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Open
27 Apr to 3 May, 2018
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Close
27 Apr to 3 May, 2018
3
Allotment
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Listing
Fri, May 11, 2018
Price Band
₹40 per share
Issue Size
67,47,000 shares (agg. up to ₹27 Cr)
Lot Size
3,000 Shares
Listing Date
Fri, May 11, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 5.05x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 91.98 | 82.19 | 74.88 | 70.30 |
| Total Income | 55.60 | 90.39 | 59.84 | 15.62 |
| Profit After Tax | 2.79 | 5.39 | 2.67 | -0.51 |
| NET Worth | 34.33 | 31.54 | 26.16 | 19.50 |
| Reserves and Surplus | 10.33 | 7.54 | 2.16 | -0.51 |
| Total Borrowing | 35.50 | 36.19 | 38.35 | 41.40 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vera Synthetic Ltd. | SME | ₹5.34 Cr | ₹40 | null | ₹44.30 | +10.75% | ₹65.55 (-5.00%) |
| Angel Fibers Ltd. | SME | ₹18.22 Cr | ₹27 | null | ₹27.10 | +0.37% | ₹10.60 (+7.61%) |
| Gujarat Hy-Spin Ltd. | SME | ₹4.45 Cr | ₹10 | null | ₹10.81 | +8.10% | ₹9.36 (+4.00%) |
| S K S Textiles Ltd. | SME | ₹13.32 Cr | ₹150 | null | ₹133.35 | -11.10% | (+0.00%) |
| Trident Texofab Ltd. | SME | ₹3.53 Cr | ₹30 | null | ₹68.00 | +126.67% | ₹32.33 (+2.83%) |
| AKM Lace & Embrotex Ltd. | SME | ₹4.76 Cr | ₹25 | null | ₹24.90 | -0.40% | ₹1,163.10 (+0.00%) |
| Pashupati Cotspin Ltd. | SME | ₹20.88 Cr | ₹75 | null | ₹75.00 | +0.00% | ₹88.45 (+1.23%) |
| Globe Textiles (India) Ltd. | SME | ₹13.71 Cr | ₹51 | null | ₹50.15 | -1.67% | ₹2.15 (+1.42%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 2.80 |
| 2 | General corporate purposes | 0.90 |
About Akshar Spintex IPO
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.+ Read More
Contact Details
Akshar Spintex Ltd. AddressRevenue Survey No.102/2, Paiki, Plot No.2Village-Haripar, Ranuja RoadTal-KalavadJamnagar, Gujarat, 361013+9198252 13622admin@aksharspintex.inVisit Website