Shekhawati Poly-Yarn IPO | Dec 27 – 29 | Price Band Rs. 30
Textile firm Shekhawati Poly-Yarn is entering capital market with its initial public offer (IPO) of 1.2 crore equity shares on December 27. The company aims to raise Rs 36 crore through IPO at fixed price of Rs 30 a share.
The issue will constitute 54.54% of the fully diluted post issue equity share capital of the company.
Shekhawati is presently engaged in manufacturing of texturised and twisted yarn. Now it proposes to commence manufacturing of Knitted Fabric from Texturised Yarn, being one of the objects of the proposed public issue.
Issue proceeds are proposed to be used for buying new 30 twisting machines and installation of new 30 knitting machines; buying corporate office at an estimated cost of Rs 325 lakh and working capital requirements.
After this expansion, the company will have 35 machines for twisting yarn with capacity of 4,620 MTPA, 30 machines for knitting yarn with 1,980 MTPA and 20 for texturising yean with capacity of 27,400 MTPA.
Hem Securities Limited is the book running lead manager to issue.
Shekhawati Poly-Yarn IPO Allotment Status
Hem Securities Limited is the book running lead manager to issue. Sharex Dynamic (India) Pvt Ltd is the Registrar for the issue.
Registrar Email info@sharexindia.com
Registrar Website www.sharexindia.com
Registrar Phone + 91 – 22 – 2851 288
Check IPO Allotment Below
Shekhawati Poly-Yarn IPO Allotment Status
Shekhawati Poly-Yarn IPO Listing Date
Shekhawati Poly-Yarn is launching is entering capital market with its initial public offer (IPO) of 12 million equity shares on Dec. 27. The company aims to raise Rs 360 million via public issue at fixed price of Rs 30 a share. Hem Securities is helping the company in the fund raising process.
Open Date 27-Dec-2010
Close Date 29-Dec-2010
Allotment Date 08-Jan-2010 (Expected)
Refund Date 09-Jan-2010 (Expected)
Listing Date 10- 13 Jan-2010 (Expected)
Shekhawati Poly-Yarn IPO greymarket price, premium, rates, graymarket, gray market, grey market
Greymarket trade has been started in Shekhawati Poly-Yarn IPO. It has started with good ipo premium i.e. Rs. 5 to 8.
Date : Dec 24, 2010 : Greymarket Rate : Rs. 5 to 8
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