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Angel Fibers IPO is a fixed price issue of ₹18.22 crores. The issue is entirely an offer for sale of 0.67 crore shares of ₹18.22 crore.
Angel Fibers IPO bidding started from Feb 20, 2018 and ended on Feb 23, 2018. The shares got listed on BSE SME on Mar 6, 2018.
Angel Fibers IPO price is ₹27.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,16,000.
Oneview Corporate 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 Guiness Securities Ltd..
Refer to Angel Fibers IPO RHP for detailed Information.
| IPO Date | February 20, 2018 to February 23, 2018 |
| Listing Date | March 6, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 67,48,000 shares (aggregating up to ₹18.22 Cr) |
| Reserved for Market Maker | 3,40,000 shares Guiness Securities Ltd. (aggregating up to ₹0.9180 Cr) |
| Net Offered to Public | 64,08,000 shares (aggregating up to ₹17.30 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,50,00,000 shares |
| Share Holding Post Issue | 2,50,00,000 shares |
Angel Fibers IPO offers total 67,48,000 shares. Out of which 32,04,000 (47.48%) allocated to NII, 32,04,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,40,000 (5.04%) |
| NII (HNI) Shares Offered | 32,04,000 (47.48%) |
| Retail Shares Offered | 32,04,000 (47.48%) |
| Total Shares Offered | 67,48,000 (100.00%) |
Angel Fibers IPO opens on February 20, 2018, and closes on February 23, 2018.
| IPO Open Date | Tue, Feb 20, 2018 |
| IPO Close Date | Fri, Feb 23, 2018 |
| Tentative Listing Date | Tue, Mar 6, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 23, 2018 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
Incorporated in 2014, Angel Fibers Limited is engaged in the business of spinning of cotton yarn. They are also trading in a by-product i.e. cotton waste. They develop, manufacture, market and support quality yarn products. The company offers cotton carded, combed, and compact yarns and trades in cotton waste products.
Company products are used in making bed sheets, socks, knitted fabrics, shirting,sheeting and bottom weightsetc. AFL sells its products in domestic and international markets.
| Particulars | For the year/period ended (in Rs. lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
| Total Assets | 8514.35 | 8140.92 | 5175.87 | 182.23 | ||
| Total Revenue | 8873.73 | 5101.77 | 0 | 0 | ||
| Profit After Tax | 1,855.56 | 653.43 | -0.42 | 0 | ||
[Dilip Davda] <p>Considering its performance issue appears reasonably priced. However, it has just achived par value and has arrested negative trends with current working. Hence one may consider moderate investment for long term.</p> Read detail review...
| Listing Date | March 6, 2018 |
| BSE Script Code | 541006 |
| NSE Symbol | |
| ISIN | INE339Z01011 |
| Final Issue Price | ₹27 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹28.50 |
| Low | ₹27.10 |
| High | ₹28.50 |
| Last Trade | ₹27.10 |
Angel Fibers Ltd.
Shop No.6 Shivalik-2, University Rd,
Near Pushkardham Temple,
Sadguru Nagar,
Rajkot, Gujarat, 360005
Phone: +91 94267 85557
Email: cs@angelfibers.com
Website: http://www.angelfibers.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Angel Fibers IPO is a SME IPO of 67,48,000 equity shares of the face value of ₹10 aggregating up to ₹18.22 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on February 20, 2018, and closes on February 23, 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 Angel Fibers IPO using UPI as a payment gateway. Zerodha customers can apply in Angel Fibers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Angel Fibers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Angel Fibers IPO opens on February 20, 2018 and closes on February 23, 2018.
Angel Fibers IPO lot size is 4000, and the minimum amount required for application is ₹1,08,000.
You can apply in Angel Fibers 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 Angel Fibers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Angel Fibers IPO allotment status.
The Angel Fibers IPO listing date is on Tuesday, March 6, 2018.
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