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Angel Fibers Ltd IPO (Angel Fibers IPO) Detail

Feb 20, 2018 - Feb 23, 2018

Incorporated in 2014, Angel Fibers Limited is engaged in the business of spinning of cotton yarn. They are also trading in a by-product i.e. cotton waste. They develop, manufacture, market and support quality yarn products. The company offers cotton carded, combed, and compact yarns and trades in cotton waste products.

Company products are used in making bed sheets, socks, knitted fabrics, shirting,sheeting and bottom weightsetc. AFL sells its products in domestic and international markets.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 8514.35 8140.92 5175.87 182.23
Total Revenue 8873.73 5101.77 0 0
Profit After Tax 1,855.56 653.43/td> -0.42 0

Objects of the Issue

The objects of the Offer are :
1. To achieve the benefits of listing the Equity Shares on the Stock Exchange and
2. for the Offer for Sale.

Company will not receive any proceeds from the Offer and all the proceeds will be received by the Selling Shareholders

Angel Fibers IPO Details

Angel Fibers IPO Date Feb 20, 2018 to Feb 23, 2018
Angel Fibers IPO Face Value ₹10 per share
Angel Fibers IPO Price ₹27 per share
Angel Fibers IPO Lot Size 4000 Shares
Issue Size6,748,000 shares of ₹10
(aggregating up to ₹18.22 Cr)
Offer for Sale6,748,000 shares of ₹10
(aggregating up to ₹18.22 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr Ashok Dudhagara and Miss Prafulaben Dudhagara are the promoters of the company.

Angel Fibers IPO Lot Size

The Angel Fibers IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).

Application Lots Shares Amount
Minimum 1 4000 ₹108,000
Maximum 1 4000 ₹108,000

Angel Fibers IPO Review

Considering its performance issue appears reasonably priced. However, it has just achived par value and has arrested negative trends with current working.  Hence one may consider moderate investment for long term.

Read detail review...

Angel Fibers IPO Prospectus

Angel Fibers IPO Rating

170
4.0
Rating:Rated 4.0 stars
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Angel Fibers IPO Listing Date

Listing Date Tuesday, March 6, 2018
BSE Script Code 541006
NSE Symbol
Listing In MT Group of Securities
ISIN INE339Z01011
IPO Price ₹27 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹27.00
₹28.50
₹27.10
₹28.50
₹27.10

Company Contact Information

Angel Fibers Ltd
Shop No.6 Shivalik-2, University Rd,
Near Pushkardham Temple,
Sadguru Nagar, Rajkot,
Phone: +91 94267 85557
Email: cs@angelfibers.com
Website: http://www.angelfibers.com/

Angel Fibers IPO Registrar

Bigshare Services Pvt Ltd

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

Angel Fibers IPO Review

Angel Fibers IPO Recommendation Summary

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Angel Fibers IPO FAQs

Angel Fibers IPO is a SME IPO of 6,748,000 equity shares of the face value of ₹10 aggregating up to ₹18.22 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Feb 20, 2018, and closes on Feb 23, 2018.

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

The Angel Fibers IPO opens on Feb 20, 2018 and closes on Feb 23, 2018.

Angel Fibers IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Angel Fibers 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 Angel Fibers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Angel Fibers IPO allotment status.

The Angel Fibers IPO listing date is on Tuesday, March 6, 2018.
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Angel Fibers IPO Message Board

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129 Comments

72. NEMI CHAND AJMERA |   Link |Mar 6, 2018 5:41:46 PM
This was OFS means money not gone for businesses but other parameters are reasonable.Offer was of 67 lacs shares and 34 lacs shares were given to retailers . Today traded shares are 25 lacs means all are empty.All Annalisers recommended for long term also have good Grey market premium.So it is possiblity to go uptrend in coming days
72.1. Umang and his ultrasonic uproar |   Link |Mar 6, 2018 5:52:12 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
It won''t move 2 rupees above issue price. You were very positive on SKS TEXTILE also, & u were recommeding at 100 rs. I told u it will stop at 75 rs and same thing happened.
Investment in SMEs is highly risky. Pls don''t recommend unless you have studied companies financial & growth visibility in depth.
71. Sinewave |   Link |Mar 6, 2018 8:58:11 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
16000.buyers..and..sellers..1372000...
71.5. Sinewave |   Link |Mar 6, 2018 11:14:13 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
19,56,000 Shares traded till now.
71.6. Sinewave |   Link |Mar 6, 2018 11:29:02 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
20,76,000 traded.
Buyers available.

Short term exit.

IMO
70. Sinewave |   Link |Mar 6, 2018 9:25:33 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Angel fiber listing in positive zone was possible due to MT group rules.

Otherwise it was similar to CKP Leisure which is still not touched the issue price.

Lead manager of issue try to list in positive zone as their Goodwill is linked on this matter.

There was enough opportunity to sell in Pre open.

Now punters play only.
70.1. IPOANALYSIS |   Link |Mar 6, 2018 9:47:46 AM
Ckp leisure is much better than angel. Firstly there is still trade happening. Secondly the business is very good. Always food banquet hall business do well in long run. Those who hold ckp leisure for long will be handsomely rewarded
69. Tejas pandya |   Link |Mar 6, 2018 9:24:16 AM
Angel ne to speculator se long term investor bana diya... Ha ha..
68. Sinewave |   Link |Mar 6, 2018 8:53:50 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Looking towards lower circuit for today.

Heavy sellers.

Very low buyers.

Only 20thousand buyers.

Will lock to lower circuit.

Lead manager and punters play now.
67. Sinewave |   Link |Mar 6, 2018 8:49:06 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Opened @28.5

Up 5.5%

Book profit for short term.

Hold for long term.

Happy investing.
66. Sinewave |   Link |Mar 6, 2018 8:39:23 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
28.7

Hold
66.1. Sdpp |   Link |Mar 6, 2018 8:42:33 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Kya kare. Konsa rate chala raha hai.
65. Sinewave |   Link |Mar 5, 2018 8:19:06 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Trading Members of the Exchange are hereby informed that effective from Tuesday, March 06, 2018 the equity shares of Angel Fibers Limited shall be listed and admitted to dealings on the SME Platform of Exchange in the list of ‘MT’ Group of Securities. Further in terms of SEBI circular No.CIR/MRD/DP/02/2012 dated January 20, 2012; the scrip will be in Trade-for-Trade segment for 10 trading days.
65.2. Sinewave |   Link |Mar 5, 2018 8:27:35 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Grey Market Trends:

IPO Company      IPO Date      Price Band      GMP      Kostak
Bandhan Bank      -      -      -      INR600 (5 Mar)
HG Infra      26 - 28 Jan      INR263 - 270      INR15      INR200 (5 Mar)
Hindcon Chemicals      26 - 28 Feb      INR28      -      INR13,000* (5 Mar)
Angel Fibers      20 - 23 Feb      INR27      -      INR10,000* (5 Mar)
65.3. Tejas pandya |   Link |Mar 5, 2018 11:43:52 PM
Is this news good or bad for stock?? Does it affect listing price??Can anyone explain plz...
64. Don Market Ka |   Link |Mar 5, 2018 8:52:39 PM
Good luck to Angel Fibers Allottees for great listing tomorrow.
63. Vishalabc |   Link |Mar 5, 2018 8:07:07 PM
Anyone provide tomorrow list price Angel Fibers ltd
62. Sdpp |   Link |Mar 5, 2018 5:15:00 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
MT groop ma Allotment ser listing time sell ho sakta hai???
61. Rkjain |   Link |Mar 5, 2018 3:53:01 PM
Listing on 6 March. MT group. Script Code : 541006. INE339Z01011. Trade to Trade upto 10 days.
60. Sdpp |   Link |Mar 4, 2018 4:44:35 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Listing Date.. Pls. Reply
60.1. Tejas pandya |   Link |Mar 5, 2018 1:59:33 PM
6th March
59. Sinewave |   Link |Mar 5, 2018 10:59:44 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Listing tomorrow.

Expected listing around 30/- .

Keep patience..
59.1. Sinewave |   Link |Mar 5, 2018 11:02:19 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Got allotted one out of four.

1/4 allotted..
58. dipandesai |   Link |Mar 4, 2018 1:10:31 PM
ANGEL FIBERS LISTING PRICE :- 29.
57. Sanjay parmar |   Link |Mar 4, 2018 8:01:16 AM
Angal listing around 22 ........not good company......miss guide gray market
56. Shah dipesh hasmukhlal |   Link |Mar 2, 2018 4:34:48 PM
I got allotment but not credit in demat yet
55. Shah dipesh hasmukhlal |   Link |Mar 2, 2018 4:33:46 PM
Share credit in dekat which date and listing gain
54. NRI Investor |   Link |Mar 1, 2018 10:05:18 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
LIsting will be Rs. 35++++ Keep holding for long term
53. SAJAL SHETH |   Link |Mar 1, 2018 2:55:39 PM
What is the listing date ?
What is the latest premium ?
53.1. akash sav |   Link |Mar 1, 2018 5:34:32 PM
Listing date 06.03.2018
Premium 2. Rs