Akshar Spintex Ltd. IPO
Issue Price
₹40
GMP
—
Lot Size
3,000
Face Value
₹10
Issue Size
6,747,000 shares (aggregating up to ₹27 Cr)
Subscription
—
IPO Timeline
Open Date27-Apr-18
Close Date3-May-18
Allotment-
Refund Initiation-
Demat Credit-
UPI Mandate Deadline3-May-18
Listing Date11-May-18
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 3,201,000 (47%) | — | ₹1,280 Cr |
| Retail | — | 3,201,000 (47%) | — | ₹1,280 Cr |
| Market Maker | — | 345,000 (5%) | — | ₹14 Cr |
| Σ Total | — | 6,747,000 (100%) | — | ₹26,988 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹40
Face Value₹10
Lot Size3,000 shares
Issue Size6,747,000 shares (aggregating up to ₹27 Cr)
Issue TypeFixed Price IPO
Listing ExchangeBSE SME
Sale TypeFresh Capital-cum-Offer for Sale
Script Code—
Fresh Issue654,000 shares (aggregating up to ₹3 Cr)
Offer for Sale5,748,000 shares of ₹10 (aggregating up to ₹23 Cr)
Net Offer to Public6,402,000 shares (aggregating up to ₹26 Cr)
Amount InLakhs
Stock Price History · BSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹120,000 |
| Retail (Max) | 13 | 39,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,040,000 |
Retail1 lot(s)3,000 shares₹120,000
S-HNI2 lot(s)6,000 shares₹240,000
Financial Statements Amount in Lakhs
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 9,039 | 5,984 | 1,562 |
| Profit After Tax | 539 | 267 | 51 |
| Total Assets | 8,219 | 7,488 | 7,030 |
Valuation & Key Ratios
ROE—
ROCE—
RONW—
PAT Margin—
EBITDA Margin—
Debt/Equity—
P/BV—
Pre EPS—
Post EPS—
Pre P/E—
Post P/E—
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding the working capital requirements of the Company – 2.80
- 2 General corporate purposes – 0.90
Company Overview
Incorporated in 2013, Gujarat based Akshar Spintex Limited is a company engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn.
The manufacturing facility of the Company is situated in the vicinity of the rich cotton growing areas of Gujarat. The company has installed capacity of total 24,480 spindles.
The company has 216 employees on its payroll.
Company Information
AddressRevenue Survey No. 102/2, Paiki, Plot No. 2, Village - Haripar, Ranuja Road, Tal - Kalavad, Jamnagar, Gujarat, 361013
Phone+9198252 13622
Websitehttp://www.aksharspintex.in