Shekhawati Poly-yarn Limited IPO : Listing on 12th Jan 2011

by khalid on 11/01/2011 · 0 comments

Shekhawati Poly-yarn Limited has informed the share market (BSE/NSE) that the shares of its recent IPO will list on 12th Jan 2011. The IPO was open between 27th Dec 2010 to 29th Dec 2010. Its a fixed price issue of Rs 10.00 per share with a premium at Rs 20 per equity share i.e. Rs 30 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs Rs. 36.00 Crore. 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 – 29th 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

The proceeds of the public issue are proposed to be utilized to acquire additional new 30 Twisting Machines and installation of new 30 Knitting Machines, to acquire Corporate office at an estimated cost of Rs. 325.00 lacs, to meet working capital requirements, to meet the Issue expenses.

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

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

Stay tuned to BelltheBull Blog for more on Shekhawati Poly-yarn Limited IPO!

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