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 Dates20 - 23 February 2018
IPO Price bandINR27 per share
Fresh issue Nil
Offer for sale 6,748,000 shares (INR18.22 crore)
Total IPO size6,748,000 shares (INR18.22 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
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
Angel Fibers' Contact Details

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

Phone: +91 942678557
Email: [email protected]

Angel Fibers IPO Subscription Details
DaySubscription (no. of times)
Day 10.21
Day 20.56
Day 31.61
Day 43.66
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
 [email protected]

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)

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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????


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