Shanti Spintex IPO Date, Review, Price, Allotment Details

Shanti Spintex IPO Details: Shanti Spintex IPO date is fixed, The IPO will open on December 19 and will close on December 21. Shanti Spintex is a NSE SME IPO to raise ₹31.25 crores via IPO. The Shanti Spintex IPO price band is fixed at ₹66 to ₹70 with a market lot of 2000 shares.
Shanti Spintex IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹140,000
Retail Maximum12000₹140,000
S-HNI Minimum24000₹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
YearRevenueExpensePAT
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/

Shanti Spintex IPO FAQs


What is Shanti Spintex IPO?

Shanti Spintex IPO is a BSE SME IPO. They are going to raise ₹31.25 Crores via IPO. The issue is priced at ₹66 to ₹70 per equity share. The IPO is to be listed on BSE.

When Shanti Spintex IPO will open?

The IPO is to open on December 19, 2023 for QIB, NII, and Retail Investors.

What is Shanti Spintex IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Shanti Spintex IPO?

You can apply Shanti Spintex IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Shanti Spintex IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Shanti Spintex”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Shanti Spintex IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Shanti Spintex”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Shanti Spintex IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Shanti Spintex”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Shanti Spintex IPO Size?

Shanti Spintex IPO size is ₹31.25 crores.

What is Shanti Spintex IPO Price Band?

Shanti Spintex IPO Price Band is ₹66 to ₹70 per equity share.

What is Shanti Spintex IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹140,000.

What is Shanti Spintex IPO Allotment Date?

Shanti Spintex IPO allotment date is December 22, 2023.

What is Shanti Spintex IPO Listing Date?

Shanti Spintex IPO listing date is December 27, 2023. The IPO to list on BSE SME.

Note: The Shanti Spintex IPO details are announced officially. The IPO grey market premium (Shanti Spintex IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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