Akshar Spintex Ltd - Prospectus Synopsis

Akshar Spintex Ltd RHP

Registered Office : Revenue Survey No. 102/2 Paiki , Plot No 2 Ranuja Road Kalavad , Jamnagar - 361013 , Gujarat , India.

Phone : 91-9825213622  Fax :

Email : admin@aksharspintex.in    Website : www.aksharspintex.in

Initial public offer of 67,47,000 equity shares of face value of 10/- each (Equity Shares) of Akshar Spintex Limited (Company or Issuer) for cash at a price of Rs. 40 per equity share (including a share premium of Rs. 30 per equity share) aggregating to Rs. 26.99 crores (Offer) comprising a fresh issue of 9,99,000 equity shares aggregating to Rs. 4 crores by the company (Fresh Issue) and an offer for sale of 57,48,000 equity shares by selling shareholders (Offer for Sale) aggregating to Rs. 22.99 Crores and together with the fresh issue (The Offer). of which 3,45,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 40 per equity share, aggregating Rs. 1.38 crores will be reserved for subscriptions by the market maker to the offer (The Market Maker Reservation Portion). The offer less market maker reservation portion i.e. Net offer of 64,02,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 40 per equity share, aggregating Rs. 25.61 crores is hereinafter refered to as the Net Offer. The offer and the net offer will constitute 26.99% and 25.61% respectively of the fully diluted post offer paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the offer price of Rs. 40 is 4 times of the face value of the equity share.

Issue Money Payable On
Opens On Closes On Application Allotment
27-Apr-2018 03-May-2018 Rs 40 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
  Rs Cr Lead Managers to the Issue
Project Cost 26.99 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 26.99  
Post Issue Equity Share Capital 25  
Issue Price Rs. 40  
Funding the working capital requirements of the company
Promoted By Listing At Registrar to the Issue
Amit Gadhiya
Ashok Bhalala
Harikrishna Chauhan
BSE - SME Bigshare Services Pvt Ltd

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