Shanti Spintex Ltd IPO
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Shanti Spintex Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 44.64 L | ₹ 17.76 L | ₹ 14.84 L | ₹ 60.62 L | BSE | ₹ 31.25 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 19 Dec, 23 | 21 Dec, 23 | 2000 | ₹ 1,32,000 | Book Building - SME | 27 Dec, 23 |
Shanti Spintex Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 5.73x | 2120000 | 12158000 |
| NII | 57.64x | 636000 | 36656000 |
| Retail | 22.01x | 1484000 | 32670000 |
| Employee | 0x | 0 | 0 |
| Total | 18.25x | 4464000 | 81484000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Shanti Spintex Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 22.67 | 18.65 | 9.85 |
| EBITDA | 27.44 | 23.17 | 13.93 |
| PAT | 13.02 | 10.13 | 4.87 |
| Total Assets | 125.08 | 107.90 | 69.67 |
| Share Capital | 16.89 | 7.10 | 7.10 |
| Total Borrowings | 31.92 | 52.42 | 50.43 |
| Operating Activities (Net Cash) | 17.79 | 14.65 | 8.95 |
| Investing Activities (Net Cash) | 0.00 | 2.00 | 1.73 |
| Financing Activities (Net Cash) | 31.92 | 52.42 | 50.43 |
| Net Cashflow | 5.03 | 4.85 | 3.14 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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).
Peer Comparison:
- Jindal Worldwide Ltd
- R&B Denims Ltd
- Manomay Tex India Ltd
- United Polyfab Gujarat Ltd
Shanti Spintex Ltd IPO 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.
- 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.
How To Apply for Shanti Spintex Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.