Shanti Spintex Ltd Share Price

(544059)

Shanti Spintex Limited was originally incorporated as a Private Limited Company under the name of Shanti Spintex Private Limited on August 23 2010 with the Registrar of Companies Ahmedabad. Thereafter Company converted from Private Limited to Public Limited and the name of Company was changed from Shanti Spintex Private Limited to Shanti Spintex Limited vide fresh Certificate of Incorporation dated August 18 2023 issued by the Registrar of Companies Ahmedabad Gujarat.The Company 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 suchas twill weave knit dobby weave structure dobby weave broken twill weave and satin weave. It offer denim fabrics in diverse spectrum of shades such as indigo blue IBST sulphur black sulphur grey halogen blue and ecru colour which has weights ranging from 4.50 Oz/sq. yd to 14.50 Oz./sq. yd. and widths spanning from 62 157cm to 78 198 cm.The Company was initially founded by Amit Bindal Sanjay Bindal and Rajesh Bindal. In 2014 there existing Promoters Mr. Bharat Bhushan Agarwal and Mr. Rikin Agarwal took over the Company. The Company began there business as a fabrics trading concern in F.Y. 201415. In year 201617 the Company started production fabric weaving unit at Dholi Ahmedabad Gujarat. In 201718 it expanded the existing unit by installation of additional airjet looms. Later the Company in Nov 22 commissioned a Wind Farm Power Plant of combined capacity of 2 MW in Dist. Amreli Gujarat. It recently installed the 852 kw rooftop solar plant at Dholi unit in 2023.The Company is proposing an Initial Public Offer aggregating 4464000 Equity Shares comprising of a Fresh Issue of 2688000 Equity Shares and an Offer for Sale of 1776000 Equity Shares..