Shanti Spintex Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

19 Dec 2023

Close Date

21 Dec 2023

Allotment

22 Dec 2023

Listing Date

27 Dec 2023

Exchange

BSE SME

Price Band

₹70

Listing Price

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Allotment Status

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Price Band

₹70

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

44,64,000 shares (aggregating up to ₹31.25 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹140,000

1 lot

Pre-IPO Holding

1,42,00,000 shares

Promoters

Post-IPO Holding

1,68,88,000 shares

Promoters

P/E (Pre)

9.82x

P/E (Post)

11.67x

EPS (Pre)

₹7.13

UPI Deadline

2023-12-21

Mandate

Anchor AllotmentMon, 18 Dec 2023

Basis of AllotmentFri, 22 Dec 2023

Refund InitiationTue, 26 Dec 2023

Demat CreditTue, 26 Dec 2023

Listing DayWed, 27 Dec 2023

UPI Mandate Deadline2023-12-21

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public42,40,000 shares (aggregating up to ₹29.68 Cr)

Market Maker Quota2,24,000 shares (aggregating up to ₹1.57 Cr)

Fresh Issue Shares24,64,000 shares (aggregating up to ₹17.25 Cr)

Offer for Sale17,76,000 shares of ₹10 (aggregating up to ₹12.43 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Shanti Spintex Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Dec 2023.

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	224,000	—	₹1.57
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,464,000	100%	₹31.25

IPO Shares Offered

Shanti Spintex Ltd IPO total issue size: ₹31.25 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	224,000	₹1.57	5.02%
Total	4,464,000	₹31.25	100.00%

* Based on upper price band ₹70 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹70.00

Upper Band

Min Investment

₹140,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹280,000
Retail (Max — 13 Lots)	13	26,000	₹1,820,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,960,000
B-HNI (Min — 68 Lots)	68	136,000	₹9,520,000

* Issue Price ₹70 × Lot Size 2,000 shares

IPO Schedule

Anchor

18 Dec 2023

✓ Done

IPO Open

19 Dec 2023

✓ Done

IPO Close

21 Dec 2023

✓ Done

Allotment

22 Dec 2023

✓ Done

Refunds

26 Dec 2023

✓ Done

Demat Credit

26 Dec 2023

✓ Done

Listing Day

27 Dec 2023

✓ Done

₹70.00

INR · BSE

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Issue ₹70.00 Live Price

About Shanti Spintex Ltd

Incorporated in 2010, Shanti Spintex Limited manufactures and sells denim fabrics.Shanti Spintex manufactures power stretch spandex denim, knit denim, lightweight denim, rigid denim, overdyed denim and flat-finished 3/1 denim. These fabrics are available in various shades such as Indigo Blue, IBST, Sulfur Black, Sulfur Gray, Halogen Blue and Ecru with weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths from 62" (157 cm) to 78" (198 cm).The company also produces gray fabrics in a variety of weaves including twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave.The company's manufacturing facility is located in Ahmedabad, Gujrat, and is spread over an area of 8660 square meters. The facility has 96 airjet weaving machines with a weaving capacity of 1,92,72,000 meters of denim fabric

Objects of the Issue

To meet Working Capital requirements

. General Corporate Purposes.

Shanti Spintex Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹25,526.5

31 Mar 2022

₹37,071.3

31 Mar 2023

₹16,237.6

30 Sep 2023

Profit After Tax (PAT)

₹486.6

31 Mar 2022

₹1,012.8

31 Mar 2023

₹523.8

30 Sep 2023

Particulars	30 Sep 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	16237.63	37071.27	25526.51
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	523.75	1012.81	486.59
Net Worth	6122.31	5603.93	4622.73
Total Assets	17457.31	17588.33	13631.33
Reserves & Surplus	4702.31	4893.93	3912.73
Borrowings	3474.45	4177.66	4868.64
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

19.81

RoCE

10.12

RoNW

18.07

Debt/Equity

0.75

Issue Structure & Shareholding

Total Shares Offered44,64,000 (100.00%)

Net Offer to Public42,40,000 shares (aggregating up to ₹29.68 Cr)

Reserved for Market Maker2,24,000 shares (aggregating up to ₹1.57 Cr)

Pre-Issue Promoter Holding1,42,00,000 shares

Post-Issue Promoter Holding1,68,88,000 shares

P/BV RatioN/A

RoE19.81

RoCE10.12

Debt / Equity0.75

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

ssl.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Hem Securities Ltd

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

IPO Subscription FAQs

How much Shanti Spintex Ltd IPO subscribed? ▲

Shanti Spintex Ltd IPO is subscribed 1.00 times by Dec 21, 2023. 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 Shanti Spintex Ltd IPO retail subscription status? ▼

The Shanti Spintex Ltd IPO retail category is subscribed 1.00 times as of 21 Dec 2023. The retail portion is oversubscribed.

How to subscribe Shanti Spintex Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 19 Dec 2023 and closes 21 Dec 2023. Min investment: ₹140,000 (1 lot = 2,000 shares). UPI mandate: 2023-12-21.

How many times Shanti Spintex Ltd IPO subscribed? ▼

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

How to check Shanti Spintex Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 22 Dec 2023. Refunds: on 26 Dec 2023.

When Shanti Spintex Ltd IPO will be listed? ▼

The Shanti Spintex Ltd IPO listing date is 27 Dec 2023, Wednesday. Listed on: BSE SME. Issue price: ₹70. Estimated listing: ₹70. GMP: NIL.

When Shanti Spintex Ltd IPO close? ▼

The Shanti Spintex Ltd IPO closes on 21 Dec 2023, Thursday. UPI mandate: 2023-12-21. Allotment: 22 Dec 2023. Listing: 27 Dec 2023.

Quick Actions

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Live Price LIVE

Last Price₹70.00

Change—

Issue Price₹70.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹70

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹140,000

GMPNIL

Est. Listing₹70

Subscribed1.00x

Open Date19 Dec 2023

Close Date21 Dec 2023

Allotment22 Dec 2023

Listing Date27 Dec 2023

ExchangeBSE SME

UPI Deadline2023-12-21