A fixed-priced offering of Rs 36.00 crore is the Shekhawati IPO. Beginning on December 27, 2010, the Shekhawati Initial Public Offering (IPO) bidding round concluded on December 29, 2010. January 12, 2011, saw the shares go live on the BSE and NSE lists. A share in Shekhawati’s IPO is priced at ₹30. A minimum of 200 shares is required for an application lot size. Retail investors must make a minimum investment of ₹6,000.
Shekhawati Poly-Yarn Ltd., a prominent producer of polyester twisted yarn and texturized yarn, was founded in 1990. Polyester-textured yarn (PTY) is mostly used to make dress materials, saris, hosiery, knitted fabric, zipper fasteners, curtains and industrial cloth. It is also used to make fancy yarn for high-end upholstery and dress materials. POY is further processed to yield polyester-texturized yarn. Shekhawati currently produces PTY with 20 texturing machines that have an installed capacity of 13,200 MTPA. Additionally, five TFO machines with an
installed capacity of 600 MTPA are used to make Twisted Yarn. The company has invested Rs. 40.15 crore to build an integrated facility for the production of PTY in Silvassa. This company has set up a 14200 MTPA yarn texturing facility with 20 texturing machines.
India’s leading marketplaces include Delhi, Bhilwara, Erode, Salem, Coimbatore, Ichalkaranji, Malegaon, Mumbai, Bhiwandi, Surat, Ludhiana, Secunderabad, Meerut, Panipat, and Calcutta. Shekhawati’s production facilities are situated in Silvassa, close to the two main cities where texturized yarn is used, Bhiwandi and Surat.
Shekhawati IPO Details
| IPO Date | December 27, 2010 to December 29, 2010 |
| Listing Date | January 12, 2011 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 200 Shares |
| Total Issue Size | 12,000,000 shares (aggregating up to ₹36.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE, NSE |
Shekhawati IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,000 |
| Retail (Max) | 33 | 6600 | ₹198,000 |
Shekhawati Company Financials
| Particulars | 30-Sep-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 |
|---|---|---|---|---|---|---|
| Total Income | 5,996.31 | 8,951.04 | 7,751.11 | 3,396.26 | 1,788.08 | 941.80 |
| Profit After Tax (PAT) | 157.51 | 220.89 | 125.56 | 57.81 | 10.59 | 13.11 |
Objects of the Issue (Shekhawati IPO Objectives)
The objects of the issue are:
- To acquire additional new 30 Twisting Machines and install new 30 Knitting Machines;
- To acquire Corporate office at an estimated cost of Rs. 325.00 lacs;
- To meet working capital requirements,
- To meet the Issue expenses and
- To get the equity shares listed on BSE,
Shekhawati IPO Listing Details
| Listing Date | January 12, 2011 |
| BSE Script Code | 533301 |
| NSE Symbol | SPYL |
| ISIN | INE268L01020 |
| Final Issue Price | ₹30 per share |
Shekhawati Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹30.00 | ₹30.00 |
| Open | ₹32.50 | ₹50.00 |
| Low | ₹30.70 | ₹30.70 |
| High | ₹69.00 | ₹69.70 |
| Last Trade | ₹47.50 | ₹47.50 |
Shekhawati Poly-Yarn Ltd Contact Details
Shekhawati Poly-Yarn Ltd
2, Anantwadi, Vaidya Bhawan,
1st Floor, Bhuleshwar,
Mumbai: 400 002
Phone: 91-22-3256-7126
Email: [email protected]
Website: http://www.shekhawatiyarn.com
Shekhawati IPO Registrar
Sharex Dynamic (India) Pvt Ltd
Phone: +91-22 – 2851-5606
Email: [email protected]
Shekhawati IPO FAQs
Q1. What is Shekhawati IPO?
Ans. Shekhawati IPO is a main-board IPO of 12,000,000 equity shares of the face value of ₹10 aggregating up to ₹36.00 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200 Shares. The IPO opens on December 27, 2010, and closes on December 29, 2010. Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q2. When Shekhawati IPO will open?
Ans. The Shekhawati IPO opens on December 27, 2010 and closes on December 29, 2010.
Q3. What is the lot size of Shekhawati IPO?
Ans. Shekhawati IPO lot size is 200 Shares, and the minimum amount required is ₹6,000.
Q4. When is Shekhawati IPO allotment?
Ans. The finalization of Basis of Allotment for Shekhawati IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is Shekhawati IPO listing date?
Ans. The Shekhawati IPO listing date is on January 12, 2011.
