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Shanti Spintex IPO is a book built issue of Rs 31.25 crores. The issue is a combination of fresh issue of 26.88 lakh shares aggregating to Rs 18.82 crores and offer for sale of 17.76 lakh shares aggregating to Rs 12.43 crores.
Shanti Spintex IPO bidding started from December 19, 2023 and ended on December 21, 2023. The allotment for Shanti Spintex IPO was finalized on Friday, December 22, 2023. The shares got listed on BSE SME on December 27, 2023.
Shanti Spintex IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Hem Securities Limited is the book running lead manager of the Shanti Spintex IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Shanti Spintex IPO is Hem Finlease.
Refer to Shanti Spintex IPO RHP for detailed information.
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | December 27, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,464,000 shares (aggregating up to ₹31.25 Cr) |
| Fresh Issue | 2,688,000 shares (aggregating up to ₹18.82 Cr) |
| Offer for Sale | 1,776,000 shares of ₹10 (aggregating up to ₹12.43 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,200,000 |
| Share holding post issue | 16,888,000 |
| Market Maker portion | 224,000 shares Hem Finlease |
Shanti Spintex IPO offers 4,464,000 shares. 848,000 (19.00%) to QIB, 636,000 (14.25%) to NII, 1,484,000 (33.24%) to RII and 1,272,000 (28.49%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,272,000 (28.49%) |
| Market Maker Shares Offered | 224,000 (5.02%) |
| QIB Shares Offered | 848,000 (19.00%) |
| NII (HNI) Shares Offered | 636,000 (14.25%) |
| Retail Shares Offered | 1,484,000 (33.24%) |
| Total Shares Offered | 4,464,000 (100%) |
Shanti Spintex IPO opens on December 19, 2023, and closes on December 21, 2023.
| IPO Open Date | Tuesday, December 19, 2023 |
| IPO Close Date | Thursday, December 21, 2023 |
| Basis of Allotment | Friday, December 22, 2023 |
| Initiation of Refunds | Tuesday, December 26, 2023 |
| Credit of Shares to Demat | Tuesday, December 26, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
The promoters of the company are Bharat Bhushan Omprakash Agarwal and Rikin Bharatbhushan Agarwal
| Share Holding Pre Issue | 87.49% |
| Share Holding Post Issue | 73.57% |
Incorporated in 2010, Shanti Spintex Limited manufactures and sells denim fabrics.
Shanti Spintex manufactures power stretch spandex denim, knit denim, lightweight denim, rigid denim, overdyed denim and flat-finished 3/1 denim. These fabrics are available in various shades such as Indigo Blue, IBST, Sulfur Black, Sulfur Gray, Halogen Blue and Ecru with weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths from 62" (157 cm) to 78" (198 cm).
The company also produces gray fabrics in a variety of weaves including twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave.
The company's manufacturing facility is located in Ahmedabad, Gujrat, and is spread over an area of 8660 square meters. The facility has 96 airjet weaving machines with a weaving capacity of 1,92,72,000 meters of denim fabric
Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 17,457.31 | 17,588.33 | 13,631.33 | 11,926.82 |
| Revenue | 16,237.63 | 37,071.27 | 25,526.51 | 11,293.73 |
| Profit After Tax | 523.75 | 1,012.81 | 486.59 | 337.53 |
| Net Worth | 6,122.31 | 5,603.93 | 4,622.73 | 4,136.14 |
| Reserves and Surplus | 4,702.31 | 4,893.93 | 3,912.73 | 3,426.14 |
| Total Borrowing | 3,474.45 | 4,177.66 | 4,868.64 | 4,278.83 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Shanti Spintex IPO is Rs 118.22 Cr.
| KPI | Values |
|---|---|
| ROE | 19.81% |
| ROCE | 10.12% |
| Debt/Equity | 0.75 |
| RoNW | 18.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.13 | |
| P/E (x) | 9.82 | 11.67 |
The company proposes to utilize the funds which are being raised through the Fresh Issue, towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. The company has posted growth in its top and bottom lines for the reported periods. Based onFY2 annualized earnings, the issue appears reasonably priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
The Shanti Spintex IPO is subscribed 27.38 times on December 21, 2023 7:02:00 PM. The public issue subscribed 22.01 times in the retail category, 14.34 times in the QIB category, and 57.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 14.34 |
| NII | 57.28 |
| Retail | 22.01 |
| Total | 27.38 |
Total Application : 18,290 (24.65 times)
| Listing Date | December 27, 2023 |
| BSE Script Code | 544059 |
| NSE Symbol | |
| ISIN | INE0QZQ01019 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹70.00 |
| ₹76.00 |
| ₹76.00 |
| ₹79.80 |
| ₹79.80 |
Shanti Spintex Limited
Sub Plot 1, Unit 1, Survey No. 297, Dholi
Integrated Spinning Park Limited, Dholi,
Dholka, Ahmedabad – 382 240,
Phone: +91-98258 01039
Email: info@shantispintex.com
Website: https://www.shantispintex.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ssl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Shanti Spintex IPO is a SME IPO of 4,464,000 equity shares of the face value of ₹10 aggregating up to ₹31.25 Crores. The issue is priced at ₹66 to ₹70 per share. The minimum order quantity is 2000 Shares.
The IPO opens on December 19, 2023, and closes on December 21, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shanti Spintex IPO using UPI as a payment gateway. Zerodha customers can apply in Shanti Spintex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shanti Spintex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shanti Spintex IPO opens on December 19, 2023 and closes on December 21, 2023.
Shanti Spintex IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Shanti 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shanti Spintex IPO will be done on Friday, December 22, 2023, and the allotted shares will be credited to your demat account by Tuesday, December 26, 2023. Check the Shanti Spintex IPO allotment status.
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