IPO : Shanti Spintex Limited
Shanti Spintex Limited IPO
Thank you for reading this post, don't forget to subscribe!| SYMBOL | SHANTIDENM |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Tuesday, December 19, 2023 |
| ISSUE CLOSES ON | Thursday, December 21, 2023 |
| ISSUE PRICE | ₹66 to ₹70 per share |
| ISSUE SIZE | Up to Rs.31.25 Crores |
| FACE VALUE | Rs.10 per share |
Shanti Spintex IPO is a book built issue of Rs 31.25 crores. The issue is a combination of fresh issue of 26.88 lakh shares aggregating to Rs 18.82 crores and offer for sale of 17.76 lakh shares aggregating to Rs 12.43 crores.
Shanti Spintex IPO bidding opened for subscription on December 19, 2023 and will close on December 21, 2023. The allotment for the Shanti Spintex IPO is expected to be finalized on Friday, December 22, 2023. Shanti Spintex IPO will list on BSE SME with tentative listing date fixed as Wednesday, December 27, 2023.
| MINIMUM BID | 2000 shares |
| MINIMUM AMOUNT | Rs.140,000 |
| MAXIMUM BID | 2000 shares |
| MAXIMUM AMOUNT | Rs.140,000 |
| PROMOTER HOLDING | 73.57% (Post-issue) |
| LISTING DATE | Wednesday, December 27, 2023 |
| LISTING AT | BSE, SME |
Shanti Spintex IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Objects of the Issue (Shanti Spintex IPO Objectives)
The company proposes to utilize the funds which are being raised through the Fresh Issue, towards funding the following objects:
- 1. To meet Working Capital requirements
- 2. General Corporate Purposes.
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