Akshar Spintex Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

27 Apr 2018

Close Date

03 May 2018

Allotment

09 May 2018

Listing Date

11 May 2018

Exchange

BSE SME

Price Band

₹40

Listing Price

See chart

Allotment Status

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Price Band

₹40

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

67,47,000 shares (aggregating up to ₹26.99 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

2,40,00,000 shares

Promoters

Post-IPO Holding

2,49,99,000 shares

Promoters

UPI Deadline

2018-05-03

Mandate

Anchor AllotmentThu, 26 Apr 2018

Basis of AllotmentWed, 09 May 2018

Refund InitiationThu, 10 May 2018

Demat CreditThu, 10 May 2018

Listing DayFri, 11 May 2018

UPI Mandate Deadline2018-05-03

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public64,02,000 shares (aggregating up to ₹25.61 Cr)

Market Maker Quota3,45,000 shares (aggregating up to ₹1.38 Cr)

Fresh Issue Shares6,54,000 shares (aggregating up to ₹2.62 Cr)

Offer for Sale57,48,000 shares of ₹10 (aggregating up to ₹22.99 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Akshar Spintex Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 May 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	345,000	—	₹1.38
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,747,000	100%	₹26.99

IPO Shares Offered

Akshar Spintex Ltd. IPO total issue size: ₹26.99 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	345,000	₹1.38	5.11%
Total	6,747,000	₹26.99	100.00%

* Based on upper price band ₹40 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹40.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹240,000
Retail (Max — 13 Lots)	13	39,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	204,000	₹8,160,000

* Issue Price ₹40 × Lot Size 3,000 shares

IPO Schedule

Anchor

26 Apr 2018

✓ Done

IPO Open

27 Apr 2018

✓ Done

IPO Close

03 May 2018

✓ Done

Allotment

09 May 2018

✓ Done

Refunds

10 May 2018

✓ Done

Demat Credit

10 May 2018

✓ Done

Listing Day

11 May 2018

✓ Done

₹40.00

INR · BSE

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Issue ₹40.00 Live Price

About Akshar Spintex Ltd.

Incorporated in 2013, Gujarat based Akshar Spintex Limited is a company engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn.The manufacturing facility of the Company is situated in the vicinity of the rich cotton growing areas of Gujarat. The company has installed capacity of total 24,480 spindles.The company has 216 employees on its payroll.

Objects of the Issue

1 Funding the working capital requirements of the Company

2 General corporate purposes

Akshar Spintex Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹1,561.7

31-Mar-15

₹5,984.4

31-Mar-16

₹9,038.9

31-Mar-17

Profit After Tax (PAT)

₹51.3

31-Mar-15

₹266.9

31-Mar-16

₹538.6

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	9038.94	5984.38	1561.73
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	538.61	266.94	51.25
Net Worth	N/A	N/A	N/A
Total Assets	8218.88	7487.82	7029.73
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered67,47,000 (100.00%)

Net Offer to Public64,02,000 shares (aggregating up to ₹25.61 Cr)

Reserved for Market Maker3,45,000 shares (aggregating up to ₹1.38 Cr)

Pre-Issue Promoter Holding2,40,00,000 shares

Post-Issue Promoter Holding2,49,99,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Pantomath Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Akshar Spintex Ltd. IPO subscribed? ▲

Akshar Spintex Ltd. IPO is subscribed 1.00 times by May 03, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Akshar Spintex Ltd. IPO retail subscription status? ▼

The Akshar Spintex Ltd. IPO retail category is subscribed 1.00 times as of 03 May 2018. The retail portion is oversubscribed.

How to subscribe Akshar Spintex Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 27 Apr 2018 and closes 03 May 2018. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2018-05-03.

How many times Akshar Spintex Ltd. IPO subscribed? ▼

The Akshar Spintex Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Akshar Spintex Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 09 May 2018. Refunds: on 10 May 2018.

When Akshar Spintex Ltd. IPO will be listed? ▼

The Akshar Spintex Ltd. IPO listing date is 11 May 2018, Friday. Listed on: BSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When Akshar Spintex Ltd. IPO close? ▼

The Akshar Spintex Ltd. IPO closes on 03 May 2018, Thursday. UPI mandate: 2018-05-03. Allotment: 09 May 2018. Listing: 11 May 2018.

Quick Actions

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Live Price LIVE

Last Price₹40.00

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Issue Price₹40.00

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Quick Summary

StatusListed

Issue Price₹40

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹40

Subscribed1.00x

Open Date27 Apr 2018

Close Date03 May 2018

Allotment09 May 2018

Listing Date11 May 2018

ExchangeBSE SME

UPI Deadline2018-05-03