(i) Gujarat based Shubham Polyspin Limited was incorporated in 2012. Shubham Polyspin manufactures Polypropylene Multifilament Yarn of various types i.e. Air-Intermingled yarn, Twisted Yarn & Shubhlon Bag closing yarn. These yarns are used in various fields like Geo-Textiles, Filter Cloth, In FIBC, HDPE, PP Bags as Mouth & bottom closing thread, Narrow Woven Fabrics (webbings & tapes) etc. This allows us to cater to diverse customer demands. With Their unsurpassed quality of yarns and excellent client relations, They have created Their name globally. They have received a brand acceptance within India and abroad through our exports.
(ii) The Company’s customers are large & credible industrial entities. Within 2 years, Company has developed an excellent clientele base and values every client that works with Shubham, with the aim of maintaining long & friendly relations with them.
(iii) The Company uses advanced technology & machinery producing quality yarn that conforms to international standards. Their manufacturing process is completely automated from the feeding of raw material in the machine to packaging of finished product. Thus, enhancing our production, product strength & its quality.
Promoters of Shubham Polyspin Limited Company are:
(i) Mr. Anil Devkishan Somani, aged 56 years is B.com. He is appointed as a Managing Director of the Company for 3 years w.e.f. August 04, 2018. He has a rich experience of more than 35 Years in the family Business with respect to all the aspects and facets of various functions. In Our Company, his scope of work is to handle the secretarial, legal and human resource functions in the Company.
(ii) Mr. Ankit Anil Somani, aged 29 years, holds Degree of Master of Business Administration in Finance and Investment Management from Prifysgol Cymbro University of Wales. He was appointed as Promoter Cum Director of the company at the time of Incorporation of the Company and then he is re-designated as Managing Director of the Company w.e.f August 04, 2018. He has an experience of more than 8 years in the family business with respect to production, planning and sales. He is the guiding force behind all the corporate decisions and is responsible for the entire Business operations of the Company since his appointment.
(iii) Mr. Akshay Anilbhai Somani, aged 25 years is an M.B.A. (Master of Business Administration) in Family Business Management from Nirma University by qualification. He was appointed as an Additional Director w.e.f July 10, 2018 and then he was regularized as Director w.e.f. August 04, 2018. Further, he is also appointed as Chief Financial Officer of the Company w.e.f August 11, 2018. He has an experience of 5 years in the family Business with respect to all aspects connected with Business. He has got special focus and hands-on expertise with respect to all aspects connected with the business. Before being appointed as a Director, he was handling Exports of the Company since 2014. Further, he is also currently handling other Group Company(s), i.e. Shubham Texplast Private Limited and Sparebiz Enterprises Private Limited being a Director.
Financials of Shubham Polyspin Limited IPO:
For the year/period ended (in Rs Lacs)
Profit After Tax
Recommendation on Shubham Polyspin Limited IPO:
Review and Recommendation of Shubham Polyspin Limited IPO from IZ team are 3/10.
[ The P/E multiple valuations are comfortable. The issue size is of only 6 Cr.However, due to the recent debacle happened after the listing of Akshar Spintex and Lagnam has ruined the confidence of Investors in this sector.]