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Incorporated in 1989, Advance Syntex Ltd is engaged in manufacturing of polyester films and yarn. Information in this paragraph is copied from chittorgarh.com.The company maiinly produce Metalized Films (MF), Lacquered (Coated) Metalized Polyester Films (LMPF), glitter powder (Zari Powder) and Metallic Yarn (Polyester Badla).
It also produces slitted films, epoxy resins, and metallic fibres, as well as modified resins, which is used as raw material in manufacturing LMPF. Content in this paragraph is copied from chittorgarh.com. Advance Syntex also involved in the sale of polyester films (also known as BOPET films) and Biaxially Oriented Polypropylene Films (also known as BOPP films).
Company's products are sold under the brand name of "MIDAS" and they are mainly used in textiles, flexible packaging, lamination, printing, decorations, advertising, paints, inks, craft glue, glass bangles, synthetic leather, floor tiles, walls, cosmetics such as nail polish, eye-liner, hair gel, lipstick etc. Information in this paragraph is copied from chittorgarh.com. Its other products include Slitted Films, Metallic Fibers and Epoxy Resins. It has in-house facility for production of raw materials required to manufacture LMPF.
The promoters of the company are:
1. Mr Bhavan Dhirendra Vora
The objects of the issue are:
1. To meet Working Capital Requirement;
2. To Meet the Issue Expenses.
| IPO Opening Date | Jun 30, 2016 |
| IPO Closing Date | Jul 4, 2016 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹12 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,100,000 Eq Shares of ₹10 (aggregating up to ₹2.52 Cr) |
The Advance Syntex IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹120,000 |
| Maximum | 1 | 10000 | ₹120,000 |
| Listing Date | Tuesday, July 12, 2016 |
| BSE Script Code | 539982 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE184U01012 |
| IPO Price | ₹12 per equity share |
| Face Value | ₹10 per equity share |
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Advance Syntex Ltd
233/2 & 238/2 GIDC,
POR Ramangamdi,
Vadodara-391243
Phone: +91- 265-2831850
Email: info@midasglitter.com
Website: http://www.midasglitter.com
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website: http://www.sharexindia.com
Lead Manager Reports
Advance Syntex IPO is a SME IPO of 2,100,000 equity shares of the face value of ₹10 aggregating up to ₹2.52 Crores. The issue is priced at ₹12 per equity share. The minimum order quantity is 10000 Shares.
The IPO opens on Jun 30, 2016, and closes on Jul 4, 2016.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Advance Syntex IPO opens on Jun 30, 2016 and closes on Jul 4, 2016.
Advance Syntex IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
You can apply in Advance Syntex IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Advance Syntex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Advance Syntex IPO allotment status.
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