Shanti Spintex Limited IPO
- IPO Date19 Dec, 2023 to 21 Dec, 2023
- Listing Date27 Dec, 2023
- Face Value₹10 per share
- Issue Price₹66 to ₹70 per share
- Lot Size2000 Shares
- Minimum Investment₹1,40,000
- Listing AtBSE SME
- Total Issue Size44,64,000 Shares
(aggregating up to ₹31.25 Cr) - Fresh Issue26,88,000 Shares
(aggregating up to ₹18.82 Cr)
- Offer for Sale17,76,000 Shares
(aggregating up to ₹12.43 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,42,00,000
- Shareholding post issue1,68,88,000
IPO Dates
Closing Date
21 Dec, 2023
Initiation of Refunds
26 Dec, 2023
Listing Date
27 Dec, 2023
19 Dec, 2023
Opening Date
22 Dec, 2023
Basis of Allotment
26 Dec, 2023
Credit of Shares
Shanti Spintex Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4000 | ₹2,80,000 |
Shanti Spintex Limited Promoter Holding
The promoters of the company are Bharat Bhushan Omprakash Agarwal and Rikin Bharatbhushan Agarwal
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 87.49% | 73.57% |
Key Performance Indicator
Shanti Spintex IPO Market Cap is Rs 118.22 Cr and P/E (x) is 9.82.
| KPI | Values |
|---|---|
| ROE | 19.81% |
| ROCE | 10.12% |
| RoNW | 18.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.82 | 7.13 |
| P/E (x) | 9.82 | 7.13 |
Shanti Spintex Limited COMPANY INFORMATION
Shanti Spintex IPO is a book built issue of Rs 31.25 crores. The issue is a combination of fresh issue of 26.88 lakh shares aggregating to Rs 18.82 crores and offer for sale of 17.76 lakh shares aggregating to Rs 12.43 crores. Shanti Spintex IPO bidding started from December 19, 2023 and ended on December 21, 2023. The allotment for Shanti Spintex IPO was finalized on Friday, December 22, 2023. Shanti Spintex IPO will be listed on BSE SME on December 27, 2023. Shanti Spintex IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000. Hem Securities Limited is the book running lead manager of the Shanti Spintex IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Shanti Spintex IPO is Hem Finlease. Refer to Shanti Spintex IPO RHP for detailed information.
Incorporated in 2010, 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
FAQs About Shanti Spintex Limited Ipo
Shanti Spintex Limited IPO will open on 19 Dec, 2023 and close on 21 Dec, 2023. Investors must apply within this period to participate.
The Shanti Spintex Limited IPO price band is set between ₹66.00 and ₹70.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹140000.00.
The Shanti Spintex Limited IPO shares are expected to be listed on 27 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Shanti Spintex Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Shanti Spintex Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.