Shanti Spintex Limited IPO
BSE SMEListed On: Dec 27, 2023 at ₹ 76.0
₹ 280000 /4000 Shares
*Min Investment
19 Dec, 2023
Open Date21 Dec, 2023
Close Date22 Dec, 2023
Allotment Date27 Dec, 2023
Listing DateShanti Spintex Limited IPO Issue Details
- Issue Price ₹66-70 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 4,464,000 shares(aggregating up to ₹31.25 Cr)
- Listing at BSE SME
- List Price 76.0
- Listing Date 2023-12-27
- Lead Manager Hem Securities Limited
- Registrar Kfin Technologies Limited
Shanti Spintex Limited IPO Details
- Retail Portion 35%
Shanti Spintex Limited IPO Details
Shanti Spintex Limited IPO is an SME IPO, priced at ₹66-70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Dec 19, 2023 to Dec 21, 2023. The allotment is expected to be finalized on Dec 22, 2023, and the tentative listing date is Dec 27, 2023.
The registrar of the IPO is Kfin Technologies Limited, and
Shanti Spintex Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 848,000 / 636,000 | 1,484,000 | 2,968,000 |
Day 1 19-12-23 06:00 PM | 2.08 / 2.75 x | 1.84 x | 2.11 x |
Day 2 20-12-23 06:00 PM | 4.49 / 5.66 x | 6.19 x | 5.59 x |
Day 3 21-12-23 06:00 PM | 14.34 / 42.62 x | 22.01 x | 25.53 x |
Shanti Spintex Limited Valuations
Shanti Spintex Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 17,588.33 | 13,631.33 | 11,926.82 |
| Revenue | 37,071.27 | 25,526.51 | 11,293.73 |
| Profit After Tax | 1,012.81 | 486.59 | 337.53 |
About Shanti Spintex Limited Company
Shanti Spintex Limited manufactures and sells denim fabrics.
Shanti Spintex manufactures power stretch spandex denim, knit denim, lightweight denim, rigid denim, overdyed denim and flat-finished 3/1 denim. These fabrics are available in various shades such as Indigo Blue, IBST, Sulfur Black, Sulfur Gray, Halogen Blue and Ecru with weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths from 62' (157 cm) to 78' (198 cm).
The company also produces gray fabrics in a variety of weaves including twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave.
The company's manufacturing facility is located in Ahmedabad, Gujrat, and is spread over an area of 8660 square meters. The facility has 96 airjet weaving machines with a weaving capacity of 1,92,72,000 meters of denim fabric
Shanti Spintex Limited - Promoter(s)
Bharat Bhushan Omprakash Agarwal
Rikin Bharatbhushan Agarwal
Pre Issue Share Holding : 87.49%
Post Issue Share Holding : 73.57%
Shanti Spintex Limited IPO - Issue Objectives
To meet Working Capital requirements
General Corporate Purposes.
Shanti Spintex Limited IPO - FAQs
Ans. Shanti Spintex Limited IPO is a SME IPO. The issue is priced at ₹66-70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Dec 19, 2023, and closes on Dec 21, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Shanti Spintex Limited IPO opens on Dec 19, 2023 and closes on Dec 21, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Shanti Spintex Limited IPO is 4,464,000 shares(aggregating up to ₹31.25 Cr).
Ans. The Shanti Spintex Limited IPO price band is set between ₹66-70 per equity share.
Ans. To apply for Shanti Spintex Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Shanti Spintex Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Shanti Spintex Limited IPO is Dec 22, 2023.
Ans. The Shanti Spintex Limited IPO will be listed on Dec 27, 2023.
Ans. Follow the steps to check the Shanti Spintex Limited IPO allotment status online.
