About the Company:
Shubham Polyspin Ltd (incorporated in 2012 in Ahmedabad, Gujarat) is engaged in HDPE/PP woven polybags.
Company sells its products to customers in nearby states like Rajasthan, Madhya Pradesh & Maharashtra and also ventured in Export Markets.
They also manufacture on Job Work basis and get their products manufactured on Job Work basis.
With a monthly production capacity of 200 MT, the promoters are also focussing to penetrate in countries like Belgium, Uganda, Zimbabwe, Africa, Poland, Italy, Turkey, Katar, Srilanka, Bangladesh, Tanzania, Nigeria, Madagascar and Kenya.
The products of the company were well received in export markets and recently the company purchased 5th machine having installed capacity of 50 MT/per month. The said machine was fully operational from July, 2018 and currently the total combined capacity of the company is 250 MT/per month.
Company’s Products:
- Polypropylene multifilament yarn (twisted and air intermingled yarn)
- Shubhlon bag closing threads
- PP webbings & narrow woven fabrics
Continues to increase the Installed Capacity.
Due to increase in demand of their product,in the F.Y. 2014-15, company had increased the installed capacity upto 100 MT/per month. Later on during FY 2016-18, they have increase their installed capacity upto 200 MT/per month.
In the current financial year 2018-19, they have increase the installed capacity upto 250 MT/per month.
Proposed Capacity Utilization: (in Metric Ton/Per Annum)
Management Team:
- Mr. Anil Devkishan Somani (Designation: Chairman and Managing Director)
- Mr. Ankit Anil Somani (Designation: Managing Director)
- Mr. Akshay Anilbhai Somani (Designation: Non-Executive Director and CFO)
Objectives of the Issue:
- Modernizations of Plant and Machineries, Building and Electrification.
- Working Capital Requirements.
- General Corporate Purpose;
- Developing of New Products.
- Public Issue Expenses.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 6.26 | 13.54 | 15.40 | 17.71 | 28.27 |
| Net Profit | 0.02 | 0.20 | 0.24 | 0.21 | 1.48 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Shubham Polyspin Ltd | 10 | 3.69 | 10.84 | 24.03% | 15.37 |
| Garware Technical Fibres Ltd | 10 | 48.04 | 26.00 | 19.62% | 244.82 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 28th September 2018 |
| Issue Closes on:. | 4th October 2018 |
| Issue Price | Rs.40 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 Shares |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 27.22% |
| Issue Size | Rs.6.00 cr |
| Market Cap | Rs.22.04 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 15,00,000 |
| Equity Shares Prior to the Issue | 40,10,000 |
| Equity Shares after the Issue | 55,10,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 3.69 | 10.84% | 24.03% | 15.37 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
|---|
| Shubham Polyspin Ltd Block No. 748, Saket Industrial Estate, Nr. Kaneria Oil Mill, Jetpura- Basantpura Road, Village Borisana Taluka Kadi Mahesana – 382 728, Gujarat, India Telephone No.: +917043124999, +917043125999 E-Mail: compliance@shubhamgrp.co Web site: sppl.shubhamgrp.co |
| IPO Registrar Info: |
|---|
| LINE INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra Tel. Number: +91 22 4918 6200; Fax Number: +91 22 4918 6195 Email Id: shubham.ipo@linkintime.co.in Investors Grievance Id: shubham.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| BEELINE BROKING LIMITED Office No. 1 To 3,Vishwa Complex, First Floor, Opp. Jain Derasar, Navrangpura, Ahmedabad – 380 009 Telephone Number: +91 79 6666 4007 Email Id: mb@beelinebroking.com Investors Grievance Id: ig@beelinebroking.com Website: www.beelinebroking.com |
