Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Akshar Spintex IPO is a fixed price issue of ₹26.99 crores. The issue is a combination of fresh issue of 0.10 crore shares aggregating to ₹4.00 crores and offer for sale of 0.57 crore shares aggregating to ₹22.99 crores.
Akshar Spintex IPO bidding started from Apr 27, 2018 and ended on May 3, 2018. The shares got listed on BSE SME on May 11, 2018.
Akshar Spintex IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Akshar Spintex IPO RHP for detailed Information.
| IPO Date | April 27, 2018 to May 3, 2018 |
| Listing Date | May 11, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 67,47,000 shares (aggregating up to ₹26.99 Cr) |
| Reserved for Market Maker | 3,45,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.38 Cr) |
| Fresh Issue (Ex Market Maker) | 6,54,000 shares (aggregating up to ₹2.62 Cr) |
| Offer for Sale | 57,48,000 shares of ₹10 (aggregating up to ₹22.99 Cr) |
| Net Offered to Public | 64,02,000 shares (aggregating up to ₹25.61 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,40,00,000 shares |
| Share Holding Post Issue | 2,49,99,000 shares |
Akshar Spintex IPO offers total 67,47,000 shares. Out of which 32,01,000 (47.44%) allocated to NII, 32,01,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,45,000 (5.11%) |
| NII (HNI) Shares Offered | 32,01,000 (47.44%) |
| Retail Shares Offered | 32,01,000 (47.44%) |
| Total Shares Offered | 67,47,000 (100.00%) |
Akshar Spintex IPO opens on April 27, 2018, and closes on May 3, 2018.
| IPO Open Date | Fri, Apr 27, 2018 |
| IPO Close Date | Thu, May 3, 2018 |
| Tentative Listing Date | Fri, May 11, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 3, 2018 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2013, Gujarat based Akshar Spintex Limited is a company engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn.
The manufacturing facility of the Company is situated in the vicinity of the rich cotton growing areas of Gujarat. The company has installed capacity of total 24,480 spindles.
The company has 216 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
| Total Assets | 8218.88 | 7487.82 | 7029.73 | 2479.56 | ||
| Total Revenue | 9038.94 | 5984.38 | 1561.73 | 0 | ||
| Profit After Tax | 538.61 | 266.94 | (51.25) | 0 | ||
The Company Akshar Spintex IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 2.80 |
| 2 | General corporate purposes | 0.90 |
[Dilip Davda] Investors may consider investment for long term in this fully priced issue. Read detail review...
| Listing Date | May 11, 2018 |
| BSE Script Code | 541303 |
| NSE Symbol | AKSHAR |
| ISIN | INE256Z01017 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.00 |
| Low | ₹38.00 |
| High | ₹40.25 |
| Last Trade | ₹38.00 |
Akshar Spintex Ltd.
Revenue Survey No. 102/2, Paiki, Plot No. 2,
Village - Haripar, Ranuja Road,
Tal - Kalavad,
Jamnagar, Gujarat, 361013
Phone: +9198252 13622
Email: admin@aksharspintex.in
Website: http://www.aksharspintex.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Akshar Spintex IPO is a SME IPO of 67,47,000 equity shares of the face value of ₹10 aggregating up to ₹26.99 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on April 27, 2018, and closes on May 3, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Akshar Spintex IPO using UPI as a payment gateway. Zerodha customers can apply in Akshar Spintex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Akshar Spintex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Akshar Spintex IPO opens on April 27, 2018 and closes on May 3, 2018.
Akshar Spintex IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Akshar Spintex 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 Akshar Spintex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Akshar Spintex IPO allotment status.
The Akshar Spintex IPO listing date is on Friday, May 11, 2018.
Useful Articles
RHP