Advance Syntex Limited SME IPO – Snapshot, Details, Reviews

Advance Syntex Private limited is incorporated on September 21, 1990 . It is dealing in manufacturing of Metalized Films (MF), Lacquered (Coated) Metalized Polyester Films (LMPF), glitter powder (Zari Powder) and Metallic Yarn (Polyester Badla). This firm is offering modified resins too, which is used as raw material in manufacturing of LMPF. Along with this, it is also engaged in the sale of polyester films which is also known as BOPET films and Biaxially Oriented Polypropylene Films (also known as BOPP films) after carrying of slitting operations on them. It is servicing coating of Metalized Films on job work basis.  It’s offered products are used in textiles, flexible packaging, lamination, printing, decorations, advertising, paints, inks, craft glue, glass bangles, synthetic leather, floor tiles, walls, cosmetics (such as nail polish, eye-liner, hair gel, lipstick etc.) and various other products.  “MIDAS” is the brand name to sell its ready products, which is registered under the Trademarks Act, 1999.

Below are the offering products of the Company:-

  1. Metalized Films (MF)
  2. Slitted Films
  3. Epoxy Resins
  4. Lacquered (Coated) Metalized Polyester Film (LMPF)
  5. Glitter Powder (Zari Powder)
  6. Metallic Fibres
  7. Metallic Yarns (Polyester Badla)

Outlook of the Firm:-

  1. Facility for in-house production of raw materials required in manufacturing of Lacquered (Coated) Metalized      Polyester Film (LMPF)
  2. Quality Products
  3. Management Expertise
  4. Existing customer relationship
  5. Existing relationship with suppliers

 IPO details:-

The company has filed its draft prospectus to be listed on the BSE, SME platform with markets regulator Securities and Exchange Board of India (SEBI). The company has received an approval letter from BSE for using its name in this offer document for listing its shares on the SME Platform of BSE.

Objects Of The Issue:-

1) To meet Working Capital Requirement

  1. To Meet the Issue Expenses

Summary Of Issue:

Issue Open:- June 30, 2016-July 4,2016
Issue Type Fixed Price Issue IPO
Issue Size (Shares) 2,100,000 Equity Shares of Rs. 10 aggregating
Issue Size in (Value) Rs. 2.52 crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 12 Per Equity Share
Market lots 10000 Shares
 Minimum Order Quantity 10000 Shares
Listing At BSE, SME


The Public offer includes:-21,00,000 Equity Shares

 Promoters Of the Company:-

  1. Mr. Bhavan Dhirendra Vora:- He holds 23,34,600 Equity Shares.
  2. Promoter Group:-
  3. a) Natural Persons who are part of the Promoter Group
  4. b) Corporate Entities or Firms forming part of the Promoter Group



Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total  Liabilities 346,958,928 287,385,587 237,151,882 184,392,052 97,479,786
Total Assets 346,958,928 287,385,587 237,151,882 184,392,052 97,479,786
Total Revenue 475,372,446 362,220,756 297,680,023 231,625,883 166,095,127
Total Expenses 473,100,398 350,729,704 285,771,902 222,411,314 160,136,232
Profit After Tax (PAT) 6,120,793 8,309,621 8,423,763 1,774,865 4,690,036

Lead Manager Details:


14/15, Khatau Bldg, 1st Floor, 40, Bank Street,

Fort, Mumbai – 400001, Maharashtra, India

Tel. No.: +91- 022- 22671543

Fax No.: +91- 022- 2262 5991



Investor Grievance Email:

Contact Person : Mr. Anil Bhargava

SEBI Regn. No. INM000010981


Registrar To The Issue:-


Unit – 1, Luthra Industrial Premises, Safed Pool, Andheri Kurla Road, Andheri (East),

Mumbai – 400 072, Maharashtra, India.

Tel. No.: +91 – 22 – 2851 5606 / 44

Fax No.: +91 – 22 – 2851 2885



Investor Grievance Email:

Contact Person: Mr. K. C. Ajitkumar

SEBI Regn. No.: INR000002102


Registered Office Details:-

233/2 & 238/2 GIDC, POR Ramangamdi,


Gujarat, India.

Tel No: +91- 265- 2831850;

Fax No: +91-265-2831848;

 E-mail: ;


Contact Person: Ms. Lakshita Sabnani (Company Secretary & Compliance Officer)


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