Fixed Price IPO | ₹18 Cr | Listed at BSE SME | Tue, Feb 20, 2018 - Fri, Feb 23, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Feb 20, 2018
IPO Close
Fri, Feb 23, 2018
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹67.50 Cr
| IPO Date | 20 to 23 Feb, 2018 |
| Listed on | Tue, Mar 6, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 67,48,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 3,40,000 shares Guiness Securities Ltd. (agg. up to ₹0.9180 Cr) |
| Offer for Sale | 64,08,000 shares of ₹10 (agg. up to ₹17 Cr) |
| Net Offered to Public | 64,08,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 2,50,00,000 shares |
| Share Holding Post Issue | 2,50,00,000 shares |
| BSE Script Code | 541006 |
| ISIN | INE339Z01011 |
Angel Fibers IPO comprises a total issue size of 67,48,000 shares. The net offer to the public is 64,08,000 shares, after excluding 3,40,000 shares allotted on a firm basis. Of the Net offer 32,04,000 (50.00%) allocated to NII 32,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 32,04,000 | 50.00% | 47.48% |
| Retail Shares Offered | 32,04,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,40,000 | 5.04% | |
| Total Shares Offered | 67,48,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Angel Fibers IPO is subscribed 3.86 times on February 23, 2018 5:00:00 PM (Day 4). The public issue subscribed 6.11 times in the retail category, [.] times in the QIB category, and 1.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| NII* | 1.61 | 32,03,000 | 51,56,830 | |
| Retail | 6.11 | 32,03,000 | 1,95,70,330 | |
| Total | 3.86 | 64,06,000 | 2,47,27,160 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.20 |
| 2 | Regulatory fees | 0.11 |
| 3 | Market Making Fees | 0.02 |
| 4 | Underwriting Commission & Marketing Expenses | 0.69 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹28.50 |
| Low | ₹27.10 |
| High | ₹28.50 |
| Last Trade | ₹27.10 |
Lead Manager Reports
Angel Fibers IPO is a SME IPO of 67,48,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Feb 20, 2018, and closes on Fri, Feb 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 Tue, Feb 20, 2018 and closes on Fri, Feb 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 Tue, Mar 6, 2018.
