Gujarat Hy-Spin IPO is all about to make its debut on Jan 25 2018 with issue size of INR 4.45 Cr
Gujarat Hy-Spin Limited, situated in Rajkot, Gujarat, was founded in 2011 and is a cotton yarn manufacturer. Beginning with the trade of cotton bales, cotton seeds, and wash oil, the company transitioned to the production of cotton yarns in 2013, mostly for the local market and third-party exports.
Cotton yarns are sold by the company to merchants, who then sell them to other industrial units for weaving and other uses. Additionally, the company supplies directly to industrial weaving units. The company’s production facility is 15381.28 square metres in size and is well-equipped with tools and equipment, including a blow room, humidification system, contamination sorter, and link connector, among others.
Industry Overview
India’s economy depends heavily on cotton since the textile sector there is so dependent on it. India is a significant producer and exporter of cotton yarn, with the sector accounting for around 5% of GDP, 14% of industrial output, and 11% of total export revenues. In addition, the sector employs more than 51 million people directly and 68 million people indirectly, including unskilled women, making it the second-largest employer after agriculture. The sector is projected to generate US$223 billion by 2021. The largest cotton-producing states in India include Gujarat, Maharashtra, Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Haryana, Rajasthan, and Punjab.
With a 5% share of the worldwide textile and apparel trade, India is now the second-largest exporter of these goods. Among other countries, the USA, China, Bangladesh, UAE, and Germany are the top importers of cotton textiles from India. Indian textiles are imported by well-known international brands and shops including Carrefour, Gap, H&M, JC Penney, Levi Strauss, Macy’s, Marks & Spencer, Metro Group, Nike, Reebok, Tommy Hilfiger, and WaI-Mart.
Gujarat Hy-Spin IPO Details
| IPO Date | Jan 25, 2018 to Jan 31, 2018 |
| Listing Date | Feb 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 |
Objects of the Issue
The goals of the offer are to sell 44,50,000 equity shares by the selling shareholders and to reap the benefits of listing the equity shares on stock exchanges.
Gujarat Hy-Spin IPO Prospectus
Company Contact Information
Gujarat Hy-Spin Limited
P. O. Box No. 22,
Gundala Road,
Gondal, Rajkot 360311
Phone: 02825-297170
Email: cs@gujarathyspin.com
Website: http://www.gujarathyspin.com/
Gujarat Hy-Spin IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Gujarat Hy-Spin IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
