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.
| Issue Open | Apr 27, 2018 - May 3, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 6,747,000 Eq Shares of Rs 10 (aggregating up to Rs 26.99 Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 40 Per Equity Share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
No. of Times Issue Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
As on Date & Time | |||||||
Shares Offered | 3,201,000 | 3,201,000 | 6,402,000 | ||||
May 3, 2018 17:00 | 1.71x | 9.24x | 5.49x | ||||
144 4.0 Rating:  Vote Here ... |
|
|
Bigshare Services Pvt. Ltd » Report
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai - 400 072
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.
We can help you choosing the right broker. Contact us today...
|
|
1
|
|
|
2
|
|
|
2
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
1
|
|
Top Contributor (400+ Posts, 100+ Likes)