Angel Fibers Ltd was established in 2014, Angel Fibers Ltd (AFL) is, Rajkot Gujarat based company, primarily affianced in the business of spinning of cotton yarn. AFL also trades in cotton waste which is by-product of its manufactured product. The manufacturing facility of Company is situated at Kalavad in Jamanagar district of Gujarat state which is close to the cotton growing areas of Maharashtra and Saurashtra (region) of Gujarat.
The company has established a capacity of the spindlage of total 19584 spindles having installed capacity of 4363MT per annum to manufacture cotton yarn viz.,30s Ne Combed and 40s Compact variety of the Ginning and Spinning unit used to make products like bed sheets, socks, knitted fabrics, etc. and 40s Ne Compact Combed yarn used to make Shirtings, Sheeting, Bottom Weights, etc.
Company is aiming to produce yarn of export quality and entering the overseas market. This year AFL started exporting its product to Bangladesh. To augment its international demand and preference, AFL has recently procured fully automatic plant for spinning yarn with state of the art modern machines. Company has a diversified customer base catering to various segments. In domestic AFL has created market in states viz. Delhi, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab,Rajasthan, Tamil Nadu, Union Territories and West Bengal.
The company has established a capacity of the spindlage of total 19584 spindles having installed capacity of 4363MT per annum to manufacture cotton yarn viz.,30s Ne Combed and 40s Compact variety of the Ginning and Spinning unit used to make products like bed sheets, socks, knitted fabrics, etc. and 40s Ne Compact Combed yarn used to make Shirtings, Sheeting, Bottom Weights, etc.
Company is aiming to produce yarn of export quality and entering the overseas market. This year AFL started exporting its product to Bangladesh. To augment its international demand and preference, AFL has recently procured fully automatic plant for spinning yarn with state of the art modern machines. Company has a diversified customer base catering to various segments. In domestic AFL has created market in states viz. Delhi, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab,Rajasthan, Tamil Nadu, Union Territories and West Bengal.
Angel Fibers Ltd IPO Details
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Issue Open | 20-02-2018 |
Issue Close | 23-02-2018 |
Allotment Date | 01-03-2018 |
Unblocked Amount | 02-03-2018 |
Listing Date | 06-03-2018 |
Issue Share | 67,48,000 Total Equity Share 3,42,000 Reserved by Market Maker |
Issue Size | ₹ 18.44 Cr |
IPO Price Band | ₹ 27 |
Minimum Share Bid | 4000 |
Minimum Investment Amount [Rs] | ₹ 1,08,000 |
Face Value | ₹ 10 |
Retail Allocation | 50% |
Listing On | BSE SME |
Premium [Per Share] | NA |
Average Earning Per Share | NA |
Expected Listing Gain | ₹ 13000 |
Angel Fibers Ltd IPO Financial details [in Rs, Cr]
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Financial Year | Total Revenue | Total Expenses | Profit After Tax |
FY-2013 | - | - | - |
FY-2014 | - | - | - |
FY-2015 | - | - | - |
FY-2016 | 51.02 | 53.50 | -5.65 |
FY-2017 | 88.74 | 86.76 | 3.11 |
H1-FY-2018 | 46.08 | 43.85 | 2.59 |
Angel Fibers Ltd IPO Subscription Details
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As on Date | QIB/NII | RII | Total |
Shared Offred | 32,03,000 | 32,03,000 | 64,06,000 |
Day-1 [20-02-2018] | 2,08,000 [0.07] | 12,20,000 [0.38] | 14,28,000 [0.22] |
Day-2 [21-02-2018] | 5,64,000 [0.18] | 32,60,000 [1.01] | 38,24,000 [0.60] |
Day-3 [22-02-2018] | 35,04,000 [1.09] | 73,68,000 [2.31] | 1,08,72,000 [1.70] |
Day-4 [23-02-2018] | 51,56,000 [1.60] | 1,95,68,000 [6.10] | 2,47,24,000 [3.85] |
Angel Fibers Ltd IPO Valuation Details
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Earnings Per Share [EPS] | ₹ 1.24 |
Price/Earnings [P/E] Ratio | 21.78 |
Return on Net Worth [RoNW] | 13.85% |
Net Asset Value [NAV] | ₹ 10.03 |
Angel Fibers Ltd IPO Contact Details
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Angel Fibers Ltd
Shop No.6 Shivalik-2, University Rd, Near Pushkardham Temple, Sadguru Nagar, Rajkot, Phone: +91 94267 85557 Fax: +91 76220 22350 Email: cs@angelfibers.com Website: http://www.angelfibers.com/ |
Registrar of Angel Fibers Ltd IPO
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BIGSHARE SERVICES PRIVATE LIMITED
1st floor, Bharat Tin works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai 400059 Tel: +91 22 62638200 Fax: +91 22 62638299 Email: ipo@bigshareonline.com Investor Grievance Email: investors@bigshareonline.com Website: www.bigshareonline.com Contact Person: Vipin Gupta SEBI Registration Number: INR000001385 |
Lead Managers of Angel Fibers Ltd IPO
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GUINESS CORPORATE ADVISORS PRIVATE LIMITED
18 Deshapriya Park Road, Kolkata - 700 026, West Bengal, India Tel: +91-33-4057 5555 Fax: +91-33-3001 5531 Email:gcapl@guinessgroup.net Investor Grievance Email: gcapl.mbd@guinessgroup.net Website:www.guinessonline.net Contact Person: Alka Mishra SEBI Registration No.: INM 000011930 |
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