Shanti Spintex IPO Date, Price, GMP, Review and Best 3 IPOs to Invest

Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Shanti Spintex IPO is going to open soon. So I will give you complete information about [Company Name] IPO here on IPO India.

On this article I will inform you about Shanti Spintex IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.

About Shanti Spintex Limited

Starting its commercial manufacturing journey in 2016, Shanti Spintex Limited has emerged as a formidable force in the denim manufacturing industry. With a heritage rich in skill and an unwavering dedication to catering to the fashion-conscious industry, our legacy spans over a decade since its inception in 2010. Shanti Spintex Limited stands as a trailblazer, constantly pushing the boundaries of excellence in crafting.

Shanti Spintex Limited embodies the paradigm of scientific and environmental stewardship in the textile industry. Our approach integrates the latest scientific trends with a strong dedication to environmental preservation. Using innovative processes and state-of-the-art technology, we create sustainable textiles that exceed industry standards, while minimizing our ecological impact.

With a relentless focus on research and development, we are constantly striving to push the boundaries of sustainability. Our overarching objective is to ensure that our customers not only receive fabrics of exceptional quality but also witness our strict adherence to ethical and environmentally responsible practices.

Shanti Spintex IPO GMP

About Shanti Spintex IPO

Here is some information about Shanti Spintex IPO which will help you in making a decision to invest in Shanti Spintex IPO. It appears to be a book-built offer with a total value of Rs – crore, including 4,464,000 share offer for sale in full. The issue is a combination of fresh issue of 26.88 lakh shares and offer for sale of 17.76 lakh shares.

Summary of the key details

• Issue Size: Rs 31.25 crores
• Offer for Sale: 4,464,000 shares
• Subscription Period: 19 December, 2023 – 21 December 2023
• Allotment Date: 22 December, 2023
• Listing Date: 27 December, 2023

Price Range of Shanti Spintex IPO

• ₹66 to ₹70 per share

Lot Size of Shanti Spintex IPO

• Minimum Lot: 2000 Shares.
• Minimum Investment for Retail Investors: ₹140,000

Minimum Lot Size Investments for Shanti Spintex IPO

• HNI: 2 lots (4000 shares), amounting to ₹280,000.

This information provides potential investors with the details they need to participate in the Shanti Spintex IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.

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Shanti Spintex IPO

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Valuations of Shanti Spintex IPO

Company Financials (in Crs)

Promoter(s)

Company Promotor(s):-

1. Bharat Bhushan Omprakash Agarwal
2. Rikin Bharatbhushan Agarwal

If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.

Key Performance Indicator

Issue Objective(s)

• To meet Working Capital requirements
• General Corporate Purpose

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Shanti Spintex IPO Review

The upcoming IPO of Shanti Spintex Ltd represents a significant opportunity in the denim manufacturing sector. With a business journey that began in 2016, the company emphasizes both skill and dedication to meet the demands of the fashion industry. Shanti Spintex is recognized for its sustainability, integrating innovative processes and cutting-edge technology to create environmentally responsible fabrics. IPO, Rs. 31.25 cr. With an issue size of crore and a price range of ₹66 to ₹70 per share, it gives investors the opportunity to be part of a company that pushes the boundaries of excellence in crafting while maintaining a strong focus on ethics and ecology.

The financial snapshot shows a strong performance, with total assets of ₹17,588.33 Cr and a profit after tax of ₹1,012.81 Cr as of March 2023. Key performance indicators, including return on equity (ROE) of 19.81% and earnings per share. (EPS) of ₹7.13, indicates a financially sound company. However, as with any investment, potential risks should be carefully considered, and investors are advised to stay updated on IPO developments, as specific dates and details are yet to be announced.

Conclusion

The Shanti Spintex IPO presents an opportunity to invest in a company at the forefront of sustainable textile manufacturing. With strong financial performance and a commitment to ethical practices, an IPO can garner significant interest. However, potential investors should carefully assess market conditions and conduct thorough research before participating.

As with any investment decision, thorough research and consideration of one’s risk tolerance are imperative. Investors should carefully assess their financial goals and consult with financial professionals before participating in the Shanti Spintex IPO or any other investment opportunity.

We hope this detailed overview has provided valuable insights to assist you in making an informed decision. Remember to stay updated with the latest information from reliable sources and, most importantly, invest wisely. Best of luck on your investment journey!

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