Angel Fibers Ltd IPO


IPO Subscription Details

  • Open Date 20 Feb
  • Close Date 23 Feb
  • Lot Size 4000
  • IPO Size ₹ 18.22 Cr
  • IPO Price Range ₹ 27
  • Min Investment ₹ 108000

IPO Synopsis

Initial public offering of 67,48,000 equity shares of face value of Rs. 10 each (the equity shares) of the company for cash at a price of Rs. 27 per equity share (the offer price) aggregating up to Rs. 18.22 Crores through an offer for sale of (i) up to 55,50,000 equity shares aggregating to Rs. 14.99 by Ashok Dudhagara (the promoter); (ii) up to 11,98,000 equity shares aggregating to Rs. 3.23 Crores by Prafulaben Dudhagara (the promoter); (the offer for sale or the offer and such shareholders offering their respective equity shares in the offer for sale are collectively hereinafter referred to as the selling shareholders and individually as a selling shareholder). The offer includes a reservation of up to 3,40,000 equity shares aggregating up to Rs. 0.92 Crores, for subscription by market maker (market maker reservation portion). The offer less the market maker reservation portion i.e. Offer of upto 64,08,000 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 27 per equity share aggregating to Rs. 17.30 Crores is hereinafter referred to as the net offer. The offer and the net offer will constitute up to 26.99% and up to 25.63%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the offer price of Rs. 27 is 2.7 times of the face value.

How to apply for 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 Angel Fibers Ltd IPO

Contact Information


Shivalik-2 Shop No 6,
Nr Pushkardham Temple Univ.Rod,
Rajkot, Gujarat 360005

Angel Fibers Ltd IPO Lead Manager

Guiness Corporate Advisors Pvt Ltd