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Advance Syntex IPO is a fixed price issue of ₹2.52 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹2.52 crore.
Advance Syntex IPO bidding started from Jun 30, 2016 and ended on Jul 4, 2016. The shares got listed on BSE SME on Jul 12, 2016.
Advance Syntex IPO price is ₹12.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Advance Syntex IPO RHP for detailed Information.
| IPO Date | June 30, 2016 to July 4, 2016 |
| Listing Date | July 12, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,00,000 shares (aggregating up to ₹2.52 Cr) |
| Reserved for Market Maker | 1,20,000 shares Hem Securities Ltd. (aggregating up to ₹0.1440 Cr) |
| Net Offered to Public | 19,80,000 shares (aggregating up to ₹2.38 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 58,14,660 shares |
| Share Holding Post Issue | 79,14,660 shares |
Advance Syntex IPO offers total 21,00,000 shares. Out of which 9,90,000 (47.14%) allocated to NII, 9,90,000 (47.14%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.71%) |
| NII (HNI) Shares Offered | 9,90,000 (47.14%) |
| Retail Shares Offered | 9,90,000 (47.14%) |
| Total Shares Offered | 21,00,000 (100.00%) |
Advance Syntex IPO opens on June 30, 2016, and closes on July 4, 2016.
| IPO Open Date | Thu, Jun 30, 2016 |
| IPO Close Date | Mon, Jul 4, 2016 |
| Tentative Listing Date | Tue, Jul 12, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 4, 2016 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,20,000 |
| Retail (Max) | 1 | 10,000 | ₹1,20,000 |
| HNI (Min) | 2 | 20,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1989, Advance Syntex Ltd is engaged in manufacturing of polyester films and yarn. Information in this paragraph is copied from chittorgarh.com.The company maiinly produce Metalized Films (MF), Lacquered (Coated) Metalized Polyester Films (LMPF), glitter powder (Zari Powder) and Metallic Yarn (Polyester Badla).
It also produces slitted films, epoxy resins, and metallic fibres, as well as modified resins, which is used as raw material in manufacturing LMPF. Content in this paragraph is copied from chittorgarh.com. Advance Syntex also involved in the sale of polyester films (also known as BOPET films) and Biaxially Oriented Polypropylene Films (also known as BOPP films).
Company's products are sold under the brand name of "MIDAS" and they are mainly used in textiles, flexible packaging, lamination, printing, decorations, advertising, paints, inks, craft glue, glass bangles, synthetic leather, floor tiles, walls, cosmetics such as nail polish, eye-liner, hair gel, lipstick etc. Information in this paragraph is copied from chittorgarh.com. Its other products include Slitted Films, Metallic Fibers and Epoxy Resins. It has in-house facility for production of raw materials required to manufacture LMPF.
| KPI | Values |
|---|---|
| RoNW | 8.73% |
The objects of the issue are:
1. To meet Working Capital Requirement;
2. To Meet the Issue Expenses.
[Dilip Davda] IPO is priced justifiably; investors with surplus cash may consider long term investment. Read detail review...
| Listing Date | July 12, 2016 |
| BSE Script Code | 539982 |
| NSE Symbol | |
| ISIN | INE184U01012 |
| Final Issue Price | ₹12 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.00 |
| Open | ₹13.25 |
| Low | ₹12.75 |
| High | ₹14.20 |
| Last Trade | ₹12.91 |
Advance Syntex Ltd.
233/2 & 238/2 GIDC,
POR Ramangamdi,
Vadodara-391243
Vadodara, Gujarat
Phone: +91- 265-2831850
Email: info@midasglitter.com
Website: http://www.midasglitter.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website:
Advance Syntex IPO is a SME IPO of 21,00,000 equity shares of the face value of ₹10 aggregating up to ₹2.52 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on June 30, 2016, and closes on July 4, 2016.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Advance Syntex IPO using UPI as a payment gateway. Zerodha customers can apply in Advance Syntex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Advance Syntex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Advance Syntex IPO opens on June 30, 2016 and closes on July 4, 2016.
Advance Syntex IPO lot size is 10000, and the minimum amount required for application is ₹1,20,000.
You can apply in Advance Syntex IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Advance Syntex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Advance Syntex IPO allotment status.
The Advance Syntex IPO listing date is on Tuesday, July 12, 2016.
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