Shekhawati Poly-Yarn Ltd IPO Message Board (Page 15)

252. new comer IPO
Don

Dear Saharanpuriji,

According to moneycontrol, subscr. is 10.4 times. Is this good enough for positive listing ? What is your experience ?

SPY over subscription 10.4 times, i applied for 11 lots, minimum 1 lot i will get, that all i need, i dnt need more than 200 shares..

Any latest updates on GMP for SPY & the current situation.

Lets not be buoyed by euphoria of Ravi Kumar Distillers n understand the background.

Ravi kumar was a different case in all only 600 applications were submitted to get the IPO subscribed & the operators had them selves purchased thousands of applications in kostak in GMP. So the naked shortsellers were trapped badly n hence the huge spike in price.

Here in SPY manipulation cant be done so easily as the no of applications are wide spread. Cud it be another RPP Infra type of poor listing?

hi
i am soory to post non realted comment but pl help me.
i have bought 250 shares of IOC @ rs 350. pl suggest when will i get profit in this as IOC shares are continuously coming down.
pl help

Rubbish talk by some bloggers who are saying the no buyer in grey market. Internal report from broker is tat it will give more than coal india. but my personal feeling in if not that much but still 15 k for an application of 2Lac for sure. Enjoye.......... . Happy New year 2011

http://www.moneycontrol.com/news/ipo-issues-open/shekhawati-poly-yarn-ipo-subscribed-104-times_509439.html

There is no buyer in GMP in Delhi for SPY & even in Jaipur the GMP had fallen to 2-3 rs only.

What to do cheques will be presented tomorrow.

Should we stop them?

As per very reliable sources there no buyers for SPY in Delhi market n even in Jaipur the GMP has fallen to 2-3 only.
What to do friends? The cheques will be presented tomorrow.>Should we stop them?

The initial public offer (IPO) of textile firm Shekhawati Poly-Yarn closed for subscription on Wednesday, December 29. The issue has been subscribed 10.4 times so far, as per information provided by its registrar Sharex Dynamic (India) Pvt Ltd.

It has received bids for 12,47,93,770 equity shares as against issue size of 1.2 crore equity shares. The company has collected Rs 374.38 crore at issue price of Rs 30 a share as against its IPO size of Rs 36 crore.







Since it was a fixed price issue, hence the complete information about the subscription will be disclosed by next week, the registrar says.

The company has received 22,226 applications for its IPO in total, including 5,792 through ASBA. 7,883 applications through HDFC Bank and the rest 8,551 via IndusInd Bank.

The issue will constitute 54.54% of the fully diluted post issue equity share capital of the company.

Shekhawati is presently engaged in manufacturing of texturised and twisted yarn. Now it proposes to commence manufacturing of Knitted Fabric from Texturised Yarn, being one of the objects of the proposed public issue.

Issue proceeds are proposed to be used for buying 30 new twisting machines and installation of 30 new knitting machines; buying corporate office at an estimated cost of Rs 325 lakh and working capital requirements.

After this expansion, the company will have 35 machines for twisting yarn with a capacity of 4,620 MTPA, 30 machines for knitting yarn with 1,980 MTPA and 20 for texturising yean with capacity of 27,400 MTPA.

Hem Securities Limited is the book running lead manager to the issue.


Source - MoneyControl

Shekhawati Poly-Yarn IPO subscribed overall 10.4 times

@ Chivitra..

As of my opinion, you have to wait a little to add another 75..
I guess that this stock may correct a bit after a raise to 246 on tomorrow, so better add some more @ 235 if possible by tomorrow or wait..
You can also add some shares of Marg ltd in longterm views, because it is moreover trading at Bookvalue 156, So buy them also @ 145-148 range..
Happy investing....

Amount through HDFC Bank 145.7 cr; through Indus Ind bank 129.41 cr; ASBA applications 99.26 cr; overall subscription 10.4 times. HNI - retail bifurcation not available. So, anybody who has applied 2 lakh form will get around 650 shares. Information collected from the source I referred in my earlier posts.

@242,Durai Raj,

Thanks for the reply dear.

As per the earlier post by our expert Sreedhar, which was a really good call indeed, I purchased Hanung on 209, that day it was on Lower Circuit. Last few days it was trading beween 220 to 232. So during the 1st session in the morning I sold Hannung on 231. After that it started its upward journey.

So I again buy 25 @238.
Tommorow morning I will purchase another 75 and hold till Feb end / Buy back decison.

how many time subscribe in retail shekhawati poly pls pls confirm sent massage ?????

@ Chivitra...

Me too agree with you that Hanung toys has the target of 300 the solid reason i can say is, the company is going to make a buy back decision and do you think that it will be at 200...?
No chance at all, the buy back offer will be somewere near 300-350 so long term holders would enjoy the fruits, but if you are going for short term, then you should keep one thing in your mind, i.e, no share is going to raise steadily, so just buy and then sell, when i correction is expected...
Repeat this untill 350...
According to me if the stock touches 250, then there will be some selling pressure expected, so sell at that time and enter again around 235-240 range again and repeat it untill 300-350. This was my idea and you should also make this clear with some experts like our Sreedhar and kk Natarajan(he might refuse that he was not an expert, but he is carrying some useful informations always)...

Yours...
Durai...

what is the reason the subscription figures are not public

Sreedhar / Natrajan,

Today i sold Hanung around 231.50 after that it reached to 238
what is the next target on Hanung counter ?
I purchased 25@ 238, I heard like it will reach 250 to 290 in Jan 2011.
It is good pricing level to reenter into this counter, please advice.

236, Kewal,
From where did you get the figures? I don't think it is correct. But if overall 7 times and retail 3 times is correct, then the HNI potion is at 11 times which is only good.

Expected allotment date is 8th Jan. Is it like that we will come to know at the time or just before to allotment only ?