Shanti Spintex Limited IPO (Shanti Spintex IPO)

Shanti Spintex Limited IPO
Upcoming Shanti Spintex IPO | New Shanti Spintex IPO

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 IPO

Shanti Spintex IPO– Details

IPO Opening Date19 December 2023
IPO Closing Date21 December 2023
Issue TypeBook Built Issue IPO
Issue Size44,64,000 Shares Worth ₹31.25 Crore
Fresh Issue: 26,88,000 Shares Worth ₹18.82 Crore
Offer For Sale: 17,76,000 Shares Worth ₹12.43 Crore
Face Value₹10 per equity share
IPO Price₹66 – ₹70
Market Lot2000 Shares
Min Order2000 Shares ( 1 Lot )
Listing AtBSE SME
RegisterKfin Technologies Limited
Other Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Shanti Spintex IPO – Date Schedule

IPO Open Date19 December 2023
IPO Close Date21 December 2023
Basis of Allotment22 December 2023
Initiation of Refund26 December 2023
Credit of Shares to Demat Account26 December 2023
IPO Listing Date27 December 2023
Cut-off time for UPI mandate confirmation5 PM on Dec 21, 2023

Shanti Spintex IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,40,000
Retail (Maximum)120001,40,000
HNI (Minimum)240002,80,000

Company Promoters

  • Bharat Bhushan Omprakash Agarwal
  • Rikin Bharatbhushan Agarwal

Object Of The Issue

  • To meet working capital requirements.
  • General Corporate Purposes.
Shanti Spintex IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021112.93108.243.3742.78
31 March 2022255.26249.494.8648.68
31 March 2023370.71356.5710.1241.77
Amount in Crores

Key Performance Indicator

P/E (x)9.81
EPS (Rs)7.13

Shanti Spintex IPO Promoter Holding

Pre Issue Share Holding87.49%
Post Issue Share Holding73.57%

Shanti Spintex IPO Prospectus

Company Contact Information

Shanti Spintex Limited

Sub Plot 1, Unit 1, Survey No. 297,
Dholi Integrated Spinning Park Limited,
Dholi, Dholka, Ahmedabad – 382 240,

Phone: +91-98258 01039

Shanti Spintex IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Shanti Spintex IPO Lead Manager(s)

1. Hem Securities Limited

Shanti Spintex IPO FAQs

Shanti Spintex IPO FAQs
What is Shanti Spintex IPO?

Shanti Spintex IPO is a SME IPO. The issue is priced at ₹66 – ₹70 per equity share. The IPO is to be listed on BSE SME.
When Shanti Spintex IPO will open?

The IPO is to open on 19 December 2023 for QIB- 50%, Retail – 35% and NII – 15% Investors.
How to Shanti Spintex IPO?

You can apply Shanti Spintex IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Shanti Spintex IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Shanti Spintex”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Shanti Spintex IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Shanti Spintex”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Shanti Spintex IPO Size?

Shanti Spintex IPO size is ₹31.25 crores.
What is Shanti Spintex IPO Price Band?

Shanti Spintex IPO Price Band is ₹66 to ₹70.
What is Shanti Spintex IPO Minimum and Maximum Lot Size?

The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 Shares with ₹1,40,000.
What is the Shanti Spintex IPO Allotment Date?

Shanti Spintex IPO allotment date is 22 December 2023.
What is the Shanti Spintex IPO Listing Date?

Shanti Spintex IPO listing date is 27 December 2023. The IPO is to list on BSE and NSE.
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