About the Company:
Gujarat Hy-Spin is engaged in manufacturing of cotton yarns.Company had started with trading (including trading of products jobworked) of Cotton Bales,Cotton Seeds and Wash Oil and has now graduated to manufacturing of cotton yarns mainly in domestic market and third party exports to some extent.
Company is promoted by Maganlal Parvadiya and Chandulal Parvadia. They are in the field of cotton ginning and pressing since last two decades.
Company’s Promoters were cotton farmers and started activity of cotton ginning, pressing and oil in a partnership firm. With their knowledge in varieties of cotton, the promoters and have helped to achieve a turnover of over Rs. 50 Crores in a very short span since incorporation.
Company forayed into manufacturing of ring yarns in the year 2013.Currently they sell cotton yarns to the traders who further sell it to other Industrial units for weaving and other purposes.They also sell directly to Industrial units for weaving purpose.
Currently company has major presence in state of Gujarat and Maharashtra. Through their marketing executives Company desires to expand geographical presence and thereby increase the customer base.
Company’s Capacity Utilization:
- Mr.Maganlal Parvadiya (Designation: Chairman and Whole Time Director)
- Mr.Chandulal Parvadia (Designation: Whole Time Director)
- Mr.Kaushik Dave (Designation: Managing Director)
Promoters Average Acquisition Cost:
|Name of the Promoter||No. of Shares held||Average Acquisition Cost (in Rs.)|
Promoters Stake Pre & Post Issue:
|Shareholder Name||Pre Issue Stake (%)||Post Issue Stake(%)|
|Promoter Group Entities||36.38%||36.38%|
Objectives of the Issue:
Offer for Sale: (Around Rs.4.45 crores)
- Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders.
Financials of the Company:
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17||30th June 17|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Gujarat Hy-Spin Limited||10||0.09||114.42||0.81%||10.77|
|Sambandam Spinning Mills Ltd||10||19.09||8.18||9.77||195.33|
|Shiva Texyarn Ltd||10||9.33||43.93||11.26||82.89|
|Kallam Spinning Mills Ltd||2||3.71||6.25||8.58||43.19|
|Nitin Spinners Limited||10||12.47||8.80||22.31||55.89|
|Issue Opens on||25th January 2018|
|Issue Closes on:.||31st January 2018|
|Issue Size||Rs.4.45 cr|
|Market Cap||Rs.16.75 cr|
|Listing at||BSE SME|
|Total Equity Shares Offered (OFS)||44,50,000|
|Equity Shares Prior to the Issue||1,67,50,000|
|Equity Shares after the issue||1,67,50,000|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
Markets Guruji Opinion:
|IPO View||Apply For:||Expected listing Gain:|
|Company Contact Info:|
|Gujarat Hy-Spin Limited
P. O. Box No. 22,
Gundala Road, Gondal,
Tel No.: 02825-297170
Fax No.: Not Available
|IPO Registrar Info:|
|BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building Opp Vasant Oasis,
Makwana Road Marol, Andheri East Mumbai-400059,
Tel: +91 22 62638200
;Fax: +91 22 62638299
Grievance Id: firstname.lastname@example.org
|Lead Manager to the Issue:|
|PANTOMATH CAPITAL ADVISORS PRIVATE Ltd
406-408, Keshva Premises, Behind Family Court,
Bandra Kurla Complex,Bandra East,
Mumbai – 400051, Maharashtra, India.
Tel: +91-22 6194 6700