The Angel Fibers IPO date has been confirmed from February 20, 2018 and ended on February 23, 2018.
Using an IPO, Angel Fibers is seeking to raise Rs 18.22 crores. Its price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
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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
Angel Fibres’ initial public offering (IPO) has a set price of Rs 18.22 crores. The offering consists fully of 67.48 lakh shares for sale. Bidding for Angel Fibres’ initial public offering (IPO) began on February 20, 2018 and finished on February 23, 2018. On March 6, 2018, the shares were listed on the BSE SME. The IPO price for Angel Fibres is ₹27 per share. A lot size of 4000 shares is required for an application.
AFL sells its products in domestic and international markets. Retail investors must make a minimum commitment 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
Angel Fibres Limited, founded in 2014, is in the cotton yarn spinning business. They also deal in cotton waste, which is a byproduct. They create, manufacture, market, and service high-quality yarn goods. Cotton carded, combed, and compact yarns are available, as well as cotton waste products. The company’s goods are used to make bed sheets, socks, knitted fabrics, shirting, sheeting, and bottom weights, among other things.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Angel Fibers Ltd |
| Phone number | +91 94267 85557 |
| Email ID | cs@angelfibers.com |
| Website | angelfibers.com |
IPO Strenghts
- 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.
