Monday, April 23, 2018

Akshar Spintex IPO Dates, Price Band, Market Lot, Allotment & Subscription Details

 Monday, April 23, 2018  
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Akshar Spintex Ltd incorporated in 2013 based in Gujarat. The company is manufacturer of 100% cotton yarns which includes combed, semi-combed and carded yarn. They have 24480 spindles capacity with 216 employees on payroll. Akshar Spintex ipo is starting from 27 April and ends on 03 May. The price band is around Rs.40 with 3000 market lot. The ipo size is around 26.99 crore rupees.

IPO Review:
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Akshar Spintex IPO Dates & Price Band:
  • IPO Open: 27 April 2018
  • IPO Close: 03 May 2018
  • IPO Size: Approx Rs 26.99 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.40 Per Equity Share
  • Listing on: BSE SME
  • Shares: 6,747,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 3,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,12,000
IPO Allotment & Listing:
  • Basis of Allotment: 9-May-2018
  • Refunds: 10-May-2018
  • Credit to demat accounts: 11-May-2018
  • Listing: 14-May-2018
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Financial Results:

Rs. in Crore

- 2015 2016 2017 2018 (7M)
Revenues - 15.62 59.84 90.39 55.60
Expenses - 15.37 56.37 84.21 49.93
PAT - (0.51) 2.67 5.39 2.79


Grey Market Premium:
  • The grey market is around Rs.6000 Subject to Sauda.
Akshar Spintex IPO Subscription Status:
  • IPO Subscribed 1.99 times on day 3
Akshar Spintex IPO Allotment Status:
Company Promoters:
  • Ashok Bhalala
  • Amit Gadhiya
  • Harikrishna Chauhan
  • Rekhaben Chauhan
Quick Links:
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IPO Registrar:
Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: [email protected]
Website: http://www.bigshareonline.com

IPO Lead Managers:
  •  Pantomath Capital Advisors Pvt. Ltd.
Company Address:
Akshar Spintex Limited
Revenue Survey No. 102/2, Paiki, Plot No. 2,
Village - Haripar, Ranuja Road,
Tal - Kalavad, Jamnagar - 361013
Phone: +9198252 13622
Email: [email protected]
Website: http://www.aksharspintex.in

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