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Sahaj Fashions IPO is a fixed price issue of Rs 13.96 crores. The issue is a combination of fresh issue of 44.76 lakh shares aggregating to Rs 13.43 crores and offer for sale of 1.76 lakh shares aggregating to Rs 0.53 crores.
Sahaj Fashions IPO bidding started from August 25, 2023 and ended on August 29, 2023. The allotment for Sahaj Fashions IPO was finalized on Friday, September 1, 2023. The shares got listed on NSE SME on September 6, 2023.
Sahaj Fashions IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹240,000.
Khambatta Securities Limited is the book running lead manager of the Sahaj Fashions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sahaj Fashions IPO is Nnm Securities.
Refer to Sahaj Fashions IPO RHP for detailed information.
| IPO Date | August 25, 2023 to August 29, 2023 |
| Listing Date | September 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,652,000 shares (aggregating up to ₹13.96 Cr) |
| Fresh Issue | 4,476,000 shares (aggregating up to ₹13.43 Cr) |
| Offer for Sale | 176,000 shares of ₹10 (aggregating up to ₹0.53 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,692,160 |
| Share holding post issue | 13,168,160 |
| Market Maker portion | 236,000 shares Nnm Securities |
Sahaj Fashions IPO offers 4,652,000 shares. 2,208,000 (47.46%) to NII, 2,208,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 236,000 (5.07%) |
| Other Shares Offered | 2,208,000 (47.46%) |
| Retail Shares Offered | 2,208,000 (47.46%) |
| Total Shares Offered | 4,652,000 (100%) |
Sahaj Fashions IPO opens on August 25, 2023, and closes on August 29, 2023.
| IPO Open Date | Friday, August 25, 2023 |
| IPO Close Date | Tuesday, August 29, 2023 |
| Basis of Allotment | Friday, September 1, 2023 |
| Initiation of Refunds | Monday, September 4, 2023 |
| Credit of Shares to Demat | Tuesday, September 5, 2023 |
| Listing Date | Wednesday, September 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2023 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Rohit Toshniwal, Ms. Sadhana Toshniwal Mr. Norat Mal Choudhary, Ms. Prabha Lakhotia, Mr. Rakesh Choudhary, Mr. Mukul Lakhotia, and Mr. Nitin Toshniwal are the company's promoters.
| Share Holding Pre Issue | 97.95% |
| Share Holding Post Issue |
Incorporated in 2011, Sahaj Fashions Limited manufactures fabric for garment making, home furnishings, and industrial applications.
The company manufactures cotton suiting fabric and cotton shirting fabric, polyester-based and cotton-polyster blended fabrics. It also manufactures cotton yarn-dyed fabrics which are its most in-demand product in the garment manufacturing industry.
Sahaj's product list includes Piece Dyed Shirtings, Cotton Yarn Dyed Shirtings, Cotton yarn dyed Chambray, and Cotton fabric for Self Designed Shirting from count 40s to 100s in the Shirtings segment; Cotton Spandex Fabric, Cotton Suiting Fabric, Cotton Dobby Designs, and Cotton Power Lycra Fabrics in the Suitings segment; Slub Yarn Fabrics and Linen Fabrics in the Fancy Fabrics segment; and Cotton Duck Fabric, Cotton Drill Fabric, Cotton Twill Fabric, and Cotton Tusser Fabric in the Industrial Cloth segment.
Sahaj Fashions' manufacturing unit is located on Kishangarh Bhilwara Express Highway i.e. NH 79, at village Srinagar District Ajmer.
The company recorded Rs. 9,097.58 Lakhs in total revenue for the financial periods ending February 28, 2023.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 28 Feb 2023 |
| Assets | 6,476.39 | 6,711.73 | 6,998.59 | 7,179.34 |
| Revenue | 9,933.61 | 7,475.54 | 8,698.36 | 9,101.07 |
| Profit After Tax | 27.19 | 31.90 | 42.64 | 288.71 |
| Net Worth | 1,361.63 | 1,393.53 | 1,435.78 | 1,724.07 |
| Reserves and Surplus | 620.41 | 652.32 | 694.56 | 982.85 |
| Total Borrowing | 1,019.03 | 1,608.65 | 1,795.46 | 1,519.24 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Though based on its super performance for FY23, the issue appears fully priced, on the basis of its inconsistent financial performance so far, the issue appears greedily priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
The Sahaj Fashions IPO is subscribed 7.75 times on August 29, 2023 7:29:00 PM. The public issue subscribed 11.72 times in the retail category, times in the QIB category, and 3.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.78 |
| Retail | 11.72 |
| Total | 7.75 |
Total Application : 6,468 (11.72 times)
| Listing Date | September 6, 2023 |
| BSE Script Code | |
| NSE Symbol | SAHAJ |
| ISIN | INE013901017 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹30.00 |
| ₹31.00 |
| ₹29.45 |
| ₹32.00 |
| ₹30.35 |
Sahaj Fashions Limited
Shree Bhawan, Ajmer Road,
Madanganj, Kishangarh - 305801
Phone: +91 9462788792
Email: cfo@sahajfashions.in
Website: https://sahajfashions.in/
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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Sahaj Fashions IPO is a SME IPO of 4,652,000 equity shares of the face value of ₹10 aggregating up to ₹13.96 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on August 25, 2023, and closes on August 29, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sahaj Fashions IPO using UPI as a payment gateway. Zerodha customers can apply in Sahaj Fashions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sahaj Fashions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sahaj Fashions IPO opens on August 25, 2023 and closes on August 29, 2023.
Sahaj Fashions IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Sahaj Fashions 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 Sahaj Fashions IPO will be done on Friday, September 1, 2023, and the allotted shares will be credited to your demat account by Tuesday, September 5, 2023. Check the Sahaj Fashions IPO allotment status.
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