Shanti Spintex Ltd

Textiles

Offer Period :

19th to 12th Dec 2023

Established in 2010, Shanti Spintex Limited is a denim fabric manufacturer based in Ahmedabad, Gujarat. Specializing in various denim types and weaves, Read more... the company's facility spans 8,660 square meters with 96 airjet weaving machines, boasting a production capacity of 1,92,72,000 meters.Read less

Shanti Spintex Ltd IPO Details

IPO Date 19th to 12th Dec 2023 Minimum Investment ₹140000 / 1 Lots
Listing Date 2023-12-27 Maximum Investment ₹140000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹31.25 Crores
Price ₹70 to ₹70 per share Fresh Issue ₹18.82 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 12.43
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 19th to 12th Dec 2023
Listing Date 2023-12-27
Face Value ₹10 per share
Price ₹70 to ₹70 per share
Lot Size 1 Lots (2000 Shares)
Listing At BSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹140000 / 1 Lots
Maximum Investment ₹140000 / 1 Lots
Total Issue Size ₹31.25 Crores
Fresh Issue ₹18.82 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

19th Dec

IPO Starts

21st Dec

IPO Ends

22nd Dec

Allotment Date

26th Dec

Initiation of Refund

26th Dec

Credit of Shares to Demat Account

27th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 42.69 35.9
Public Group 57.31 64.1

Shanti Spintex Ltd IPO Reservation

QIB Shares Offered 848000(19%)
NII (HNI) Shares Offered 636000(14.25%)
Retail Shares Offered 1484000(33.24%)
Anchor Investor Shares Offered 1272000(28.49%)
Total Shares Offered 4464000
Total Shares With Anchor Investor 4464000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Shanti Spintex Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id ssl.ipo@kfintech.com
Our Website www.kfintech.com

Shanti Spintex Ltd IPO Lead Manager

1. Hem Securities Ltd

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Shanti Spintex Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Shanti Spintex Ltd

1. Capability to manufacture diverse range of denim fabrics through in-house weaving unit.

2. Stringent quality control mechanism ensuring standardized product quality.

3. Synergy of young and experienced management team with a committed employee base.

Risks Involved

1. Its business is vulnerable to variations in demand of denim-based apparels and changes in consumer preferences, which could have an adverse effect on its business, results of operations and financial condition.

2. Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.

3. The company face competition, including from other large and established competitors, and its may fail to compete successfully against existing or new competitors, which may reduce the demand for the company Products which may lead to reduced prices, operating margins, profits and further result in decline in revenue.

4. The company is primarily dependent upon few key suppliers for procurement of raw materials. Any disruption in the supply of these raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.

5. The company relies on outsourcing a certain proportion of its production processes and activities to third-parties, without exclusivity arrangements. Any inability to obtain sufficient quantities of processed material of the requisite quality in a timely manner and at acceptable prices, or a slowdown, shutdown or disruption in such third parties' operations and performance, could adversely affect its business, results of operations and financial condition.

6. The company requires certain approvals, licenses, registrations and permits to operate its business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operates its business may adversely affect the company operations and financial conditions.

7. The Company, Promoters and Directors are parties to certain tax proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

8. One of its Promoter Group entity, namely CIL Nova Petrochemicals Limited, has in the past been restrained by SEBI from buying, selling, dealing or accessing the securities market for violation of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003. In addition, one of its Promoter Group member, Mr. Shivkumar Omprakash Agarwal and Promoter group entity, Shivalay Texo Fab. Pvt. Ltd. has been declared as defaulters by MCA for not filing Annual Returns and Balance Sheet.

9. The company has not complied with certain statutory provisions of the Companies Act, 2013. Such non-compliance may attract penalties against our Company which could impact the financial position of it to that extent.

10. The Company's logo is not registered as on date of this Draft Red Herring Prospectus. Its may be unable to adequately protect the company intellectual property. Furthermore, its may be subject to claims alleging breach of third party intellectual property rights which could have a material adverse effect on its business, results of operations and financial condition.

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Shanti Spintex Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-27 544059 -
INE0QZQ01019
₹70 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹70 ₹70
Open ₹76 ₹0
Low ₹76 ₹0
High ₹79.8 ₹0
Low ₹76 ₹0

Frequently Asked Questions

What is Shanti Spintex Ltd IPO?

Answer Field

Shanti Spintex Ltd IPO is a SME IPO of 44,64,000 equity shares of a face value of ₹10 aggregating up to ₹31.25 Crores. The issue is priced at ₹70 to ₹70 per share. The minimum order quantity is 2000 Shares. The IPO opens on December 19, 2023, and closes on December 21, 2023. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Shanti Spintex Ltd IPO will open?

Answer Field

The Shanti Spintex Ltd IPO opens on December 19, 2023 and closes on December 21, 2023.

What is the lot size of Shanti Spintex Ltd?

Answer Field

Shanti Spintex Ltd lot size is 2000 shares, and the minimum amount required is ₹1,40,000.

How to apply for Shanti Spintex Ltd IPO?

Answer Field

You can apply in Shanti Spintex Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Shanti Spintex Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Shanti Spintex Ltd IPO will be done on December 22, 2023, and the allotted shares will be credited to your demat account by December 26, 2023.

When is Shanti Spintex Ltd IPO listing date?

Answer Field

The Shanti Spintex Ltd listing date is December 27, 2023.

Who is the registrar of Shanti Spintex Ltd IPO?

Answer Field

The registrar of Shanti Spintex Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Shanti Spintex Ltd IPO?

Answer Field

The fresh issue size is ₹18.82 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Shanti Spintex Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,40,000 amount.

How can I approve the UPI mandate request for Shanti Spintex Ltd IPO?

Answer Field

To apply for Shanti Spintex Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Shanti Spintex Ltd?

Answer Field

The price of each Shanti Spintex Ltd share will be ranging in between ₹70 to ₹70 per share.

What is the cut-off time for the UPI mandate for Shanti Spintex Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 21, 2023.

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