Bookbuilding IPO | ₹31 Cr | Listed at BSE SME | Tue, Dec 19, 2023 - Thu, Dec 21, 2023
Shanti Spintex IPO is a book build issue of ₹31.25 crores. The issue is a combination of fresh issue of 0.27 crore shares aggregating to ₹18.82 crores and offer for sale of 0.18 crore shares aggregating to ₹12.43 crores.
Shanti Spintex IPO bidding started from Dec 19, 2023 and ended on Dec 21, 2023. The allotment for Shanti Spintex IPO was finalized on Dec 22, 2023. The shares got listed on BSE SME on Dec 27, 2023.
Shanti Spintex IPO price band is set at ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Hem Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Shanti Spintex IPO RHP for detailed Information.
IPO Open
Tue, Dec 19, 2023
IPO Close
Thu, Dec 21, 2023
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹118.22 Cr
| IPO Date | 19 to 21 Dec, 2023 |
| Listed on | Wed, Dec 27, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 44,64,000 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 2,24,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 24,64,000 shares (agg. up to ₹17 Cr) |
| Offer for Sale | 17,76,000 shares of ₹10 (agg. up to ₹12 Cr) |
| Net Offered to Public | 42,40,000 shares (agg. up to ₹30 Cr) |
| Share Holding Pre Issue | 1,42,00,000 shares |
| Share Holding Post Issue | 1,68,88,000 shares |
| BSE Script Code | 544059 |
| ISIN | INE0QZQ01019 |
Shanti Spintex IPO comprises a total issue size of 44,64,000 shares. The net offer to the public is 42,40,000 shares, after excluding 2,24,000 shares allotted on a firm basis. Of the Net offer 21,20,000 (50.00%) are allocated to QIB, 6,36,000 (15.00%) allocated to NII 14,84,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,20,000 | 50.00% | 47.49% |
| − Anchor Investor Shares Offered | 12,72,000 | 28.49% | |
| − QIB (Ex. Anchor) Shares Offered | 8,48,000 | 19.00% | |
| NII (HNI) Shares Offered | 6,36,000 | 15.00% | 14.25% |
| Retail Shares Offered | 14,84,000 | 35.00% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,24,000 | 5.02% | |
| Total Shares Offered | 44,64,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Shanti Spintex IPO raises ₹8.90 crore from anchor investors. Shanti Spintex IPO Anchor bid date is December 18, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 18, 2023 |
| Shares Offered | 12,72,000 |
| Anchor Portion (₹ Cr.) | 8.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jan 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Mar 21, 2024 |
Incorporated in 2010, Shanti Spintex Limited manufactures and sells denim fabrics.
Shanti Spintex manufactures power stretch spandex denim, knit denim, lightweight denim, rigid denim, overdyed denim and flat-finished 3/1 denim. These fabrics are available in various shades such as Indigo Blue, IBST, Sulfur Black, Sulfur Gray, Halogen Blue and Ecru with weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths from 62" (157 cm) to 78" (198 cm).
The company also produces gray fabrics in a variety of weaves including twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave.
The company's manufacturing facility is located in Ahmedabad, Gujrat, and is spread over an area of 8660 square meters. The facility has 96 airjet weaving machines with a weaving capacity of 1,92,72,000 meters of denim fabric
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 174.57 | 175.88 | 136.31 | 119.27 |
| Total Income | 162.38 | 370.71 | 255.27 | 112.94 |
| Profit After Tax | 5.24 | 10.13 | 4.87 | 3.38 |
| NET Worth | 61.22 | 56.04 | 46.23 | 41.36 |
| Reserves and Surplus | 47.02 | 48.94 | 39.13 | 34.26 |
| Total Borrowing | 34.74 | 41.78 | 48.69 | 42.79 |
| 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 requirements | 17.55 |
| 2 | General Corporate Purpose | 0.01 |
| KPI | |
|---|---|
| ROE | 19.81% |
| ROCE | 10.12% |
| Debt/Equity | 0.75 |
| RoNW | 18.07% |
| PAT Margin | 2.73% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.13 | |
| P/E (x) | 9.82 | 11.67 |
| Promoter Holding | 87.49% | 73.57% |
| Market Cap | ₹118.22 Cr. |
The Shanti Spintex IPO is subscribed 27.38 times on December 21, 2023 7:02:00 PM (Day 3). The public issue subscribed 22.01 times in the retail category, 14.34 times in the QIB category, and 57.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 14.34 | 8,48,000 | 1,21,58,000 |
| NII* | 57.28 | 6,36,000 | 3,64,32,000 |
| Retail | 22.01 | 14,84,000 | 3,26,70,000 |
| Total | 27.38 | 29,68,000 | 8,12,60,000 |
Total Application : 18,290
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.20 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.10 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.07 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Legal Advisors | 0.03 |
| 7 | Others (Underwriting fees, Commission, Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Offer and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | 1.64 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹76.00 |
| Low | ₹76.00 |
| High | ₹79.80 |
| Last Trade | ₹79.80 |
Lead Manager Reports
Shanti Spintex IPO is a SME IPO of 44,64,000 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Dec 19, 2023, and closes on Thu, Dec 21, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shanti Spintex IPO using UPI as a payment gateway. Zerodha customers can apply in Shanti Spintex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shanti Spintex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shanti Spintex IPO opens on Tue, Dec 19, 2023 and closes on Thu, Dec 21, 2023.
Shanti Spintex IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Shanti 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 Shanti Spintex IPO will be done on Friday, December 22, 2023, and the allotted shares will be credited to your demat account by Tue, Dec 26, 2023. Check the Shanti Spintex IPO allotment status.
The Shanti Spintex IPO listing date is on Wed, Dec 27, 2023.
