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Subh Tex IPO is a fixed price issue of ₹3.50 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹3.50 crore.
Subh Tex IPO bidding started from Sep 30, 2013 and ended on Oct 7, 2013. The shares got listed on BSE SME on Oct 22, 2013.
Subh Tex IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Basan Financial Services Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Basan Equity Broking Ltd..
Refer to Subh Tex IPO RHP for detailed Information.
| IPO Date | September 30, 2013 to October 7, 2013 |
| Listing Date | October 22, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,00,000 shares (aggregating up to ₹3.50 Cr) |
| Reserved for Market Maker | 1,80,000 shares Basan Equity Broking Ltd. (aggregating up to ₹0.1800 Cr) |
| Net Offered to Public | 33,20,000 shares (aggregating up to ₹3.32 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,10,00,000 shares |
Subh Tex India IPO offers total 35,00,000 shares. Out of which 16,60,000 (47.43%) allocated to NII, 16,60,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,000 (5.14%) |
| NII (HNI) Shares Offered | 16,60,000 (47.43%) |
| Retail Shares Offered | 16,60,000 (47.43%) |
| Total Shares Offered | 35,00,000 (100.00%) |
Subh Tex IPO opens on September 30, 2013, and closes on October 7, 2013.
| IPO Open Date | Mon, Sep 30, 2013 |
| IPO Close Date | Mon, Oct 7, 2013 |
| Tentative Listing Date | Tue, Oct 22, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 7, 2013 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2003, Subh Tex India Limited Ltd is an ISO 9001:2008 certified company and engaged in the business of manufacturing fabric viz suiting & shirting for the domestic and international market. They export their finished suiting to various countries in the Middle East region. Also, They do trading activities of various materials (semi-finished and finished products) in the textile market.
Company is involved in trading of various textile products which are of high quality and also bulk trading. Also they plan to leverage on the marketing exposure and contacts which they generate their trading activities which will be useful for converting trading clients as clients of manufactured products. Company manufacturers suiting and shirting for which it has installed 76 Sulzer looms at its plant in Silvassa.
| KPI | Values |
|---|---|
| RoNW | 0.83% |
The Company Subh Tex 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 | Meeting Additional Working Capital Requirements | 3.00 |
| 2 | Public Issue Expenses | 0.50 |
[Dilip Davda] Stay Away. The asking price on fully diluted equity is at a P/E of 500 and thus even at par offer with entry barrier is not worth. As this is being the first IPO from Basan Financial from Hyderabad we have no track records. Read detail review...
| Listing Date | October 22, 2013 |
| BSE Script Code | 536671 |
| NSE Symbol | |
| ISIN | INE427O01018 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹12.00 |
| Low | ₹12.00 |
| High | ₹12.60 |
| Last Trade | ₹12.60 |
Subh Tex (India) Ltd.
18, Surti Chamber,
2nd Dhobi Talao Lane,
Mumbai, Maharashtra, 400002
Phone: +91 22 2203 6030
Email: subhtexindia@gmail.com
Website: http://www.subhtexindia.com
Sharepro Services Pvt.Ltd.
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website:
Subh Tex IPO is a SME IPO of 35,00,000 equity shares of the face value of ₹10 aggregating up to ₹3.50 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on September 30, 2013, and closes on October 7, 2013.
Sharepro 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 Subh Tex IPO using UPI as a payment gateway. Zerodha customers can apply in Subh Tex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Subh Tex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Subh Tex IPO opens on September 30, 2013 and closes on October 7, 2013.
Subh Tex IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Subh Tex 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 Subh Tex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Subh Tex IPO allotment status.
The Subh Tex IPO listing date is on Tuesday, October 22, 2013.
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