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 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 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 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 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 Size2,100,000 Eq Shares of ₹10
(aggregating up to ₹2.52 Cr)

Advance Syntex IPO Lot Size

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

Advance Syntex IPO Prospectus

Advance Syntex IPO Rating

Rating:Rated 4.2 stars
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Advance Syntex IPO Listing Date

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

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Advance Syntex Ltd
233/2 & 238/2 GIDC,
POR Ramangamdi,
Phone: +91- 265-2831850

Advance Syntex IPO Registrar

Sharex Dynamic (India) Pvt Ltd

Phone: +91- 22 - 2851 5606

Advance Syntex IPO Reviews / Ratings

Advance Syntex IPO FAQs

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.

The Advance Syntex IPO listing date is on Tuesday, July 12, 2016.

Advance Syntex IPO Message Board

Ranked Members  Ranked Members

20. RAJA HINDUSTANI |Jul 28, 2016 10:29
Buy Mandhana Indusr & Gravis Hosp for Good Returns
19. MahiMahi |Jul 23, 2016 21:20
at what price it will list of bse or nse?
18. niceplaywins |Jul 20, 2016 14:34
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 10:25
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 02:50
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 15:52
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)

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 15:37
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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.

14. Subir Raj Gupta |Jul 13, 2016 18:26
I want to buy Acdvance Syntex Ltd IPO.
13. ria shroff |Jul 11, 2016 21:59
where to see allotment status of ipo .registrar site shows nothing
13.1. Arup jamshed |Jul 11, 2016 22:43
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
12. vijay sahajwani |Jul 11, 2016 18:51
Any guess about listing price ?
11. SAJJAN CHOPRA |Jul 11, 2016 11:17
11.1. vijay sahajwani |Jul 11, 2016 17:37
Tomorrow 12/07/2016
10. IPOANALYSIS |Jul 11, 2016 00:52
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)

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 11:06
i got 3 out of 8 in same adress
10.2. Manipo |Jul 11, 2016 20:22
Top Contributor Top Contributor (200+ Posts)
No logic of address. Only your luck matters
9. IPOANALYSIS |Jul 9, 2016 12:08
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)

8. VASANTHKUMARL |Jul 6, 2016 15:22
who is the share broker for this ipo?
8.1. Aman |Jul 10, 2016 06:25
Hem securities limited
7. Khemka |Jul 6, 2016 13:05
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 18:04
please tell whole detail of subcription n listing date
5. RAKESH SAINI |Jul 5, 2016 08:33
What is the listing date
5.1. Suresh Rai |Jul 8, 2016 15:34
As per 6 working days listing norm, it has to be listed before July 13, 2016
4. SAJJAN CHOPRA |Jul 4, 2016 14:06
how much time suscribe till now.
4.1. Suresh Rai |Jul 4, 2016 17:35
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.
3. cool gujarati |Jun 30, 2016 22:57
Please recommend if it is advisable to apply
3.1. namra |Jul 2, 2016 15:26
No forget
3.2. atul |Jul 2, 2016 21:11
Top Contributor Top Contributor (200+ Posts)
Need not to
2. SANJAYIPO |Jun 29, 2016 06:33
Whether to invest in Advance Syntex Ltd or not?
SME IPO is also take same days for allotment & listing as main stream IPO?
1. ccol chennai |Jun 28, 2016 19:50
lots of ipo in july
get ready guys