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Shekhawati Poly-Yarn Ltd IPO (Shekhawati IPO) Detail

Dec 27, 2010 - Dec 29, 2010

Incorporated in 1990, Shekhawati Poly-Yarn Ltd is a leading manufacturer of Polyester Texturised Yarn & Twisted Yarn.

Polyester Texturised Yarn (PTY) mainly used for manufacturing apparels i.e. suiting, shirting, dress materials, saris, hosiery, knitted fabric, zipper fastener, curtain & industrial cloth as also to manufacture fancy yarn for high value dress materials and upholstery. Polyester Texturised Yarn is obtained after further processing of POY.

Presently, Shekhawati has 20 Texturising Machines with an installed capacity of 13,200 MTPA to produce PTY. It also has installed 5 TFO machines to produce Twisted Yarn with installed capacity of 600 MTPA. Company has implemented an integrated facility at Silvassa for manufacturing PTY with a total project cost of Rs. 40.15 Crores. Under this Company has established Yarn Texturising Facility of 14200 MTPA with 20 Texturising Machines.

SPYL has client base in Mumbai, Bhiwandi, Surat, Ludhiana, Secunderabad, Meerut, Panipat, Delhi, Bhilwara, Erode, Salem, Coimbatore, Ichalkaranji, Malegaon and Calcutta markets. Shekhawati's manufacturing units is located at Silvassa, which is near to Bhiwandi and Surat, the major consumption centres of Texturised Yarn.

Company Promoters:

Mr. Mukesh Ruia and Mr. Ramniranjan Ruia are the promoter of the company.

Company Financials:

ParticularsFor the year/period ended (in Rs. Lacs)
30-Sep-1031-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income5,996.318,951.047,751.113,396.261,788.08941.80
Profit After Tax (PAT)157.51220.89125.5657.8110.5913.11

Objects of the Issue:

The objects of the Issue are:

1. To acquire additional new 30 Twisting Machines and installation of new 30 Knitting Machines;
2. To acquire Corporate office at an estimated cost of Rs. 325.00 lacs;
3. To meet working capital requirements;
4. To meet the Issue expenses; and
5. To get the Equity Shares listed on BSE.

Shekhawati IPO Details

IPO DateDec 27, 2010 - Dec 29, 2010
Issue TypeFixed Price Issue IPO
Issue Size12,000,000 Eq Shares of ₹10
(aggregating up to ₹36.00 Cr)
Face Value₹10 Per Equity Share
IPO Price₹30 Per Equity Share
Market Lot200 Shares
Min Order Quantity200 Shares
Listing AtBSE, NSE

Shekhawati IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1200₹6,000
Maximum336600₹198,000

Shekhawati Poly-Yarn IPO Grading / Rating

CARE Limited has assigned an IPO Grade 2 to Shekhawati Poly-Yarn Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Shekhawati Poly-Yarn Ltd.

Check IPO Ratings from other stock analysts.

Shekhawati Poly-Yarn Ltd IPO Tags:

Shekhawati Poly-Yarn Allotment, Shekhawati Poly-Yarn Ltd IPO Subscription, Shekhawati Poly-Yarn Retail Subscription, Shekhawati PolyYarn Listing, Shekhawati Poly-Yarn Ltd IPO, Shekhawati Poly-Yarn IPO,Shekhawati Poly-Yarn IPO Bidding, Shekhawati Poly-Yarn IPO Allotment Status, Shekhawati Poly-Yarn IPO drhp.

Shekhawati IPO Prospectus

Shekhawati IPO Rating

472
3.7
Rating:Rated 3.7 stars

Vote Here ...

Shekhawati IPO Listing Date

Listing DateWednesday, January 12, 2011
BSE Script Code533301
NSE SymbolSPYL
Listing InB
ISININE268L01020
IPO Price₹30 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹30.00
₹32.50
₹30.70
₹69.00
₹47.50
105,114,233
NSE
₹30.00
₹50.00
₹30.70
₹69.70
₹47.50
119,347,258

Shekhawati IPO Reviews / Ratings

  • MLR Securities Private Ltd - Avoid

Company Contact Information

Shekhawati Poly-Yarn Ltd
2, Anantwadi, Vaidya Bhawan,
1st Floor, Bhuleshwar,
Mumbai- 400 002

Phone: 91-22- 3256 7126
Email: ho@shekhawatiyarn.com
Website: http://www.shekhawatiyarn.com

Shekhawati IPO Registrar

Sharex Dynamic (India) Pvt Ltd
   Unit 1, Luthra Ind. Premises,
   Safed Pool, Andheri - Kurla Road,
   Andheri (East), Mumbai - 400 072

Phone: +91- 22 - 2851 5606
Email: info@sharexindia.com
Website: http://www.sharexindia.com

Shekhawati IPO FAQs

  1. 1. What is Shekhawati IPO?

    Shekhawati IPO is a main-board IPO of 12,000,000 equity shares of the face value of ₹10 aggregating up to ₹36.00 Crores.

    The issue price of the IPO is ₹30 Per Equity Share. The minimum order quantity is 200 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Dec 27, 2010 and closes on Dec 29, 2010.

    Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Shekhawati IPO will open?

    The Shekhawati IPO opens on Dec 27, 2010 and closes on Dec 29, 2010.

  3. 3. How to apply for Shekhawati IPO?

    Shekhawati 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. 4. When Shekhawati IPO allotment?

    The finalization of Basis of Allotment for Shekhawati IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shekhawati IPO allotment status.

  5. 5. When is Shekhawati IPO listing date?

    The Shekhawati IPO listing date is on Wednesday, January 12, 2011, at BSE, NSE.
  6. 6. What is the lot size of Shekhawati IPO?

    Shekhawati IPO lot size is 200 Shares and the minimum order quantity is 200 Shares.

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Shekhawati IPO Review / Comments

Bhavin Vashi
528. Bhavin Vashi  Jan 20, 2011 13:35
50% profit booking is advisable for short sale @ 111.50 as 110 looks hard to be breach. and then keep sl to cost
Ravi, Bangalore
527. Ravi, Bangalore  Jan 17, 2011 14:37
Top Contributor Top Contributor (300+ Posts)
IPO/STOCK GURO
526. IPO/STOCK GURO  Jan 17, 2011 12:16
Jin logo nay listing pay buy kiya ya ipo may hold kiya sell immediatly. 3rd class co.
VINITSONI
525. VINITSONI  Jan 17, 2011 08:00
Tgt 20 rs
Durai Raj,Tirupur
524. Durai Raj,Tirupur  Jan 15, 2011 19:28
Top Contributor Top Contributor (300+ Posts)
@CLD,

There is an disadvantage in Angel it's nothing but they charge minimum charge of 30Rs per contract note(eg. If you trade in BSE and say you are in 1 paise rate so you have to trade for 3 lac in intraday or 30k in delivery so that your brokerage will be 30 so no problem and say if you trade for only 2 lac then they will charge 10 extra since your brokerage comes only to 20)

They had said like this but for me they did that only once in the last 6 months

Regards margin no problem, they give 20 times or even more.. (Eg. Say you had opened a/c with 1lac and holds shares worth 1 lac, even then you can do intraday for 1 lac or more, so no margin problem)
They allow intraday in All new listed shares

Then till now i had not experanced any problem...

I think i had made you clear...
Durai Raj,Tirupur
523. Durai Raj,Tirupur  Jan 15, 2011 13:28
Top Contributor Top Contributor (300+ Posts)
@CLD,

Actually they don't have any fixed charges and if you can bargain well the minimum charges can be even 0.005%(i.e 1/2 paise) for intraday and 0.05% (5 paise) for delivery
I heard this from the marketing executive working there and they will usually offer this for HNI's but you can get at 0.01% (1 paise) for intraday and 0.10% (10 paise) for delivery since your investment is at 1 lac.. (I opened an account for 80k and i got this brokerage).
The branch manager has the power to fix the brokerage so don't go by any sub-brokers because they usually charge higher because their profit sharing ratio is 60:40 so approach the branch directly and talk to BM(remember it should be a direct branch of Angel, should not be of sub-brokers)

You just bargain, saying that you already having account for lower brokerage and had came here to get it lower or say that your friend has has account for such lower brokerage then you will get it...

Don't give up, for increasing the brokerage by 1 paise even ok bargain as possible as you can and don't open a/c till you get the minimum ok...
CLD
522. CLD  Jan 14, 2011 21:29
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
@ Durai Raj,Tirupur
Thanks for response. please tell me angel brokerage charges for intraday & delivery in cash market. How much margin trading they allow for say one lakh deposit. Also do they allow intraday in IPOs till 3.30 pm on listing day. Have you ever experianced system failure in the opening & closing hour of the day which are crutial for intraday positioning.
SkDash
521. SkDash  Jan 14, 2011 17:11
IPO Mentor IPO Mentor (600+ Posts)
Can anybody tell me -

1. whether short selling is allowed for all equities even if it is nt covered under F&O
2. Brokerage for short selling will be as per intraday or delivery ?
3. whether short to be covered automatically like intraday or we have to cover the short specifically
4. Charges/ day for not covering the short
Ravi, Bangalore
520. Ravi, Bangalore  Jan 14, 2011 16:40
Top Contributor Top Contributor (300+ Posts)
528. Durai Raj,Tirupur

Intra-day traders start exiting after 3:00 p.m. It is my favourite time not only for IPOs, but also for any stocks.

I use Google Finance Chart for intra-day & End-of-the-Day (EOD) Chart in NSE website for positional. Using chart cuts your emotion. Putting stop-loss is the skill that comes by experience.

In case of network problem, call-up borker & square-off. I don't think it is great deterrant to stop trading after 3 O' clock.

Yesterday, I made 6,000 in 5 minutes in Deccan Chronical Futures. When you trade after 3:15 p.m. when you find white candles, risk-reward ratio is 1:3 due to short-covering particulary in falling market day.

Choosing counters which have discount in Futures is another favourite strategy to trade after 3:15 p.m. in case you find white candles after beating down heavily.
Durai Raj,Tirupur
519. Durai Raj,Tirupur  Jan 14, 2011 15:14
Top Contributor Top Contributor (300+ Posts)
@CLD

Your are correct my friend...
I mostly avoid trading after 3. And
I had not came across any such problem till now, and if i had any problem means i will do any of the following..
1. Angel offers mobile trading software so i will logon by it or
2. Will ring my friend, who works in angel office or
3. Call the dealer to place the trade..

I don't have to worry, because i have some good relationship with few people working in Angel so i can use anyone to place my order...

But most probably if i had any proble with my system, will use my mobile immediately so if you had an account with a brokering house, in which you know someone working there then no problem man...
Durai Raj,Tirupur
518. Durai Raj,Tirupur  Jan 14, 2011 15:01
Top Contributor Top Contributor (300+ Posts)
@Ravi, Bangalore

Sorry my friend, i don't know about sharekhan and Religare...
CLD
517. CLD  Jan 14, 2011 14:49
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
@ durai raj @ Ravi, Bangalore
It is highly risky to trade on such platform. your computer can get into problem or broker's investor link can get snapped etc. etc. It is stressful when your trade gets into auction mode since the outcome of the trade is only known after four days. It is also known that trades in auction mode are mostly disadvantageos to trader. How many times out of say 10 days of trading you have been trapped due to system problems. Is there any brokerage firm which allows trades upto 3.20 pm & after that the firm square off pending positions. I don't think peding positions are squared off automatic. It is done by brokerage firms for which they need some time before market closes. Please correct me if I am wrong.
Ravi, Bangalore
516. Ravi, Bangalore  Jan 14, 2011 11:57
Top Contributor Top Contributor (300+ Posts)
523. Durai Raj,Tirupur

Sharekhan, Religare.
kumarvin
515. kumarvin  Jan 14, 2011 11:10
@Sreedhar,

Please suggest on this stock. I purchased it at 49 and in a huge loss. any chances for recovery?
Durai Raj,Tirupur
514. Durai Raj,Tirupur  Jan 14, 2011 10:34
Top Contributor Top Contributor (300+ Posts)
@CLD,

I am using, Angel and they allow short sell even after 3 but i dis-advantage there is no automatic square-off in the system, so if you had forget to square off your intraday positions, the shares bought will be converted to delivery and sold will go to Auction, if you don't have in your account...
CLD
513. CLD  Jan 14, 2011 09:56
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Dear Ravi, Bangalore
Dear
You could short SPYL at 64 & could gain some profits. As far as I know the stock was trading above 64 at 3.00 P.M. when most of brokerage houses stop intraday trading by investors from their terminals. As such investors could not short the stock after 3.00 pm when it started to fall. I want to know which brokerage platform are you using & how you could short it after 3 p.m. I had shorted at 62 hoping the script will come down but had to square up at 3 pm at 64.
KK Natarajan
512. KK Natarajan  Jan 13, 2011 15:11
IPO Mentor IPO Mentor (500+ Posts)
The way markets behave, we are on the way to touch 5500 in the nifty it seems. Banking sector is under tremendous pressure. So far only IT sector was the saving grace. Now with Infosys announcing results not in line with the market expectations, where is the support going to come?
Ravi, Bangalore
511. Ravi, Bangalore  Jan 13, 2011 12:00
Top Contributor Top Contributor (300+ Posts)
514. KK Natarajan

I bought at 57 in afternoon that stop-loss hit at 57 itself (1000 shares). Then shorted at 64 x 500 shares when it was coming down from 69 & covered at 59 (57 was support).

Shorted 1000 shares when breached 53 & covered at 33.

These trades were done by watching intra-day chart given in NSE web-site. 33 target was found in Pivot Table (available in web-site).
gkc
510. gkc  Jan 13, 2011 11:19
Sreedhar, Could you please suggest few stocks including entry & exit price from secondary market.
Thanks in advance
SkDash
509. SkDash  Jan 13, 2011 09:25
IPO Mentor IPO Mentor (600+ Posts)
SPY open at 38.05, offer vol @ 38.05- 1510k, bid vol- 0
@ 9.20 AM



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