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Akshar Spintex IPO is a fixed price issue of Rs 26.99 crores.
Akshar Spintex IPO bidding started from April 27, 2018 and ended on May 3, 2018. The shares got listed on BSE SME on May 11, 2018.
Akshar Spintex IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Akshar Spintex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Akshar Spintex IPO RHP for detailed information.
| IPO Date | April 27, 2018 to May 3, 2018 |
| Listing Date | May 11, 2018 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,747,000 shares (aggregating up to ₹26.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 24,000,000 |
| Share holding post issue | 24,999,000 |
| Market Maker portion | 345,000 shares |
Akshar Spintex IPO offers 7,092,000 shares. 3,201,000 (45.14%) to NII, 3,201,000 (45.14%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 345,000 (4.86%) |
| Other Shares Offered | 3,201,000 (45.14%) |
| Retail Shares Offered | 3,201,000 (45.14%) | Other Shares Offered | 345,000 (4.86%) |
| Total Shares Offered | 7,092,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
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.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
| Total Assets | 8218.88 | 7487.82 | 7029.73 | 2479.56 | ||
| Total Revenue | 9038.94 | 5984.38 | 1561.73 | 0 | ||
| Profit After Tax | 538.61 | 266.94 | (51.25) | 0 | ||
The Objects Of The Issue are:
1. Funding the working capital requirements of the Company
2. General corporate purposes.
[Dilip Davda] Investors may consider investment for long term in this fully priced issue. Read detail review...
The Akshar Spintex IPO is subscribed 5.49 times on May 3, 2018 5:00:00 PM. The public issue subscribed 9.24 times in the retail category, times in the QIB category, and 1.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.71 |
| Retail | 9.24 |
| Total | 5.49 |
| Listing Date | May 11, 2018 |
| BSE Script Code | 541303 |
| NSE Symbol | AKSHAR |
| ISIN | INE256Z01017 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹40.00 |
| ₹40.00 |
| ₹38.00 |
| ₹40.25 |
| ₹38.00 |
Akshar Spintex Limited
Revenue Survey No. 102/2, Paiki, Plot No. 2,
Village - Haripar, Ranuja Road,
Tal - Kalavad, Jamnagar - 361013
Phone: +9198252 13622
Email: admin@aksharspintex.in
Website: http://www.aksharspintex.in
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Akshar Spintex IPO is a SME IPO of 6,747,000 equity shares of the face value of ₹10 aggregating up to ₹26.99 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on April 27, 2018, and closes on May 3, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Akshar Spintex IPO opens on April 27, 2018 and closes on May 3, 2018.
Akshar Spintex IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Akshar Spintex 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Akshar Spintex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Akshar Spintex IPO allotment status.
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