Shanti Spintex IPO

Shanti Spintex IPO will open for subscription from 19 December 2023. The company aims for an issue size of ₹31.25 Cr through this IPO.

Company Overview

Full nameShanti Spintex Limited
Company Website

About Company

Incorporated in 2010, Shanti Spintex manufactures various types 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 can produce grey fabrics in various designs such as twill weave, knit dobby weave, structure dobby weave, broken twill weave, and satin weave.

The company offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur 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). Its operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc.

Some of the major plant & machinery installed in its unit include 96 air-jet loom machines, centrifugal air compressors, air compressors, knotting machines, inspection and mending machines, hydro extractors, tumble dryers, lab washers, and lab fasteners.

The Objectives of the Issue

  • To meet Working Capital requirements
  • General Corporate Purposes.

Shanti Spintex IPO Timetable

IPO Opening date19 December 2023
IPO Closing21 December 2023
Basis of Allotment22 December 2023
Initiation Refund26 December 2023
Credit to Demat Account26 December 2023
Listing Date27 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on December 21, 2023)

Shanti Spintex IPO details

Issue typeBook Built Issue IPO
IPO issue size₹31.25 Cr – 4,464,000 shares
Fresh Issue₹18.82 Cr – 2,688,000 shares
Offer for sale₹12.43 Cr – 1,776,000 shares
Face value₹10 per share
Price Band ₹66 to ₹70 per share
Lot size2000 Shares
Market Maker portion224,000 shares
Shareholding pre-issue14,200,000
Shareholding post-issue16,888,000
Listing ExchangeBSE SME

Shanti Spintex IPO Lot Size

Retail (Min)12000₹140,000
Retail (Max)12000₹140,000
HNI (Min)24,000₹280,000

Shanti Spintex IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Shanti Spintex Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income3.384.8710.135.24
(Amount in ₹ Crores)

Shanti Spintex Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.26 – 9.82
RONW (%)8.1610.5318.07
ROCE (%)6.196.0310.12
EBITDA (%)10.024.675.84

Company Promoters

  • Bharat Bhushan Omprakash Agarwal
  • Rikin Bharatbhushan Agarwal

Promoter Holding

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

Shanti Spintex IPO Lead Manager(s)

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000

Shanti Spintex Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222

Shanti Spintex Contact Details

Sub Plot 1, Unit 1, Survey No. 297,
Dholi – Integrated Spinning Park Limited,
Dholi, Dholka, Ahmedabad, Gujarat – 382 240
Phone: +91-98258 01039

Shanti Spintex IPO Allotment Status

Shanti Spintex IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Shanti Spintex IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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