Incorporated in 2012, Gujarat based Shubham Polyspin Limited is a company engaged in the manufacturing of Polypropylene Multifilament Yarn of various types including Air-Intermingled yarn, Twisted Yarn & Shubhlon Bag closing yarn.
The yarn produced from the company are used in various fields like Geo-Textiles, Filter Cloth, HDPE, In FIBC, PP Bags, Narrow Woven Fabrics (webbings & tapes) etc. All the products are marketed under the Trade Name SHUBLON ™. It sell Its products directly to the end users in India and directly and through merchandise in Overseas.
The company's manufacturing facility is located at Mehasana, Gujarat.
The company started by selling 100% of its products in the state of Gujarat. However with increased production capacity, it expanded its sales to states like Rajasthan, Madhya Pradesh & Maharashtra. It also started exporting its products to international markets.
It has 31 employees on its payroll.
The Promoters of the Company are Anil Devkishan Somani, Ankit Anil Somani and Akshay Anilbhai Somani.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||148.15||21.58||24.81||20.47||2.18|
The objects of the Issue are to raise funds for-
1. Modernizations of Plant and Machineries, Building and Electrification;
2. Working Capital Requirements;
3. General Corporate Purpose;
4. Developing New Products;
5. Public Issue Expenses
|Issue Open||Sep 28, 2018 - Oct 4, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||1,500,000 Eq Shares of Rs 10 |
(aggregating up to Rs 6.00 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 40 Per Equity Share|
|Market Lot||3000 Shares|
|Min Order Quantity||3000 Shares|
|Listing At||BSE SME|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Oct 4, 2018 18:50
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