The Akshar Spintex date has been confirmed from April 27, 2018 and ended on May 3, 2018. Read the post to learn about Akshar Spintex IPO GMP.
Akshar Spintex Developers is launching an IPO with a fixed price value of Rs 26.99 crores. Investors can acquire shares of Akshar Spintex Developers at ₹40 per share through the IPO. The company’s IPO represents a great chance for early investors to profit from its potential success. Investors interested in the Akshar Spintex Developers IPO must apply for a minimum of 3000 shares. The minimum required investment for retail investors stands at ₹120,000.
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Bidding Dates
April 27-May 3
Price Range
₹40 per share
Face Value
₹10 per share
GMP
₹4.85
Akshar Spintex IPO GMP
The Akshar Spintex IPO GMP is Today ₹4.85.
IPO Overview
Akshar Spintex’s IPO stands at a fixed price, valued at Rs 26.99 crores. The auction for Akshar Spintex’s IPO initiated on April 27, 2018, and ended on May 3, 2018. On May 11, 2018, shares became listed on the BSE SME. Akshar Spintex is offering its shares at ₹40 apiece in its IPO. Akshar Spintex IPO GMP is Today ₹4.85. The IPO offers the company a chance to make its growth strategy and advantages clear to potential investors.
Currently, the company has 216 individuals on its payroll. A minimum of 3000 shares is required for the application process. To take part, retail investors must commit a minimum of ₹120,000. Analysts cast the company’s IPO prospectus carefully for clues to what may lie ahead in its future operations and positioning within the market.
Akshar Spintex IPO Details
| IPO Date | April 27, 2018 to May 3, 2018 |
| Listing Date | May 11, 2018 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,747,000 shares (aggregating up to ₹26.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 345,000 shares |
Akshar Spintex Company Financials
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
| Total Assets | 8218.88 | 7487.82 | 7029.73 | 2479.56 | ||
| Total Revenue | 9038.94 | 5984.38 | 1561.73 | 0 | ||
| Profit After Tax | 538.61 | 266.94 | (51.25) | 0 | ||
Akshar Spintex IPO Listing Details
| Listing Date | May 11, 2018 |
| BSE Script Code | 541303 |
| NSE Symbol | AKSHAR |
| ISIN | INE256Z01017 |
| Final Issue Price | ₹40 per share |
Company Profile
Founded in 2013, Akshar Spintex Limited is a prominent cotton yarn manufacturer situated in Gujarat. The company’s production line encompasses combed, semi-combed, and carded options for 100% cotton yarn. The company’s manufacturing site is strategically positioned amidst Gujarat’s bountiful cotton farming areas. Within the company, there are 24,480 spindles of installed capacity. The company’s IPO must deliver on its promises if it wants to succeed with investors.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Akshar Spintex Limited |
| Phone number | +9198252 13622 |
| Email ID | [email protected] |
| Website | aksharspintex.in |
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.
Akshar Spintex IPO FAQs
When Akshar Spintex IPO will open?
The Akshar Spintex IPO opens on April 27, 2018 and closes on May 3, 2018.
What is the lot size of Akshar Spintex IPO?
Akshar Spintex IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
When is Akshar Spintex IPO allotment?
The finalization of Basis of Allotment for Akshar Spintex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
When is Akshar Spintex IPO listing date?
The Akshar Spintex IPO listing date is on May 11, 2018.
