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.
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.
| 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 | ||
The Objects Of The Issue are:
1. Funding the working capital requirements of the Company
2. General corporate purposes.
| 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) |
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 |
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 |
| Listing Date | Friday, May 11, 2018 |
| BSE Script Code | 541303 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE256Z01017 |
| IPO Price | ₹40 per equity share |
| Face Value | ₹10 per equity share |
|
|
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
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 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.
The Akshar Spintex IPO opens on Apr 27, 2018 and closes on May 3, 2018.
Akshar Spintex IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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.
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.
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