Akshar Spintex Limited IPO

Akshar Spintex Limited

Issue Open

Apr 27, 2018

Price Band

₹ 40

Issue Size

₹ 26.99 Cr

Credit of Shares to Demat

-

Issue Close

May 03, 2018

Bid Lot

3000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

3000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

May 11, 2018

Refunds

-

About the company:

Akshar Spintex Limited is a gujarat based company engaged in manufacturing of cotton yarn. The company has 24480 spindles in operations to meet the demand. Currently company employs 210+ employees.

Date of incorporation : The company was incorporated in 2013 in Gujarat

Promoters of Akshar Spintex Limited: Ashok Bhalala, Amit Gadhiya, Harikrishna Chauhan and Rekhaben Chauhan are the promoters of the company

Products and services Offered: The Akshar Spintex Limited manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn.

Customer Segment: The company mainly fulfills the requirement of retail customers through its channels

Object of the Issue: The Objects Of The Issue are:

  1. Funding the working capital requirements of the Company

  2. General corporate purposes.

Company Financials:

 

Particulars

For the year/period ended (in Rs. Lacs)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

   

Total Assets

8218.88

7487.82

7029.73

2479.56

   

Total Revenue

9038.94

5984.38

1561.73

0

   

Profit After Tax

538.61

266.94

(51.25)

0

   

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