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Akshar Spintex IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 26.99 Cr. The company is based in Jamnagar and caters to Textiles sector. Pantomath Capital Advisors is the merchant banker of Akshar Spintex IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th March 2018.
Akshar Spintex IPO open date is 27th April 2018 and close date is 3rd May 2018. IPO Allotment Date is [●] and Listing date is 11th May 2018.
IPO
Size:
₹ 26.99 Cr.
Avg IPO Size (Sector Based)
: ₹
14.68 cr.
Sector: Textiles
SME
IPO so far:
88
Merchant Banker:
Pantomath Capital
SME
IPO by BRLM so far:
104
City:
Jamnagar
SME
IPO so far:
11
Revenue (annualised):
₹
93.29
cr. 
PE
Ratio:
20.00x
Average Sector PE Ratio: 19.25x
Akshar Spintex IPO size is ₹ 26.99 Cr. with IPO price of ₹ 40.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Pantomath Capital Advisors Private Limited is the book-running lead manager of the Akshar Spintex IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Pantomath Stock Brokers Private Limited for Akshar Spintex IPO.
Akshar Spintex IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Akshar Spintex IPO, based in Jamnagar, operates in the Textiles sector with a focus on manufacturing of cotton yarn. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Akshar Spintex IPO size is ₹ 26.99 Cr. with fresh issue size of ₹ 26.99 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Akshar Spintex IPO is expected to be [●], after the finalization of basis of allotment. Investors can check Akshar Spintex IPO allotment status on the registrars website, Bigshare Services Private Limited . Akshar Spintex IPO refund dates are [●].
Akshar Spintex IPO is expected to be listed on 11th May 2018.
The upper price band for the Akshar Spintex IPO is set at ₹ 40.00 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 Akshar Spintex 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 Akshar Spintex 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 3rd May 2018. After submission, funds are blocked until the basis of allotment of Akshar Spintex IPO is finalised.
The merchant banker for Akshar Spintex IPO is Pantomath Capital Advisors Private Limited . Pantomath Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Akshar Spintex IPO RHP for further details.
The registrar for Akshar Spintex IPO is Bigshare Services Private Limited . Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Akshar Spintex IPO through their official website or helpline.
Akshar Spintex IPO was subscribed 5.49 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 26.99 Cr.
Avg IPO Size (Sector Based)
:
₹ 14.68 Cr.
Sector: Textiles
SME
IPO so far:
88
Merchant Banker:
Pantomath Capital
SME
IPO by BRLM so far:
104
City:
Jamnagar
SME
IPO so far:
11
Revenue (annualised):
₹ 93.29 cr.
PE
Ratio:
20.00x
Average Sector PE Ratio: 19.25x
Akshar Spintex IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Akshar Spintex Financial Review Page
Merchant Banker(s) of Akshar Spintex IPO: Pantomath Capital Advisors Private Limited
Akshar Spintex IPO subscription was 5.49 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.
Akshar Spintex IPO listed at a listing price of 38.00 against the offer price of 40.00.
The current market price of Akshar Spintex is 0.55.
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