Shubham Polyspin Limited IPO

Shubham Polyspin Limited

Issue Open

Sep 28, 2018

Price Band

₹ 40

Issue Size

₹ 6.00 Cr

Credit of Shares to Demat

-

Issue Close

Oct 04, 2018

Bid Lot

3000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

3000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 12, 2018

Refunds

-

About the company:

Subham Polyspin Limited is engaged in the business of producing the fine quality of Polypropylene Multifilament yarn. The Overall production of the company is 250/MT.

Date of Incorporation: The company was incorporated as ‘Shubham Polyspin Private Limited’ on 12th March 2012 at Ahmedabad. It was subsequently converted to the public limited company ‘Shubham Polyspin Limited’ on 24th July 2018.

Promoters of Subham Polyspin Limited: Mr Anil Somani, Mr Ankit Somani, and Mr Akshay Somani are the promoters of Subham Polyspin Limited.

Products and Services Offering: The company produces a variety of Multifilament yarns under its brand name ‘Shublon’ that consists of:

- Polypropylene Multifilament Yarn (Twisted and air intermingled yarn)

- Shubhlon Bag Closing Threads

- PP Webbings & Narrow Woven Fabrics

Customer Segments: The company has its Domestic Clientele spread across the states of Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra. While its Internation Clientele is spread across the countries including Belgium, Uganda, Zimbabwe, Africa, Turkey, Nigeria, Tanzania, and Madagascar.

Objectives of Subham Polyspin Limited IPO: The core objectives of Subham Polyspin Limited IPO are:

- Modernization of Plant and Machineries, Building and Electrification.

- Working Capital Needs

- General Corporate Expenses

- Public Issue Expenses

- Expanding New Products

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


31-Mar-18

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

Total Assets

1,783.70

2,029.45

1,447.05

789.88

758.51

Total Revenue

2,827.00

1,771.19

1,540.45

1,345.57

626.13

Profit After Tax

148.15

21.58

24.81

20.47

2.18

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