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
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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.
| 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 |
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 |
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 |
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.
| ₹ 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 |
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 |
Kfin Technologies Limited Registrar of the Shanti Spintex IPO Telephone: 04067162222, 0407961100
Ipostatus is available at https://kosmic.kfintech.com.
Check the status of Shanti Spintex’s IPO allocations at the KFintech website URL. Proceed Here
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.
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.
The IPO is scheduled to open for QIB, NII, and retail investors on December 19, 2023.
Investors contribute 50% to QIB, 15% to NII, and 35% to Retail.
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.
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.
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.
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.
The magnitude of Shanti Spintex’s IPO is 31.25 crores.
The price range for Shanti Spintex IPO shares is ₹66 to ₹70 per share.
The IPO offer is 140,000 ₹ for 2000 shares.
The date of allotment for Shanti Spintex’s IPO is December 22, 2023.
The IPO listing date for Shanti Spintex is December 27, 2023. A BSE SME listing for the IPO.
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