Shanti Spintex IPO GMP, Review, Price, Allotment

Shanti Spintex IPO GMP

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.

Shanti Spintex IPO

Promoters of Shanti Spintex – Bharat Bhushan Omprakash Agarwal, and Rikin Bharat Bhushan Agarwal

Shanti Spintex IPO Details

Shanti Spintex IPO Dates19 – 21 December 2023
Shanti Spintex Issue PriceINR 66 – 70 per share
Fresh issue2,688,000 shares (INR 17.74 – 18.82 crore)
Offer For Sale1,776,000 shares (INR 11.72 – 12.43 crore)
Total IPO size4,464,000 shares (INR 29.46 – 31.25 crore)
Minimum bid (lot size)2,000 shares (INR 140,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE SME

Shanti Spintex Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income3.384.8710.135.24
Figures in INR Crores unless specified otherwise

Shanti Spintex Offer News

Shanti Spintex Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.26 – 9.82
RONW (%)8.1610.5318.07
ROCE (%)6.196.0310.12
EBITDA (%)10.024.675.84
*Compiled by IPO Central from Prospectus

Shanti Spintex IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
26 December 20231015,000
23 December 202357,000

Shanti Spintex IPO Subscription – Live Updates

Shares Offered8,48,0008,60,00014,84,00031,92,000
21 Dec 202314.3442.6222.0125.53
20 Dec 20234.494.446.205.27
19 Dec 20232.082.031.841.96

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 Date19 December 2023
IPO Closing Date21 December 2023
Finalization of Basis of Allotment22 December 2023
Initiation of refunds26 December 2023
Transfer of shares to demat accounts26 December 2023
IPO Listing Date27 December 2023
Opening Price on BSE SMEINR 76 per share (up 8.57%)
Closing Price on BSE SMEINR 79.80 per share (up 14.0%)

Shanti Spintex Offer Lead Manager

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email[email protected]

Shanti Spintex Offer Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]

Shanti Spintex IPO Contact Details

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]


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.


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