The Angel Fibers IPO date has been confirmed from February 20, 2018 and ended on February 23, 2018. Read the post to learn about Angel Fibers IPO GMP.
Angel Fibers plans to generate Rs 18.22 crores through an IPO. The price is ₹27 per share. The minimum lot size for an application is 4000 shares. The Angel Fibers Limited IPO GMP is ₹21.35. The minimum investment for retail investors is ₹108,000.
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Key Details Of Angel Fibers IPO:
Bidding Dates
February 20-23
Price Range
₹27 per share
Face Value
₹10 per share
GMP
₹21.35
Angel Fibers IPO GMP
The Angel Fibers Limited IPO GMP is ₹21.35.
IPO Overview
The IPO of Angel Fibres has a fixed price of Rs 18.22 crores. There are 67.48 lakh shares available for purchase in the offering. The IPO of Angel Fibres was put out to bidders starting on February 20, 2018, and it ended on February 23, 2018. The shares were listed on the BSE SME on March 6, 2018. Angel Fibres’ IPO price is ₹27 per share. For an application, a lot size of 4000 shares is necessary.
AFL sells its products in either regional or foreign marketplaces. Retail investors must commit a minimum of ₹100,000.
Angel Fibers IPO Details
| IPO Date | February 20, 2018 to February 23, 2018 |
| Listing Date | March 6, 2018 |
| Face Value | ₹10 per share |
| Price | ₹27 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 6,748,000 shares (aggregating up to ₹18.22 Cr) |
| Offer for Sale | 6,748,000 shares of ₹10 (aggregating up to ₹18.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Angel Fibers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹108,000 |
| Retail (Max) | 1 | 4000 | ₹108,000 |
Angel Fibers IPO Listing Details
| Listing Date | March 6, 2018 |
| BSE Script Code | 541006 |
| NSE Symbol | |
| ISIN | INE339Z01011 |
| Final Issue Price | ₹27 per share |
Company Profile
Founded in 2014, Angel Fibres Limited is a company that spins cotton yarn. They also deal in the byproduct of cotton waste. They design, produce, sell, and provide services for premium yarn goods. Cotton waste products and carded, combed, and compressed yarns are available. Among other things, the company’s products are used to manufacture bottom weights, knitted fabrics, socks, bed sheets, and shirting.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Angel Fibers Ltd |
| Phone number | +91 94267 85557 |
| Email ID | [email protected] |
| Website | angelfibers.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Angel Fibers IPO FAQs
When Angel Fibers IPO will open?
The Angel Fibers IPO opens on February 20, 2018 and closes on February 23, 2018.
What is the lot size of Angel Fibers IPO?
Angel Fibers IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.
When is Angel Fibers IPO listing date?
The Angel Fibers IPO listing date is on March 6, 2018.
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