Jakharia Fabric Limited IPO

Add to Calendar 2018-06-29 12:00 AM 2018-07-03 12:00 AM Asia/Kolkata Jakharia Fabric Limited IPO Jakharia Fabric Limited India

Jakharia Fabric Limited was incorporated as 'Jakhria Fabric Private Limited' under the Companies Act, 1956 with the Registrar of Companies, Mumbai, on 22nd June 2007.  It is currently involved in dyeing and processing of fabrics on job work basis for other textile companies as well as for its own manufacturing product line segments.

Date of Establishment: Jakharia Fabric Limited was established as a private limited company under the name of 'Jakharia Fabric Private Limited' on 22nd of June 2007 under the provision of the Companies Act 1956 by Registrar of Companies, Mumbai. It was incorporated as a Public Limited Company on 20th April 2018 and the name was reformed to 'Jakharia Fabric Limited' and a fresh Certificate of Incorporation was issued to them by the Registrar of Companies, Mumbai.

Promoters of Jakharia Fabric Limited: Mr. Jignesh Shah, Mr. Nitin Shah and Mr. Dixit Shah are the promoters of Jakharia Fabric Limited.

Products and Service offering: Jakharia Fabric Limited undertakes dyeing and processing of fabrics for other textile companies as well as for its own manufacturing product line up on job work basis. It obtains grey fabric and further dyes the same and also processes the same, according to the client’s needs. It also fabricates and process the fabrics, especially for shirting’s. It also outsources it services by taking certain processes like weaving  of the fabrics and printing them as per demands made by customers on certain parameters mainly the quality of fabrics.

Customer segments: Jakharia Fabric Limited mainly adopts hybrid marketing strategy to attract customers. Therefore, by reaching the customers via direct approach, agent/broker network approach it is able to well establish its customer segments in the states, Maharashtra, Gujarat, Karnataka, Uttar Pradesh and Tamil Nadu among others.

Objects of Jakharia Fabric Limited IPO: The objectives of Jakharia Fabric Limited IPO are:

- Part finance the setting up of processing unit through M/s. Jakharia Industries at Tarapur, MIDC.

- Funding Expenditure for General Corporate Purposes.

- Listing of its Equity Shares on the SME Exchange.

Company Financials:

Summary of financial Information (Restated)

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

 

 

Issue Detail

  • Issue Open: Jun 29, 2018
  • Issue Close: Jul 03, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 180 Per Equity Share
  • Bid Lot:800 Shares
  • Minimum Order Quantity:800 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 19.66 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 516,000 516,000 - - 1,032,000
Day 1 - Jul 02, 2018IST - 820000 212800 - - 1042400
Day 2 - Jul 03, 2018IST - 940000 307200 - - 1316800
Day 3 - Jul 29, 2018IST - 605600 132800 - - 738400

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 180.00
Open - Rs 181.35
Low - Rs 180.75
High - Rs 182.45
Last Trade - Rs 181.50
Volume - 73,600

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