Akshar Spintex Rights Issue Details 2024
Last updated August 22, 2026
This IPO News reference page covers “Akshar Spintex Rights Issue Details 2024”. The page is organized around akshar spintex ltd rights issue details, akshar spintex ltd rights issue dates, akshar spintex ltd rights issue objective, akshar spintex ltd financial information (restated), about company. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Akshar Spintex Ltd Rights Issue Details
- Akshar Spintex Ltd Rights Issue Dates
- Akshar Spintex Ltd Rights Issue Objective
- Akshar Spintex Ltd Financial Information (Restated)
- About Company
- Company Address
- Akshar Spintex RI Registrar
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- The entire amount of the Issue Price of Re. 1 per Rights Equity Share shall be payable at the time of Application.
- To repay in full certain identified long-term unsecured loans obtained by the Company;
- Akshar Spintex Ltd's revenue increased by 29% and profit after tax (PAT) rose by 224.99% between the financial year ending with March 31, 2024 and March 31, 2023.
- Incorporated in 2013, Akshar Spintex operates in the textile sector. The company manufactures cotton yarn, including combed, semi-combed, and carded yarn.
- It has a manufacturing setup facility of 220,000 square feets in Kalavad, Jamnagar, Gujarat with capacity of 24,480 spindles with annual production of 7,500 MT.
Data Tables
| Issue Size (Shares) | 48.75 Cr Shares |
|---|---|
| Issue Size (Amount) | ₹48.75 Cr |
| Face Value | ₹1 Per Share |
| Issue Price | ₹1 per share |
| Record Date | 23rd Aug 2024 |
| Listing At | BSE, NSE |
| BSE Code | 541303 |
| NSE Code | AKSHAR |
| Letter of Offer | |
| Online Application (Registrar & Transfer Agent) | |
| Entitlement | 13 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date |
| Terms of payment | The entire amount of the Issue Price of Re. 1 per Rights Equity Share shall be payable at the time of Application. |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 73.86 | 76.44 | 92.88 |
| Revenue | 177.91 | 137.92 | 175.57 |
| Profit After Tax | 3.46 | -2.76 | 7.02 |
| Net Worth | 43.88 | 40.64 | 43.23 |
| Reserves and Surplus | 13.88 | 15.64 | 18.23 |
| Total Borrowing | 18.98 | 17.67 | 25.65 |
| Amount in ₹ Crore |
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