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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.
| 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 | ||
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 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 Size | 6,748,000 shares of ₹10 (aggregating up to ₹18.22 Cr) |
| Offer for Sale | 6,748,000 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. |
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 |
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...
| 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 |
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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.
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