Shubham Polyspin IPO Review (Date, Price, Prospectus)

Shubham Polyspin IPO Review

Shubham Polyspin is engaged in the manufacturing of polypropylene multifilament yarn of various types. It is a Gujarat based company. In this article, you will get a guidance regarding Shubham Polyspin IPO Review. So, let’s begin.

Shubham Polyspin IPO Review Issue Details :

  • IPO Opens on – September 28, 2018.
  • IPO Closes on – October 04, 2018.
  • Issue Type – Fixed Price Issue IPO.
  • Face Value – Rs.10 per Equity Share.
  • Issue Price – Rs. 40 Per Equity Share.
  • Min Order Quantity – 3000 Shares.
  • Market Lot – 3000 Shares.
  • Issue Size – 1,500,000 Equity Shares of Rs. 10 aggregating up to Rs. 6.00 Cr.
  • Listing Exchange At – BSE SME Exchange.
  • Draft Prospectus – Click Here.

Objectives of the issue of the Company :

  • Modernizations of Plant and Machineries, Building and Electrification are the main objects for the issue of this company.
  • Working capital requirements of Shubham Polyspin.
  • This company’s one of the object is the general corporate purpose.
  • Developing new products of Shubham Polyspin.
  • Public expenses of issue of this company.

About The Company –

  • Shubham Polyspin is incorporated in 2012.
  • The yarn of Shubham Polyspin’s produced from this company are used in various fields like Geo-Textiles, Filter Cloth, HDPE, In FIBC, PP Bags, Narrow Woven Fabrics.
  • This company introduces one of the leading manufacturers and exporters of PP multifilament yarn with a yearly capacity of 2400 MT.
  • Shubham Polyspin provides the best quality high tenacity industrial yarn.
  • This company is glad to introduce their latest product Polypropylene Webbings and Narrow Woven Fabrics with a yearly production capacity of 1200 MT.
  • The principle of Shubham Polyspin is “Quality First, Service First” and the aim of this company to introduce many value-added products.
  • This company’s manufacturing facility is located at Mehsana, Gujarat.
  • Shubham Polyspin has 31 employees on its payroll.

Shubham Polyspin Limited

Products of Shubham Polyspin :

  • Polypropylene Multifilament Yarn (TWISTED AND AIR INTERMINGLED YARN) :

Polypropylene multifilament yarns are used for making various sizes of rope which have more strength and abrasion, resistant for general use. Advantages are –

  1. The main advantage is high breaking load quality of this product.
  2. Colorfastness of this yarns.
  3. This is customized as per customer requirement.
  4. The air-intermingled yarn is safe to use.
  5. This is UV protected product.
  6. Chemical, rot and mildew resistance are available in this.
  7. Smooth running on manual and automatic machines of this yarn.
  8. Increase in packaging efficiency of this products.
  9. One of the advantages of this is cost-effective stitching.
  10. This product can replace nylon or polyester.
  • Shubhlon bag closing threads :

Shubham Polyspin Limited offers bag closing threads/industrial thread with their trademark product “SHUBHLON”. The advantages of this shubhlon bag closing threads are same as polypropylene multifilament yarns.

  • PP Webbings and Narrow Woven Fabrics :

PP Yarns of Shubham Polyspin are closely knit to form Narrow Woven fabrics. This yarns webbing is a strong, narrow, fabric woven closely as a flat strip or tube of varying width and fibers often used in place of rope. This company manufactures PP Webbings and Narrow Woven Fabrics. These products are using advanced and cutting-edge technology to deliver superior quality products to their clients. PP Webbings are made from finest quality of PP Multifilament yarn manufactured in-house hence made from 100% virgin material providing this company an edge to deliver good quality material to their customers.

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Name of the top Shareholders of Shubham Polyspin :

  • Mr. Anil Somani.
  • Mr. Ankit Anil Somani.
  • Mr. Akshay Anil Somani.
  • Mrs. Pooja Ankit Somani.
  • Mr. Nitin Somani.
  • Mrs. Preeti Nitin Somani.
  • Mr. Abhay Somani.
  • Lawa Marketing Private Limited.
  • Bluerose Sales Private Limited.
  • Crystal Delmark Private Limited.
  • Circular Tie up Private Limited.

Location :

Shubham Polyspin Limited :

Block No. 748, Saket Industrial Estate,
Near Kaneriya Oil Mill,
Jetpura Basantpura Road,
Borisana, Taluka – Kadi,
District – Mehsana 382728.

Landline : +91 704 312 4999 / +91 704 312 5999.

Mobile : +91 9998 556 554 / +91 9898 849 274.

The promoter of Shubham Polyspin :

  • Mr. Anil Devkishan Somani, aged 56 years, is the Promoter and Managing Director of this company.
  • Mr. Ankit Anil Somani, aged 29 years, is the Promoter and Managing Director of this company.
  • Mr. Akshay Anilbhai Somani, aged 25 years, is Non-Executive Director Cum Promoter of this company.

The Board of Directors of this company :

  • Mr. Anil Devkishan Somani, aged 56 years, is the Promoter and Managing Director of this company.
  • Mr. Ankit Anil Somani, aged 29 years, is the Promoter and Managing Director of this company.
  • Mr. Akshay Anilbhai Somani, aged 25 years, is the Additional Director and Chief Financial Officer of this company.
  • Mr. Kush Prafulbhai Kalaria, aged 29 Years, is an Independent Director of this company.
  • Mrs. Radhika Anand Chandak, aged 26 Years, is a Woman Independent Director of this company.
  • Dr. Urva Pragnesh Patel, aged 25 Years, is an Independent Director of this company.

Competitive Strengths of Shubham Polyspin :

  • The competitive strengths are the location of the factory of manufacturing unit and installed capacity.
  • Optimal utilization of resources of Shubham Polyspin.
  • Management and employee expertise of this company.
  • One of the strength is quality assurance of Shubham Polyspin.

Business Strategies for this company :

  • To continues to increase the installed capacity of Shubham Polyspin.
  • To increase brand visibility of this company.
  • Enhancing the customer base of Shubham Polyspin Limited.

Company Financials :

This section is vital for making Shubham Polyspin IPO Review.

Shubham Polyspin IPO

Shubham Polyspin IPO Review :

The prospectus of the company shows the past five years financial performance of the company from 2014 to 2018. In the 2017-18 fiscal year, the performance of the company was quite good. The profit is 148.15 lakhs. Let’s see what the prospectus (draft red herring prospectus) says. At the end of 2018, Earnings Per Share is 3.69 (as per basics and diluted data). Price to Earnings ratio as per the year 2017-18 which is based on the basic and diluted EPS stands at 3.69. RoNW and NAV/Share are 24.03 and 14.07 in the year 2017-18. According to the data, Shubham Polyspin IPO Review is NEUTRAL. This is a proper investment option for a long-term view. Traders are advised to invest for a long-term perspective.

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