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Jakharia Fabric IPO is a fixed price issue of Rs 19.66 crores.
Jakharia Fabric IPO bidding started from June 29, 2018 and ended on July 3, 2018. The allotment for Jakharia Fabric IPO was finalized on Friday, July 6, 2018. The shares got listed on NSE SME on July 11, 2018.
Jakharia Fabric IPO price is ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Aryaman Financial Services Limited is the book running lead manager of the Jakharia Fabric IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Jakharia Fabric IPO RHP for detailed information.
| IPO Date | June 29, 2018 to July 3, 2018 |
| Listing Date | July 11, 2018 |
| Face Value | ₹10 per share |
| Price | ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,092,000 shares (aggregating up to ₹19.66 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,971,830 |
| Share holding post issue | 4,063,830 |
| Market Maker portion | 60,000 shares |
Jakharia Fabric IPO offers 1,152,000 shares. 516,000 (44.79%) to NII, 516,000 (44.79%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 60,000 (5.21%) |
| Other Shares Offered | 516,000 (44.79%) |
| Retail Shares Offered | 516,000 (44.79%) | Other Shares Offered | 60,000 (5.21%) |
| Total Shares Offered | 1,152,000 (100%) |
Jakharia Fabric IPO opens on June 29, 2018, and closes on July 3, 2018.
| IPO Open Date | Friday, June 29, 2018 |
| IPO Close Date | Tuesday, July 3, 2018 |
| Basis of Allotment | Friday, July 6, 2018 |
| Initiation of Refunds | Monday, July 9, 2018 |
| Credit of Shares to Demat | Tuesday, July 10, 2018 |
| Listing Date | Wednesday, July 11, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 3, 2018 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| Lot Size Calculator | |||
Incorporated in 2007, Maharashtra based Jakharia Fabric Limited is a company engaged in the business of dyeing and processing of fabrics on job work basis for other textile
companies as well as for own manufacturing product lines. The Company procures Grey Fabric from the market and further dyes and finishes the same as per the client's requirements on the basis of the quality of the fabric, sizing requirements etc. It also outsources certain processes like the weaving of the fabric and printing as per the demand of the customers based on the quality required. The Company manufactures and processes the fabric especially suitable for Shirtings.
Jakharia Fabric is in process of setting up an additional processing facility at Plot No. J1/1, MIDC Tarapur Industrial Area, Boisar, Palghar - 401 506. This facility is being set up through M/s Jakharia Industries, which is a Partnership Firm, wherein the Company is a partner. The Partnership firm intends to carry on the business of preparing spinning doubling texturing weaving, winding, knitting, scouring, sizing, bleaching, coloring, dying, printing and finishing and processing working or manufacturing in any way whatsoever of cotton, linen, wool synthetics and various other textile products.
The Company has set-up two (2) processing units located at MIDC Area of Saravali, Bhiwandi in Maharashtra and MIDC Area of Tarapur, Bhiwandi in Maharashtra. The plant has the facilities for dyeing and processing wide range of fabrics.
As of March 31, 2018, the company has 319 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 5,843.80 | 5,954.17 | 5,044.23 | 4,468.05 | 3,884.99 | |
| Total Revenue | 7,702.84 | 7,723.49 | 8,917.25 | 7,582.72 | 4,787.43 | |
| Profit After Tax | 338.82 | 446.17 | 432.86 | 356.66 | 80.94 | |
The objectives of the Issue are:
1. Part finance the setting up of processing unit through M/s. Jakharia Industries at Tarapur, MIDC.
2. Funding Expenditure for General Corporate Purposes
[Dilip Davda]
A fully priced issue from a company having static top line with inconsistent bottom line. Merchant banker has poor track record. There is no harm in giving this issue a miss.
Read detail review...The Jakharia Fabric IPO is subscribed 1.21 times on July 3, 2018 5:00:00 PM. The public issue subscribed 0.60 times in the retail category, times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.82 |
| Retail | 0.60 |
| Others | 1.00 |
| Total | 1.21 |
| Listing Date | July 11, 2018 |
| BSE Script Code | |
| NSE Symbol | JAKHARIA |
| ISIN | INE00N401018 |
| Final Issue Price | ₹180 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹180.00 |
| ₹181.35 |
| ₹180.75 |
| ₹182.45 |
| ₹181.50 |
Jakharia Fabric Limited
Office No. 1224, Deoji Nagar
Narpoli Village, Bhiwandi,
Thane- 421 302
Phone: +91-25- 2227 8892
Email: info@jakhariafabric.com
Website: http://www.jakhariafabric.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Jakharia Fabric IPO is a SME IPO of 1,092,000 equity shares of the face value of ₹10 aggregating up to ₹19.66 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800 Shares.
The IPO opens on June 29, 2018, and closes on July 3, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Jakharia Fabric IPO opens on June 29, 2018 and closes on July 3, 2018.
Jakharia Fabric IPO lot size is 800 Shares, and the minimum amount required is ₹144,000.
You can apply in Jakharia Fabric IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jakharia Fabric IPO will be done on Friday, July 6, 2018, and the allotted shares will be credited to your demat account by Tuesday, July 10, 2018. Check the Jakharia Fabric IPO allotment status.
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