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Akshar Spintex Limited IPO (Akshar Spintex IPO) Detail

Apr 27, 2018 - May 3, 2018

Incorporated in 2013, Gujarat based Akshar Spintex Limited is a company engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn.

The manufacturing facility of the Company is situated in the vicinity of the rich cotton growing areas of Gujarat. The company has installed capacity of total 24,480 spindles.

The company has 216 employees on its payroll.

Company Promoters:

The Promoters of Company are Ashok Bhalala, Amit Gadhiya, Harikrishna Chauhan and Rekhaben Chauhan. The promoters hold, in aggregate 65,00,100 Equity Shares representing 27.08% of the pre-issue paid up Capital of the Company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 8218.88 7487.82 7029.73 2479.56
Total Revenue 9038.94 5984.38 1561.73 0
Profit After Tax 538.61 266.94 (51.25) 0

Objects of the Issue:

The Objects Of The Issue are:

1. Funding the working capital requirements of the Company
2. General corporate purposes.

Issue Detail:

  »»  Issue Open: Apr 27, 2018 - May 3, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 6,747,000 Equity Shares of Rs 10 aggregating up to Rs 26.99 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 40 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: BSE SME

Akshar Spintex IPO Reviews / Recommendations:

Dilip Davda - Subscribe for Long Term

 

Akshar Spintex IPO Subscription Status / Live Bidding Status

Akshar Spintex IPO Subscription Status tells if Akshar Spintex IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Akshar Spintex IPO oversubscribed if bids are received for more shares than what is offered by the company.

Akshar Spintex IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved03,201,0003,201,000345,0006,747,000
Day 1 - Apr 27, 2018 17:00 IST01,167,0003,321,000-4,488,000
Day 2 - Apr 30, 2018 17:00 IST01,167,0003,738,000-4,805,000
Day 3 - May 2, 2018 17:00 IST01,461,00012,003,000-13,464,000
Day 4 - May 3, 2018 17:00 IST66,0005,466,00029,589,000-35,121,000

Akshar Spintex IPO Prospectus

Akshar Spintex IPO Rating

144
4.0
Rating:Rated 4.0 stars

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Akshar Spintex IPO Listing Date

  •   ›  Listing Date: Friday, May 11, 2018
  •   ›  BSE Script Code: 541303
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE256Z01017
  •   ›  Issue Price: Rs 40 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Akshar Spintex IPO News Alerts

  1. Friday, May 11, 2018 12:00:00 AM
    Akshar Spintex IPO Listing Date & Info
  2. Tuesday, May 8, 2018 12:00:00 AM
    Akshar Spintex IPO Allotment Status
  3. Thursday, May 3, 2018 12:00:00 AM
    Akshar Spintex IPO Closes on May 3, 2018
  4. Friday, April 27, 2018 12:00:00 AM
    Akshar Spintex IPO Opens on Apr 27, 2018

Company Contact Information

Akshar Spintex Limited
Revenue Survey No. 102/2, Paiki, Plot No. 2,
Village - Haripar, Ranuja Road,
Tal - Kalavad, Jamnagar - 361013
Phone: +9198252 13622
Fax:
Email: admin@aksharspintex.in
Website: http://www.aksharspintex.in

Akshar Spintex IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Akshar Spintex IPO Lead Manager(s)

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Akshar Spintex IPO Review / Comments

avatar
99. smallTimeInvestor  May 27, 2018 12:29:45 AM IST I Like It. 1 | Report Abuse Reply
Going down every day.. now circuit is 20%. Hope it rebounds back.
avatar
99.1. AshishMane  May 28, 2018 1:01:12 AM IST I Like It. | Report Abuse
Hopefully it will rebound back!!
avatar
98. smallTimeInvestor  May 16, 2018 8:56:47 PM IST I Like It. 2 | Report Abuse Reply
Traded quantity is 7.23 lakhs. Still in lower circuit. Does this someone is accumulating this in lower price?

Can someone experienced in forum explain, what this indicates and what is the future of this company?
avatar
98.2. smallTimeInvestor  May 17, 2018 11:52:06 PM IST I Like It. | Report Abuse
Thanks johny,
How is future of this company? Should this turn around?
I see two bulk buy deals:
16 May 2018      OSCAR FABRIC YARN      P      189000      34.35
15 May 2018      RASILABEN CHATURBHAI SORATHIYA      P      138000      35.63
avatar
98.3. Johny  May 18, 2018 5:31:45 PM IST I Like It. 1 | Report Abuse
Regarding the future of the company, I cannot comment as neither I am expert nor have studied the company. I normally follow Davda Sir's recommendations who has advised to invest for long term.
As for bulk deals nothing unusual about it. Most of the SMEs have similar kind of bulk deals.
It has closed in UC today which is good news.
Regarding it listing at discount and falling subsequently, I think it was just to punish the S2 guys.
avatar
97. mittaldatt  May 17, 2018 12:18:57 PM IST I Like It. | Report Abuse Reply
Yes wait for 1 year
avatar
96. mittaldatt  May 17, 2018 1:26:59 AM IST I Like It. 2 | Report Abuse Reply
Pure gambaling
avatar
96.1. smallTimeInvestor  May 17, 2018 12:17:43 PM IST I Like It. | Report Abuse
Are you still holding 3 lots? Today again lc.
avatar
95. mittaldatt  May 16, 2018 4:11:34 PM IST I Like It. | Report Abuse Reply
Lets hope for best tomorrow
avatar
94. ronak tilva  May 16, 2018 3:06:49 PM IST I Like It. | Report Abuse Reply
Lc with very less volume so once market stable it will grow automatically
avatar
93. ronak tilva  May 16, 2018 2:41:57 PM IST I Like It. | Report Abuse Reply
I m positive on this stock. Now no more selling presure here so m not vary.
avatar
92. mittaldatt  May 16, 2018 2:07:39 PM IST I Like It. | Report Abuse Reply
Ronakbhai what is yu view
avatar
91. mittaldatt  May 16, 2018 9:46:44 AM IST I Like It. | Report Abuse Reply
Again come on same level no volum
avatar
90. ronak tilva  May 15, 2018 1:05:17 PM IST I Like It. | Report Abuse Reply
yes it can recover from here. 5.58 lac shares traded
avatar
90.2. Johny  May 15, 2018 2:43:45 PM IST I Like It. 1 | Report Abuse
May be what you looked at was last traded quantity. From the link you shared

TTQ(Lakh)      9.09
avatar
90.3. smallTimeInvestor  May 15, 2018 3:49:51 PM IST I Like It. | Report Abuse
Thanks Johny. It is trading atleast upwards. Hope it reaches Issue Price and hopefully give some gains also.
avatar
89. ronak tilva  May 15, 2018 3:45:56 PM IST I Like It. | Report Abuse Reply
Now wait for few days for gain profit
avatar
88. mittaldatt  May 15, 2018 12:32:09 PM IST I Like It. 2 | Report Abuse Reply
Today to much volume i think its reverse today around 2 pm
avatar
88.1. Small Investor  May 15, 2018 3:05:39 PM IST I Like It. | Report Abuse
tushy great ho sir
avatar
87. mittaldatt  May 15, 2018 3:03:43 PM IST I Like It. | Report Abuse Reply
Now what to do
avatar
86. ronak tilva  May 15, 2018 2:58:08 PM IST I Like It. | Report Abuse Reply
Yuppy.....
avatar
85. mittaldatt  May 15, 2018 2:56:14 PM IST I Like It. | Report Abuse Reply
Treading start
avatar
84. ronak tilva  May 15, 2018 2:50:48 PM IST I Like It. | Report Abuse Reply
Soon out from lc....
avatar
83. smallTimeInvestor  May 15, 2018 12:25:29 PM IST I Like It. | Report Abuse Reply
Flopshow by Panthomath. My bad luck. First time got 1 lot and losing lot of money!! I hope it rebounds and I recover some amount for my investment.
@Umang sir: Do you think this company has future prospects? Should I hold or book loss when i get chance to sell?
Also if there is 100% delivery, who is buying this share? Is Panthomath/big investors are buying?
avatar
82. ankur garg  May 15, 2018 11:19:31 AM IST I Like It. 1 | Report Abuse Reply
my tweet regarding akshar spintex scam

@pantomath_group @varinder_bansal @CNBCBajar @mahavirlunawat akshar ipo distroy pantomath brand,the only reason to apply is pantomath track record 3 L.C where your study . very big cheater how survive in
pms@PantomathAmc ,call farzi pramoter in know your company
please retweet it (@ankur_nivesh)
avatar
82.1. Umang and his ultrasonic uproar  May 15, 2018 11:33:56 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Ankur,
Even how cautious you are, you will catch one snake in a year in sme segment.
Even I got surprised when I see 3 consecutive L. C. where Pantomath as L. M.
I don't think this L. C. will stop until 2 to 3 trading session more.


Dicl::: I haven't applied in any SME after sarveshwar flop show.
avatar
81. ronak tilva  May 15, 2018 9:55:33 AM IST I Like It. | Report Abuse Reply
i will not sell my 1 lot of akshar. because there is no negative things of this stock. i believe it will above ipo price soon. i am 100 % sure.
avatar
80. mittaldatt  May 15, 2018 9:49:33 AM IST I Like It. | Report Abuse Reply
Ronak bhai what is yu view
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