Shanti Spintex Limited IPO

BSE SME

Listed On: Dec 27, 2023 at ₹ 76.0

₹ 140000 /2000 Shares

Check Allotment

Shanti Spintex Limited IPO Details

19 Dec, 2023

Open Date

21 Dec, 2023

Close Date

22 Dec, 2023

Allotment Date

27 Dec, 2023

Listing Date

Issue Price

₹66-70 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Kfin Technologies Limited

List Price

76.0

Listing Date

2023-12-27

Market Lot

2000 Shares (₹140,000/-)

Lead Manager

Hem Securities Limited

Issue Size

4,464,000 shares(aggregating up to ₹31.25 Cr)

Retail Portion

35%

Subscription

25.53 times

IPO Docs

DRHP RHP

Shanti Spintex Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	848,000 / 636,000	1,484,000	2,968,000
Day 1 - 19-12-23 06:00 PM	2.08 / 2.75 x	1.84 x	2.11 x
Day 2 - 20-12-23 06:00 PM	4.49 / 5.66 x	6.19 x	5.59 x
Day 3 - 21-12-23 06:00 PM	14.34 / 42.62 x	22.01 x	25.53 x

Shanti Spintex Limited Valuations

Earnings Per Share (EPS)

₹7.13/-

P/E Ratio

9.81

RoNW

18.07%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Shanti Spintex Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	17,588.33	13,631.33	11,926.82
Revenue	37,071.27	25,526.51	11,293.73
Profit After Tax	1,012.81	486.59	337.53

About The Company

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 - Promoter(s)

Pre Issue Share Holding: 87.49%

Post Issue Share Holding: 73.57%

Company Promoter(s)

Bharat Bhushan Omprakash Agarwal
Rikin Bharatbhushan Agarwal

Shanti Spintex Limited IPO - Issue Objectives

To meet Working Capital requirements
General Corporate Purposes.

Shanti Spintex Limited IPO - FAQs

Ans. Shanti Spintex Limited IPO is a SME IPO. The issue is priced at ₹66-70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Dec 19, 2023, and closes on Dec 21, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Shanti Spintex Limited IPO opens on Dec 19, 2023 and closes on Dec 21, 2023.

Ans. The size of Shanti Spintex Limited IPO is 4,464,000 shares(aggregating up to ₹31.25 Cr).

Ans. The IPO price band is set between ₹66-70 per equity share.

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

- Open the IPO Ji App or Website
- Find Shanti 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 Shanti Spintex Limited IPO is Dec 22, 2023.

Ans. The Shanti Spintex Limited IPO will be listed on Dec 27, 2023.

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