Shanti Spintex Limited
listed
₹1.32LMin. investment
Shanti Spintex Limited IPO Details
Issue size
₹31.25Cr
IPO type
SME
Price range
₹66.00 – ₹70.00
Listing date
27 Dec 2023
Lot size
2000 shares
RHP/DRHP
Read
Price range₹66.00 – ₹70.00
IPO type
SME
Lot size2000 shares
Issue size₹31.25Cr
RHP/DRHP
Read
Shanti Spintex Limited Timeline
- Bid start19 Dec 2023
- Bid end21 Dec 2023
- Allotment21 Dec 2023
- Release of funds26 Dec 2023
- Demat transfer22 Dec 2023
- Listing27 Dec 2023
About Shanti Spintex Limited
Incorporated in 2010, Shanti Spintex Limited is primarily engaged in manufacturing and selling of denim fabrics. Company established its fabric weaving unit at Dholi - Integrated Spinning Park, Dholka, Ahmedabad on plot area measuring to 8660 sq. mtrs. Company has 96 airjet looms installed at Dholi unit which has an annual installed capacity of weaving 1,92,72,000 mtrs. of denim fabrics. Weaving is the process of converting yarn into fabrics wherein two distinct sets of yarns or threads are interlaced at right angles to form a fabric.
The airjet looms installed by us utilize a technique where a jet of compressed air is used to insert the weft (crosswise) yarn into the warp (lengthwise) yarn to create the raw fabrics also known grey fabrics. They manufacture various type of denim fabrics such as power stretch spandex denim, knit denim, light weight denim, rigid denim, over dyed denim and flat finish 3/1 denim. Their production facility has capability to produce grey fabrics in various designs such as twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave.They offer denim fabrics in diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, halogen blue and ecru colour.
Their operations encompass utilization of diverse type of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell etc. which are procured by them from domestic market. In addition to yarn, they also directly procure grey fabrics from the market, which are subsequently sent for finishing, and is then sold to customers. They outsource the yarn dyeing and grey fabrics finishing process to third parties.
Shanti Spintex Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives.
- To meet Working capital requirements;
- General Corporate Purposes
Here are key details about the Shanti Spintex Limited IPO:
| Company Name | Shanti Spintex Limited | Shanti Spintex Limited IPO Opening Date | December 19, 2023 | |
|---|---|---|---|---|
| Company Incorporated On | 2010Shanti Spintex Limited IPO Price band | ₹66 to ₹70 per share |
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Shanti Spintex Limited Contact Details
Company NameShanti Spintex Limited
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- Step 2
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- Step 3
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- Step 4
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- Step 5
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