The Gujarat Hy-Spin IPO date has been confirmed from January 25, 2018 and ended on January 31.
Using an IPO, Gujarat Hy-Spin is seeking to raise Rs 4.45 crores. Its 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.
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Bidding Dates
January 25-31
Price Range
₹10 per share
Face Value
₹10 per share
GMP
₹10.40
Gujarat Hy-Spin IPO GMP
The Gujarat Hy-Spin Limited IPO GMP is ₹10.40.
IPO Overview
Gujarat Hy-Spin IPO is a Rs 4.45 crore fixed price offering. Bidding for the Gujarat Hy-Spin IPO began on January 25, 2018 and finished on January 31, 2018. On February 8, 2018, the shares were listed on the BSE SME. The IPO price for Gujarat Hy-Spin is ₹10 per share. An application’s minimum lot size is 10000 Shares. Retail investors must make a minimum commitment of ₹100,000.
The manufacturing factory of the company is spread over 15381.28 square metres and is well equipped with plant and machinery such as a blow room, humidification facility, contamination sorter, link conner, and so on.
Gujarat Hy-Spin IPO Details
| 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 |
| Market Maker portion | 230,000 shares |
Gujarat Hy-Spin IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
Gujarat Hy-Spin IPO Listing Details
| Listing Date | February 8, 2018 |
| BSE Script Code | 540938 |
| NSE Symbol | |
| ISIN | INE578V01013 |
| Final Issue Price | ₹10 per share |
Company Profile
Gujarat Hy-Spin Limited is a Rajkot, Gujarat-based firm that manufactures cotton yarns. It was founded in 2011. The company began by trading cotton bales, cotton seeds, and wash oil before transitioning to cotton yarn manufacturing in 2013, mostly for the domestic market and third-party exports. Cotton yarns are sold by the company to traders, who then sell them to other industrial units for weaving and other purposes. The company also supplies directly to industrial weaving facilities.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91 022 4918 6060 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Gujarat Hy-Spin Limited |
| Phone number | 02825-297170 |
| Email ID | cs@gujarathyspin.com |
| Website | gujarathyspin.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
