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Advance Syntex Ltd IPO (Advance Syntex IPO) Detail

Jun 30, 2016 - Jul 4, 2016

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.

Company Promoters:

The promoters of the company are:

1. Mr Bhavan Dhirendra Vora

Objects of the Issue:

The objects of the issue are:

1. To meet Working Capital Requirement;
2. To Meet the Issue Expenses.

Advance Syntex IPO Details

IPO DateJun 30, 2016 - Jul 4, 2016
Issue TypeFixed Price Issue IPO
Issue Size2,100,000 Eq Shares of ₹10
(aggregating up to ₹2.52 Cr)
Face Value₹10 Per Equity Share
IPO Price₹12 Per Equity Share
Market Lot10000 Shares
Min Order Quantity10000 Shares
Listing AtBSE SME

Advance Syntex IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Advance Syntex IPO Prospectus

Advance Syntex IPO Rating

Rating:Rated 4.2 stars

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Advance Syntex IPO Listing Date

Listing DateTuesday, July 12, 2016
BSE Script Code539982
NSE Symbol
Listing InM
IPO Price₹12 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade

Advance Syntex IPO Reviews / Ratings

Company Contact Information

Advance Syntex Ltd
233/2 & 238/2 GIDC,
POR Ramangamdi,

Phone: +91- 265-2831850
Email: info@midasglitter.com
Website: http://www.midasglitter.com

Advance Syntex IPO Registrar

Sharex Dynamic (India) Pvt Ltd
   Unit 1, Luthra Ind. Premises,
   Safed Pool, Andheri - Kurla Road,
   Andheri (East), Mumbai - 400 072

Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website: http://www.sharexindia.com

Advance Syntex IPO FAQs

  1. 1. What is Advance Syntex IPO?

    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 price of the IPO is ₹12 Per Equity Share. The minimum order quantity is 10000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Advance Syntex IPO will open?

    The Advance Syntex IPO opens on Jun 30, 2016 and closes on Jul 4, 2016.

  3. 3. How to apply for Advance Syntex IPO?

    Advance Syntex IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Advance Syntex IPO allotment?

    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.

  5. 5. When is Advance Syntex IPO listing date?

    The Advance Syntex IPO listing date is on Tuesday, July 12, 2016, at BSE SME.
  6. 6. What is the lot size of Advance Syntex IPO?

    Advance Syntex IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.

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Advance Syntex IPO Review / Comments

20. RAJA HINDUSTANI  Jul 28, 2016 11:29
Buy Mandhana Indusr & Gravis Hosp for Good Returns
19. MahiMahi  Jul 23, 2016 22:20
at what price it will list of bse or nse?
18. niceplaywins  Jul 20, 2016 15:34
any view on REC, any target, please also suggest few safe stocks for long term for heavy returns
18.1. RAJA HINDUSTANI  Jul 28, 2016 11:25
Sir, You May Buy Small Cap Multibegar Stock with Low Volume But High Return. One good example is GRAVIS HOS . Another Stock you can rely on MANDHANA every day 5% Return But You Can Not Buy Easily.
17. STOCKT  Jul 16, 2016 03:50
Another flop show by Hem securities.

People would from now on not apply in SME which have Hem securities as lead manager.
16. IPOANALYSIS  Jul 14, 2016 16:52

lancer containers,momai apparels ambition mica sysco vidli jiya eco majetsic research all are from pantomath capital . but it does seem that now their allotment is fishy and gets to few people only.

vck brokers fraud -ofs technologies.
vck broker is fraud and wont be lead manager again

ghusine and chd chemical first overseas. first overseas is same as vck broker. avoid its issues

loyal equipments,advance syntex- Hem securities

hem too are not doing good and should be avoided

so in the end only 1 lead manager is left and whose allootment process is not trustworthy.

i will now stop applying in SME issue from now on.
15. IPOANALYSIS  Jul 14, 2016 16:37
Guys 1 thing is clear.

Hem securities sme are bad as always go below issue price now despite oversubscription.

Panthomat capital issue are manipulated and they give returns.

just make sure you boycott all hem securities sme from now and subscribe for pantomath capital issues only.

Subir Raj Gupta
14. Subir Raj Gupta  Jul 13, 2016 19:26
I want to buy Acdvance Syntex Ltd IPO.
ria shroff
13. ria shroff  Jul 11, 2016 22:59
where to see allotment status of ipo .registrar site shows nothing
Arup jamshed
13.1. Arup jamshed  Jul 11, 2016 23:43
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
vijay sahajwani
12. vijay sahajwani  Jul 11, 2016 19:51
Any guess about listing price ?
11. SAJJAN CHOPRA  Jul 11, 2016 12:17
vijay sahajwani
11.1. vijay sahajwani  Jul 11, 2016 18:37
Tomorrow 12/07/2016
10. IPOANALYSIS  Jul 11, 2016 01:52

1 think i have observed is when SME gets subscribed heavily they only allott in 1 application even if multiple application are made. eg if you have same address and relation they would allott only 1.

i have filled 5 application in here and only 1 allotted. this itself proves that they only give you 1 allotment.

could anyone else confirm if it is same for them. example if they fill multiple application for single address only 1 allotment is given
10.1. rtvvtr  Jul 11, 2016 12:06
i got 3 out of 8 in same adress
10.2. Manipo  Jul 11, 2016 21:22
Top Contributor Top Contributor (200+ Posts)
No logic of address. Only your luck matters
9. IPOANALYSIS  Jul 9, 2016 13:08

8. VASANTHKUMARL  Jul 6, 2016 16:22
who is the share broker for this ipo?
8.1. Aman  Jul 10, 2016 07:25
Hem securities limited
7. Khemka  Jul 6, 2016 14:05
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Had Indian market open today then bse certainly would have down 300 points and nifty 75 points types .now European market open positively :)))
6. SAJJAN CHOPRA  Jul 5, 2016 19:04
please tell whole detail of subcription n listing date
5. RAKESH SAINI  Jul 5, 2016 09:33
What is the listing date
Suresh Rai
5.1. Suresh Rai  Jul 8, 2016 16:34
As per 6 working days listing norm, it has to be listed before July 13, 2016
4. SAJJAN CHOPRA  Jul 4, 2016 15:06
how much time suscribe till now.
Suresh Rai
4.1. Suresh Rai  Jul 4, 2016 18:35
It is around 5 times till now. Total No of shares in offer 21 lakh. Total application till 5.30PM is 102.40 lakh. Segment wise breakup is not available. Can anybody put some light.
cool gujarati
3. cool gujarati  Jun 30, 2016 23:57
Please recommend if it is advisable to apply
3.1. namra  Jul 2, 2016 16:26
No forget
3.2. atul  Jul 2, 2016 22:11
Top Contributor Top Contributor (200+ Posts)
Need not to
2. SANJAYIPO  Jun 29, 2016 07:33
Whether to invest in Advance Syntex Ltd or not?
SME IPO is also take same days for allotment & listing as main stream IPO?
ccol chennai
1. ccol chennai  Jun 28, 2016 20:50
lots of ipo in july
get ready guys

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