Shanti Spintex (BSE SME)
Dec 19, 2023 - Dec 21, 2023
| Price | ₹66 - ₹70 |
| Premium | ₹15 |
|---|---|
| Lot size | 2000 |
| Allotment | Dec 23, 2023 |
| Listing | Dec 27, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 140000 | 0 |
| HNI | 2 | 4000 | 280000 | 0 |
Last updated on 21 Dec 2023 | 05:49:44 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 2120000 | 12158000 | 5.73 |
| HNIs | 636000 | 36656000 | 57.64 |
| Retail | 1484000 | 32670000 | 22.01 |
| Total | 4240000 | 81484000 | 19.22 |
Incorporated in 2010, Shanti Spintex Limited manufactures and sells denim fabrics.
Shanti Spintex manufactures power stretch spandex denim, knit denim, lightweight denim, rigid denim, overdyed denim and flat-finished 3/1 denim. These fabrics are available in various shades such as Indigo Blue, IBST, Sulfur Black, Sulfur Gray, Halogen Blue and Ecru with weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths from 62" (157 cm) to 78" (198 cm).
The company also produces gray fabrics in a variety of weaves including twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave.
The company's manufacturing facility is located in Ahmedabad, Gujrat, and is spread over an area of 8660 square meters. The facility has 96 airjet weaving machines with a weaving capacity of 1,92,72,000 meters of denim fabric
Shanti Spintex IPO Details
| 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 Hem Finlease |
Shanti Spintex IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Shanti Spintex IPO Lead Manager(s)
Hem Securities Limited
Company Financials
Shanti Spintex Limited Financial Information (Restated)
Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 17,457.31 | 17,588.33 | 13,631.33 | 11,926.82 |
| Revenue | 16,237.63 | 37,071.27 | 25,526.51 | 11,293.73 |
| Profit | 523.75 | 1,012.81 | 486.59 | 337.53 |
| Net Worth | 6,122.31 | 5,603.93 | 4,622.73 | 4,136.14 |
| Reserves | 4,702.31 | 4,893.93 | 3,912.73 | 3,426.14 |
| Borrowing | 3,474.45 | 4,177.66 | 4,868.64 | 4,278.83 |
| Amount in ₹ Lakhs | ||||
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ssl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/