247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Akshar Spintex Limited IPO (Akshar Spintex IPO) Details

Akshar Spintex Limited is an Textiles based company, located in Jamnagar, Akshar Spintex Limited IPO size was 26.99 Cr. and was issued at 40.00 per share. The share of Akshar Spintex Limited were listed at 38.00 per share and are currently trading at 0.72 per share.

Type :
Sub Sector : Manufacturing Of Cotton Yarn
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
95.31 Cr.

PAT :
4.78 Cr.

Pricing Report

Issue Price :
40.00

Listing Price :
38.00

Current Market Price :
0.72

Issue Price vs CMP :
39.28 (98.20%)

listing Price vs CMP :
37.28 (98.11%)

Performance Report (CAGR* wise)

CAGR : -45.08
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Akshar Spintex

Company Information
Incorporated in 2013, Akshar Spintex Limited is engaged in the manufacturing of cotton yarn, specializing in 100% cotton yarn which includes combed, semi-combed, and carded yarn. The registered office is situated at Survey No. 102, Kalavad Ranuja Road, Kalavad District, Rajkot, Gujarat. The manufacturing facility is located in Kalavad, Rajkot District, Gujarat, covering an area of 1,83,437 sq. ft., strategically positioned in the vicinity of the rich cotton-growing areas of Gujarat. The company has installed a total capacity of 24,480 spindles. Technology plays a crucial role in the cotton yarn industry, influencing machine and labor productivity, which in turn determines the production and profitability of the company. The technical team is equipped with modern spinning technology and advanced processing techniques, ensuring the production of high-quality
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Object of Issue
  • Funding the working capital requirements of the Company
  • General Corporate Purposes

Akshar Spintex SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
May, 2018
IPO Size :
26.99 Cr.
IPO Subscription :
5.49 X     
PE Multiple :
20.00
IPO Registrar:
Bigshare Services Private Limited
Anchor Investors:

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FAQs

Akshar Spintex operates in Textiles and Manufacturing Of Cotton Yarn. The Issue is listed on BSE SME in May, 2018. Akshar Spintex IPO size was 26.99 Cr. with Issue price of 40.00 .

Akshar Spintex IPO subscription was 5.49 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Akshar Spintex IPO listed at a listing price of 38.00 against the offer price of 40.00.

The current market price of Akshar Spintex is 0.72.

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