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Gujarat Hy-Spin IPO is a fixed price issue of Rs 4.45 crores.
Gujarat Hy-Spin IPO bidding started from January 25, 2018 and ended on January 31, 2018. The shares got listed on BSE SME on February 8, 2018.
Gujarat Hy-Spin IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Gujarat Hy-Spin IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Gujarat Hy-Spin IPO RHP for detailed information.
IPO Date | January 25, 2018 to January 31, 2018 |
Listing Date | February 8, 2018 |
Face Value | ₹10 per share |
Price | ₹10 per share |
Lot Size | 10000 Shares |
Total Issue Size | 4,450,000 shares (aggregating up to ₹4.45 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 16,750,000 |
Share holding post issue | 16,750,000 |
Market Maker portion | 230,000 shares |
Gujarat Hy-Spin IPO offers 4,680,000 shares. 2,110,000 (45.09%) to NII, 2,110,000 (45.09%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 230,000 (4.91%) |
Other Shares Offered | 2,110,000 (45.09%) |
Retail Shares Offered | 2,110,000 (45.09%) | Other Shares Offered | 230,000 (4.91%) |
Total Shares Offered | 4,680,000 (100%) |
Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 10000 | ₹100,000 |
Retail (Max) | 2 | 20000 | ₹200,000 |
Lot Size Calculator |
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.
The Objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the offer for sale of 44,50,000 Equity shares by the Selling Shareholders.
[Dilip Davda]
Investment in this at par issue may be considered for long term only.
Read detail review...The Gujarat Hy-Spin IPO is subscribed 4.81 times on January 31, 2018 5:00:00 PM. 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) |
---|---|
Other | 1.89 |
Retail | 7.73 |
Total | 4.81 |
Listing Date | February 8, 2018 |
BSE Script Code | 540938 |
NSE Symbol | |
ISIN | INE578V01013 |
Final Issue Price | ₹10 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹10.00 |
₹10.35 |
₹10.00 |
₹11.90 |
₹10.81 |
Gujarat Hy-Spin Limited
P. O. Box No. 22,
Gundala Road,
Gondal, Rajkot 360311
Phone: 02825-297170
Email: cs@gujarathyspin.com
Website: http://www.gujarathyspin.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Gujarat Hy-Spin IPO is a SME IPO of 4,450,000 equity shares of the face value of ₹10 aggregating up to ₹4.45 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on January 25, 2018, and closes on January 31, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Gujarat Hy-Spin IPO opens on January 25, 2018 and closes on January 31, 2018.
Gujarat Hy-Spin IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
You can apply in Gujarat Hy-Spin IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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