Shanti Spintex IPO: The Shanti Spintex initial public offering (IPO) is scheduled to commence on December 19 and conclude on December 21. Shanti Spintex is an NSE SME IPO candidate seeking to raise 31.25 crores. The fixed price range for the Shanti Spintex initial public offering is ₹66 to ₹70, with a market lot of 2000 shares.
IPO of Shanti Spintex
12 New Companies Set to Raise ₹4,600 Crore in Upcoming IPOs
Commissary of Contents
- Review of Shanti Spintex’s IPO
- Specifics on the Shanti Spintex IPO Date and Price Band
- Lot in the Shanti Spintex IPO Market
- Dates of Shanti Spintex’s IPO
- Form of Shanti Spintex IPO
- Schanti Spintex Organizational Financial Statement
- Valuation of Shanti Spintex’s IPO for FY2023
- Collegial Group
- Promotional Firms
- Shanti Spintex Registrar of IPOs
- Status of Shanti Spintex IPO Allotments
- Lead Managers for the IPO of Shanti Spintex, also known as merchant bankers
- Organizational Address
- FAQs on Shanti Spintex’s IPO
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Shanti Spintex Limited produces an extensive range of denim fabrics, including over-dyed denim, flat-finish 3/1 denim, power stretch spandex denim, knit denim, lightweight denim, and rigid denim. Grey fabrics in a variety of patterns, including twill weave, knit dobby weave, structure dobby weave, broken twill weave, and satin weave, are within the capacity of the manufacturing facility.
Denim fabrics are available at Shanti Spintex in an extensive variety of hues, including halogen blue, indigo blue, IBST, sulfur black, sulfur grey, and ecru. The fabric weights vary between 4.50 Oz/sq. yd. and 14.50 Oz/sq. yd., while the widths extend from 62″ (157cm) to 78″ (198cm). The Dholi unit of the organization is equipped with 96 air-jet looms, with an annual installed capacity of 1,92,72,000 meters of denim fabric.
The Subjects Under Discussion:
- To fulfill working capital obligations
- Broad corporate objectives.
Review of Shanti Spintex’s IPO
- Potentially Applying
Shanti Spintex IPO Date and Price Band Details
| IPO Open: | December 19, 2023 |
| IPO Close: | December 21, 2023 |
| IPO Size: | Approx. ₹31.25 crore, 2,688,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹66 to ₹70 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Shanti Spintex IPO Market Lot
The Shanti Spintex IPO minimum market lot is 2000 shares with a ₹140,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| S-HNI Minimum | 2 | 4000 | ₹280,000 |
Shanti Spintex IPO Dates
The Shanti Spintex IPO date is December 19, and the IPO close date is December 21. The IPO allotment date is December 22, and the IPO might be listed on December 27.
| IPO Open Date: | December 19, 2023 |
| IPO Close Date: | December 21, 2023 |
| Basis of Allotment: | December 22, 2023 |
| Refunds: | December 26, 2023 |
| Credit to Demat Account: | December 26, 2023 |
| IPO Listing Date: | December 27, 2023 |
Form of Shanti Spintex IPO
How do I apply for the Shanti Spintex IPO? You are eligible to register for the Shanti Spintex IPO using the ASBA funds in your bank account. Simply access the online bank login page and select the Shanti Spintex IPO in the Invest section to submit an application using your bank account. Alternatively, you may apply for the Shanti Spintex IPO by downloading IPO forms from the BSE website. Download, complete, and submit the Shanti Spintex forms via the BSE IPO Forms link at your bank or with your broker.
Shanti Spintex Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹112.94 | ₹108.25 | ₹3.38 |
| 2022 | ₹255.27 | ₹249.50 | ₹4.87 |
| 2023 | ₹370.70 | ₹356.57 | ₹10.13 |
| 2024 6M | ₹162.38 | ₹155.20 | ₹5.24 |
Shanti Spintex IPO Valuation – FY2023
Check Shanti Spintex IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.13 per Equity Share |
| Price/Earning P/E Ratio: | 31.34 |
| Return on Net Worth (RoNW): | 18.07% |
| Net Asset Value (NAV): | ₹39.46 per Equity Share |
Collegial Group
- Jindal Global Limited
- The R&B Denims Company
- Tex India Limited Manomay
- Gujarat United Polyfab Ltd.
Promotional Firms
- Omprakash Bhushan Bharat Bhushan Agarwal
- Agarwal Rikin Bharat Bhushan
Shanti Spintex Registrar of IPOs
Kfin Technologies Limited Registrar of the Shanti Spintex IPO Telephone: 04067162222, 0407961100
Ipostatus is available at https://kosmic.kfintech.com.
Status of Shanti Spintex IPO Allotments
Check the status of Shanti Spintex’s IPO allocations at the KFintech website URL. Proceed Here
Lead Managers for the IPO of Shanti Spintex, also known as merchant bankers
- Hem Limited Securities
Organizational Address
Details of the Shanti Spintex Limited Contact
Dholi Integrated Spinning Park Limited, Sub-Plot 1, Unit 1, Survey No. 297, Dholi, Dholka, Ahmedabad 382 240, Shanti Spintex Limited; Telephone: +91-98258 01039; Email: info@shantispintex.com.
The address of the site is https://www.shantispintex.com.
FAQs on Shanti Spintex’s IPO
Describe the Shanti Spintex IPO.
The IPO of Shanti Spintex is a BSE SME IPO. They intend to raise 31.25 Crores through an IPO. The issue’s price per equity share ranges between 66 and 70. The IPO is scheduled for BSE listing.
When will the Shanti Spintex IPO go live?
The IPO is scheduled to open for QIB, NII, and retail investors on December 19, 2023.
What is the portion of Shanti Spintex’s IPO that investors receive?
Investors contribute 50% to QIB, 15% to NII, and 35% to Retail.
How to Apply for the Shanti Spintex IPO?
Applying for the Shanti Spintex IPO through ASBA online with a bank account is possible. Additionally, you may submit an ASBA application online via UPI via your stock brokers. Additionally, you may submit your application through your stock brokers by completing the offline form.
How Does One Implement the Shanti Spintex IPO via Zerodha?
Access the Console via the Zerodha application or website. Navigate to Portfolio and select IPO. The IPO name “Shanti Spintex” will be displayed. Select the Bid button. Enter the quantity, price, and UPI ID. IPO Application Form Submission. Proceed to the UPI App on your Net Banking or BHIM App to authorize the mandate. Create a Demat Account through Zerodha.
How Does One Implement the Shanti Spintex IPO via Upstox?
Enable the Upstox Application by entering your login credentials. Opt for the IPO. The IPO name “Shanti Spintex” will be displayed. Select the Bid button. Please verify your application. Proceed to the UPI App on your Net Banking or BHIM App to authorize the mandate. Create a Demat Account through Upstox.
How Does One Complete the Shanti Spintex IPO Application via Paytm Money?
Enable the Paytm Money Application by entering your login credentials. Opt for the IPO. The IPO name “Shanti Spintex” will be displayed. Select the Bid button. Please verify your application. Proceed to the UPI App on your Net Banking or BHIM App to authorize the mandate. Create a Demat Account through Paytm Money.
How Much Does Shanti Spintex’s IPO Cost?
The magnitude of Shanti Spintex’s IPO is 31.25 crores.
The Shanti Spintex IPO Price Band is what?
The price range for Shanti Spintex IPO shares is ₹66 to ₹70 per share.
What are the minimum and maximum lot sizes for the Shanti Spintex IPO?
The IPO offer is 140,000 ₹ for 2000 shares.
When will Shanti Spintex issue IPO allotments?
The date of allotment for Shanti Spintex’s IPO is December 22, 2023.
When will the IPO of Shanti Spintex be listed?
The IPO listing date for Shanti Spintex is December 27, 2023. A BSE SME listing for the IPO.
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