Shanti Spintex Limited manufacture various type 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 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.
Shanti Spintex 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). The company has 96 airjet looms installed at Dholi unit which has an annual installed capacity of weaving 1,92,72,000 mtrs. of denim fabrics.
Objects of the Issue:
- To meet Working Capital requirements
- General Corporate Purposes.
Shanti Spintex IPO Review
- May Apply
Shanti Spintex IPO Date & Price Band Details
| IPO Open: | December 19, 2023 |
| IPO Close: | December 21, 2023 |
| IPO Size: | Approx ₹31.25 Crores, 2,688,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹66 to ₹70 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Shanti Spintex IPO Market Lot
The Shanti Spintex IPO minimum market lot is 2000 shares with a ₹140,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| S-HNI Minimum | 2 | 4000 | ₹280,000 |
Shanti Spintex IPO Dates
The Shanti Spintex IPO date is December 19 and the IPO close date is December 21. The IPO allotment date is December 22 and the IPO might list on December 27.
| IPO Open Date: | December 19, 2023 |
| IPO Close Date: | December 21, 2023 |
| Basis of Allotment: | December 22, 2023 |
| Refunds: | December 26, 2023 |
| Credit to Demat Account: | December 26, 2023 |
| IPO Listing Date: | December 27, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Shanti Spintex IPO Form
How to apply Shanti Spintex IPO? You can apply Shanti Spintex IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shanti Spintex IPO in the Invest section. The other option you can apply Shanti Spintex IPO via IPO forms download via the BSE website. Check out the Shanti Spintex forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Shanti Spintex Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹112.94 | ₹108.25 | ₹3.38 |
| 2022 | ₹255.27 | ₹249.50 | ₹4.87 |
| 2023 | ₹370.70 | ₹356.57 | ₹10.13 |
| 2024 6M | ₹162.38 | ₹155.20 | ₹5.24 |
Shanti Spintex IPO Valuation – FY2023
Check Shanti Spintex IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.13 per Equity Share |
| Price/Earning P/E Ratio: | 31.34 |
| Return on Net Worth (RoNW): | 18.07% |
| Net Asset Value (NAV): | ₹39.46 per Equity Share |
Peer Group
- Jindal Worldwide Ltd
- R&B Denims Limited
- Manomay Tex India Limited
- United Polyfab Gujarat Ltd
Company Promoters
- Bharat Bhushan Omprakash Agarwal
- Rikin Bharatbhushan Agarwal
Shanti Spintex IPO Registrar
Shanti Spintex IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 0407961100
Website: https://kosmic.kfintech.com/ipostatus/
Shanti Spintex IPO Allotment Status
Check Shanti Spintex IPO allotment status on KFintech website URL. Click Here
Shanti Spintex IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Shanti Spintex Limited Contact Details
Shanti Spintex Limited
Sub Plot 1, Unit 1, Survey No. 297, Dholi
Integrated Spinning Park Limited, Dholi,
Dholka, Ahmedabad – 382 240,
Phone: +91-98258 01039
Email: [email protected]
Website: https://www.shantispintex.com/
