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Akshar Spintex Limited IPO
BSE SMERs 1,20,000 / 3000 Shares
Akshar Spintex Limited IPO Details
The Akshar Spintex Limited IPO price band is set between Rs 40 Per Equity Share, with a face value of Rs 10 per share. The issue is managed by Bigshare Services Pvt. Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 27 Apr, 2018 and closes on 3 May, 2018. Investors can check the allotment status on 9 May, 2018, while the listing date is tentatively scheduled for 11 May, 2018.
The total issue size is 67,47,000 Equity Shares of Rs 10/- each at a price of 40/- per share aggregating to 26.99 Cr, aggregating up to . Stay tuned for the latest Akshar Spintex Limited IPO review and GMP updates.
Akshar Spintex Limited IPO Review, Rating & Analysis
Akshar Spintex Limited IPO Review
NO REVIEWAkshar Spintex Limited IPO Rating
Akshar Spintex Limited IPO Highlights
IPO Date
Apr 27, 2018 - May 3, 2018
Listing Date
11 May, 2018
Face Value
Rs 10 Per Equity Share
Price Band
Rs 40 Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Akshar Spintex Limited IPO Lot Size
The minimum market lot for Akshar Spintex Limited IPO is 3000 shares with an application amount of ₹1,20,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,20,000 |
| Retail (Max) | 1 | 3000 | ₹1,20,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,40,000 |
| S-HNI (Max) | 8 | 24000 | ₹9,60,000 |
| B-HNI (Min) | 9 | 27000 | ₹10,80,000 |
Akshar Spintex Limited IPO Timeline
Issue Price
Rs 40 Per Equity ShareFace Value
Rs 10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt. LtdLead Manager
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITEDIssue Size
67,47,000 Equity Shares of Rs 10/- each at a price of 40/- per share aggregating to 26.99 CrPromoters & Share Holding
Promoter(s) Name
- Mr. Ashok Bhalala
- Mr. Amit Gadhiya
- Mr. Harikrishna Chauhan
- Mrs. Rekhaben Chauhan
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
Akshar Spintex Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 32,01,000 | 32,01,000 | 64,02,000 |
Day 1 -27-04-18 | 11,67,000 0.36 x | 33,21,000 1.04 x | 44,88,000 0.70 x |
Day 2 -30-04-18 | 11,67,000 0.36 x | 37,38,000 1.17 x | 49,05,000 0.77 x |
Day 3 -02-05-18 | 14,61,000 0.46 x | 1,20,03,000 3.75 x | 1,34,64,000 2.10 x |
Day 3 -03-05-18 | 55,32,000 1.73 x | 2,96,04,000 9.25 x | 3,51,36,000 5.49 x |
Frequently Asked Questions about Akshar Spintex Limited IPO IPO
When will Akshar Spintex Limited IPO open for subscription?
The Akshar Spintex Limited IPO opens on 27 Apr, 2018 and closes on 3 May, 2018.
What is the investors portion for Akshar Spintex Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 3201000.
How to apply for Akshar Spintex Limited IPO?
You can apply for Akshar Spintex Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Akshar Spintex Limited IPO?
The issue size of Akshar Spintex Limited IPO is approx ₹67,47,000 Equity Shares of Rs 10/- each at a price of 40/- per share aggregating to 26.99 Cr crores.
What is the price band of Akshar Spintex Limited IPO?
The price band for Akshar Spintex Limited IPO is Rs 40 Per Equity Share to ₹undefined.
What is the lot size of Akshar Spintex Limited IPO?
The minimum bid (lot size) for Akshar Spintex Limited IPO is 3000 shares with an investment of approx Rs 1,20,000 .
What is the allotment date of Akshar Spintex Limited IPO?
The allotment date for Akshar Spintex Limited IPO is 9 May, 2018.
What is the listing date of Akshar Spintex Limited IPO?
The listing date for Akshar Spintex Limited IPO is expected to be 11 May, 2018.
What is the GMP of Akshar Spintex Limited IPO?
The latest Grey Market Premium (GMP) for Akshar Spintex Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.