Akshar Spintex IPO is set to make its debut on 27 April 18 with 26.99 Cr i s a company engaged in the manufacturing of cotton yarn.
Akshar Spintex IPO – overview
| IPO Dates | 27 April – 3May 18 |
| IPO Price | INR 40 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 6,747,000 shares (INR 26.99 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
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 a total of 24,480 spindles.
The company has 216 employees on its payroll.
Objects of the Issue
1. Funding the working capital requirements of the Company
2. General corporate purposes.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 8218.88 | 7487.82 | 7029.73 |
| Total Revenue | 9038.94 | 5984.38 | 1561.73 |
| Profit After Tax | 538.61 | 266.94 | 51.25 |
Company Contact Information
Akshar Spintex Limited
Revenue Survey No. 102/2, Paiki, Plot No. 2,
Village – Haripar, Ranuja Road,
Tal – Kalavad, Jamnagar – 361013
Phone: +9198252 13622
Email: admin@aksharspintex.in
Website: http://www.aksharspintex.in
Akshar Spintex IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Akshar Spintex IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
