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Shanti Spintex IPO is a book build IPO listing on BSE SME exchange. The company is based in Ahmedabad and caters to Textiles - Fabrics sector. Hem Securities is the merchant banker of Shanti Spintex IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 15th September 2023.
Shanti Spintex IPO open date is 19th December 2023 and close date is 21st December 2023. IPO Allotment Date is 22nd December 2023 and Listing date is 27th December 2023.Shanti Spintex IPO size is Rs 31.25 Cr. crores with IPO price of Rs 70.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Shanti Spintex IPO. Kfin Technologies Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Shanti Spintex IPO.
Shanti Spintex IPO anchor investors are the below investors. The number of anchor investors in this IPO is 8.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Rajasthan Global Securities | 160,000.00 | ₹70.00 | ₹11,200,000.00 |
| Persistent Growth Fund- | 160,000.00 | ₹70.00 | ₹11,200,000.00 |
| FINAVENUE CAPITAL TRUST | 160,000.00 | ₹70.00 | ₹11,200,000.00 |
| LC Radiance Fund | 156,000.00 | ₹70.00 | ₹10,920,000.00 |
| Moneywise Financial Services | 160,000.00 | ₹70.00 | ₹11,200,000.00 |
| 3 SIGMA GLOBAL | 160,000.00 | ₹70.00 | ₹11,200,000.00 |
| Swyom India Alpha | 160,000.00 | ₹70.00 | ₹11,200,000.00 |
| Matterhorn India Fund | 156,000.00 | ₹70.00 | ₹10,920,000.00 |
Shanti Spintex IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Shanti Spintex IPO, based in Ahmedabad, operates in the Textiles - Fabrics sector with a focus on manufacturing and selling of denim fabrics. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Shanti Spintex IPO size is ₹ 31.25 Cr. Crores with fresh issue size of Rs 31.25 Cr. Crores and Offer for sale being 31.25..
The IPO allotment date for Shanti Spintex IPO is expected to be 22nd December 2023, after the finalization of basis of allotment. Investors can check Shanti Spintex IPO allotment status on the registrars website, Kfin Technologies Limited. Shanti Spintex IPO refund dates are 26th December 2023.
Shanti Spintex IPO is expected to be listed on 27th December 2023.
The upper price band for the Shanti Spintex IPO is set at ₹ 70.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Shanti Spintex IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Shanti Spintex IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 21st December 2023. After submission, funds are blocked until the basis of allotment of Shanti Spintex IPO is finalised.
The merchant banker for Shanti Spintex IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Shanti Spintex IPO RHP for further details.
The registrar for Shanti Spintex IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Shanti Spintex IPO through their official website or helpline.
Shanti Spintex IPO was subscribed 27.38 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 31.25 Cr.
Avg IPO Size (Sector Based)
:
₹ 22.57 Cr.
Sector: Textiles - Fabrics
SME IPO so far:
11
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Ahmedabad
SME IPO so far:
174
Revenue (annualised):
₹ 324.64 cr.
PE
Ratio:
11.67x
Average Sector PE Ratio: 12.18x
Shanti Spintex IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Shanti Spintex Financial Review Page
Merchant Banker(s) of Shanti Spintex IPO: Hem Securities Limited
Shanti Spintex IPO subscription was 27.38 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.
Shanti Spintex IPO listed at a listing price of 79.80 against the offer price of 70.00.
The current market price of Shanti Spintex is 66.95.
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