Shanti Spintex Ltd. has announced public offering of 4464000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 60.00 per share. The gross proceeds of the issue are expected to be Rs 3,124.80 lakhs.

The company's initial public offer (IPO) will open on 19 December 2023 and is expected to close on 21 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 66.00-70.00 per share.

The IPO includes a fresh Issue of 4464000 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Shanti Spintex Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & KFin Technologies Ltd. is the registrar, to the issue.