Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Thu, Jun 30, 2016 - Mon, Jul 4, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jun 30, 2016
IPO Close
Mon, Jul 4, 2016
Issue Price
₹12 per share
Market Cap (Pre-IPO)
₹9.50 Cr
| IPO Date | 30 Jun to 4 Jul, 2016 |
| Listed on | Tue, Jul 12, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 21,00,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 1,20,000 shares Hem Securities Ltd. (agg. up to ₹0.1440 Cr) |
| Fresh Issue (Ex Market Maker) | 19,80,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 19,80,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 58,14,660 shares |
| Share Holding Post Issue | 79,14,660 shares |
| BSE Script Code | 539982 |
| ISIN | INE184U01012 |
Advance Syntex IPO comprises a total issue size of 21,00,000 shares. The net offer to the public is 19,80,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 9,90,000 (50.00%) allocated to NII 9,90,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,90,000 | 50.00% | 47.14% |
| Retail Shares Offered | 9,90,000 | 50.00% | 47.14% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.71% | |
| Total Shares Offered | 21,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 2.17 |
| KPI | |
|---|---|
| RoNW | 8.73% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.81% | 71.86% |
| Market Cap | ₹9.50 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.29 |
| 2 | Printing, Stationery and postage expenses and Advertising & Marketing expenses | 0.04 |
| 3 | Regulatory fees and Other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.00 |
| Open | ₹13.25 |
| Low | ₹12.75 |
| High | ₹14.20 |
| Last Trade | ₹12.91 |
Lead Manager Reports
Advance Syntex IPO is a SME IPO of 21,00,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on Thu, Jun 30, 2016, and closes on Mon, Jul 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 Thu, Jun 30, 2016 and closes on Mon, Jul 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 Tue, Jul 12, 2016.
