Shanti Spintex IPO: The initial public offering (IPO) of denim fabrics manufacturer Shanti Spintex Ltd opened for subscription today, December 19. Shanti Spintex IPO is an SME IPO and a book built issue that will close on December 21.

Shanti Spintex IPO allotment is expected to be finalized on December 22, 2023 and the shares will list on BSE SME with a tentative listing date fixed on December 27.

Also Read: India Shelter IPO allotment declared: Latest GMP, how to check status online. Share listing expected tomorrow

The company plans to raise 31.25 crore from the IPO which is a combination of fresh issue of 26.88 lakh equity shares aggregating to 18.82 crore and an offer for sale (OFS) of 17.76 lakh shares aggregating to 12.43 crore.

Shanti Spintex IPO price band is set at 66 to 70 per share. The lot size is 2000 shares and the minimum amount of investment required by retail investors is 140,000. 

The book running lead manager of the Shanti Spintex IPO is Hem Securities, while Kfin Technologies is the IPO registrar.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!)

Shanti Spintex IPO Subscription Status

Shanti Spintex IPO has been subscribed 52% so far on December 19, the first day of the bidding process. The public issue received bids for 15.54 lakh equity shares as against 29.68 lakh shares on the offer, as per data available till 1:00 pm.

The IPO received 92% subscription in the retail category, and 29% in the Non-Institutional Investors (NII) category so far.

Also Read: Motisons Jewellers IPO day 2 LIVE: Issue booked 30.74 times so far; check live subscription status, GMP, other details

Shanti Spintex IPO GMP Today

Shanti Spintex IPO GMP today, or grey market premium today, is 0, as per market observers. This indicates that the Shanti Spintex shares are not trading at any premium or discount in the grey market.

Read all IPO-related news here

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Published: 19 Dec 2023, 01:03 PM IST

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *