Issue Price: Rs. 30 Per Equity Share


Issue Detail:
Issue Open: Dec 27, 2010 - Dec 29, 2010
Issue Type: Fixed Price Issue IPO
Issue Size: Rs. 36.00 Crore
Face Value: Rs. 10 Per Equity Share
Market Lot: 200 Shares

Objects of the Issue:
The objects of the Issue are:
1. To acquire additional new 30 Twisting Machines and installation of new 30 Knitting Machines;
2. To acquire Corporate office at an estimated cost of Rs. 325.00 lacs;
3. To meet working capital requirements;
4. To meet the Issue expenses

Incorporated in 1990, Shekhawati Poly-Yarn Ltd is a leading manufacturer of Polyester Texturised Yarn & Twisted Yarn.

Polyester Texturised Yarn (PTY) mainly used for manufacturing apparels i.e. suiting, shirting, dress materials, saris, hosiery, knitted fabric, zipper fastener, curtain & industrial cloth as also to manufacture fancy yarn for high value dress materials and upholstery. Polyester Texturised Yarn is obtained after further processing of POY.

Presently, Shekhawati has 20 Texturising Machines with an installed capacity of 13,200 MTPA to produce PTY. It also has installed 5 TFO machines to produce Twisted Yarn with installed capacity of 600 MTPA. Company has implemented an integrated facility at Silvassa for manufacturing PTY with a total project cost of Rs. 40.15 Crores. Under this Company has established Yarn Texturising Facility of 14200 MTPA with 20 Texturising Machines.

SPYL has client base in Mumbai, Bhiwandi, Surat, Ludhiana, Secunderabad, Meerut, Panipat, Delhi, Bhilwara, Erode, Salem, Coimbatore, Ichalkaranji, Malegaon and Calcutta markets. Shekhawati's manufacturing units is located at Silvassa, which is near to Bhiwandi and Surat, the major consumption centres of Texturised Yarn.

Company Promoters:
Mr. Mukesh Ruia and Mr. Ramniranjan Ruia are the promoter of the company.