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IPO

IPO Details


Akshar Spintex Ltd
Registered Office: Revenue Survey No. 102/2 Paiki, Plot No 2 Ranuja Road Kalavad, Jamnagar - 361013, Gujarat
Phone: 91-9825213622
Email: admin@aksharspintex.in
Website: www.aksharspintex.in
Initial public offer of 67,47,000 equity shares of face value of 10/- each (Equity Shares) of Akshar Spintex Limited (Company or Issuer) for cash at a price of Rs. 40 per equity share (including a share premium of Rs. 30 per equity share) aggregating to Rs. 26.99 crores (Offer) comprising a fresh issue of 9,99,000 equity shares aggregating to Rs. 4 crores by the company (Fresh Issue) and an offer for sale of 57,48,000 equity shares by selling shareholders (Offer for Sale) aggregating to Rs. 22.99 Crores and together with the fresh issue (The Offer). of which 3,45,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 40 per equity share, aggregating Rs. 1.38 crores will be reserved for subscriptions by the market maker to the offer (The Market Maker Reservation Portion). The offer less market maker reservation portion i.e. Net offer of 64,02,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 40 per equity share, aggregating Rs. 25.61 crores is hereinafter refered to as the Net Offer. The offer and the net offer will constitute 26.99% and 25.61% respectively of the fully diluted post offer paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the offer price of Rs. 40 is 4 times of the face value of the equity share.
Issue Money Payable On
Opens On Closes On Application Allotment
27-Apr-2018 03-May-2018 ₹ 40.00 ₹ 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(₹)Cr. Lead Managers to the Issue
Project Cost 26.99 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 26.99
Post Issue Equity Share Capital 25.00
Issue Price ₹40.00
Projects
Funding the working capital requirements of the company
General corporate purposes
Promoted By
Ashok Bhalala
Amit Gadhiya
Harikrishna Chauhan
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

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84,544.31 1,359.51 (1.63%)

Nifty

25,790.95 375.15 (1.48%)

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NASDAQ

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