IPO

Akshar Spintex Limited IPO

BSE SME

Offer Date: Apr 27, 2018 - May 3, 2018

₹ 120000 /3000 Shares

IPO Details

27 Apr, 2018

Open Date

03 May, 2018

Close Date

09 May, 2018

Allotment Date

11 May, 2018

Listing Date

Issue Price

Rs 40 Per Equity Share 

Face Value

Rs 10 Per Equity Share 

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt. Ltd

Market Lot

3000 Shares (Rs 1,20,000/-)

Lead Manager

PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED

Issue Size

67,47,000 Equity Shares of Rs 10/- each at a price of 40/- per share aggregating to 26.99 Cr

Retail Portion

N/A

Subscription

3,51,36,000 5.49 times

IPO Docs

No related IPO documents available.

IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved32,01,00032,01,00064,02,000
Day 1 - 27-04-1811,67,000 0.36 x33,21,000 1.04 x44,88,000 0.70 x
Day 2 - 30-04-1811,67,000 0.36 x37,38,000 1.17 x49,05,000 0.77 x
Day 3 - 02-05-1814,61,000 0.46 x1,20,03,000 3.75 x1,34,64,000 2.10 x
Day 3 - 03-05-1855,32,000 1.73 x2,96,04,000 9.25 x3,51,36,000 5.49 x

Valuations

Earnings Per Share (EPS)

Rs 2.15

P/E Ratio

18.57

RoNW

17.08%

Net Asset Value (NAV) ( Post Issue )

Rs 15.33

Company Financials All values are in ₹ Cr.

- Promoter(s)

Company Promoter(s)

  1. Mr. Ashok Bhalala
  2. Mr. Amit Gadhiya
  3. Mr. Harikrishna Chauhan
  4. Mrs. Rekhaben Chauhan

IPO - Issue Objectives

  1. Funding the working capital requirements of the Company.
  2. For general corporate purposes.

IPO - FAQs

Ans. Akshar Spintex Limited IPO is a SME IPO. The issue is priced at Rs 40 Per Equity Share . The minimum order quantity is 3000 Shares. The IPO opens on Apr 27, 2018, and closes on May 3, 2018. Bigshare Services Pvt. Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Akshar Spintex Limited IPO opens on Apr 27, 2018 and closes on May 3, 2018.

Ans. The size of Akshar Spintex Limited IPO is 67,47,000 Equity Shares of Rs 10/- each at a price of 40/- per share aggregating to 26.99 Cr.

Ans. The IPO price band is set between Rs 40 Per Equity Share .

Ans. To apply for Akshar Spintex Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Akshar Spintex Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Akshar Spintex Limited IPO is May 9, 2018.

Ans. The Akshar Spintex Limited IPO will be listed on May 11, 2018.

Ans. Follow the steps to check the allotment status for Akshar Spintex Limited IPO here.