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Shanti Spintex Limited IPO

Shanti Spintex Limited IPO was engaged in the manufacturing and selling of denim fabrics. They make different kinds of denim fabrics like stretchy spandex denim, comfy knit denim, lightweight denim, sturdy rigid denim, bold over-dyed denim, and smooth flat finish 3/1 denim. Their factory can create uncolored fabrics in various styles, including twill weave, textured knit dobby weave, structured dobby weave, distinctive broken twill weave, and glossy satin weave. Their Competitive Strengths are the Capability to manufacture a diverse range of denim fabrics through an in-house weaving unit, the Stringent quality control mechanism ensuring standardized product quality, and the Synergy of a young and experienced management team.

Company Promoters:

·  Bharat Bhushan Omprakash Agarwal
·  Rikin Bharat Bhushan Agarwal

Objects of this Issue:

·  To meet Working Capital requirements
·   General Corporate Purpose

Financial Information of the Company:

Particular	Amount in Lakhs (Rs.)
	As on 31 March 2023	As on 30 March 2022	As on 31 Mar 2021
Total Assets	17588.33	13631.33	11926.82
Total Liabilities	5603.93	9,008.6	7,790.68
Net Profit	1,012.81	486.59	337.53

Shanti Spintex Limited IPO Schedule

1.     Bid or Offer Opens on: 19 December 2023
2.     Bid or Offer Closes on: 21 December 2023
3.     Finalization of BoA: 22 December 2023
4.     Initiation of Refunds: 26 December 2023
5.     Credit of shares to Demat account: 26 December 2023
6.     Listing Date: 27 December 2023

Shanti Spintex Limited IPO Lot Size

The market lot size of Shanti Spintex Limited IPO is 1600 shares. The minimum and maximum order quantity is as follows:

Company Contact Details:

Sub Plot 1, Unit 1, Survey No. 297, Dholi -

Integrated Spinning Park Limited, Dholi,

Dholka, Ahmedabad, Gujarat – 382 240,

India

Phone: +91-98258 01039   

Email: info@shantispintex.com  

Website: www.shantispintex.com

Shanti Spintex Limited IPO Registrar Details:

KFin Technologies Limited

Selenium Tower B, Plot No.31

32, Gachibowli, Financial District,

Nanakramguda, Serilingampally, Hyderabad 500032,

Telangana, India

Telephone: +91 40 6716 2222

Email: ssl.ipo@kfintech.com

Website: www.kfintech.com