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Founded in 2013, Akshar Spintex Limited is active in the production of cotton yarn.
The company manufactures 100% cotton yarn which includes combed, semi-combed, and carded yarn. The company's manufacturing facility is located at Kalavad in Jamnagar district in the state of Gujarat and is spread over an area of 1,83,437 sq. ft. which is close to the rich cotton-growing areas of Gujarat. The company has installed a total capacity of 24,480 spindles.
The company's product range includes:
As of March 31, 2024, the company had 204 employees.
| Issue Open | September 9, 2024 - September 30, 2024 |
| Security Name | Akshar Spintex Ltd |
| Issue Size (Shares) | 487,480,500 |
| Issue Size (Amount) | ₹48.75 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount of the Issue Price of Re. 1 per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 13 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | August 22, 2024 |
| Record Date | August 23, 2024 |
| Credit of Rights Entitlements | September 4, 2024 |
| Bid/Offer Opens On | September 9, 2024 |
| Renunciation of Rights Entitlements | September 24, 2024 |
| Bid/Offer Closes On | September 30, 2024 |
| Deemed Date of Allotment | October 9, 2024 |
| Credit Date | October 14, 2024 |
| Listing Date | October 15, 2024 |
Akshar Spintex Ltd's revenue increased by 29% and profit after tax (PAT) rose by 224.99% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 73.86 | 76.44 | 92.88 |
| Revenue | 177.91 | 137.92 | 175.57 |
| Profit After Tax | 3.46 | -2.76 | 7.02 |
| Net Worth | 43.88 | 40.64 | 43.23 |
| Reserves and Surplus | 13.88 | 15.64 | 18.23 |
| Total Borrowing | 18.98 | 17.67 | 25.65 |
| Amount in ₹ Crore | |||
The Company proposes to utilize the net proceeds raised through the Issue for the below mentioned Objects:
Akshar Spintex Rights Issue 2024 is subscribed 0.05 times as on September 13, 2024 4:50:00 PM. The total bid quantity received by BSE, NSE is 25,345,960 shares.
27 3.5 Rating:  Vote Here ... |
Akshar Spintex Ltd
Revenue Survey No.102/2 Paiki,
Plot No. - 2 Village: Haripar,
Ranuja Road. Tal: Kalavad. Jamnagar - 361013
Phone: 917574887015
Email: cs@aksharspintex.in
Website: http://www.aksharspintex.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Akshar Spintex Rights Issue 2024 opens on September 9, 2024, and closes on September 30, 2024.
Akshar Spintex Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | September 4, 2024 |
| Last Date for renunciation of Rights Entitlements | September 24, 2024 |
| Issue Opening Date | September 9, 2024 |
| Issue Closing Date | September 30, 2024 |
| Date of Allotment (on or about) | October 9, 2024 |
| Date of Credit (on or about) | October 14, 2024 |
| Date of Listing (on or about) | October 15, 2024 |
Akshar Spintex Rights Issue 2024 price is set at ₹1 per share per equity share.
The eligible shareholders are being offered 13 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date (August 23, 2024).
The record date for the Akshar Spintex Rights Issue 2024 is August 23, 2024.
The issue size of Akshar Spintex Rights Issue 2024 is of 487,480,500 equity shares at ₹1 per share aggregating upto ₹48.75 Crores.
The Letter of Offer for Akshar Spintex Rights Issue 2024 can be download here.
You can apply for Akshar Spintex Rights Issue 2024 in two ways:
Steps to apply for Akshar Spintex Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Akshar Spintex Rights Issue 2024 using Registrar's website (R-WAP)
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| Link|September 6, 2024 12:29:26 PMReply
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