Angel Fibers IPO

Angel Fibers IPOBusiness description - Angel Fibers is primarily engaged in the business of spinning of cotton yarn. It also trades in cotton waste which is a by-product of manufactured product. The manufacturing facility of the company is situated at Kalavad in Jamanagar district of Gujarat state which is close to the cotton growing areas of Maharashtra and Saurashtra (region) of Gujarat. The company has established a capacity of the spindlage of total 19584 spindles having installed capacity of 4363MT per annum to manufacture cotton yarn viz.,30s Ne Combed and 40s Compact variety of the Ginning and Spinning unit used to make products like bed sheets, socks, knitted fabrics, etc. and 40s Ne Compact Combed yarn used to make Shirtings, Sheeting, Bottom Weights, etc.

The company aims to produce yarn of export quality and enter overseas markets. This year, it has started exporting its products to Bangladesh. To augment its international demand and preference, the company has recently procured fully automatic plant for spinning yarn with state of the art modern machines.

Promoters of Angel Fibers – Ashok Dudhagara and Prafulaben Dudhagara
Angel Fibers IPO details
Subscription Dates 20 - 23 February 2018
IPO Price band INR27 per share
Fresh issue Nil
Offer for sale 6,748,000 shares (INR18.22 crore)
Total IPO size 6,748,000 shares (INR18.22 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Angel Fibers' financial performance (in INR lakh)
FY2015 FY2016 FY2017 9M FY2018
Total revenue 0.0 5,101.8 8,873.7 4,607.9
Total expenses 0.1 5,349.7 8,675.7 4,384.9
Profit after tax -0.4 -565.1 311.1 259.0
Angel Fibers' Contact Details

Angel Fibers Limited
Shivalik-2, Shop No.6
Nr. Pushkardham Temple, University Road
Rajkot – 360005

Phone: +91 942678557

Angel Fibers IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.21
Day 2 0.56
Day 3 1.61
Day 4 3.66
Angel Fibers Valuation (Latest FY)

Earnings Per Share (EPS): INR1.24

Price/Earnings (P/E) ratio: 21.77

Return on Net Worth (RONW): 13.85%

Net Asset Value (NAV): INR8.98 per share

Registrar of Angel Fibers IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201

Angel Fibers IPO Allotment Status

Angel Fibers IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Angel Fibers

IPO Opening Date: 20 February 2018

IPO Closing Date: 23 February 2018

Listing Date: 6 March 2018

Listing Price on BSE SME: INR28.5 per share (up 5.56% from IPO price)

Closing Price on BSE SME: INR27.1 per share (up 0.37% from IPO price)

Angel Fibers IPO
Rate this post

7 thoughts on “Angel Fibers IPO

  • February 28, 2018 at 6:21 AM

    Contact me on 9530802307 WhatsApp for subject to sauda for angel fiber ipo

  • February 23, 2018 at 2:43 PM

    srry my no. is 9820089290…i had a typo in previous message

  • February 23, 2018 at 2:42 PM

    can u please give me the phone no of a person who buys me at 9820089209,someone in mumbai.

  • February 20, 2018 at 9:30 PM

    Sold 05 apps subject 2 @ 12000/-

  • February 20, 2018 at 4:08 PM

    Date is allotment and listing date is not given?

  • February 20, 2018 at 11:23 AM

    18000 per app????

  • February 18, 2018 at 11:43 AM

    Sold 5 apps@18k Subject to allotment.
    Is it worth.


Leave a Reply

Your email address will not be published. Required fields are marked *