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Jash Engineering Limited IPO (Jash Engineering IPO) Detail

September 28, 2017 - October 3, 2017

Jash Engineering IPO is a book built issue of Rs 48.01 crores.

Jash Engineering IPO bidding started from September 28, 2017 and ended on October 3, 2017. The shares got listed on NSE SME on October 11, 2017.

Jash Engineering IPO price band is set at ₹115 to ₹120 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹144,000.

Systematix Corporate Services Limited is the book running lead manager of the Jash Engineering IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Jash Engineering IPO RHP for detailed information.

Jash Engineering IPO Details

IPO Date September 28, 2017 to October 3, 2017
Listing Date October 11, 2017
Face Value ₹10 per share
Price Band ₹115 to ₹120 per share
Lot Size 1200 Shares
Total Issue Size4,000,800 shares
(aggregating up to ₹48.01 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue9,575,400
Share holding post issue11,836,598

Jash Engineering IPO Lot Size

Investors can bid for a minimum of 1200 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 1200 ₹144,000
Retail (Max) 1 1200 ₹144,000
Lot Size Calculator

About Jash Engineering Limited

Jash Engineering Ltd is Gwalior, MP based company is engaged in manufacturing of wide range of products used in water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, water transmission lines, power, steel, cement, paper & pulp, petrochemicals, chemical, fertilizers and other process plants.

Company design, develop and market products like water control gates, flap valves, knife gates valves, energy dissipating valves, water hammer control valves, fine and coarse screens, screening conveying equipment, screening washing and compaction equipment, industrial valves for bulk solids handling, hydro power screw generator, screw pump and process equipment like detritors, clarifiers, clariflocculators, thickeners, decanters aerators, trickling filters, dissolved air flotation (DAF) units, rotary drum slackers, rake classifiers, pressure sand filters, etc. for water, water waste and effluent treatment plants.

Jash Engineering Design, Casting, Fabrication, and Assembly & Test all products it manufacture. Company caters to the domestic as well as international markets. Jash Engineering has 500 employees.

Objects of the Issue (Jash Engineering IPO Objectives)

The object of the issue are:

1. To meet working capital requirement of the Company which include Expansion of Manufacturing facilities at Unit III and set up a new manufacturing plant in SEZ Pithampur;
2. Fund required for exit of Pragati Fund India Limited including OFS and Pre IPO placement;
3. To meet the Offer Expenses.

Jash Engineering IPO Review (Apply)

[Dilip Davda]  Investment for long term may be considered. The asking price is at a P/E of around 14. Jash Engineering IPO appears to have been fully priced. Read detail review...


Jash Engineering IPO Subscription Status (Bidding Detail)

The Jash Engineering IPO is subscribed times on September 29, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Jash Engineering IPO Prospectus

Jash Engineering IPO Rating

70
4.1
Rating:Rated 4.1 stars
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Jash Engineering IPO Listing Details

Listing Date October 11, 2017
BSE Script Code
NSE Symbol JASH
ISIN INE039O01011
Final Issue Price ₹120 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹120.00
₹144.00
₹143.80
₹144.00
₹144.00

Check IPO Performance…

Jash Engineering Limited Contact Details

Jash Engineering Limited
31, Sector-C, Sanwer Road
Industrial Area,
Indore 452015
Phone: +91-731-6732700
Email: info@jashindia.com
Website: http://www.jashindia.com

Jash Engineering IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: jash.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Jash Engineering IPO - Buy or Not

Jash Engineering IPO Recommendation Summary

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Members 0 0 0

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Jash Engineering IPO FAQs

Jash Engineering IPO is a SME IPO of 4,000,800 equity shares of the face value of ₹10 aggregating up to ₹48.01 Crores. The issue is priced at ₹115 to ₹120 per share. The minimum order quantity is 1200 Shares.

The IPO opens on September 28, 2017, and closes on October 3, 2017.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Jash Engineering IPO opens on September 28, 2017 and closes on October 3, 2017.

Jash Engineering IPO lot size is 1200 Shares, and the minimum amount required is ₹144,000.

You can apply in Jash Engineering 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 Jash Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jash Engineering IPO allotment status.

The Jash Engineering IPO listing date is on October 11, 2017.
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Jash Engineering IPO Message Board

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81 Comments

36. Ficpl |   Link |  Bookmark |October 12, 2017 11:33:46 AM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Sold my one lot @ 160 today.

Good profit before Diwali.

Happy Diwali in advance.
35. AKMP |   Link |  Bookmark |October 11, 2017 7:49:51 PM
Sundaram MF purchased 108000 shares at 144 today
Hold this gem
35.5. nitindeals |   Link |  Bookmark |October 11, 2017 9:34:02 PM
wow learning so much in last few days , thank you
35.6. nitindeals |   Link |  Bookmark |October 11, 2017 9:34:05 PM
wow learning so much in last few days , thank you
34. HARI IPO |   Link |  Bookmark |October 11, 2017 10:52:44 AM
Respected FICPL, Hardik Shah Jain, I am also interested to apply in JASH only one application latter seeing high price I applied in Reliable data services seeing subscription not fundamental I am also interested in CMM Infra as both Jash and CMM Infra have good fundamental and good allotment chances. What has happened forget that. Please advise in case of D.P.Abhushan sme closing today as its fundamental are also good. Please comment
34.1. Ficpl |   Link |  Bookmark |October 11, 2017 12:15:18 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
You can apply for D P abhusan for the listing gain only.

Minimum 1 UC and Max 2 UC can be possible.

After second UC it can move further but If I get allottment than I will exit at second UC.
33. STOCKT |   Link |  Bookmark |October 11, 2017 11:26:06 AM
SYSTEMATIX CAME WITH BOTH GOOD ISSUE
CMM INFRAPROJECTS LISTING TOMORROW MAY ALSO HIT MULTIPLE UPPER CIRCUIT
32. Ficpl |   Link |  Bookmark |October 11, 2017 10:24:46 AM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Wait for second day UC.

Don''t sell. DSP black rock . Sundaram mutual fund are now investor in this company.
31. AGARWAL RAJESH |   Link |  Bookmark |October 11, 2017 10:18:27 AM
1st day UC done.
30. AKMP |   Link |  Bookmark |October 11, 2017 7:53:13 AM
It is hidden gem. Don''t sell in hurry. Lot of venture capital funds have been allotted shares.( Look at Share holding pattern given with listing circular)
Target 200+ in 1 year
30.2. AKMP |   Link |  Bookmark |October 11, 2017 8:16:13 AM
https://www.nseindia.com/emerge/circulars.htm
30.3. nitindeals |   Link |  Bookmark |October 11, 2017 9:09:25 AM
Thank you for prompt response.
29. Dubai ipo |   Link |  Bookmark |October 10, 2017 8:56:21 PM
listing price 140...
29.1. Subh Mani |   Link |  Bookmark |October 10, 2017 11:09:43 PM
144.. 20% upper Circuit
28. HARDIK SHAH JAIN |   Link |  Bookmark |October 10, 2017 8:05:21 PM
Listing is tomorrow. Those who alloted dont sell lot before it make 150. One UC for sure.. will see at 150-160 at the end of week.. can also see 200 level before 2018.
27. Pratik Bhatt |   Link |  Bookmark |October 10, 2017 7:09:34 PM
Excellent fundamental
Look at RKEC like this ome will also have 2-3 UC dont sell a single share before 200

Long term target 300 in 1 year time
Huge subscription from HNI and qib
Retailers were less aware so alottees be happy and enjoy the ride from tomorrow

PS 1/2 ALLOTED
26. Subh Mani |   Link |  Bookmark |October 10, 2017 6:55:50 PM
Good company.. will open with 20,% upper Circuit... 2nd Upper Circuit also will be there.. fair value 180
25. KnowledgeSeeker |   Link |  Bookmark |October 9, 2017 11:37:15 PM
I got one lot and want to trasfer my shs from icici dmat to another where i can trade it from. However the alloted shares are yet to be credited. Does anyone has any idea as to when the credit can happen to dmat?
24. CHOCKALINGAM |   Link |  Bookmark |October 9, 2017 9:38:55 PM
JASH ENGG. Allotment out. Got 2/3
23. Pratik Bhatt |   Link |  Bookmark |October 7, 2017 6:08:20 PM
When is the listing?
23.1. AGARWAL RAJESH |   Link |  Bookmark |October 8, 2017 8:49:33 PM
Listing on 11th
22. nitindeals |   Link |  Bookmark |October 8, 2017 3:05:33 PM
Thanks Rajesh . Banks and insurance companies are already defined in the 1 (b) as below :

1      Qualified Institutional Buyers(QIBs)      
1(a)      Foreign Institutional Investors(FIIs)      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      
1(c)      Mutual funds      
1(d)      Others
22.1. AGARWAL RAJESH |   Link |  Bookmark |October 8, 2017 4:19:16 PM
You are right.

May be below could help ( from the website of ministry of corporate affairs)

QIBs are those institutional investors who are perceived to possess expertise and the financial strength to evaluate and invest in the capital markets. A QIB is defined by SEBI as:


(i) a mutual fund, venture capital fund, Alternative Investment Fund and foreign venture capital investor registered with SEBI;

(ii) a foreign institutional investor and sub-account (other than a sub-account which is a foreign corporate or foreign individual), registered with SEBI;

(iii) a public financial institution as defined in section 4A of the Companies Act, 1956;

(iv) a scheduled commercial bank;

(v) a multilateral and bilateral development financial institution;

(vi) a state industrial development corporation;

(vii) an insurance company registered with the Insurance Regulatory and Development Authority;

(viii)a provident fund with minimum corpus of twenty five crore rupees;

(ix) a pension fund with minimum corpus of twenty five crore rupees;

(x) National Investment Fund set up by resolution no. F. No. 2/3/2005-DDII dated November 23, 2005 of the Government of India published in the Gazette of India; (xi) insurance funds set up and managed by army, navy or air force of the Union of India;

(xii) insurance funds set up and managed by the Department of Posts, India;

These entities are not required to be registered with SEBI as QIBs. Any entities falling under the categories specified above are considered as QIBs for the purpose of participating in primary issuance process.
22.2. nitindeals |   Link |  Bookmark |October 8, 2017 4:27:37 PM
Wow, I think that covers every aspect , big thanks ! Wanted to be sure as lots of hard earned money is riding on :)
21. nitindeals |   Link |  Bookmark |October 8, 2017 2:35:59 PM
Could anyone please guide what is "Others" in QIB ? I tried looking into NSE site but couldn''t get the answer.
21.1. AGARWAL RAJESH |   Link |  Bookmark |October 8, 2017 2:53:53 PM
I think others category in QIB could be Banks and NBFCs (investment and insurance companies).
20. lakshya agg |   Link |  Bookmark |October 8, 2017 2:24:52 PM
0/2 :(
19. HARDIK SHAH JAIN |   Link |  Bookmark |October 8, 2017 10:55:20 AM
I applied 4. Alloted 4. Little bit surprised & worried. As per bid 2 times subscription in retail category. But might be some have bid on lower band. So they have alloted those who have bid on the cutoff price.. overall very well managed compnay. Almost oligopoly market sharing.. very niche segment.. Experience management.. ebidta & net margin mainatained very well... export figures seems to be great.. overall deserve at least one uc on listing day. Long term target 180-200. ( 3-4 months) Short term target 150-160. ( 10 days.)
18. NEMI CHAND AJMERA |   Link |  Bookmark |October 7, 2017 11:28:55 PM
I got nothing 0/4
18.1. Ficpl |   Link |  Bookmark |October 7, 2017 11:32:46 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
R U sure ?

I think you have done it in HNI right ?
17. GreeDisGood |   Link |  Bookmark |October 7, 2017 7:23:22 PM
0/1 :(