Business description – Angel Fibers is primarily engaged in the business of spinning of cotton yarn. It also trades in cotton waste which is a by-product of manufactured product. The manufacturing facility of the company is situated at Kalavad in Jamanagar district of Gujarat state which is close to the cotton growing areas of Maharashtra and Saurashtra (region) of Gujarat. The company has established a capacity of the spindlage of total 19584 spindles having installed capacity of 4363MT per annum to manufacture cotton yarn viz.,30s Ne Combed and 40s Compact variety of the Ginning and Spinning unit used to make products like bed sheets, socks, knitted fabrics, etc. and 40s Ne Compact Combed yarn used to make Shirtings, Sheeting, Bottom Weights, etc.
The company aims to produce yarn of export quality and enter overseas markets. This year, it has started exporting its products to Bangladesh. To augment its international demand and preference, the company has recently procured fully automatic plant for spinning yarn with state of the art modern machines.
Promoters of Angel Fibers – Ashok Dudhagara and Prafulaben Dudhagara
| Angel Fibers IPO details | |
| Subscription Dates | 20 – 23 February 2018 |
| IPO Price band | INR27 per share |
| Fresh issue | Nil |
| Offer for sale | 6,748,000 shares (INR18.22 crore) |
| Total IPO size | 6,748,000 shares (INR18.22 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
| Angel Fibers’ financial performance (in INR lakh) | ||||||
| FY2015 | FY2016 | FY2017 | 9M FY2018 | |||
| Total revenue | 0.0 | 5,101.8 | 8,873.7 | 4,607.9 | ||
| Total expenses | 0.1 | 5,349.7 | 8,675.7 | 4,384.9 | ||
| Profit after tax | -0.4 | -565.1 | 311.1 | 259.0 | ||
Angel Fibers’ Contact Details
Angel Fibers Limited
Shivalik-2, Shop No.6
Nr. Pushkardham Temple, University Road
Rajkot – 360005
Phone: +91 942678557
Email: [email protected]
Website: www.angelfibers.com
Angel Fibers IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.21 |
| Day 2 | 0.56 |
| Day 3 | 1.61 |
| Day 4 | 3.66 |
Angel Fibers Valuation (Latest FY)
Earnings Per Share (EPS): INR1.24
Price/Earnings (P/E) ratio: 21.77
Return on Net Worth (RONW): 13.85%
Net Asset Value (NAV): INR8.98 per share
Registrar of Angel Fibers IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Angel Fibers IPO Allotment Status
Angel Fibers IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Angel Fibers
IPO Opening Date: 20 February 2018
IPO Closing Date: 23 February 2018
Listing Date: 6 March 2018
Listing Price on BSE SME: INR28.5 per share (up 5.56% from IPO price)
Closing Price on BSE SME: INR27.1 per share (up 0.37% from IPO price)
Sold 5 apps@18k Subject to allotment.
Is it worth.
18000 per app????
Date is allotment and listing date is not given?
Sold 05 apps subject 2 @ 12000/-
can u please give me the phone no of a person who buys applications.contact me at 9820089209,someone in mumbai.
srry my no. is 9820089290…i had a typo in previous message
Contact me on 9530802307 WhatsApp for subject to sauda for angel fiber ipo
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