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Open
19 Dec 2023
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Close
21 Dec 2023
3
Allotment
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Listing
Wed, Dec 27, 2023
Price Band
₹66 to ₹70
Issue Size
44,64,000 shares (agg. up to ₹31 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Dec 27, 2023
Latest GMP
₹15
Est. Gain
21.43%
✦ AI Insight
GMP Trend
27-12-2023₹15Est. ₹85+21.43%
26-12-2023₹15Est. ₹85+21.43%
25-12-2023₹15Est. ₹85+21.43%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 19.21x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 174.57 | 175.88 | 136.31 | 119.27 |
| Total Income | 162.38 | 370.71 | 255.27 | 112.94 |
| Profit After Tax | 5.24 | 10.13 | 4.87 | 3.38 |
| NET Worth | 61.22 | 56.04 | 46.23 | 41.36 |
| Reserves and Surplus | 47.02 | 48.94 | 39.13 | 34.26 |
| Total Borrowing | 34.74 | 41.78 | 48.69 | 42.79 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sahaj Fashions Ltd. | SME | ₹13.96 Cr | ₹30 | null | ₹30.35 | +1.17% | ₹11.10 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 17.55 |
| 2 | General Corporate Purpose | 0.01 |
About Shanti Spintex IPO
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+ Read More
Contact Details
Shanti Spintex Ltd. AddressSub Plot 1, Unit 1, Survey No.297, DholiIntegrated Spinning Park Limited, DholiDholkaAhmedabad, Gujarat, 382240+91-98258 01039info@shantispintex.comVisit Website