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Advance Syntex IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 2.52 Cr. The company is based in Vadodara and caters to Textiles sector. Hem Securities is the merchant banker of Advance Syntex IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th March 2016.
Advance Syntex IPO open date is 30th June 2016 and close date is 4th July 2016. IPO Allotment Date is 30th November -0001 and Listing date is 12th July 2016.
IPO
Size:
₹ 2.52 Cr.
Avg IPO Size (Sector Based)
: ₹
15.87 cr.
Sector: Textiles
SME
IPO so far:
91
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
132
City:
Vadodara
SME
IPO so far:
25
Revenue (annualised):
₹
45.63
cr. 
PE
Ratio:
7.00x
Average Sector PE Ratio: 19.27x
Advance Syntex IPO size is ₹ 2.52 Cr. with IPO price of ₹ 12.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Advance Syntex IPO. Universal Capital Securities Private Limited (Prev known as Mondkar Computers Private Limited) is the Registrar and Market Maker is Hem securities Limited for Advance Syntex IPO.
Advance Syntex IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Advance Syntex IPO, based in Vadodara, operates in the Textiles sector with a focus on manufacturing polyster and yarn. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Advance Syntex IPO size is ₹ 2.52 Cr. with fresh issue size of ₹ 3 and Offer for sale being ₹ Nil
The IPO allotment date for Advance Syntex IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Advance Syntex IPO allotment status on the registrars website, Universal Capital Securities Private Limited (Prev known as Mondkar Computers Private Limited) . Advance Syntex IPO refund dates are 30th November -0001.
Advance Syntex IPO is expected to be listed on 12th July 2016.
The upper price band for the Advance Syntex IPO is set at ₹ 12.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Advance Syntex IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Advance Syntex IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 4th July 2016. After submission, funds are blocked until the basis of allotment of Advance Syntex IPO is finalised.
The merchant banker for Advance Syntex IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Advance Syntex IPO RHP for further details.
The registrar for Advance Syntex IPO is Universal Capital Securities Private Limited (Prev known as Mondkar Computers Private Limited) . Investors can go to Universal Capital Securities Private Limited (Prev known as Mondkar Computers Private Limited) registrar website for IPO allotment status, refund processing, and other queries related to Advance Syntex IPO through their official website or helpline.
Advance Syntex IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 2.52 Cr.
Avg IPO Size (Sector Based)
:
₹ 15.87 Cr.
Sector: Textiles
SME
IPO so far:
91
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
132
City:
Vadodara
SME
IPO so far:
25
Revenue (annualised):
₹ 48.45 cr.
PE
Ratio:
7.00x
Average Sector PE Ratio: 19.27x
Advance Syntex IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Advance Syntex Financial Review Page
Merchant Banker(s) of Advance Syntex IPO: Hem Securities Limited
Advance Syntex IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Advance Syntex IPO listed at a listing price of 12.91 against the offer price of 12.00.
The current market price of Advance Syntex is 5.45.
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