Shanti Spintex Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 19 - Dec 21,2023
Price Band
₹66-70
Current GMP
₹76 (7.89%)
Subscription
27.38 times
IPO Details
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,464,000 shares (aggregating up to ₹31.25 Cr) |
| Fresh Issue | 2,688,000 shares (aggregating up to ₹18.82 Cr) |
| Offer for Sale | 1,776,000 shares of ₹10 (aggregating up to ₹12.43 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,200,000 |
| Share holding post issue | 16,888,000 |
| Market Maker portion | 224,000 shares Hem Finlease |
IPO Date
December 19, 2023 to December 21, 2023
Listing Date
Wednesday, December 27, 2023
Face Value
₹10 per share
Price Band
₹66 to ₹70 per share
Lot Size
2000 Shares
Total Issue Size
4,464,000 shares (aggregating up to ₹31.25 Cr)
Fresh Issue
2,688,000 shares (aggregating up to ₹18.82 Cr)
Offer for Sale
1,776,000 shares of ₹10 (aggregating up to ₹12.43 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share holding pre issue
14,200,000
Share holding post issue
16,888,000
Market Maker portion
224,000 shares Hem Finlease
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 14.34 |
| Non-Institutional Buyers* | 57.28 |
| Retail Investors | 22.01 |
| Total ** | 27.38 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
14.34
Non-Institutional Buyers*
57.28
Retail Investors
22.01
Total **
27.38
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 19, 2023 | 2.08 | 2.75 | 1.84 | 2.11 |
| Day 2 Dec 20, 2023 | 4.49 | 5.66 | 6.19 | 5.59 |
| Day 3 Dec 21, 2023 | 14.34 | 57.28 | 22.01 | 27.38 |
DayDay 1
Dec 19, 2023
QIB2.08
NII*2.75
Retail1.84
Total2.11
DayDay 2
Dec 20, 2023
QIB4.49
NII*5.66
Retail6.19
Total5.59
DayDay 3
Dec 21, 2023
QIB14.34
NII*57.28
Retail22.01
Total27.38
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 27-12-2023 | 70.00 | 15 (21.43%) | 85 |
| 26-12-2023 | 70.00 | 15 (21.43%) | 85 |
| 25-12-2023 | 70.00 | 15 (21.43%) | 85 |
| 24-12-2023 | 70.00 | 15 (21.43%) | 85 |
| 23-12-2023 | 70.00 | 15 (21.43%) | 85 |
| 22-12-2023 | 70.00 | 7 (10%) | 77 |
| 21-12-2023 | 70.00 | 7 (10%) | 77 |
| 20-12-2023 | 70.00 | 7 (10%) | 77 |
| 19-12-2023 | 70.00 | 0 (0%) | 70 |
Date27-12-2023
Price70.00
GMP15 (21.43%)
Estimate List Price85
Date26-12-2023
Price70.00
GMP15 (21.43%)
Estimate List Price85
Date25-12-2023
Price70.00
GMP15 (21.43%)
Estimate List Price85
Date24-12-2023
Price70.00
GMP15 (21.43%)
Estimate List Price85
Date23-12-2023
Price70.00
GMP15 (21.43%)
Estimate List Price85
Date22-12-2023
Price70.00
GMP7 (10%)
Estimate List Price77
Date21-12-2023
Price70.00
GMP7 (10%)
Estimate List Price77
Date20-12-2023
Price70.00
GMP7 (10%)
Estimate List Price77
Date19-12-2023
Price70.00
GMP0 (0%)
Estimate List Price70
IPO Important Dates
| IPO Open Date | Tuesday, December 19, 2023 |
| IPO Close Date | Thursday, December 21, 2023 |
| Basis of Allotment | Friday, December 22, 2023 |
| Initiation of Refunds | Tuesday, December 26, 2023 |
| Credit of Shares to Demat | Tuesday, December 26, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2023 |
IPO Open Date
Tuesday, December 19, 2023
IPO Close Date
Thursday, December 21, 2023
Basis of Allotment
Friday, December 22, 2023
Initiation of Refunds
Tuesday, December 26, 2023
Credit of Shares to Demat
Tuesday, December 26, 2023
Listing Date
Wednesday, December 27, 2023
Cut-off time for UPI mandate confirmation
5 PM on December 21, 2023
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹140,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹140,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹280,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 17,457.31 | 17,588.33 | 13,631.33 |
| Revenue | 16,237.63 | 37,071.27 | 25,526.51 |
| Profit After Tax | 523.75 | 1,012.81 | 486.59 |
| Net Worth | 6,122.31 | 5,603.93 | 4,622.73 |
| Reserves and Surplus | 4,702.31 | 4,893.93 | 3,912.73 |
| Total Borrowing | 3,474.45 | 4,177.66 | 4,868.64 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 202317,457.31
31 Mar 202317,588.33
31 Mar 202213,631.33
Period EndedRevenue
30 Sep 202316,237.63
31 Mar 202337,071.27
31 Mar 202225,526.51
Period EndedProfit After Tax
30 Sep 2023523.75
31 Mar 20231,012.81
31 Mar 2022486.59
Period EndedNet Worth
30 Sep 20236,122.31
31 Mar 20235,603.93
31 Mar 20224,622.73
Period EndedReserves and Surplus
30 Sep 20234,702.31
31 Mar 20234,893.93
31 Mar 20223,912.73
Period EndedTotal Borrowing
30 Sep 20233,474.45
31 Mar 20234,177.66
31 Mar 20224,868.64
Key Performance Indicator
| P/E (x) | 9.82 |
| Post P/E (x) | 11.67 |
| Market Cap (₹ Cr.) | 118.22 |
| ROE | 19.81% |
| ROCE | 10.12% |
| Debt/Equity | 0.75 |
| EPS (Rs) | 7.13 |
P/E (x)
9.82
Post P/E (x)
11.67
Market Cap (₹ Cr.)
118.22
ROE
19.81%
ROCE
10.12%
Debt/Equity
0.75
EPS (Rs)
7.13
IPO Reservation
| Anchor Investor Shares Offered | 1,272,000 (28.49%) |
| Market Maker Shares Offered | 224,000 (5.02%) |
| QIB Shares Offered | 848,000 (19.00%) |
| NII (HNI) Shares Offered | 636,000 (14.25%) |
| Retail Shares Offered | 1,484,000 (33.24%) |
| Total Shares Offered | 4,464,000 (100%) |
Anchor Investor Shares Offered
1,272,000 (28.49%)
Market Maker Shares Offered
224,000 (5.02%)
QIB Shares Offered
848,000 (19.00%)
NII (HNI) Shares Offered
636,000 (14.25%)
Retail Shares Offered
1,484,000 (33.24%)
Total Shares Offered
4,464,000 (100%)
Information about company
Incorporated in 2010, Shanti Spintex Limited manufactures and sells denim fabrics.
Shanti Spintex manufactures power stretch spandex denim, knit denim, lightweight denim, rigid denim, overdyed denim and flat-finished 3/1 denim. These fabrics are available in various shades such as Indigo Blue, IBST, Sulfur Black, Sulfur Gray, Halogen Blue and Ecru with weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths from 62" (157 cm) to 78" (198 cm).
The company also produces gray fabrics in a variety of weaves including twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave.
The company's manufacturing facility is located in Ahmedabad, Gujrat, and is spread over an area of 8660 square meters. The facility has 96 airjet weaving machines with a weaving capacity of 1,92,72,000 meters of denim fabric
Disclaimer
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