Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Fri, Sep 28, 2018 - Thu, Oct 4, 2018
Shubham Polyspin IPO is a fixed price issue of ₹6.00 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹6.00 crore.
Shubham Polyspin IPO bidding started from Sep 28, 2018 and ended on Oct 4, 2018. The shares got listed on BSE SME on Oct 12, 2018.
Shubham Polyspin IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Beeline Broking Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Shubham Polyspin IPO RHP for detailed Information.
IPO Open
Fri, Sep 28, 2018
IPO Close
Thu, Oct 4, 2018
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹22.04 Cr
| IPO Date | 28 Sep to 4 Oct, 2018 |
| Listed on | Fri, Oct 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 78,000 shares Beeline Broking Ltd. (agg. up to ₹0.3120 Cr) |
| Fresh Issue (Ex Market Maker) | 14,22,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 14,22,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 40,10,000 shares |
| Share Holding Post Issue | 55,10,000 shares |
| BSE Script Code | 542019 |
| ISIN | INE01J501010 |
Shubham Polyspin IPO comprises a total issue size of 15,00,000 shares. The net offer to the public is 14,22,000 shares, after excluding 78,000 shares allotted on a firm basis. Of the Net offer 7,11,000 (50.00%) allocated to NII 7,11,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,11,000 | 50.00% | 47.40% |
| Retail Shares Offered | 7,11,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 78,000 | 5.20% | |
| Total Shares Offered | 15,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Modernisation of Plant and Machineries, Building and Electrification | 1.72 |
| 2 | Working Capital Requirements | 2.70 |
| 3 | General Corporate Purpose | 0.70 |
| 4 | Expenses for developing of New Products | 0.07 |
The Shubham Polyspin IPO is subscribed 2.95 times on October 4, 2018 6:50:02 PM (Day 4). The public issue subscribed 3.64 times in the retail category, [.] times in the QIB category, and 2.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.27 | 7,11,000 | 16,14,000 |
| Retail | 3.64 | 7,11,000 | 25,86,000 |
| Total | 2.95 | 14,22,000 | 42,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker | 0.28 |
| 2 | Regulatory Fees, printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 0.12 |
| 3 | Market Making, Marketing and Other Expenses | 0.40 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹41.80 |
| Low | ₹41.75 |
| High | ₹43.85 |
| Last Trade | ₹43.85 |
Lead Manager Reports
Shubham Polyspin IPO is a SME IPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Sep 28, 2018, and closes on Thu, Oct 4, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shubham Polyspin IPO using UPI as a payment gateway. Zerodha customers can apply in Shubham Polyspin IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shubham Polyspin IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shubham Polyspin IPO opens on Fri, Sep 28, 2018 and closes on Thu, Oct 4, 2018.
Shubham Polyspin IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Shubham Polyspin 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 Shubham Polyspin IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shubham Polyspin IPO allotment status.
The Shubham Polyspin IPO listing date is on Fri, Oct 12, 2018.
