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IPO : Shanti Spintex Limited

IPO : Shanti Spintex Limited
  • By Goodwill
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  • December 20, 2023

IPO : Shanti Spintex Limited

Shanti Spintex Limited IPO

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 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. 1. To meet Working Capital requirements
  2. 2. General Corporate Purposes.
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Risk Disclosures
on Derivatives

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Source: SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

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