Advance Syntex Ltd IPO

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Public issue of 21,00,000 equity shares of face value of Rs. 10.00 each of Advance Syntex Limited (The company or The issuer) for Cash at a price of Rs. 12.00 per equity share (including a share premium of Rs. 2.00 per equity share) (issue price) aggregating to Rs. 2.52 Crores (the issue), of which 1,20,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 12.00 per equity share, Aggregating to Rs. 0.14 Crores will be reserved for subscription by market maker (Market maker reservation portion). The Issue less the market maker reservation portion i.e. issue of 19,80,000 equity shares of face value of Rs. 10.00 each at an issue price Of Rs. 12.00 per equity share aggregating to Rs. 2.38 Crores (Is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.53% and 25.02%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 12.00 each. The issue price is 1.2 times of the face value.

Advance Syntex Ltd IPO Subscription Details


Advance Syntex Ltd

Issue Type

Fixed Price - SME

Open Date

30 Jun

Close Date

04 Jul

Offer Price


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  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

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Contact Details of Advance Syntex Ltd IPO

Company Contact Information

Advance Syntex Ltd IPO
233/2 & 238/2 GIDC,
POR Ramangamdi,
Vadodara, Gujarat 391243.

Phone: 91-265-2831850
Email: info@midasglitter.com

Advance Syntex Ltd IPO Register

Sharex Dynamic (India) Pvt Ltd

Advance Syntex Ltd IPO Lead Manager(s)

  • Hem Securities Ltd

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