Shekhawati Poly-yarn Limited IPO : CARE gives 2 out of 5 Grade

by khalid on 23/12/2010 · 0 comments

Shekhawati Poly-yarn Limited IPO has got 2 out of 5 by CARE (rating agency) and this rating/grading is Below Average fundamental for a Polyester Texturised Yarn & Twisted Yarn company IPO. The grade 2 indicates that the fundamentals of the IPO are Below Average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of 12,000,000 Equity Shares of Rs 10 each. The IPO is opening on 27th Dec 2010 and the shares will be available for subscription up to 29th Dec 2010. This issue is a fixed price issue. IPO price has been fixed at Rs 30 per equity share by the company. Shekhawati Poly-yarn Limited was originally incorporated on November 15 1990. The company is a leading manufacturer of Polyester Texturised Yarn & Twisted Yarn.

Issue Detail:-
Issue Open : 27th Dec 2010 – 296th Dec 2010
Issue Type : Fixed Price Issue IPO
Issue Size : 12,000,000 Equity Shares of Rs 10 each
Issue Size : Rs 36.00 Crore
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 30 Per Equity Share
Minimum Bid Quantity : 200 Shares (Rs. 6000 with 1 Lot)
Maximum Bid Quantity : 6600 Shares (Rs. 198000 with 33 Lot)
Listing At : BSE, NSE

Maximum Subscription Amount for Retail Investor : Rs. 200000

The sole Book Running Lead Manager (BRLM) to the offer is Hem Securities Limited MUMBAI.

Registrar of the Issue : Sharex Dynamic (India) Pvt. Ltd.

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