Issue Price
₹40
Per Share
GMP
NIL
Grey Market
Est. Listing
₹40
Expected Price
Min. Application
₹240,000
2 lots × 3000 shares
Incorporated in 2013, Gujarat based Akshar Spintex Limited is a company engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn.The manufacturing facility of the Company is situated in the vicinity of the rich cotton growing areas of Gujarat. The company has installed capacity of total 24,480 spindles.The company has 216 employees on its payroll.
Akshar Spintex Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 345,000 | — | ₹1.38 Cr | — |
| TOTAL | 6,747,000 | 100.00% | ₹26.99 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹120,000 |
| Retail (Max) | 13 | 39,000 | ₹1,560,000 |
| sNII (Min) | 14 | 42,000 | ₹1,680,000 |
| bNII (Min) | 68 | 204,000 | ₹8,160,000 |
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 9038.94 | 5984.38 | 1561.73 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 538.61 | 266.94 | 51.25 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 8218.88 | 7487.82 | 7029.73 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |