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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 ₹40.00 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). The minimum lot size investment for 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 Date | September 28, 2018 to October 4, 2018 |
| Listing Date | October 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,00,000 shares (aggregating up to ₹6.00 Cr) |
| Reserved for Market Maker | 78,000 shares Beeline Broking Ltd. (aggregating up to ₹0.3120 Cr) |
| Net Offered to Public | 14,22,000 shares (aggregating up to ₹5.69 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 40,10,000 shares |
| Share Holding Post Issue | 55,10,000 shares |
Shubham Polyspin IPO offers total 15,00,000 shares. Out of which 7,11,000 (47.40%) allocated to NII, 7,11,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.20%) |
| NII (HNI) Shares Offered | 7,11,000 (47.40%) |
| Retail Shares Offered | 7,11,000 (47.40%) |
| Total Shares Offered | 15,00,000 (100.00%) |
Shubham Polyspin IPO opens on September 28, 2018, and closes on October 4, 2018.
| IPO Open Date | Fri, Sep 28, 2018 |
| IPO Close Date | Thu, Oct 4, 2018 |
| Tentative Listing Date | Fri, Oct 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 4, 2018 |
Investors can bid for a minimum of 3,000 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 | 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 1,783.7 | 2,029.45 | 1,447.05 | 789.88 | 758.51 | |
| Total Revenue | 2,827.00 | 1.771.19 | 1,540.45 | 1,354.57 | 626.13 | |
| Profit After Tax | 148.15 | 21.58 | 24.81 | 20.47 | 2.18 | |
The Company Shubham Polyspin IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] <p>Issue appears fully priced on the given financial data. Cash surplus investors may consider investment for long term.</p> Read detail review...
| Listing Date | October 12, 2018 |
| BSE Script Code | 542019 |
| NSE Symbol | |
| ISIN | INE01J501010 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹41.80 |
| Low | ₹41.75 |
| High | ₹43.85 |
| Last Trade | ₹43.85 |
Shubham Polyspin Ltd.
Block No. 748, Saket Industrial Estate,
Nr. Kaneria Oil Mill, Jetpura- Basantpura Road
Village Borisana, Taluka Kadi, Mahesana
Kadi, Gujarat, 382728
Phone: +91 70431 24999/25999
Email: compliance@shubhamgrp.co
Website: http://sppl.shubhamgrp.co
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: shubham.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Shubham Polyspin IPO is a SME IPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.00 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on September 28, 2018, and closes on October 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 September 28, 2018 and closes on October 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 Friday, October 12, 2018.
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