Shanti Spintex Limited, established in 2010 and transformed to a public limited company in 2023, is a textile manufacturer specializing in a diverse array of denim fabrics. The company produces power stretch spandex, knit, lightweight, rigid, over-dyed, and flat finish denim, with a production facility capable of intricate fabric designs and diverse shades, offering weights from 4.50 to 14.50 Oz/sq. yd and widths from 62 to 78 inches. Originally started as a fabric trading business, Shanti Spintex launched its fabric weaving operations in 2016 and expanded with additional airjet looms in 2017. The company has also invested in renewable energy, commissioning a 2 MW wind farm and an 852 kW rooftop solar plant.
Shanti Spintex is preparing for an Initial Public Offering (IPO) of 44,64,000 equity shares, including a fresh issue of 26,88,000 shares and an offer for sale of 17,76,000 shares, signaling growth and expansion potential in its operations.
