Akshar Spintex Limited IPO Details

Established in 2013, Akshar Spintex Limited is a company engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed, carded yarn, Slub yarn, Core yarn, TFO(Doubling) yarn, Eli Twist yarn, Fancy yarn, Melange yarn, Blended yarn, BCI and Organic Certified 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 with annual production 6000 MT in cotton yarn for our count range is 16’s to 44’s Ne contamination Controlled auto coned carded, semi comed and combed mill with all latest German and Japanese technology machineries.

Akshar Spintex Limited IPO Details
Issue Open	27-04-2018
Issue Close	03-05-2018
Allotment Date	09-05-2018
Unblocked Amount	10-05-2018
Listing Date	11-05-2018
Issue Share	67,47,000 Total Equity Share 3,45,000 Reserved by Market Maker 64,02,000 Equity Share
Issue Size	₹ 26.99 Cr
IPO Price Band	₹ 40
Minimum Share Bid	3000
Minimum Investment Amount [Rs]	₹ 1,20,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	BSE SME
Premium [Per Share]	NA
Average Earning Per Share	NA
Expected Listing Gain	₹ 7500

Akshar Spintex Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	0.00	0.00	0.00
FY-2014	0.00	0.00	0.00
FY-2015	15.62	15.37	-0.51
FY-2016	59.84	56.37	2.67
FY-2017	90.39	84.21	5.40
Aug-FY-2017	55.60	49.93	2.79
-	-	-	-

Akshar Spintex Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	32,01,000	32,01,000	64,02,000
Day-1 [27-04-2018]	11,67,000 [0.37]	33,21,000 [1.03]	44,88,000 [0.70]
Day-2 [30-04-2018]	11,67,000 [0.37]	37,38,000 [1.17]	49,05,000 [0.77]
Day-3 [02-05-2018]	14,61,000 [0.46]	1,20,03,000 [3.75]	1,34,64,000 [2.01]
Day-4 [03-04-2018]	55,32,000 [1.72]	2,96,04,000 [9.24]	3,51,36,000 [5.49]

Akshar Spintex Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 2.24
Price/Earnings [P/E] Ratio	17.86
Return on Net Worth [RoNW]	17.08 %
Net Asset Value [NAV]	₹ 15.76 Per Share

Akshar Spintex Limited IPO Contact Details
Akshar Spintex Limited Revenue Survey No: 102/2, Plot No: 2, Kalavad-Ranuja Road, Kalavad(Shitla), At: Haripar, Dist: Jamnagar,  Pincode: 361013, Gujarat, India. Tel. No:- +9198252 13622 Email ID:- admin@aksharspintex.in website:- http://www.aksharspintex.in

Registrar of Akshar Spintex Limited IPO
BIGSHARE SERVICES PRIVATE LIMITED Address: 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Apartments (Next to Keys Hotel), Marol Maroshi Road, Andheri (East), Mumbai – 400059. Tel.: +9122 6263 8200 Fax.: +91 22 6263 8299 Email: info@bigshareonline.com Website: http://www.bigshareonline.com SEBI Registration No.: INR000001385 Contact Person: Mr. Ashok Shetty

Lead Managers of Akshar Spintex Limited IPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshva Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Unmesh Zagade SEBI Registration No:INM000012110

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Akshar Spintex Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral