Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Thu, Jan 25, 2018 - Wed, Jan 31, 2018
Gujarat Hy-Spin IPO is a fixed price issue of ₹4.45 crores. The issue is entirely an offer for sale of 0.45 crore shares of ₹4.45 crore.
Gujarat Hy-Spin IPO bidding started from Jan 25, 2018 and ended on Jan 31, 2018. The shares got listed on BSE SME on Feb 8, 2018.
Gujarat Hy-Spin IPO price is ₹10 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Gujarat Hy-Spin IPO RHP for detailed Information.
IPO Open
Thu, Jan 25, 2018
IPO Close
Wed, Jan 31, 2018
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹16.75 Cr
| IPO Date | 25 to 31 Jan, 2018 |
| Listed on | Thu, Feb 8, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 44,50,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 2,30,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.2300 Cr) |
| Offer for Sale | 42,20,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 42,20,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 1,67,50,000 shares |
| Share Holding Post Issue | 1,67,50,000 shares |
| BSE Script Code | 540938 |
| ISIN | INE578V01013 |
Gujarat Hy-Spin IPO comprises a total issue size of 44,50,000 shares. The net offer to the public is 42,20,000 shares, after excluding 2,30,000 shares allotted on a firm basis. Of the Net offer 21,10,000 (50.00%) allocated to NII 21,10,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,10,000 | 50.00% | 47.42% |
| Retail Shares Offered | 21,10,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,30,000 | 5.17% | |
| Total Shares Offered | 44,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Gujarat Hy-Spin IPO is subscribed 4.81 times on January 31, 2018 5:00:00 PM (Day 4). The public issue subscribed 7.73 times in the retail category, [.] times in the QIB category, and 1.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.89 | 21,10,000 | 39,90,000 |
| Retail | 7.73 | 21,10,000 | 1,63,10,000 |
| Total | 4.81 | 42,20,000 | 2,03,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Advertising and marketing expenses | 0.01 |
| 3 | Brokerage and Selling Commission | 0.01 |
| 4 | Other Legal Fees | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.35 |
| Low | ₹10.00 |
| High | ₹11.90 |
| Last Trade | ₹10.81 |
Lead Manager Reports
Gujarat Hy-Spin IPO is a SME IPO of 44,50,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Thu, Jan 25, 2018, and closes on Wed, Jan 31, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Gujarat Hy-Spin IPO using UPI as a payment gateway. Zerodha customers can apply in Gujarat Hy-Spin IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gujarat Hy-Spin IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gujarat Hy-Spin IPO opens on Thu, Jan 25, 2018 and closes on Wed, Jan 31, 2018.
Gujarat Hy-Spin IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Gujarat Hy-Spin IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
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.
The Gujarat Hy-Spin IPO listing date is on Thu, Feb 8, 2018.
