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Issue Highlights
Price
Minimum Bid Lot Size : 200 Equity Share
IPO open during
Lead Manager
To list on
IPO Grading
PE
Market Cap post-listing
Market Cap of Free Float : Rs36Cr or $7.98mn
* based on FY10 EPS.
IPO of 12mn equity shares of Rs10 each, aggregating to Rs36Cr or $7.98mn (at the fixed price).
Executive Summery
· Shekhawati Poly-Yarn Limited (SPYL) started manufacturing texturised yarn with its 2 machines setup in 1995-97 (Unit 1). The company further integrated its facilities to manufacture twisted yarn by installing twisting machines (TFO).
· SPYL has currently 20 texturising machines with an installed capacity of 13,200 MTPA to produce polyester texturised yarn (PTY). It also has installed 5 twisting machine (TFO) to produce twisted yarn with installed capacity of 600 MTPA.
· SPYL identified 12 acre land at Silvassa to install 10 additional texturising machines in factory building admeasuring 55000 sq.ft. The civil construction of the factory has been completed and production with 8 new machines has been started.
· SPYL has been in the Polyester Industry for more than a decade and since incorporation has been engaged solely into the manufacture of Polyester Texturised Yarn (PTY), which is used in the process of weaving of fabric used for suiting, shirting, dress materials, etc.
· SPYL has achieved 90.75% capacity utilization in production of Twisted Yarn during the FY10.
· SPYL enjoys certain location advantages such as sales tax exemption, lower cost of power at Rs2.90 per unit at Silvassa Plant and close proximity to air/sea-ports.
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