IPO Details
Angel Fibers Ltd.
Survey No.100 /1, Plot.1, Village: Haripar, Taluka Kalawad,Jamnagar Dist., Gujarat - 361112

Public Issue of 6748000 Equity Shares of Rs. 10.00 each for Cash at a Premium of Rs. 17.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
20/02/201823/02/201827.00 -
Lead Managers Registrar Listed at
Bigshare Services Pvt. Ltd.
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,, Makwana Road,
Mumbai, Maharashtra - 400059
Phone: 62638200 Fax: 62638299
Object of the issue

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchange and for the Offer for Sale. Further, the company expects that listing of the Equity Shares will enhance our visibility and brand image and provide liquidity to our Shareholders. The listing will also provide a public market for the Equity Shares in India. the company will not receive any proceeds from the Offer and all the proceeds will be received by the Selling Shareholders, in proportion to the Equity Shares offered by the respective Selling Shareholders as part of the Offer.

Promoted by

The Promoters of the company are Mr. Ashok M. Dudhagara and Mrs.Prafulaben A. Dudhagara.

1. Mr.Ashok M. Dudhagara: He is aged 43 years, is the Promoter, Chairman and Managing Director of the company. He has been Director of the company since incorporation and has been instrumental in formation of the company. He has been designated as Managing Director w.e.f December 28, 2017. He completed B.Sc. in chemistry and has experience of over 15 years in different spectrum of industries. He ventured his own cotton ginning and pressing unit namely Akshar Cotton Industries in Kalavad as a partner in the year 2011 before incorporating Angel Fiber Limited. He looks after purchase, sales, manufacture, finance and administrative unit of the Company.

Nationality: Indian

Passport No: K4230156

Driving License: GJ03/072960/05

Voters ID: JVT2042125


Address: A-88, Alap Avenue University Road, Rajkot 360005, Gujarat, India

Ventures promoted by him: Akshar Cotton Industries, ABC print House

2. Mrs.Prafulaben A. Dudhagara: She is aged 42 years, is the Promoter and Executive Director of the company. She completed master of Art from Saurashtra University specializing in Home Science. She looks after the HR department of the company.

Nationality: Indian

Passport No: N4391752

Driving License: GJ03/096465/08

Voters ID: JVT2036200


Address: A-88, Alap Avenue, University Road, Rajkot 360005, Gujarat, India