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Incorporated in 2003, Subh Tex India Limited Ltd is an ISO 9001:2008 certified company and engaged in the business of manufacturing fabric viz suiting & shirting for the domestic and international market. They export their finished suiting to various countries in the Middle East region. Also, They do trading activities of various materials (semi-finished and finished products) in the textile market.
Company is involved in trading of various textile products which are of high quality and also bulk trading. Also they plan to leverage on the marketing exposure and contacts which they generate their trading activities which will be useful for converting trading clients as clients of manufactured products. Company manufacturers suiting and shirting for which it has installed 76 Sulzer looms at its plant in Silvassa.
The objects of the Issue are:
1. To fund additional Working Capital requirements;
2. Meeting Public Issue Expenses.
| Subh Tex India IPO Date | Sep 30, 2013 to Oct 7, 2013 |
| Subh Tex India IPO Face Value | ₹10 per share |
| Subh Tex India IPO Price | ₹10 per share |
| Subh Tex India IPO Lot Size | 10000 Shares |
| Issue Size | 3,500,000 shares of ₹10 (aggregating up to ₹3.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are: 1. Santosh Kumar Pralhadrai Saraf and |
The Subh Tex India IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
Stay Away. The asking price on fully diluted equity is at a P/E of 500 and thus even at par offer with entry barrier is not worth. As this is being the first IPO from Basan Financial from Hyderabad we have no track records. Read detail review...
| Listing Date | Tuesday, October 22, 2013 |
| BSE Script Code | 536671 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE427O01018 |
| IPO Price | ₹10 per share |
| Face Value | ₹10 per share |
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Subh Tex India Limited
18, Surti Chamber,
2nd Dhobi Talao Lane,
Mumbai - 400 002, Maharashtra
Phone: +91 22 2203 6030
Email: subhtexindia@gmail.com
Website: http://www.subhtexindia.com
Sharepro Services Private Limited
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website: http://
Subh Tex India IPO is a SME IPO of 3,500,000 equity shares of the face value of ₹10 aggregating up to ₹3.50 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on Sep 30, 2013, and closes on Oct 7, 2013.
Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Subh Tex India IPO opens on Sep 30, 2013 and closes on Oct 7, 2013.
Subh Tex India IPO lot size is 10000 Shares and the minimum order quantity is .
You can apply in Subh Tex India 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 Subh Tex India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Subh Tex India IPO allotment status.
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Dilip Davda
SEBI registered Research Analyst
Mumbai
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