Introduction: Gujarat Hy-Spin Limited is involved in the business of trading of cotton bales, cotton seeds and wash oil. Of late it has started manufacturing of cotton yarns predominantly for domestic market and third party exports.
Company’s promoters were cotton farmers and started activity of cotton ginning, pressing and oil in a partnership firm.
Substantial knowledge of the promoters regarding cotton business have facilitated the company to achieve a turnover of 50 crores in a very short span of time.
Date of Establishment : Company was established in the year 1994 and is based out of Rajkot, India
Product & Service Offering : Cotton bales, cotton seeds, wash oil and cotton yarn are the key product offerings by the company
Customer Segment: Company has both direct and indirect customers.
In indirect trading company sells cotton yarns to the traders who further sell it to other Industrial units.
What is IPO (Initial Public Offering) in Hindi ?
In direct trading company sells its products directly to Industrial units for weaving activities.
Promoters of Gujarat Hy-Spin Limited : Company is promoted by Maganlal Parvadiya and Chandulal Parvadia. Promoters hold 92,30,660 Equity Shares(representing 55.11% of the pre-offer Paid up share capital of the Company)
Objects of the Issue: The key objective of the issue is to leverage the benefits which can be garnered by listing the Equity Shares on the Stock Exchanges and for selling 44,50,000 Equity shares to Shareholders.
Summary of financial Information (Consolidated)
For the year/period ended (in Rs.
Profit After Tax