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Shekhawati Poly-Yarn IPO is a fixed price issue of ₹36.03 crores. The issue is entirely a fresh issue of 1.20 crore shares of ₹36.03 crore.
Shekhawati Poly-Yarn IPO bidding started from Dec 27, 2010 and ended on Dec 29, 2010. The shares got listed on BSE, NSE on Jan 12, 2011.
Shekhawati Poly-Yarn IPO price is ₹30.00 per share . The lot size for an application is 200. The minimum amount of investment required by an individual investor (retail) is ₹6,000 (200 shares). The lot size investment for sNII is 34 lots (6,800 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (33,400 shares), amounting to ₹10,02,000.
Hem Securities Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue.
Refer to Shekhawati Poly-Yarn IPO RHP for detailed Information.
| IPO Date | December 27, 2010 to December 29, 2010 |
| Listing Date | January 12, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,20,08,886 shares (aggregating up to ₹36.03 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,00,02,181 shares |
| Share Holding Post Issue | 2,20,02,181 shares |
Shekhawati IPO offers total 1,20,00,000 shares. Out of which 60,00,000 (50.00%) allocated to NII, 60,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| NII (HNI) Shares Offered | 60,00,000 (50.00%) | NA |
| Retail Shares Offered | 60,00,000 (50.00%) | 30,000 |
| Total Shares Offered | 1,20,00,000 (100.00%) |
Shekhawati Poly-Yarn IPO opens on December 27, 2010, and closes on December 29, 2010.
| IPO Open Date | Mon, Dec 27, 2010 |
| IPO Close Date | Wed, Dec 29, 2010 |
| Tentative Listing Date | Wed, Jan 12, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 29, 2010 |
Investors can bid for a minimum of 200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,000 |
| Retail (Max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (Min) | 34 | 6,800 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
| 30-Sep-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 5,996.31 | 8,951.04 | 7,751.11 | 3,396.26 | 1,788.08 | 941.80 |
| Profit After Tax (PAT) | 157.51 | 220.89 | 125.56 | 57.81 | 10.59 | 13.11 |
| KPI | Values |
|---|---|
| RoNW | 17.39% |
The Company Shekhawati IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | To acquire Factory Building | |
| 2 | To acquire Corporate Office Building | |
| 3 | To repay loans aggregating to Rs.337.53 Lacs obtained for acquiring factory building, corporate office and payment towards issue expenses | |
| 4 | To meet IPO expenses of Rs. 274.27 Lacs | |
| 5 | To meet working capital margin money requirements | |
| 6 | To get the Equity Shares of the Company listed on BSE and NSE |
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.
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| Listing Date | January 12, 2011 |
| BSE Script Code | 533301 |
| NSE Symbol | SHEKHAWATI |
| ISIN | INE268L01020 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | B |
Shekhawati Poly-Yarn Ltd.
2, Anantwadi, Vaidya Bhawan,
1st Floor, Bhuleshwar,
Mumbai- 400 002
Mumbai, Maharashtra
Phone: 91-22- 3256 7126
Email: ho@shekhawatiyarn.com
Website: http://www.shekhawatiyarn.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: info@sharexindia.com
Website:
Shekhawati Poly-Yarn IPO is a main-board IPO of 1,20,08,886 equity shares of the face value of ₹10 aggregating up to ₹36.03 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200.
The IPO opens on December 27, 2010, and closes on December 29, 2010.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shekhawati Poly-Yarn IPO using UPI as a payment gateway. Zerodha customers can apply in Shekhawati Poly-Yarn IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shekhawati Poly-Yarn IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shekhawati Poly-Yarn IPO opens on December 27, 2010 and closes on December 29, 2010.
Shekhawati Poly-Yarn IPO lot size is 200, and the minimum amount required for application is ₹6,000.
You can apply in Shekhawati Poly-Yarn 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 Shekhawati Poly-Yarn IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shekhawati Poly-Yarn IPO allotment status.
The Shekhawati Poly-Yarn IPO listing date is on Wednesday, January 12, 2011.
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