Akshar Spintex Limited IPO
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:
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Funding the working capital requirements of the Company
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General corporate purposes.
Company Financials:
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Particulars |
For the year/period ended (in Rs. Lacs) |
|||||
|
31-Mar-17 |
31-Mar-16 |
31-Mar-15 |
31-Mar-14 |
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Total Assets |
8218.88 |
7487.82 |
7029.73 |
2479.56 |
||
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Total Revenue |
9038.94 |
5984.38 |
1561.73 |
0 |
||
|
Profit After Tax |
538.61 |
266.94 |
(51.25) |
0 |
||
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
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Issue Size:
Rs 26.99 Cr
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