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Akshar Spintex IPO Subscription Details (Live Status)

Akshar Spintex IPO Details

Issue Open Apr 27, 2018
Issue Close May 3, 2018
IPO Price ₹40
Face Value ₹10
IPO Size ₹26.99 Cr
Listing At BSE SME
IPO Lot Size 3000

Akshar Spintex IPO Subscription Status Live

Akshar Spintex IPO subscribed 5.49 times. The public issue subscribed 9.24 times in the retail category, [.] times in QIB, and 1.71 times in the NII category by May 3, 2018.

Investor CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers1.71
Retail Investors9.24
Employees[.]
Others[.]
Total5.49

Akshar Spintex IPO Subscription Details (times)

DateNIIRetailTotal

Day 1
Apr 27, 2018

0.36

1.04

0.70

Day 2
Apr 30, 2018

0.36

1.17

0.75

Day 3
May 2, 2018

0.46

3.75

2.10

Day 4
May 3, 2018

1.71

9.24

5.49


Akshar Spintex IPO Shares Offered

Akshar Spintex IPO is a public issue of 6,402,000 equity shares. The issue offers 3,201,000 shares to retail investors, 0 shares to qualified institutional buyers, and 3,201,000 shares to non-institutional investors.

CategoryShares Offered%
NII3,201,00050.00%
Retail3,201,00050.00%
Total6,402,000100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Akshar Spintex IPO Subscription FAQs

The Akshar Spintex IPO is subscribed 5.49 by May 3, 2018.

Akshar Spintex IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional1.71
Retail Individual9.24
Employee Reservations[.]
Others[.]
Total Subscription5.49

Retail category of Akshar Spintex IPO subscribed 9.24 times as of date May 3, 2018. The public issue closes on May 3, 2018 for bidding.

An investor can apply in Akshar Spintex IPO online via bank (using ASBA) or the broker (using UPI). The Akshar Spintex IPO shares are offered online only.

The Akshar Spintex IPO is subscribed 5.49 by May 3, 2018.

The Akshar Spintex IPO allotment status is expected on or around . Visit Akshar Spintex IPO allotment status to check.

The Akshar Spintex IPO listing date is Friday, May 11, 2018. The equity share of Akshar Spintex Limited will list on BSE SME.

Visit Akshar Spintex IPO subscription status page for real-time bidding information about Akshar Spintex IPO.

Akshar Spintex IPO Timetable

IPO Opens OnApr 27, 2018
IPO Closes OnMay 3, 2018
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date