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

Shanti Spintex Limited IPO (Shanti Spintex IPO) Details

Shanti Spintex Limited is an Textiles - Fabrics based company, located in Ahmedabad, Shanti Spintex Limited IPO size was 31.25 Cr. and was issued at 70.00 per share. The share of Shanti Spintex Limited were listed at 79.80 per share and are currently trading at 74.78 per share.

Type :
Sub Sector :
SME IPO
BSE SME

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

Revenue :
324.76 Cr.

PAT :
10.48 Cr.

Pricing Report

Issue Price :
70.00

Listing Price :
79.80

Current Market Price :
74.78

Issue Price vs CMP :
4.78 (6.83%)

listing Price vs CMP :
5.02 (6.29%)

Performance Report (CAGR* wise)

CAGR : 6.36
-ve 0 6 9 12+
Above Average

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

About Shanti Spintex

Company Information
Incorporated in 2010, Shanti Spintex is primarily engaged in manufacturing and selling of denim fabrics. They began their business as a fabrics trading concern in the F.Y. 2014-15. In 2016, the Company established its fabric weaving unit at Dholi - Integrated Spinning Park, Dholka, Ahmedabad on plot area measuring to 8660 sq. mtrs. As on date of this Draft Red Herring Prospectus, the Company has 96 airjet looms installed at Dholi unit which has an annual installed capacity of weaving 1,92,72,000 mtrs. of denim fabrics. Weaving is the process of converting yarn into fabrics wherein two distinct sets of yarns or threads are interlaced at right angles to form a fabric. The airjet looms installed by them utilize a technique where a jet of compressed
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Object of Issue
  • To meet Working Capital requirements
  • General Corporate Purposes

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

IPO Type :
Book Building
IPO Date :
Dec, 2023
IPO Size :
31.25 Cr.
Market Cap :
118.22 Cr.   
IPO Subscription :
27.38 X     
PE Multiple :
11.67
Merchant Banker :
Hem Securities Limited
IPO Registrar:
Kfin Technologies Limited

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FAQs

Shanti Spintex operates in Textiles - Fabrics and . The Issue is listed on BSE SME in Dec, 2023. Shanti Spintex IPO size was 31.25 Cr. with Issue price of 70.00 .

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 74.78.

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