Shanti Spintex IPO GMP offering will begin from December 19, 2023 and closes on December 21, 2023 . Read the post to learn about Shanti Spintex IPO GMP.
The company plans to use an IPO, which is a BSE SME IPO and it is available for Rs 31.25 crores right now to raise funds through this option. The price range is fixed between ₹66- ₹70 per share. Use our AI to write for you about any topic! You have the opportunity to get a complete education.
There is a need to minimum lot size requirement of 2000 Shares for any application The investor will need to put at least ₹140,000. It should be noted, even though this might seem like a big amount, it only refers to the mutual fund assets. For the HNI class, the minimum amount is 2 lots (4000 shares) which gives a total of ₹240,000.
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Key Details Of Shanti Spintex IPO:
Bidding Dates
December 19-21
Price Range
₹66 to ₹70 per share
Face Value
₹10 per share
GMP
15
Shanti Spintex IPO GMP
The Shanti Spintex Limited IPO GMP Today is ₹15.
IPO Overview
Shanti Spintex IPO is book-built subscription in Rs. 31.25 crore against the base price. Accordingly, the issue comprises 26.88 lakh shares worth Rs 18.82 crore and additional 17.76 lakh shares worth Rs 12.43 crore to be sold off as part of Offer for Sale. If you want to subscribe to Shanti Spintex IPO which will be released on December 19, 2023 till December 21, 2023, you can go to the Euronext Borsa Paris website or contact you nearest brokerage firm. Participating through application for Shanti Spintex IPO allotment is expected to come to its end on Friday, December 22, 2023. The Shanti Spintex IPO shall be listed on BSE-SME on 27th of December, Wednesday.
Shanti Spintex’s IPO will offer one of the choices mentioned ranges form 66 to 70 cents per share. 2000 shares holding needs to be fixed in an application for the lot size. Retail investors are required to at least shed an investment of $140,000. The minimum investment amount for HNI is USD 4,000,000 for 2 lots, which is equal to system-50 and system-100 respectively. The industrial plating plant of the company has been located in the city of Ahmedabad, in the state of Gujarat, and covers the area of 8660 square metres. This plant consists of 96 airjet weaving machines which are able to produce an enormous 1,92,72,000 metres of denim fabric.
Shanti Spintex IPO Details
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,464,000 shares (aggregating up to ₹31.25 Cr) |
| Fresh Issue | 2,688,000 shares (aggregating up to ₹18.82 Cr) |
| Offer for Sale | 1,776,000 shares of ₹10 (aggregating up to ₹12.43 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,200,000 |
| Share holding post issue | 16,888,000 |
| Market Maker portion | 224,000 shares |
Shanti Spintex Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 112.80 | 254.91 | 370.33 |
| Expenses | 108.25 | 249.50 | 356.57 |
| Net income | 3.38 | 4.87 | 10.13 |
Shanti Spintex IPO Dates & Listing Performance
| IPO Open Date | Tuesday, December 19, 2023 |
| IPO Close Date | Thursday, December 21, 2023 |
| Basis of Allotment | Friday, December 22, 2023 |
| Initiation of Refunds | Tuesday, December 26, 2023 |
| Credit of Shares to Demat | Tuesday, December 26, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2023 |
Company Profile
Spintex Limited named Shanti, was established in 2010 and is the sewing and selling of denim fabrics. S-stretch power spandex denim, knit denim, lightweight denim, stiff denim, overdyed denim, and flat-finished 3/1 denim are the products which are produced in Shanti Spintex. These fabrics are available in various colors like Indigo Blue, Indigo Black, Sulphur Black, Sulphur Grey, Halogen Blue, and Ecru ranging around 4.50 Oz/sq.yd.to 14.50 Oz/sq. and width from 157 cm to 198 cm, to build models of different scales.
Registrar Info
| Name | KFIN TECHNOLOGIES LIMITED |
| Phone number | 914067162222 |
| Email ID | [email protected] |
| Website | www.kfintech.com |
Contact Details
| Name | SHANTI SPINTEX LIMITED |
| Phone number | +91-98258 01039 |
| Email ID | [email protected] |
| Website | shantispintex.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.
Shanti Spintex IPO FAQs
What is the Shanti Spintex offer price band?
Shanti Spintex public offer price is INR per share.
What is the lot size of the Shanti Spintex IPO?
Shanti Spintex offer lot size is shares.
What is Shanti Spintex IPO GMP today?
Shanti Spintex IPO GMP today is INR NA per share.
What is Shanti Spintex IPO GMP today?
Shanti Spintex IPO GMP today is INR NA per share.
What is the Shanti Spintex kostak rate today?
Shanti Spintex kostak rate today is NA per application.
What is Shanti Spintex Subject to Sauda rate today?
Shanti Spintex Subject to Sauda rate today is INR NA per application.
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