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.
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.
|Particulars||For the year/period ended (in Rs. Lacs)|
|Profit After Tax||538.61||266.94||(51.25)||0|
The Objects Of The Issue are:
1. Funding the working capital requirements of the Company
2. General corporate purposes.
»» 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 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.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||3,201,000||3,201,000||345,000||6,747,000|
|Day 1 - Apr 27, 2018 17:00 IST||0||1,167,000||3,321,000||-||4,488,000|
|Day 2 - Apr 30, 2018 17:00 IST||0||1,167,000||3,738,000||-||4,805,000|
|Day 3 - May 2, 2018 17:00 IST||0||1,461,000||12,003,000||-||13,464,000|
|Day 4 - May 3, 2018 17:00 IST||66,000||5,466,000||29,589,000||-||35,121,000|
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