Shanti Spintex Limited

About the company

## **About  Shanti Spintex Limited** Incorporated in 2010, Shanti Spintex Limited is primarily engaged in manufacturing and selling of denim fabrics. Company established its fabric weaving unit at Dholi - Integrated Spinning Park, Dholka, Ahmedabad on plot area measuring to 8660 sq. mtrs. Company has 96 airjet looms installed at Dholi unit which has an annual installed capacity of weaving 1,92,72,000 mtrs. of denim fabrics. Weaving is the process of converting yarn into fabrics wherein two distinct sets of yarns or threads are interlaced at right angles to form a fabric. The airjet looms installed by us utilize a technique where a jet of compressed air is used to insert the weft (crosswise) yarn into the warp (lengthwise) yarn to create the raw fabrics also known grey fabrics. They manufacture various type of denim fabrics such as power stretch spandex denim, knit denim, light weight denim, rigid denim, over dyed denim and flat finish 3/1 denim. Their production facility has capability to produce grey fabrics in various designs such as twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave.They  offer denim fabrics in diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, halogen blue and ecru colour. Their operations encompass utilization of diverse type of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell etc. which are procured by them  from domestic market. In addition to yarn, they also directly procure grey fabrics from the market, which are subsequently sent for finishing, and is then sold to customers. They outsource the yarn dyeing and grey fabrics finishing process to third parties. Shanti Spintex Limited  is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives. 1. To meet Working capital requirements; 1. General Corporate Purposes Here are key details about the Shanti Spintex Limited IPO: Company Name| **Shanti Spintex Limited**|  | Shanti Spintex Limited IPO Opening Date| **December 19, 2023** ---|---|---|---|--- Company Incorporated On|**2010**Shanti Spintex Limited IPO Price band|**₹66 to ₹70 per share** ###  

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   19 Dec 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   21 Dec 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   21 Dec 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   26 Dec 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   22 Dec 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   27 Dec 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.