Akshar Spintex Ltd IPO

Closed

Subscription Details

  • Open Date 27 Apr
  • Close Date 03 May
  • Lot Size 3000
  • IPO Size ₹ 26.99 Cr
  • IPO Price Range ₹ 40
  • Min Investment ₹ 120000

Akshar Spintex Ltd IPO Timeline

Open Date
27 Apr
Close Date
03 May
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Initial public offer of 67,47,000 equity shares of face value of 10/- each (Equity Shares) of Akshar Spintex Limited (Company or Issuer) for cash at a price of Rs. 40 per equity share (including a share premium of Rs. 30 per equity share) aggregating to Rs. 26.99 crores (Offer) comprising a fresh issue of 9,99,000 equity shares aggregating to Rs. 4 crores by the company (Fresh Issue) and an offer for sale of 57,48,000 equity shares by selling shareholders (Offer for Sale) aggregating to Rs. 22.99 Crores and together with the fresh issue (The Offer). of which 3,45,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 40 per equity share, aggregating Rs. 1.38 crores will be reserved for subscriptions by the market maker to the offer (The Market Maker Reservation Portion). The offer less market maker reservation portion i.e. Net offer of 64,02,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 40 per equity share, aggregating Rs. 25.61 crores is hereinafter refered to as the Net Offer. The offer and the net offer will constitute 26.99% and 25.61% respectively of the fully diluted post offer paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the offer price of Rs. 40 is 4 times of the face value of the equity share.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Akshar Spintex Ltd IPO

Contact Information

Address

Revenue Survey No. 102/2 Paiki,
Plot No 2 Ranuja Road Kalavad,
Jamnagar, Gujarat 361013

Akshar Spintex Ltd IPO Lead Manager

Pantomath Capital Advisors Pvt Ltd
Open Demat Account