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SME IPO Status: Listed [19th Dec 2023 to 21st Dec 2023]
Shanti Spintex IPO, a SME IPO of ₹31.25 Cr was launced on 19-12-2023 to 21-12-2023 and the shares got listed on BSE SME on 27-12-2023.
The public issue of Shanti Spintex IPO (544059) was offered at ₹70.00 per share and the ipo was listed at ₹76. It has delivered listing gain of 8.57%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 12000 per lot return on listing.
| SME IPO Issue Opening Date: | 19th Dec 2023 |
| SME IPO Issue Closing Date: | 21st Dec 2023 |
| SME IPO Issue Price: | ₹66.00-70.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹31.25 Cr |
| Offer for Sale: | ₹12.43 Cr |
| Fresh Issue: | ₹18.82 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 87.49% |
| Promoter Holding Post IPO: | 73.57% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544059 |
Get important updates regarding Shanti Spintex SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 22nd Dec 2023 |
| Refunds Initiation* | 26th Dec 2023 |
| Credit of Shares to Demat* | 26th Dec 2023 |
| SME IPO Listing Date* | 27th Dec 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹66.00-70.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 27-12-2023 | 70.00 | 15 | 22800 | ₹85 (21.43%) | 27-Dec-2023 6:03 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Shanti Spintex Limited was established in 2010 and is primarily engaged in the manufacture and sale of denim fabrics. The company commenced its operations as a textile trading company in the financial year 2014-15. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, light denim, hard denim, dyed denim and flat-finished 3/1 denim. The production line can produce grey fabrics in various styles, such as twill, knitted dobby weave, textured dobby weave, broken twill weave and satin weave.
They offer denim fabrics in various shades such as Indigo Blue, IBST, Sulphur Black, Sulphur Grey, Halogen Blue and Ecru Coltheir weights range from 4.50 Oz/sqm to 14.50 Oz/sqm and widths from 62” (157 cm) to 78” (198 cm).
Different types of yarns are used, such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester-spandex, Tencel, Lyocell, etc., which we source from the domestic market. In addition to the yarns, they also source grey fabrics directly from the market, which are then sent for finishing and sold to customers. The dyeing of the yarns and finishing of the raw fabrics are outsourced to third parties.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Textiles & Apparels | ₹31.25 Cr | https://www.shantispintex.com/ |
The company proposes to utilize the funds which are being raised through the Fresh Issue, towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 848,000 (28.57%) | 636,000 (21.43%) | 1,484,000 (50%) | 2,968,000 | |
| 1 | 19th Dec 2023 19:04 | 2.08x | 2.75x | 1.84x | 2.11x |
| 2 | 20th Dec 2023 19:04 | 4.49x | 5.66x | 6.19x | 5.59x |
| 3 | 21st Dec 2023 19:04 | 14.34x | 57.28x | 22.01x | 27.38x |
Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 17,457.31 | 17,588.33 | 13,631.33 | 11,926.82 |
| Revenue | 16,237.63 | 37,071.27 | 25,526.51 | 11,293.73 |
| Profit After Tax | 523.75 | 1,012.81 | 486.59 | 337.53 |
| Net Worth | 6,122.31 | 5,603.93 | 4,622.73 | 4,136.14 |
| Reserves and Surplus | 4,702.31 | 4,893.93 | 3,912.73 | 3,426.14 |
| Total Borrowing | 3,474.45 | 4,177.66 | 4,868.64 | 4,278.83 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Shanti Spintex Limited | 7.13 | 7.13 | 9.81 | 18.07 | ||
| Jindal Worldwide Ltd | 5.77 | 5.77 | 56.03 | 17.8 | ||
| R&B Denims Limited | 2.21 | 2.21 | 17.35 | 19.48 | ||
| Manomay Tex India Limited | 8.72 | 8.72 | 15.77 | 11.17 | ||
| United Polyfab Gujarat Ltd | 2.56 | 2.56 | 36.19 | 8.6 |
Last Updated on 31-Dec-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Shanti Spintex SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Shanti Spintex SME IPO with Zerodha.
Alternate approch to apply in Shanti Spintex SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Shanti Spintex SME IPO Review and Important Updates
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To subscribe or apply in Shanti Spintex SME IPO, you can use the following methods:
| Shanti Spintex SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Shanti Spintex SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Shanti Spintex SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Shanti Spintex SME IPO. Most of the Syndicate Banks provide access to apply in Shanti Spintex IPO via ASBA process. You must have your net banking access, DP ID information to apply in Shanti Spintex SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Shanti Spintex SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Shanti Spintex SME IPO Review and Important Updates
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Shanti Spintex SME IPO is going to be list on 27-12-2023. BSE Code for Shanti Spintex is 544059.
Other relevant questions:
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Shanti Spintex SME IPO Allotment Date is 22-12-2023.
Other relevant questions:
Shanti Spintex SME IPO share allotment date?Shanti Spintex SME IPO allotment date?
