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Artedz Fabs IPO is a book build issue of ₹8.32 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹8.32 crore.
Artedz Fabs IPO bidding started from Mar 18, 2019 and ended on Mar 20, 2019. The allotment for Artedz Fabs IPO was finalized on Mar 26, 2019. The shares got listed on NSE SME on Mar 29, 2019.
Artedz Fabs IPO price band is set at ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,02,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Artedz Fabs IPO RHP for detailed Information.
| IPO Date | March 18, 2019 to March 20, 2019 |
| Listing Date | March 29, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹34 to ₹36 per share |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,10,000 shares (aggregating up to ₹8.32 Cr) |
| Reserved for Market Maker | 1,20,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.4320 Cr) |
| Net Offered to Public | 21,90,000 shares (aggregating up to ₹7.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 62,50,000 shares |
| Share Holding Post Issue | 85,60,000 shares |
Artedz Fabs IPO offers total 23,10,000 shares. Out of which 10,95,000 (47.40%) allocated to NII, 10,95,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.19%) |
| NII (HNI) Shares Offered | 10,95,000 (47.40%) |
| Retail Shares Offered | 10,95,000 (47.40%) |
| Total Shares Offered | 23,10,000 (100.00%) |
Artedz Fabs IPO opens on March 18, 2019, and closes on March 20, 2019.
| IPO Open Date | Mon, Mar 18, 2019 |
| IPO Close Date | Wed, Mar 20, 2019 |
| Tentative Allotment | Tue, Mar 26, 2019 |
| Initiation of Refunds | Wed, Mar 27, 2019 |
| Credit of Shares to Demat | Thu, Mar 28, 2019 |
| Tentative Listing Date | Fri, Mar 29, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 20, 2019 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Mumbai based Artedz Fabs Limited is engaged in trading and manufacturing of cotton yarn dyed fabrics for suiting and shirting. With in-house designing team and expertise in grey fabrics, they receive the orders from Indian and international markets as well. It has a major manufacturing unit installed at Bhiwandi, Maharashtra, with a capacity of 21 Lakhs Sq. metre fabrics per annum.
The popular products of the company are cotton fabric, linen fabric, polyester fabric, nylon fabric and blended fabric. Company follow Just-in-time concept for managing its inventory level and cost which means they manufacture its products on the basis of orders received from the customers.
The company is specialised in manufacturing men's clothing for summer and winter. Artedz is planning to expand the operations in women wear as well. The company sell its products to the traders engaged in the textile industry. They further sell the fabric to the units engaged in the manufacturing of apparels.
Following strengths have contributed to the company's success and will continue to be competitive:
• On-Time Delivery
• Experienced team and promoters
• Unique in-house design
• Long-maintained customer relations
| Particulars | For the year/period ended (in Rs. lakhs) | ||||||
|---|---|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 7,408.60 | 6,148.14 | 4,425.21 | 3,645.31 | 3,911.65 | 2,913.91 | |
| Total Revenue | 3,663.49 | 6,433.90 | 5,310.81 | 3,877.97 | 3,097.82 | 2,652.05 | |
| Profit After Tax | 254.25 | 351.85 | 178.87 | (35.55) | (77.08) | (44.86) | |
The Company Artedz Fabs IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 7.25 |
| 2 | General Corporate Purpose | 0.06 |
[Dilip Davda] Although the textile sector is currently having low fancy and recent few high P/E issues have burnt pockets of investors, this reasonably priced issue may be considered for long term investment. Read detail review...
| Listing Date | March 29, 2019 |
| BSE Script Code | |
| NSE Symbol | ARTEDZ |
| ISIN | INE00CO01016 |
| Final Issue Price | ₹36 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹40.00 |
| Low | ₹39.00 |
| High | ₹42.00 |
| Last Trade | ₹41.65 |
Artedz Fabs Ltd.
206, Gambhir Industrial Estate
Opp. Paramount Print, Off Aarey Road
Goregaon (East)
Mumbai, Maharashtra, 400063
Phone: +91 022 29276278
Email: investors@artedzfabs.com
Website: http://www.artedzfabs.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Artedz Fabs IPO is a SME IPO of 23,10,000 equity shares of the face value of ₹10 aggregating up to ₹8.32 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on March 18, 2019, and closes on March 20, 2019.
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 Artedz Fabs IPO using UPI as a payment gateway. Zerodha customers can apply in Artedz Fabs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Artedz Fabs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Artedz Fabs IPO opens on March 18, 2019 and closes on March 20, 2019.
Artedz Fabs IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Artedz Fabs IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Artedz Fabs IPO will be done on Tuesday, March 26, 2019, and the allotted shares will be credited to your demat account by Thursday, March 28, 2019. Check the Artedz Fabs IPO allotment status.
The Artedz Fabs IPO listing date is on Friday, March 29, 2019.
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