Shubham Polyspin IPO Description – Shubham Polyspin is into the production of polypropylene multifilament yarn. In 2013, the company installed Spin Draw Wind Line Machinery from Lohia Corp having monthly capacity of 50 MT. Spin-Draw-Wind Lines for polypropylene multifilament yarn offer compact and flexible solutions for varied applications. The company had taken premises admeasuring approx 4800 Square feet area at Block no. 95/3, Shed No. C2 & C3, Trimul Industrial Estate, Vadsar Village, Gandhinagar, on rental basis.
Following strong demand of its products in the market, the company added one more plant in the month of May 2014 of similar capacity of 50 MT/ per month thus aggregating to 100 MT/ per month. Backed with increased production capacity and an experienced marketing team, the company expanded its sales to nearby states like Rajasthan, Madhya Pradesh & Maharashtra and also ventured in Export Markets.
In May 2015, the company acquired land for an integrated production facility at Village Borisana (Taluka-Kadi) admeasuring area of 5009 sq. mtrs. The land purchased was later developed by constructing a Factory Shed admeasuring approximated 2800.00 sq.mtrs. along with Staff Quarters and Administrative Building. The company further added two more Spin Draw Line Machines from Lohia Corp Ltd, hence increasing the total capacity of the company to 200 MT per month. Old plants from rented premises were shifted to the new production site and all the 4 plants were fully operational by August 2016.
Promoters of Shubham Polyspin – Mr Anil Somani, Mr Ankit Somani and Mr Akshay Somani
| Shubham Polyspin IPO details | |
| Subscription Dates | 28 September – 4 October 2018 |
| IPO Price band | INR40 per share |
| Fresh issue | 1,500,000 shares (INR6 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,500,000 shares (INR6 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Modernization of Plant and Machineries, Building and Electrification – INR1.72 crore
- Working Capital Requirements – INR2.70 crore
- General Corporate Purpose – INR0.70 crore
- Developing New Products – INR0.07 crore
- Issue Expenses – INR0.80 crore
| Shubham Polyspin’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 6.26 | 13.55 | 15.40 | 17.71 | 28.27 | |
| Total expenses | 6.23 | 13.25 | 15.04 | 17.38 | 26.50 | |
| Profit after tax | 0.02 | 0.20 | 0.25 | 0.22 | 1.48 | |
Shubham Polyspin’s Contact Details
Shubham Polyspin Limited
Block No. 748, Saket Industrial Estate, Nr. Kaneria Oil Mill, Jetpura- Basantpura Road
Village Borisana, Taluka Kadi
Mahesana, Gujarat – 382 728
Phone: +91 70431 24999
Email: [email protected]
Website: www.shubhamgrp.co
Shubham Polyspin IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 1.06 |
| Day 2 | 1.61 |
| Day 3 | 1.87 |
| Day 4 | 2.80 |
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Shubham Polyspin Valuation (For FY2018)
Earnings Per Share (EPS): INR3.69
Price/Earnings (P/E) ratio: 10.84
Return on Net Worth (RONW): 24.03%
Net Asset Value (NAV): INR15.37 per share
Registrar of Shubham Polyspin IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
Shubham Polyspin IPO Allotment Status
Shubham Polyspin IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Shubham Polyspin
IPO Opening Date: 28 September 2018
IPO Closing Date: 4 October 2018
Finalisation of Basis of Allotment: 9 October 2018
Initiation of refunds: 11 October 2018
Transfer of shares to demat accounts: 11 October 2018
Listing Date: 12 October 2018
Listing Price on BSE SME: INR41.8 per share (up 4.5% from IPO price)
Closing Price on BSE SME: INR43.85 per share (up 9.63% from IPO price)
