Gujarat Hy-Spin Limited IPO (Gujarat Hy-Spin IPO) Detail

Jan 25, 2018 - Jan 31, 2018

Incorporated in 2011, Gujarat Hy-Spin Limited is Rajkot Gujarat based company engaged in manufacturing of cotton yarns. Company started with trading of Cotton Bales, Cotton Seeds and Wash Oil and in 2013 moved to manufacturing of cotton yarns mainly in domestic market and third party exports.

Company sell cotton yarns to the traders who further sell it to other Industrial units for weaving and other purposes. Company also sells directly to Industrial units for weaving purpose. Company's manufacturing plant is spread 15381.28 square meters which is well equipped with plant and machinery such as Blow room, Humidification facility, Contamination sorter, Link Conner etc.

Company Promoters:

The Promoters of the Company are Maganlal Parvadiya and Chandulal Parvadia. The Promoters collectively hold in aggregate 92,30,660 Equity Shares representing 55.11% of the pre-offer Paid up share capital of our Company and will continue to hold a majority of post-Offer paid up share capital of the Company.

Objects of the Issue:

The Objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the offer for sale of 44,50,000 Equity shares by the Selling Shareholders.

Gujarat Hy-Spin IPO Details

IPO Date	Jan 25, 2018 - Jan 31, 2018
Issue Type	Fixed Price Issue IPO
Issue Size	4,450,000 Eq Shares of ₹10 (aggregating up to ₹4.45 Cr)
Face Value	₹10 Per Equity Share
IPO Price	₹10 Per Equity Share
Market Lot	10000 Shares
Min Order Quantity	10000 Shares
Listing At	BSE SME

Gujarat Hy-Spin IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	10000	₹100,000
Maximum	2	20000	₹200,000

Gujarat Hy-Spin IPO Subscription Status (Bidding Detail)

Gujarat Hy-Spin IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	2,110,000	2,110,000	4,220,000
Jan 31, 2018 17:00	1.89x	7.73x	4.81x

Gujarat Hy-Spin IPO Prospectus

› Gujarat Hy-Spin IPO DRHP

Gujarat Hy-Spin IPO Rating

3.9

Rating:

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Gujarat Hy-Spin IPO Listing Date

Listing Date	Thursday, February 8, 2018
BSE Script Code	540938
NSE Symbol
Listing In	M
ISIN	INE578V01013
IPO Price	₹10 Per Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹10.00
₹10.35
₹10.00
₹11.90
₹10.81
4,540,000

Gujarat Hy-Spin IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term

Company Contact Information

Gujarat Hy-Spin Limited
P. O. Box No. 22,
Gundala Road,
Gondal, Rajkot 360311

Phone: 02825-297170
Email: cs@gujarathyspin.com
Website: http://www.gujarathyspin.com/

Gujarat Hy-Spin IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Gujarat Hy-Spin IPO Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd

Lead Manager Reports

Gujarat Hy-Spin IPO FAQs

1. What is Gujarat Hy-Spin IPO?

Gujarat Hy-Spin IPO is a SME IPO of 4,450,000 equity shares of the face value of ₹10 aggregating up to ₹4.45 Crores.

The issue price of the IPO is ₹10 Per Equity Share. The minimum order quantity is 10000 Shares per application and the offer type is Fixed Price Issue.

The IPO opens on Jan 25, 2018 and closes on Jan 31, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
2. When Gujarat Hy-Spin IPO will open?

The Gujarat Hy-Spin IPO opens on Jan 25, 2018 and closes on Jan 31, 2018.
3. How to apply for Gujarat Hy-Spin IPO?

Gujarat Hy-Spin IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When Gujarat Hy-Spin IPO allotment?

The finalization of Basis of Allotment for Gujarat Hy-Spin IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gujarat Hy-Spin IPO allotment status.
5. When is Gujarat Hy-Spin IPO listing date?

The Gujarat Hy-Spin IPO listing date is on Thursday, February 8, 2018, at BSE SME.
6. What is the lot size of Gujarat Hy-Spin IPO?

Gujarat Hy-Spin IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.

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Gujarat Hy-Spin IPO Review / Comments

16. IpoNewbie Feb 9, 2018 08:31

Got message of receiving 10000 via Corporate Action but not reflecting in iCICI demat account.
Please Help!

15. A L Feb 8, 2018 12:40

Current price 11.9

14. IPOBeginner Feb 8, 2018 08:16

Listed @ 10

14.1. SecTheta Feb 8, 2018 09:02

It''s already 7% up!
IMO it should be closed at UC as HUGE buyers and very low sellers.

13. PJN Feb 7, 2018 13:23

KITNA PROFIT /LOSS HAI

12. Analyst. Ipo Feb 6, 2018 19:07

Paantmonth last 10ipo listed positive and hit rate is quite high.. That''s the only factor of positive listing and hope.

11. Analyst. Ipo Feb 5, 2018 20:24

Allotment is out..

10. DAGA Feb 5, 2018 19:25

Allotment just out

9. Hiteshji Feb 4, 2018 14:14

Top Contributor (300+ Posts, 200+ Likes)

Beware of investing in sme ipo now days, as market is cracking and may all issue listing below cost. So it is better to do wait and watch strategy and safe your money.

8. m patel Jan 31, 2018 21:58

possible 1 UC

Load more comments (3 replies)

8.4. Analyst. Ipo Feb 1, 2018 14:03

2 UC now.. Tax rate reduction of 25% and new textile sopes.

8.5. SecTheta Feb 1, 2018 15:12

Seems possible as issue size is very low...let''s see..

7. SecTheta Jan 31, 2018 16:36

Final Figures at 5:30 PM:

HNI: 1.79X
Retail: 7.33X
Total: 4.56X

Load more comments (3 replies)

7.4. SecTheta Jan 31, 2018 21:44

I agree with Umang. Now a days every second SME is coming with ridiculously high valuations. Better to stay away!

7.5. Analyst. Ipo Jan 31, 2018 23:20

Umang,let me understand your point..How its stretch valuation? No one can offer shares below par value..NAV and book value of the company is 11.36. Company valution always more than NAV.I expect atleast 14 rs price for this IPO. Now on subscription side people only see grey market premium which was certain miss from promotor as its fpo and no money going to company or promotors.

6. Analyst. Ipo Jan 31, 2018 11:43

This is one of the best priced Ipo. SKS asked 150rs premium on top line of 150 cr.while Guj hi spin has consistent 50cr top line so valuation is good and room for investors on listing.

5. S Patel Jan 30, 2018 15:16

Check Latest Subscription
http://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_FPO.aspx?Scripcode=3596

4. SekharG Jan 23, 2018 08:36

Review by Dilip Sir, Recommended for subscription.
But Review comment looks not supporting this. "If we annualize latest earnings and attribute it on post issue equity, then asking price is at a P/E of around 50 thus even at par value, it is not a worthy bet. Peers are trading in the P/E range of 6 to 44."

Load more comments (4 replies)

4.5. SecTheta Jan 29, 2018 11:41

I will apply on last day after checking subscription figures (demand). Lot of other good IPOs are there => Vasa, Focus etc. I will give preference to them. :)

4.6. Johny Jan 29, 2018 12:09

Top Contributor (300+ Posts, 400+ Likes)

@SecTheta Thank you very much

3. SecTheta Jan 23, 2018 20:58

Highly priced issue. Nothing left for Investors! Bad pricing ...

3.1. coolaks Jan 24, 2018 09:31

Hi Sectheta P/E is very expensive only positive is Panthomath is the lead manager.
What do you think will there be any listing gains?

3.2. SecTheta Jan 25, 2018 15:40

Pantomath is there my friend but they can''t manage everything. Logically , it shouldn''t go -ve but it shouldn''t go too positive as well. Better to try something which is better... VASA OR FOCUS IPO you can try. If you get allotment then minimum 2 UCs are confirmed.

2. PRIYAD Jan 22, 2018 12:46

it is good SME to apply for IPO please suggest,

2.1. JUSTIN Jan 24, 2018 15:55

It will trade 1-5 after listing within 6 month.

1. NPP Jan 19, 2018 10:04

Good issue for long term investors ..
Listing gain not sure,

17.1. JUSTIN Jan 19, 2018 21:02

This is Not good company. don''t apply this ipo.

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