Jakharia Fabric Limited IPO

Jakharia Fabric Limited

Issue Open

Jun 29, 2018

Price Band

₹ 180

Issue Size

₹ 19.66 Cr

Credit of Shares to Demat

-

Issue Close

Jul 03, 2018

Bid Lot

800

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

800

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Jul 11, 2018

Refunds

-

About the company:

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

 

 

FAQ’s

Can I trade an IPO through a Discount Broker?

What are the benefit of buying & selling IPOs through a discount broker?

How is it possible to trade an IPO through a discount broker when SEBI has made mandatory to buy an IPO through ASBA?

How can I buy and sell IPO through a discount broker?

What documents are required to open an account with Samco?