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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

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