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– Details
| IPO Opening Date | 19 December 2023 |
| IPO Closing Date | 21 December 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 44,64,000 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 Lot | 2000 Shares |
| Min Order | 2000 Shares ( 1 Lot ) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Shanti Spintex IPO – Date Schedule
| IPO Open Date | 19 December 2023 |
| IPO Close Date | 21 December 2023 |
| Basis of Allotment | 22 December 2023 |
| Initiation of Refund | 26 December 2023 |
| Credit of Shares to Demat Account | 26 December 2023 |
| IPO Listing Date | 27 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 21, 2023 |
Shanti Spintex IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,40,000 |
| Retail (Maximum) | 1 | 2000 | 1,40,000 |
| HNI (Minimum) | 2 | 4000 | 2,80,000 |
Company Promoters
- Bharat Bhushan Omprakash Agarwal
- Rikin Bharatbhushan Agarwal
Object Of The Issue
- To meet working capital requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 112.93 | 108.24 | 3.37 | 42.78 |
| 31 March 2022 | 255.26 | 249.49 | 4.86 | 48.68 |
| 31 March 2023 | 370.71 | 356.57 | 10.12 | 41.77 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 9.81 |
| ROE | 19.81% |
| ROCE | 10.12% |
| Debt/Equity | 0.75 |
| EPS (Rs) | 7.13 |
| RoNW | 18.07% |
Shanti Spintex IPO Promoter Holding
| Pre Issue Share Holding | 87.49% |
| Post Issue Share Holding | 73.57% |
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 Email: info@shantispintex.com Website: https://www.shantispintex.com/ |
Shanti Spintex IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: ssl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Shanti Spintex IPO Lead Manager(s)
| 1. Hem Securities Limited |
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. |
