Shanti Spintex is set to launch an IPO, the complete details are yet to come.

About Shanti Spintex Company

Shanti Spintex (2010) is engaged in manufacturing various types of denim fabrics such as knit denim, rigid denim, lightweight denim, flat finish denim, etc., and also capability to produce gray fabric in a diverse spectrum of shades such as indigo blue, IBST, sulphur, halogen, etc. The company operations also include the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, etc.

Shanti Spintex IPO Object

The objects of which the net proceeds from the issue shall be utilized are as follows:

1. To meet the working capital requirement of the company
2. General corporate purpose

Shanti Spintex Strength

1. Capability to manufacture a diverse range of denim fabrics in-house weaving unit
2. Stringent quality control mechanism  
3. Experienced promoters and management team

Shanti Spintex Risk Factor

1. High competition
2. Primarily dependent upon a few key suppliers for procurement of raw material.

Shanti Spintex IPO Review & Rating

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Shanti Spintex IPO Dates, Price Band & Details

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Shanti Spintex IPO Offer

Shanti Spintex IPO’s total issue size is 26,88,000 shares which comprise the below-mentioned categories. 

Offer Category	Shares Offer	Amount (Rs.)
Fresh Issue	26,88,000	N/A
Offer for Sale (OFS)	–	–

 

Shanti Spintex Financials Review (Lakhs)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.)	March 31, 2023	March 31, 2022	March 31, 2021
Total Revenue	37311.37	25526.51	11293.73
Net Worth	5603.93	4622.73	4136.14
Profit	1012.81	486.59	337.53
Borrowings	4177.66	4868.64	4278.83

 

Shanti Spintex IPO Quantitative Factors

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category	March 31, 2023	March 31, 2022	March 31, 2021
EPS (Rs.)	7.13	3.43	2.38
RoNW (%)	18.07	10.53	8.16
NAV (Rs.)	39.46	32.55	29.13

 

Shanti Spintex IPO Peer Comparison (Top 2)

There are listed companies in India that are comparable in all aspects of business. 

Company Names	EPS (Rs.)	RoNW (%)	NAV (Rs.)
Jindal Worldwide	5.77	17.80	32.46
United Polyfeb	2.56	8.60	30.40

 

Shanti Spintex Company Promoters 

As per the DRHP and RHP, the company has two promoters. 

Serial No.	Name
01.	Bharat Bhushan Omprakash Agarwal
02.	Ritkin Bharat Bhushan Agarwal

 

Shanti Spintex Pre-offer and Post-Offer Promoters Shareholding 

Promoter and promoter group Shareholding	Percentage (%)
Pre-Issue	87.49
Post- Issue	–

 

Shanti Spintex IPO Reservation

Shanti Spintex IPO total reservation shares are distributed between the below-mentioned categories. 

Category	No. of Shares
QIB Share Offered	Not more than 50% of the issue size
RII Share Offered	Not less than 35% of the issue size
NII Share Offered	Not less than 15% of the issue size

 

Shanti Spintex IPO – Market Lot Size

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Shanti Spintex IPO – Prospectus

An investor can download/view the Shanti Spintex prospectus copy, which was filed by the company to SEBI, details are as follows. 

Shanti Spintex IPO Prospectus	Download/View Links
Draft Red Herring Prospectus (DRHP)	Click here
Red Herring Prospectus (RHP)	Click here

 

Shanti Spintex IPO Registrar 

Kfin Technologies Limited 

Tel No.: +91-4067162222

E-Mail: ssl.ipo@kfintech.com

Website: www.kfintech.com

Shanti Spintex IPO lead manager

HEM Securities Limited

Tel No.: +91-22 49060000

E-Mail: ib@hemsecuritites.com

Website: www.hemsecuritites.com

Shanti Spintex IPO Application (How to Apply for an IPO)

There are primary four options for applying for a Shanti Spintex IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Shanti Spintex Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Shanti Spintex Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you. 

Option – 4 Apply for IPO through Stock Exchanges

NSE Form – Click to download

BSE Form – Click to download 

Submit the form with your bank/broker. 

Shanti Spintex Company Details

Shanti Spintex Limited 

Registered Office: Sub Plot 1, Unit No.1, Survey No. 297, Dholi, Integrated Spinning Park Limited, Ahmedabad, Gujarat-382 240

Tel. No: +91-98258 01039

Email: info@shantispintex.com

Website: www.shantispintex.com

Investor Grievances/Compliance Officer: Mrs. Mohini Singhal

Shanti Spintex Subsidiary Companies (Top 2)

Serial No.	Name of Companies
01.	–
02.	–

 

Shanti Spintex Company Board (Top 2)

Serial No.	Name of Directors
01.	Bharat Bhushan Omprakash Agarwal
02.	Ritkin Bharat Bhushan Agarwal

 

Shanti Spintex IPO – Frequently Asked Questions (FAQ’s)

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