Akshar Spintex Limited IPO

Add to Calendar 2018-04-27 12:00 AM 2018-05-03 12:00 AM Asia/Kolkata Akshar Spintex Limited IPO Akshar Spintex Limited India

Akshar Spintex Limited is a gujarat based company engaged in manufacturing of cotton yarn. The company has 24480 spindles in operations to meet the demand. Currently company employs 210+ employees.

Date of incorporation : The company was incorporated in 2013 in Gujarat

Promoters of Akshar Spintex Limited: Ashok Bhalala, Amit Gadhiya, Harikrishna Chauhan and Rekhaben Chauhan are the promoters of the company

Products and services Offered: The Akshar Spintex Limited manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn.

Customer Segment: The company mainly fulfills the requirement of retail customers through its channels

Object of the Issue: The Objects Of The Issue are:

  1. Funding the working capital requirements of the Company

  2. General corporate purposes.

Company Financials:



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Profit After Tax






Issue Detail

  • Issue Open: Apr 27, 2018
  • Issue Close: May 03, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 40 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 26.99 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 3,201,000 3,201,000 - 345,000 6,747,000
Day 1 - Apr 27, 2018IST 0 1,167,000 3,321,000 - - 4,488,000
Day 2 - Apr 30, 2018IST 0 1,167,000 3,738,000 - - 4,805,000
Day 3 - May 02, 2018IST 0 1,461,000 12,003,000 - - 13,464,000

Listing Day Trading Information

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