Shanti Spintex IPO Review

 
Shanti Spintex IPO Review

IPO Open Date: December 19, 2023

IPO Close Date: December 21, 2023

IPO Price: ₹66 to ₹70 per share

Lot Size: 2000 Shares

Listing: December 27, 2023

Shanti Spintex is scheduled to hit the market on December 19 , 2023 and close on December 21, 2023. Shanti Spintex plans to raise around ₹31.25 Cr through an IPO with a sale of up to 4,464,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in 2010, Shanti Spintex Limited is a leading manufacturer and distributor of denim fabrics. Specializing in a diverse range, the company produces 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, including Indigo Blue, IBST, Sulfur Black, Sulfur Gray, Halogen Blue, and Ecru. The weight options span from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd., and the widths range from 62″ (157 cm) to 78″ (198 cm), providing a comprehensive selection to meet diverse market demands.

Shanti Spintex


Shanti Spintex IPO Details

Shanti Spintex IPO opens on Dec 19 , 2023, and closes on Dec 21 , 2023. The Listing date for Shanti Spintex IPO is on Dec 27, 2023. The price band for IPO is ₹66 to ₹70 per share and lot size of 2000 Shares.

IPO DateDec 19 , 2023 to Dec 21, 2023
Listing DateDec 27, 2023
Price₹66 to ₹70 per share
Lot Size2000 Shares
Issue Size₹31.25 Cr
Face Value₹10 per share

Shanti Spintex IPO Tentative Timetable

Shanti Spintex opening date is December 19, 2023 and close date is December 21, 2023. The IPO allotment date is December 22, 2023. The refund initiation of IPO is on December 26, 2023. The credit of shares in demat account is on December 26, 2023. The listing date is on December 27 , 2023.

EventDate
IPO OpeningDec 19, 2023
IPO ClosingDec 21, 2023
IPO Allotment DateDec 22, 2023
Refund InitiationDec 26, 2023
Shares Credit to DematDec 26, 2023
Lisiting DateDec 27, 2023

Shanti Spintex IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹1,40,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹140,000
Retail(Maximum)12000₹140,000
HNI (Minimum)24000₹280,000

Shanti Spintex IPO Promoter Holding

Pre Issue Share Holding87.49%
Post Issue Share Holding73.57%

Shanti Spintex IPO Review

Shanti Spintex Limited's specialization in denim fabric production, offering a range of weaves including twill, knit dobby, structure dobby, broken twill, and satin weave, showcases its commitment to product diversity. The company's manufacturing facility in Ahmedabad, Gujarat, equipped with 96 airjet weaving machines, underscores its production capabilities, with a notable weaving capacity of 1,92,72,000 meters of denim fabric. Investors would be keen to understand the operational efficiency, technological advancements, and sustainability practices implemented at this facility.

The financial performance of Shanti Spintex Limited is robust, with a noteworthy 45.23% increase in revenue and a significant 108.14% rise in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2022. A thorough IPO review should delve into the factors contributing to this growth, such as market demand, competitive positioning, and operational strategies.

Key financial indicators, including a Price-to-Earnings (P/E) ratio of 9.82, Post P/E of 11.67, Return on Equity (ROE) at 19.81%, Return on Capital Employed (ROCE) of 10.12%, Debt/Equity ratio of 0.75, Earnings Per Share (EPS) of ₹7.13, and Return on Net Worth (RoNW) at 18.07%, serve as essential benchmarks for evaluating the company's financial health and performance.

Shanti Spintex IPO Subscription Status (Bidding Details)

No IPO ID provided. Check if the "ipo-subscription" field is set for this post.

Shanti Spintex IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Shanti Spintex IPO FAQs

What is Shanti Spintex IPO?

Shanti Spintex is issuing 4,464,000 equity shares with a face value of 10 each, totaling up to ₹31.25 Cr. The shares are being offered at a price of ₹66 to ₹70 each, with a minimum order quantity of 2000 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Shanti Spintex IPO will open?

Shanti Spintex will open on December 19 , 2023 for QIB, NII, and Retail Investors.

When Shanti Spintex IPO will end?

Shanti Spintex will end on December 21, 2023.

What is Shanti Spintex IPO Size?

Shanti Spintex IPO size is ₹31.25 Cr.

What is Shanti Spintex IPO Price Band?

Shanti Spintex price band is ₹66 to ₹70 per share.

What is the Shanti Spintex IPO Allotment Date?

Shanti Spintex allotment date is December 22, 2023.

What is the Shanti Spintex IPO Listing Date?

Shanti Spintex listing date is December 27, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Shanti Spintex IPO through Zerodha?

To apply for the IPO “Shanti Spintex” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Shanti Spintex IPO through Upstox?

To apply for the IPO “Shanti Spintex” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Shanti Spintex IPO Allotment Status?

For Shanti Spintex IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Shanti Spintex IPO GMP?

You can check out here: Shanti Spintex IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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