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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 ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,32,000 (2000 shares). The minimum lot size investment for 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 Date | December 19, 2023 to December 21, 2023 |
| Listing Date | December 27, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 44,64,000 shares (aggregating up to ₹31.25 Cr) |
| Reserved for Market Maker | 2,24,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.57 Cr) |
| Fresh Issue (Ex Market Maker) | 24,64,000 shares (aggregating up to ₹17.25 Cr) |
| Offer for Sale | 17,76,000 shares of ₹10 (aggregating up to ₹12.43 Cr) |
| Net Offered to Public | 42,40,000 shares (aggregating up to ₹29.68 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,42,00,000 shares |
| Share Holding Post Issue | 1,68,88,000 shares |
Shanti Spintex IPO offers total 44,64,000 shares. Out of which 21,20,000 (47.49%) allocated to QIB, 8,48,000 (19.00%) allocated to QIB, 6,36,000 (14.25%) allocated to NII, 14,84,000 (33.24%) allocated to RII and 12,72,000 (28.49%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,24,000 (5.02%) |
| QIB Shares Offered | 21,20,000 (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 (14.25%) |
| Retail Shares Offered | 14,84,000 (33.24%) |
| Total Shares Offered | 44,64,000 (100.00%) |
Shanti Spintex IPO raises ₹8.90 crore from anchor investors. Shanti Spintex IPO Anchor bid date is December 18, 2023. Shanti Spintex IPO Anchor Investors list
| Bid Date | December 18, 2023 |
| Shares Offered | 12,72,000 |
| Anchor Portion Size (In Cr.) | 8.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 21, 2024 |
Shanti Spintex IPO opens on December 19, 2023, and closes on December 21, 2023.
| IPO Open Date | Tue, Dec 19, 2023 |
| IPO Close Date | Thu, Dec 21, 2023 |
| Tentative Allotment | Fri, Dec 22, 2023 |
| Initiation of Refunds | Tue, Dec 26, 2023 |
| Credit of Shares to Demat | Tue, Dec 26, 2023 |
| Tentative Listing Date | Wed, Dec 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 21, 2023 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 17,457.31 | 17,588.33 | 13,631.33 | 11,926.82 |
| Total Income | 16,237.63 | 37,071.27 | 25,526.51 | 11,293.73 |
| Profit After Tax | 523.75 | 1,012.81 | 486.59 | 337.53 |
| Net Worth | 6,122.31 | 5,603.93 | 4,622.73 | 4,136.14 |
| Reserves and Surplus | 4,702.31 | 4,893.93 | 3,912.73 | 3,426.14 |
| Total Borrowing | 3,474.45 | 4,177.66 | 4,868.64 | 4,278.83 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Shanti Spintex IPO is ₹118.22 Cr.
| KPI | Values |
|---|---|
| ROE | 19.81% |
| ROCE | 10.12% |
| Debt/Equity | 0.75 |
| RoNW | 18.07% |
The company proposes to utilize the funds which are being raised through the Fresh Issue, towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. The company has posted growth in its top and bottom lines for the reported periods. Based onFY2 annualized earnings, the issue appears reasonably priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | December 27, 2023 |
| BSE Script Code | 544059 |
| NSE Symbol | |
| ISIN | INE0QZQ01019 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹76.00 |
| Low | ₹76.00 |
| High | ₹79.80 |
| Last Trade | ₹79.80 |
Shanti Spintex Ltd.
Sub Plot 1, Unit 1, Survey No. 297, Dholi
Integrated Spinning Park Limited, Dholi,
Dholka, Ahmedabad – 382 240,
Dholka, Gujarat
Phone: +91-98258 01039
Email: info@shantispintex.com
Website: https://www.shantispintex.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ssl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Shanti Spintex IPO is a SME IPO of 44,64,000 equity shares of the face value of ₹10 aggregating up to ₹31.25 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on December 19, 2023, and closes on December 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 December 19, 2023 and closes on December 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 Tuesday, December 26, 2023. Check the Shanti Spintex IPO allotment status.
The Shanti Spintex IPO listing date is on Wednesday, December 27, 2023.
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