Shanti Spintex IPO will be Open on 19 December 2023 and Closed on 21 December 2023. The company has fixed the price of this IPO at ₹66 – ₹70 according to the face value of ₹10. The company will raise ₹31.25 Crores through this IPO under the 4,464,000 Equity Shares public issue, and the offer is 100% Book Built Issue. The company reserve quota in this IPO is 50% For QIB, 15% For NII, and 35% For Retail Investors. You can check Shanti Spintex IPO GMP here.
Shanti Spintex Limited is primarily engaged in the manufacturing and selling of denim fabrics. They manufacture various types 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 company production facility has the capability to 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, sulfur black, sulfur 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). You can check Shanti Spintex IPO Subscription Status here.
The company 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. The company’s manufacturing facility is located in Ahmedabad, Gujrat, and is spread over an area of 8660 square meters.
Objects Of The Issue :
- To meet Working Capital requirements.
- General Corporate Purpose.
Company Strengths :
- Capability to manufacture a diverse range of denim fabrics through an in-house weaving unit.
- Stringent quality control mechanism ensuring standardized product quality.
- The synergy of the young and experienced management team with a committed employee base.
| Read also: Upcoming IPO List 2023 |
Shanti Spintex IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹370.71 Cr ₹70 /EQ 7.13 9.82x 19.81 % 18.07 % 10.12 % 0.75 ₹39.46 ₹175.88 Cr ₹118.22 Cr 87.49 % 73.57 % |
| Team Review : | ✔ Apply For Long Term |
Shanti Spintex IPO GMP Live:
Shanti Spintex IPO GMP Or Grey Market Premium is available here. The SME IPO GMP Premium updated Day By Day IPO running Period and the GMP Rates fluctuated and stable some times later.
| Date | GMP | Subject Rate |
| Today | Day wise Live GMP | ₹0 |
Shanti SpintexS IPO Date & Price Band & Details :
| Issue Offer : | Book Built Issue |
| IPO Open : | 19 December 2023 |
| IPO Close : | 22 December 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹66 – ₹70 Per Share |
| Listing On : | BSE, SME |
| Issue Size : | ₹31.25 Cr {4,464,000 Shares} |
| Fresh Issue : | ₹18.82 Cr {2,688,000 Shares} |
| Offer For Sale : | ₹12.43 Cr {1,776,000 Shares} |
Shanti Spintex IPO Market Lot :
Shanti Spintex IPO Minimum Market lot is 1 Lot with 2000 shares with ₹140,000 Application amount. The retail investors can apply up to 1 lot with 2000 Shares or ₹140,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 2000 | ₹140,000 |
| Retail (Max) : | 1 | 2000 | ₹140,000 |
| S-HNI (Min) : | 2 | 4000 | ₹280,000 |
Shanti Spintex IPO Net Reservation :
Shanti Spintex IPO Net Reservation of 4,464,000 shares is to be bid for the public issue by Shanti Spintex IPO with 21,20,000 for QIB, 636,000 for NII, and 1,484,000 For RII.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 21,20,000 | ₹14.84 |
| NII : | 15% | 6,36,000 | ₹4.45 |
| RII : | 35% | 14,84,000 | ₹10.39 |
| MMRP : | – % | 2,24,000 | ₹1.57 |
| Total : | 100% | 4,464,000 | ₹31.25 |
Shanti Spintex IPO EPS & RoNW :
The Shanti Spintex company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹7.13 | 18.07% | ₹39.46 |
| 2022 | ₹3.43 | 10.53% | ₹32.55 |
| 2021 | ₹2.38 | 8.16% | ₹29.13 |
Shanti Spintex IPO Peer Comparison PE :
The Shanti Spintex, According to the RHP of the company not a listed company in India.
| Sr. No. | Company | PE Ratio |
| 1. | No listed company in India | – |
Shanti Spintex IPO Dates :
Shanti Spintex IPO Date 19 December 2023 and closes on 21 December 2023. The allotment will be finalized on 26 December 2023 and the IPO may list on 27 December 2023.
| Issue Open Date : | 19 December 2023 |
| Issue Close Date : | 21 December 2023 |
| Allotment Date : | 22 December 2023 |
| Refund Date : | 26 December 2023 |
| Share Credit Date : | 26 December 2023 |
| Listing Date : | 27 December 2023 |
Shanti Spintex IPO Form :
There are two ways to apply for a Shanti Spintex IPO. You can apply for Shanti Spintex IPO through ASBA available in your bank account. You have to go to your online bank login select Shanti Spintex IPO in the Invest section and apply through your bank account. Another option is you apply for Shanti Spintex IPO through an IPO form downloaded through NSE and BSE. See the Shanti Spintex IPO Form – Download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Shanti Spintex Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹37,071.27 | ₹35,657.39 | ₹1012.81 |
| 2022 | ₹25,526.51 | ₹24,949.71 | ₹486.59 |
| 2021 | ₹11,293.73 | ₹10,824.84 | ₹337.53 |
Company Promoters :
■ Bharat Bhushan Omprakash Agarwal
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Shanti Spintex IPO Lead Managers :
■ Hem Securities Limited
Shanti Spintex IPO Registrar :
KFin Technologies Limited
Address: Selenium Tower B, Plot No.31-32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500032, Telangana, India
Telephone: +91 40 6716 2222
Facsimile: +91 40 6716 1563
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.kfintech.com/
Note: Check Shanti Spintex IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link.
Company Address :
Shanti Spintex Limited
Sub Plot 1, Unit 1, Survey No. 297,
Dholi – Integrated Spinning Park Limited,
Dholi, Dholka, Ahmedabad,
Gujarat – 382 240, India
Tel. No.: +91-9825801039
Email: [email protected]
Website: www.shantispintex.com/
Shanti Spintex IPO FAQs :
What is Shanti Spintex IPO?
Shanti Spintex IPO is SME IPO. They are going to raise ₹31.25 Crores via IPO. The issue is priced at ₹66 – ₹70 per equity share. The IPO is to be listed on BSE, SME.
When Shanti Spintex IPO will open?
The IPO is open 19 December 2023 – 21 December 2023 for QIB, NII & RII.
How much is Shanti Spintex’s IPO Size?
Shanti Spintex’s IPO size is ₹31.25 Crores.
How much is the Fresh issue size of the Shanti Spintex IPO?
The Fresh issue size of Shanti Spintex IPO ₹18.82 Cr.
How much is the Offer For Sale size of the Shanti Spintex IPO?
The Offer For Sale size of Shanti Spintex IPO ₹12.43 Cr.
What is the Shanti Spintex IPO Price Band?
Shanti Spintex IPO Price Band is ₹66 – ₹70 Per share.
What is the Shanti Spintex IPO Minimum and Maximum Lot Size?
The minimum bid is 2000 Shares with ₹140,000 amount while the maximum bid is 2000 shares with ₹140,000.
How much is the Shanti Spintex IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
When is the Shanti Spintex IPO Allotment Date?
Shanti Spintex’s IPO allotment date is 22 December 2023.
When is the Shanti Spintex IPO Listing Date?
Shanti Spintex’s IPO listing date is 27 December 2023. The IPO to list on BSE, SME.
How do Apply for the Shanti Spintex IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Shanti Spintex IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Shanti Spintex IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Shanti Spintex IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Shanti Spintex IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Shanti Spintex IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Shanti Spintex IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Shanti Spintex IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Shanti Spintex GMP: Click Here Shanti Spintex Subscription: Click Here Shanti Spintex Allotment: Click Here Shanti Spintex Listing: Click Here |
All Shanti Spintex IPO-related links are available here. If you want to know the details then click on the Click Here Link.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.