Shanti Spintex Limited

Offer PeriodDec 19, 2023 – Dec 21, 2023

Dec 19, 2023 – Dec 21, 2023

BSE - SMEListed

Listed Price:

₹76.00

(+8.57%)

Price Band₹66 - ₹70

Lot Size2,000 Shares

Allotment DateDec 23, 2023

Listing DateDec 27, 2023

Subscription19.22 Times

Issue Size₹31.25 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹15
(21.43%)

Premium (ELP)

Shanti Spintex Limited's achieved publicly listed status following its IPO debut on Dec 27, 2023 at the BSE platform. The offering successfully mobilized 44,64,000 Shares, with 26,88,000 Shares allocated to corporate growth initiatives and ₹12.43 Cr providing liquidity to existing shareholders.

Investment participation occurred within the established price band of ₹66 to ₹70, starting from minimum lots of 2000 shares. The subscription window from Dec 19, 2023 through Dec 21, 2023 enabled investor participation across market segments.

Share allocation was completed on Dec 23, 2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

Shanti Spintex IPO Details

IPO Date

Dec 19, 2023 to Dec 21, 2023

Allotment Date

Dec 23, 2023

List Date

Dec 27, 2023

Lot Size

2,000 share

Issue Price

₹66 - ₹70

Issue Size

44,64,000 (aggregating up to 31.25 Cr)

Fresh Issue

26,88,000 (aggregating up to 18.82 Cr)

Offer For Sale

17,76,000 (aggregating up to 12.43 Cr)

Listing At

BSE

Share Holding Pre-Issue

1,42,00,000

Share Holding Post-Issue

1,68,88,000

Market Marker Portion

2,24,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	2000	1,40,000
HNI	2	4000	2,80,000

IPO Reservation

Shares44,64,000

Retail

33.24%(14,84,000)

NII(HNI)

14.25%(6,36,000)

QIB

47.49%(21,20,000)

Market Maker

5.02%(2,24,000)

Total

100.00%(44,64,000)

Shanti Spintex IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Values

KPI	Values
EPS	7.13
ROE	19.81
ROCE	10.12
RONW	18.07
PRE IPO(PE)	9.82
POST IPO(PE)	11.67

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (In Lakhs)

Period Ended	Sep 2023	Mar 2023	Mar 2022	Mar 2021

Period Ended	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
Net Worth	6,122.31	5,603.93	4,622.73	4,136.14
Total borrowing	3,474.45	4,177.66	4,868.64	4,278.83
Profit after tax	523.75	1,012.81	486.59	337.53
Reserves and Surpluses	4,702.31	4,893.93	3,912.73	3,426.14

Shanti Spintex IPO About Company

Incorporated in 2010, Shanti Spintex Limited is engaged in manufacturing and selling denim fabrics. The company produces different types of denim such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, overdyed denim and flat-finished 3/1 denim. These fabrics are offered in various shades like Indigo Blue, Sulfur Black, Halogen Blue and Ecru, in different weights and widths. Shanti Spintex also manufactures grey fabrics in multiple weave patterns including twill, knit dobby, structure dobby and satin weave. The company’s manufacturing facility is located in Ahmedabad, Gujarat, and has 96 airjet weaving machines with large production capacity.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Shanti Spintex IPO Strength Factors

⚠️Shanti Spintex IPO Risk Factors

🏦Shanti Spintex IPO Lead Manager(s)

Hem Securities Limited

👤Shanti Spintex IPO Promoter(s)

Bharat Bhushan Omprakash Agarwal
Rikin Bharatbhushan Agarwal

🏢Shanti Spintex IPO Company Details

Shanti Spintex Limited

Email:info@shantispintex.com

Phone:+91-98258 01039

Website:https://www.shantispintex.com/

address:Sub Plot 1, Unit 1, Survey No. 297, Dholi Integrated Spinning Park Limited, Dholi, Dholka, Ahmedabad – 382 240,

📋Shanti Spintex IPO Registrar

Kfin Technologies Limited

Name:Kfin Technologies Limited

Phone:04067162222

Email:ssl.ipo@kfintech.com

Website:https://kosmic.kfintech.com/ipostatus/

❓Shanti Spintex IPO FAQs

Shanti Spintex IPO is a main-board IPO of 26,88,000 equity shares of the face value of ₹10 per share aggregating up to ₹12.43 crore shares. The issue is priced at ₹66 - ₹70 per share. The minimum order quantity is .The IPO opens on Dec 19, 2023, and closes on Dec 21, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

Zerodha customers can apply online in Shanti Spintex IPO using UPI as a payment gateway. Zerodha customers can apply in Shanti Spintex IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Shanti Spintex IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Shanti Spintex IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

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

You can apply in Shanti Spintex IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Shanti Spintex IPO will be done on Dec 23, 2023, and the allotted shares will be credited to your demat account by Dec 23, 2023

Shanti Spintex IPO's listing date is Dec 27, 2023.

Shanti Spintex Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹15(21.43%)

Premium (ELP)

₹15
(21.43%)