Angel Fibers IPO - Price Band, Market Lot, Dates, Allotment & Subscription Details, GMP All You Need To Know

Our another IPO of February 2018 is Angel Fibers Ltd this company is incorporated in 2014 and doing business of cotton yarn. They are trader of cotton waste as well. They have facility of manufacturing, development of quality yarn products. They are doing business in India and export to overseas as well. Clients of the Angel Fibers Ltd includes from countries like South Koria
  1. Indonesia
  2. Hong Kong
  3. Israil
  4. Egypt
  5. Swaziland
  6. Bangladesh
  7. Thailand
Angel Fibers ipo is starting from 20 February and ends on 23 February. The price band is around Rs.27 with 4000 market lot. This is a small IPO and size is around 18.22 crore rupees.

Company Details 

Company Address:

Angel Fibers Ltd
Shop No.6 Shivalik-2, University Rd,
Near Pushkardham Temple,
Sadguru Nagar, Rajkot,
Phone: +91 94267 85557
Fax: +91 76220 22350

Company Promoters:

  • Mr Ashok Dudhagara
  • Miss Prafulaben Dudhagara

Angle Fibers IPO Details

IPO Review

The IPO will perform well for the listing and you can apply for Listing Gain.

General Details and Important Dates

Angel Fibers IPO details
Subscription Dates20 - 23 February 2018
IPO Price bandINR 27 per share
Fresh issueNil
Offer for sale6,748,000 shares (INR18.22 crore)
Total IPO size6,748,000 shares (INR18.22 crore)
IPO Lot Details
Minimum bid (lot size)4,000 shares
AmountINR 108,000
Face ValueINR10 per share
Retail Allocation50%
Listing OnBSE SME platform

Financial Results

Angel Fibers' financial performance (in INR lakh)
FY2015FY2016FY20179M FY2018
Total revenue0.05,101.88,873.74,607.9
Total expenses0.15,349.78,675.74,384.9
Profit after tax-0.4-565.1311.1259.0

Grey Market Premium:

The grey market is around Rs.10000 Subject to Sauda.

Angel Fibers IPO Subscription Status:

IPO Subscribed 0.56 times on day 2

Angel Fibers IPO Allotment Status:

Click Here

Red Herring Prospectus 

Draft Red Herring Prospectus

IPO Registrar:

Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207

IPO Lead Managers

  • Guiness Corporate Advisors Pvt Ltd


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