Shekhawati Poly Yarn IPO

Shekhawati Poly Yarn IPOLeading manufacturer of PTY (Polyester Texturised Yarn) Shekhawati Poly Yarn Ltd announced its initial public offer (IPO) open Dec 27, 2010 and would remain open for subscription till Dec 29, 2010. “SPYL” raise nearly Rs 36 crore through the initial public offering issue The price band of the issue is Rs.30 per share.

PTY mainly utilized for producing apparels i.e. shirting, suiting, zipper fastener, saris, hosiery, dress materials, knitted fabric, curtain and industrial cloth as also to produce fancy yarn for top quality dress materials as well as upholstery. PTY is received following additional processing of POY.

Shekhawati Poly Yarn Ltd has customers in Bhiwandi, Mumbai, Surat, Secunderabad, Ludhiana, Meerut, Panipat, Bhilwara, Delhi, Salem, Erode, Ichalkaranji, Coimbatore, Malegaon and Calcutta markets. Shekhawati’s production units is situated at Silvassa, that is close to Bhiwandi as well as Surat, the important consumption zones of Texturised Yarn.

Face Value; Rs.10
Tick Size;
Minimum Order Qty: 200
Market Lot: 200
Listing; NSE , BSE .

IPO Grade for SPYL

Care allocated IPO grade ‘2/5’ to the IPO of SPYL , this shows that the fundamentals of the issue are BELOW average.

nsestocktips.in view;  avoid by vm.venkatesh

Conduct details

Address: 2, Anantwadi, Vaidya Bhawan, 1st Floor, Bhuleshwar, Mumbai- 400 002.
Phone number; 91-22- 3256 7126  Fax detail;. 91-22-2875 5522
Email address; ho@shekhawatiyarn.com
Website Url; www.shekhawatiyarn.com

Book Running Lead Manager

Hem Securities Ltd are the Book Running Lead Manager for spyl

Tags;
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