Bookbuilding IPO | ₹8 Cr | Listed at NSE SME | Mon, Mar 18, 2019 - Wed, Mar 20, 2019
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 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,08,000 (3000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 18, 2019
IPO Close
Wed, Mar 20, 2019
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹30.82 Cr
| IPO Date | 18 to 20 Mar, 2019 |
| Listed on | Fri, Mar 29, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹34 to ₹36 |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,10,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,20,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.4320 Cr) |
| Fresh Issue (Ex Market Maker) | 21,90,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 21,90,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 62,50,000 shares |
| Share Holding Post Issue | 85,60,000 shares |
| NSE Symbol | ARTEDZ |
| ISIN | INE00CO01016 |
Artedz Fabs IPO comprises a total issue size of 23,10,000 shares. The net offer to the public is 21,90,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 10,95,000 (50.00%) allocated to NII 10,95,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,95,000 | 50.00% | 47.40% |
| Retail Shares Offered | 10,95,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.19% | |
| Total Shares Offered | 23,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 7.25 |
| 2 | General Corporate Purpose | 0.06 |
The Artedz Fabs IPO is subscribed 1.54 times on March 20, 2019 5:00:00 PM (Day 3). The public issue subscribed 1.78 times in the retail category, [.] times in the QIB category, and 1.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.31 | 10,95,000 | 14,31,000 |
| Retail | 1.78 | 10,95,000 | 19,50,000 |
| Total | 1.54 | 21,90,000 | 33,81,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.90 |
| 2 | Regulatory Fees | 0.04 |
| 3 | Marketing and Other Expenses | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹40.00 |
| Low | ₹39.00 |
| High | ₹42.00 |
| Last Trade | ₹41.65 |
Lead Manager Reports
Artedz Fabs IPO is a SME IPO of 23,10,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Mar 18, 2019, and closes on Wed, Mar 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 Mon, Mar 18, 2019 and closes on Wed, Mar 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 Thu, Mar 28, 2019. Check the Artedz Fabs IPO allotment status.
The Artedz Fabs IPO listing date is on Fri, Mar 29, 2019.
