Shanti Spintex Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Shanti Spintex Ltd IPO

The Company manufactures various type of denim fabrics such as power stretch spandex denim, knit denim, light weight denim, rigid denim, over dyed denim and flat finish 3/1 denim. Our production facility has capability to produce grey fabrics in various designs such as twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave. We offer denim fabrics in diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, halogen blue and ecru colour which has weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths spanning from 62 (157cm) to 78 (198 cm).

Shanti Spintex Ltd IPO Details

Total Shares Offered

₹ 44,64,000

Offer to Public

17,76,000

Retail Max (Shares)

₹ 14,84,000

Pre Issue Promoters Holding

₹ 60,62,200

Exchange

BSE

Issue size

₹ 31.25 Cr

IPO Open Date

Dec 19, 2023

Close Date

Dec 21, 2023

Lot Size

2000

Min Investment

₹ 1,32,000

Issue Type

Book Building - SME

Listing Date

Dec 27, 2023

Shanti Spintex Ltd IPO Dates

Dec 19, 2023

Opening date

Dec 21, 2023

Closing date

Dec 22, 2023

Basis of Allotment

Dec 26, 2023

Initiation of Refunds

Dec 26, 2023

Credit of Shares

Dec 27, 2023

Listing date

Details

Sector	Type
Sector	Textiles - Cotton
Sub Sector	Blended
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2120000
NII	0x	636000
Retail	0x	1484000
Employee	0x	0
Total	0x	4464000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2120000

636000

1484000

4464000

Shanti Spintex Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	18.62	22.67	18.65
EBITDA	23.66	27.44	23.17
PAT	10.20	13.02	10.13
Total Assets	111.22	125.08	107.90
Share Capital	16.89	16.89	7.10
Total Borrowings	24.51	31.92	52.42
Operating Activities (Net Cash)	15.24	17.79	14.65
Investing Activities (Net Cash)	1.48	0.00	2.00
Financing Activities (Net Cash)	24.51	31.92	52.42
Net Cashflow	7.91	5.03	4.85

About Shanti Spintex Ltd

Shanti Spintex Limited was originally incorporated as a private limited Company under the name of Shanti Spintex Private Limited on August 23, 2010 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Ahmedabad, bearing registration number as 062084. Thereafter, the Company was converted from private limited to public limited and the name of the Company was changed from Shanti Spintex Private Limited to Shanti Spintex Limited vide fresh certificate of incorporation dated August 18, 2023, issued by the Registrar of Companies, Ahmedabad, Gujarat.

The Indian textile and apparel industry is expected to grow at 10% CAGR from 2019-20 to reach US$ 190 billion by 2025-26. India has a 4% share of the global trade in textiles and apparel. India is the world's largest producer of cotton. Estimated production stood at 362.18 lakh bales during cotton season 2021-22. Domestic consumption for the 2021-22 cotton season is estimated to be at 338 lakh bales. Cotton production in India is projected to reach 7.2 million tonnes (~43 million bales of 170 kg each) by 2030, driven by increasing demand from consumers. In FY23, exports of readymade garments (RMG) cotton including accessories stood at US$ 7.68 billion till January 2023. It is expected to surpass US$ 30 billion by 2027, with an estimated 4.6-4.9% share globally.

Peer Comparison:

Jindal Worldwide Ltd
R&B Denims Ltd
Manomay Tex India Ltd
United Polyfab Gujarat Ltd

Shanti Spintex Ltd Key Points

Strengths

Capability to manufacture diverse range of denim fabrics through in-house weaving unit.

Stringent quality control mechanism ensuring standardized product quality.

Synergy of young and experienced management team with a committed employee base.

Risk

Its business is vulnerable to variations in demand of denim-based apparels and changes in consumer preferences, which could have an adverse effect on its business, results of operations and financial condition.

Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.

The company face competition, including from other large and established competitors, and its may fail to compete successfully against existing or new competitors, which may reduce the demand for the company Products which may lead to reduced prices, operating margins, profits and further result in decline in revenue.

Strategy

Expand its domestic presence in existing and new markets.

Focus on consistently meeting quality standards.

Maintaining cordial relationship with our Suppliers, Customer and employees.

Continue to strive for cost efficiency.

How To Apply for Shanti Spintex Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Shanti Spintex Ltd IPO?

Shanti Spintex Ltd's IPO offers shares for up to 18.82 It begins on Dec 19, 2023 and ends on Dec 21, 2023.

What is the price of the Shanti Spintex Ltd IPO?

The price of Shanti Spintex Ltd IPO ranges between ₹66 to ₹70 per share.

What are the open and close dates for the Shanti Spintex Ltd IPO?

The Shanti Spintex Ltd IPO opens on Dec 19, 2023 and closes on Dec 21, 2023.

When will the Shanti Spintex Ltd IPO be allotted?

The allotment for the Shanti Spintex Ltd IPO will be finalised on Dec 22, 2023. The shares will be listed on BSE and NSE on Dec 27, 2023.

What is the minimum lot size required for Shanti Spintex Ltd IPO?

The minimum lot size for Shanti Spintex Ltd IPO is 2000 shares, priced between ₹66 to ₹70 per share.

What is the GMP of Shanti Spintex Ltd IPO?

The GMP (Grey Market Premium) of Shanti Spintex Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Shanti Spintex Ltd IPO?

To check the allotment status of Shanti Spintex Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Shanti Spintex Ltd IPO getting listed?

The Shanti Spintex Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 19, 2023, and closes on Dec 21, 2023. The allotment is finalised on Dec 22, 2023.

How do you apply for the Shanti Spintex Ltd IPO?

To apply for the Shanti Spintex Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.