Last updated on December 27, 2023
Shanti Spintex IPO description – Incorporated in 2010, Shanti Spintex manufacture various type of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim. The production facility can produce grey fabrics in various designs such as twill weave, knit dobby weave, structure dobby weave, broken twill weave, and satin weave.
The company offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, halogen blue, and ecru color which have weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths spanning from 62” (157cm) to 78” (198 cm). Its operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc.
Some of the major plant & machinery installed in its unit include 96 air-jet loom machines, centrifugal air compressors, air compressors, knotting machines, inspection and mending machines, hydro extractors, tumble dryers, lab washers, and lab fasteners.
Promoters of Shanti Spintex – Bharat Bhushan Omprakash Agarwal, and Rikin Bharat Bhushan Agarwal
Table of Contents
Shanti Spintex IPO Details
| Shanti Spintex IPO Dates | 19 – 21 December 2023 |
| Shanti Spintex Issue Price | INR 66 – 70 per share |
| Fresh issue | 2,688,000 shares (INR 17.74 – 18.82 crore) |
| Offer For Sale | 1,776,000 shares (INR 11.72 – 12.43 crore) |
| Total IPO size | 4,464,000 shares (INR 29.46 – 31.25 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 140,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Shanti Spintex Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 112.80 | 254.91 | 370.33 | 162.32 |
| Expenses | 108.25 | 249.50 | 356.57 | 155.20 |
| Net income | 3.38 | 4.87 | 10.13 | 5.24 |
Shanti Spintex Offer News
- Shanti Spintex RHP
- Shanti Spintex Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Shanti Spintex Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.38 | 3.43 | 7.13 |
| PE ratio | – | – | 9.26 – 9.82 |
| RONW (%) | 8.16 | 10.53 | 18.07 |
| NAV | 29.13 | 32.55 | 39.46 |
| ROCE (%) | 6.19 | 6.03 | 10.12 |
| EBITDA (%) | 10.02 | 4.67 | 5.84 |
| Debt/Equity | 1.03 | 1.05 | 0.75 |
Shanti Spintex IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 December 2023 | 10 | – | 15,000 |
| 23 December 2023 | 5 | – | 7,000 |
Shanti Spintex IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 8,48,000 | 8,60,000 | 14,84,000 | 31,92,000 |
| 21 Dec 2023 | 14.34 | 42.62 | 22.01 | 25.53 |
| 20 Dec 2023 | 4.49 | 4.44 | 6.20 | 5.27 |
| 19 Dec 2023 | 2.08 | 2.03 | 1.84 | 1.96 |
Shanti Spintex IPO Allotment Status
Shanti Spintex IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Shanti Spintex IPO Dates & Listing Performance
| IPO Opening Date | 19 December 2023 |
| IPO Closing Date | 21 December 2023 |
| Finalization of Basis of Allotment | 22 December 2023 |
| Initiation of refunds | 26 December 2023 |
| Transfer of shares to demat accounts | 26 December 2023 |
| IPO Listing Date | 27 December 2023 |
| Opening Price on BSE SME | INR 76 per share (up 8.57%) |
| Closing Price on BSE SME | INR 79.80 per share (up 14.0%) |
Shanti Spintex Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: [email protected]
Website: www.hemsecurities.com
Shanti Spintex Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Shanti Spintex IPO Contact Details
SHANTI SPINTEX LIMITED
Sub Plot 1, Unit 1, Survey No. 297,
Dholi – Integrated Spinning Park Limited,
Dholi, Dholka, Ahmedabad, Gujarat – 382 240
Phone: +91-98258 01039
E-mail: [email protected]
Website: www.shantispintex.com
IPO FAQs
What is the Shanti Spintex offer size?
Shanti Spintex offer size is INR 29.46 – 31.25 crores.
What is the Shanti Spintex offer price band?
Shanti Spintex public offer price is INR 66 – 70 per share.
What is the lot size of the Shanti Spintex IPO?
Shanti Spintex offer lot size is 2,000 shares.
What is Shanti Spintex IPO GMP today?
Shanti Spintex IPO GMP today is INR 10 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 15,000 per application.
