Gujarat Hy-Spin Limited SME IPO Details

Gujarat Hy-Spin Limited was established in 2011 at Rajkot, Gujarat, 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..

Gujarat Hy-Spin Limited IPO Details
Issue Open	25-01-2018
Issue Close	31-01-2018
Allotment Date	06-02-2018
Unblocked Amount	07-02-2018
Listing Date	08-02-2018
Issue Share	44,50,000 Equity Share
Issue Size	₹ 4.45 Cr
IPO Price Band	₹ 10
Minimum Investment Amount [Rs]	₹ 1,00,000
Minimum Share Bid	10000
Face Value	₹ 10
Retail Allocation	50%
Listing On	BSE SME
Premium [Per Share]	NA
Average Earning Per Share	NA
Expected Listing Gain	-

Gujarat Hy-Spin Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	1.89	1.82	0.09
FY-2014	12.42	12.63	-0.15
FY-2015	52.12	52.62	-0.34
FY-2016	51.89	51.84	0.04
FY-2017	52.05	51.83	0.15
H1-FY-2018	26.39	26.15	0.17

Gujarat Hy-Spin Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	21,10,000	21,10,000	42,20,000
Day-1 [25-01-2018]	0 [0]	7,50,000 [0.36]	7,50,000 [0.18]
Day-2 [29-01-2018]	14,00,000 [0.66]	54,50,000 [2.58]	68,50,000 [1.62]
Day-3 [30-01-2018]	31,80,000[1.51]	74,00,000 [3.51]	1,05,80,000 [2.51]
Day-4 [31-01-2018]	39,90,000 [1.90]	1,63,10,000 [7.73]	2,03,00,000 [4.82]

Gujarat Hy-Spin Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 10.67
P/E Ratio	1.87
RoNW	81.95 %
Net Asset Value [NAV]	₹ 0.13

Gujarat Hy-Spin Limited IPO Contact Details
Gujarat Hy-Spin Limited P. O. Box No. 22, Gundala Road, Gondal, Rajkot 360311 Phone: 02825-297170 Fax: Email: cs@gujarathyspin.com Website: http://www.gujarathyspin.com/

Registrar of Gujarat Hy-Spin Limited IPO
Bigshare Services Private Limited  E2, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (E) Mumbai – 400 072 Phone: +91 22 4043 0200  Fax: +91 22 2847 5201 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Ashok Shetty SEBI Registration No.: INR000001385

Lead Managers of Gujarat Hy-Spin Limited IPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website: www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Lokesh Shah SEBI Registration No: INM000012110

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Gujarat Hy-Spin Limited IPO Recommendations
Live IPO Team Recommendation:- Avoid