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 Opening Date	Apr 27, 2018
IPO Closing Date	May 3, 2018
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹40 per equity share
Market Lot	3000 Shares
Min Order Quantity	3000 Shares
Listing At	BSE SME
Issue Size	6,747,000 Eq Shares of ₹10 (aggregating up to ₹26.99 Cr)

Akshar Spintex IPO Lot Size

The Akshar Spintex IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	3000	₹120,000
Maximum	1	3000	₹120,000

Akshar Spintex IPO Subscription Status (Bidding Detail)

The Akshar Spintex IPO is subscribed 5.49x times on May 3, 2018 17:00. The public issue subscribed 9.24x in the retail category, in the QIB category, and 1.71x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	1.71x
RII	9.24x
Total	5.49x

Akshar Spintex IPO Prospectus

› Akshar Spintex IPO DRHP
› Akshar Spintex IPO RHP

Akshar Spintex IPO Rating

144

4.0

Rating:

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Akshar Spintex IPO Listing Date

Listing Date	Friday, May 11, 2018
BSE Script Code	541303
NSE Symbol
Listing In	MT
ISIN	INE256Z01017
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

Dilip Davda - Subscribe for Long Term

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 Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd

Lead Manager Reports

Akshar Spintex IPO FAQs

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 is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares.

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.
When Akshar Spintex IPO will open?

The Akshar Spintex IPO opens on Apr 27, 2018 and closes on May 3, 2018.
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.
How to apply for Akshar Spintex IPO?

You can apply in Akshar Spintex 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.
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.
When is Akshar Spintex IPO listing date?

The Akshar Spintex IPO listing date is on Friday, May 11, 2018.

Akshar Spintex IPO Message Board

Ranked Members

100. AshishMane |Jul 1, 2018 22:11

anyone still holding shares of Akshar spintex?

100.1. dipandesai |Jul 4, 2018 13:03

yes i am hold for 5 lots.

100.2. Small Investor |Jul 11, 2018 16:51

IPO Guru (1400+ Posts, 700+ Likes)

fair value of this stock ?

99. smallTimeInvestor |May 27, 2018 01:29

Going down every day.. now circuit is 20%. Hope it rebounds back.

99.1. AshishMane |May 28, 2018 02:01

Hopefully it will rebound back!!

99.2. smallTimeInvestor |May 28, 2018 23:42

Today 10% up.. Let's see if it sustains.

98. smallTimeInvestor |May 16, 2018 21:56

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?

Load more comments (1 replies)

98.2. smallTimeInvestor |May 18, 2018 00:52

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

98.3. Johny |May 18, 2018 18:31

IPO Mentor (500+ Posts, 700+ 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.

97. mittaldatt |May 17, 2018 13:18

Yes wait for 1 year

96. mittaldatt |May 17, 2018 02:26

Pure gambaling

96.1. smallTimeInvestor |May 17, 2018 13:17

Are you still holding 3 lots? Today again lc.

95. mittaldatt |May 16, 2018 17:11

Lets hope for best tomorrow

94. ronak tilva |May 16, 2018 16:06

Lc with very less volume so once market stable it will grow automatically

93. ronak tilva |May 16, 2018 15:41

I m positive on this stock. Now no more selling presure here so m not vary.

92. mittaldatt |May 16, 2018 15:07

Ronakbhai what is yu view

91. mittaldatt |May 16, 2018 10:46

Again come on same level no volum

90. ronak tilva |May 15, 2018 14:05

yes it can recover from here. 5.58 lac shares traded

Load more comments (1 replies)

90.2. Johny |May 15, 2018 15:43

IPO Mentor (500+ Posts, 700+ Likes)

May be what you looked at was last traded quantity. From the link you shared

TTQ(Lakh) 9.09

90.3. smallTimeInvestor |May 15, 2018 16:49

Thanks Johny. It is trading atleast upwards. Hope it reaches Issue Price and hopefully give some gains also.

89. ronak tilva |May 15, 2018 16:45

Now wait for few days for gain profit

88. mittaldatt |May 15, 2018 13:32

Today to much volume i think its reverse today around 2 pm

88.1. Small Investor |May 15, 2018 16:05

IPO Guru (1400+ Posts, 700+ Likes)

tushy great ho sir

87. mittaldatt |May 15, 2018 16:03

Now what to do

86. ronak tilva |May 15, 2018 15:58

Yuppy.....

85. mittaldatt |May 15, 2018 15:56

Treading start

84. ronak tilva |May 15, 2018 15:50

Soon out from lc....

83. smallTimeInvestor |May 15, 2018 13:25

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?

82. ankur garg |May 15, 2018 12:19

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)

82.1. Umang and his ultrasonic uproar |May 15, 2018 12:33

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.

81. ronak tilva |May 15, 2018 10:55

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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