Shekhawati Poly-Yarn Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 6,000,000 (50%) | — | ₹1,800 Cr |
| Retail | — | 6,000,000 (50%) | — | ₹1,800 Cr |
| Σ Total | — | 12,000,000 (100%) | — | ₹36,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,000 |
| Retail (Max) | 13 | 2,600 | ₹78,000 |
| S-HNI (Min) | 14 | 2,800 | ₹84,000 |
| B-HNI (Min) | 67 | 13,400 | ₹402,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-10 | 31-Mar-10 | 31-Mar-09 |
|---|---|---|---|
| Revenue | 5,996 | 8,951 | 7,751 |
| Profit After Tax | 158 | 221 | 126 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 –
Company Overview
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.