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.

Akshar Spintex IPO Details

IPO DateApr 27, 2018 - May 3, 2018
Issue TypeFixed Price Issue IPO
Issue Size6,747,000 Eq Shares of ₹10
(aggregating up to ₹26.99 Cr)
Face Value₹10 Per Equity Share
IPO Price₹40 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME

Akshar Spintex IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹120,000
Maximum13000₹120,000

Akshar Spintex IPO Subscription Status (Bidding Detail)

Akshar Spintex IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

3,201,000

3,201,000

6,402,000

May 3, 2018 17:00

1.71x

9.24x

5.49x

Akshar Spintex IPO Prospectus

Akshar Spintex IPO Rating

144
4.0
Rating:Rated 4.0 stars

Vote Here ...

Akshar Spintex IPO Listing Date

Listing DateFriday, May 11, 2018
BSE Script Code541303
NSE Symbol
Listing InMT
ISININE256Z01017
IPO Price₹40 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹40.00
₹40.00
₹38.00
₹40.25
₹38.00
720,000

Akshar Spintex IPO Reviews / Ratings

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
Email: admin@aksharspintex.in
Website: http://www.aksharspintex.in

Akshar Spintex IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Akshar Spintex IPO FAQs

  1. 1. What is Akshar Spintex IPO?

    Akshar Spintex IPO is a SME IPO of 6,747,000 equity shares of the face value of ₹10 aggregating up to ₹26.99 Crores.

    The issue price of the IPO is ₹40 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Apr 27, 2018 and closes on May 3, 2018.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When Akshar Spintex IPO will open?

    The Akshar Spintex IPO opens on Apr 27, 2018 and closes on May 3, 2018.

  3. 3. How to apply for Akshar Spintex IPO?

    Akshar Spintex 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 Akshar Spintex IPO allotment?

    The finalization of Basis of Allotment for Akshar Spintex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Akshar Spintex IPO allotment status.

  5. 5. When is Akshar Spintex IPO listing date?

    The Akshar Spintex IPO listing date is on Friday, May 11, 2018, at BSE SME.
  6. 6. What is the lot size of Akshar Spintex IPO?

    Akshar Spintex IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

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Akshar Spintex IPO Review / Comments

AshishMane
100. AshishMane  Jul 1, 2018 21:11
anyone still holding shares of Akshar spintex?
dipandesai
100.1. dipandesai  Jul 4, 2018 12:03
yes i am hold for 5 lots.
Small Investor
100.2. Small Investor  Jul 11, 2018 15:51
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
fair value of this stock ?
smallTimeInvestor
99. smallTimeInvestor  May 27, 2018 00:29
Going down every day.. now circuit is 20%. Hope it rebounds back.
AshishMane
99.1. AshishMane  May 28, 2018 01:01
Hopefully it will rebound back!!
smallTimeInvestor
99.2. smallTimeInvestor  May 28, 2018 22:42
Today 10% up.. Let's see if it sustains.
smallTimeInvestor
98. smallTimeInvestor  May 16, 2018 20:56
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?
smallTimeInvestor
98.2. smallTimeInvestor  May 17, 2018 23:52
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
Johny
98.3. Johny  May 18, 2018 17:31
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
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.
mittaldatt
97. mittaldatt  May 17, 2018 12:18
Yes wait for 1 year
mittaldatt
96. mittaldatt  May 17, 2018 01:26
Pure gambaling
smallTimeInvestor
96.1. smallTimeInvestor  May 17, 2018 12:17
Are you still holding 3 lots? Today again lc.
mittaldatt
95. mittaldatt  May 16, 2018 16:11
Lets hope for best tomorrow
ronak tilva
94. ronak tilva  May 16, 2018 15:06
Lc with very less volume so once market stable it will grow automatically
ronak tilva
93. ronak tilva  May 16, 2018 14:41
I m positive on this stock. Now no more selling presure here so m not vary.
mittaldatt
92. mittaldatt  May 16, 2018 14:07
Ronakbhai what is yu view
mittaldatt
91. mittaldatt  May 16, 2018 09:46
Again come on same level no volum
ronak tilva
90. ronak tilva  May 15, 2018 13:05
yes it can recover from here. 5.58 lac shares traded
Johny
90.2. Johny  May 15, 2018 14:43
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
May be what you looked at was last traded quantity. From the link you shared

TTQ(Lakh)      9.09
smallTimeInvestor
90.3. smallTimeInvestor  May 15, 2018 15:49
Thanks Johny. It is trading atleast upwards. Hope it reaches Issue Price and hopefully give some gains also.
ronak tilva
89. ronak tilva  May 15, 2018 15:45
Now wait for few days for gain profit
mittaldatt
88. mittaldatt  May 15, 2018 12:32
Today to much volume i think its reverse today around 2 pm
Small Investor
88.1. Small Investor  May 15, 2018 15:05
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
tushy great ho sir
mittaldatt
87. mittaldatt  May 15, 2018 15:03
Now what to do
ronak tilva
86. ronak tilva  May 15, 2018 14:58
Yuppy.....
mittaldatt
85. mittaldatt  May 15, 2018 14:56
Treading start
ronak tilva
84. ronak tilva  May 15, 2018 14:50
Soon out from lc....
smallTimeInvestor
83. smallTimeInvestor  May 15, 2018 12:25
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?
ankur garg
82. ankur garg  May 15, 2018 11:19
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)
Umang and his ultrasonic uproar
82.1. Umang and his ultrasonic uproar  May 15, 2018 11:33
IPO Mentor IPO Mentor (500+ Posts, 500+ 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.
ronak tilva
81. ronak tilva  May 15, 2018 09:55
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.






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