Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Fri, Jun 29, 2018 - Tue, Jul 3, 2018
Jakharia Fabric IPO is a fixed price issue of ₹19.66 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹19.66 crore.
Jakharia Fabric IPO bidding started from Jun 29, 2018 and ended on Jul 3, 2018. The allotment for Jakharia Fabric IPO was finalized on Jul 6, 2018. The shares got listed on NSE SME on Jul 11, 2018.
Jakharia Fabric IPO price is ₹180 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,88,000.
Aryaman Financial Services 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 Aryaman Capital Markets Ltd..
Refer to Jakharia Fabric IPO RHP for detailed Information.
IPO Open
Fri, Jun 29, 2018
IPO Close
Tue, Jul 3, 2018
Issue Price
₹180 per share
Market Cap (Pre-IPO)
₹73.15 Cr
| IPO Date | 29 Jun to 3 Jul, 2018 |
| Listed on | Wed, Jul 11, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 10,92,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 60,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 10,32,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 10,32,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 29,71,830 shares |
| Share Holding Post Issue | 40,63,830 shares |
| NSE Symbol | JAKHARIA |
| ISIN | INE00N401018 |
Jakharia Fabric IPO comprises a total issue size of 10,92,000 shares. The net offer to the public is 10,32,000 shares, after excluding 60,000 shares allotted on a firm basis. Of the Net offer 5,16,000 (50.00%) allocated to NII 5,16,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,16,000 | 50.00% | 47.25% |
| Retail Shares Offered | 5,16,000 | 50.00% | 47.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 60,000 | 5.49% | |
| Total Shares Offered | 10,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
| HNI (Min) | 2 | 1,600 | ₹2,88,000 |
Incorporated in 2007, Maharashtra based Jakharia Fabric Limited is a company engaged in the business of dyeing and processing of fabrics on job work basis for other textile
companies as well as for own manufacturing product lines. The Company procures Grey Fabric from the market and further dyes and finishes the same as per the client's requirements on the basis of the quality of the fabric, sizing requirements etc. It also outsources certain processes like the weaving of the fabric and printing as per the demand of the customers based on the quality required. The Company manufactures and processes the fabric especially suitable for Shirtings.
Jakharia Fabric is in process of setting up an additional processing facility at Plot No. J1/1, MIDC Tarapur Industrial Area, Boisar, Palghar - 401 506. This facility is being set up through M/s Jakharia Industries, which is a Partnership Firm, wherein the Company is a partner. The Partnership firm intends to carry on the business of preparing spinning doubling texturing weaving, winding, knitting, scouring, sizing, bleaching, coloring, dying, printing and finishing and processing working or manufacturing in any way whatsoever of cotton, linen, wool synthetics and various other textile products.
The Company has set-up two (2) processing units located at MIDC Area of Saravali, Bhiwandi in Maharashtra and MIDC Area of Tarapur, Bhiwandi in Maharashtra. The plant has the facilities for dyeing and processing wide range of fabrics.
As of March 31, 2018, the company has 319 employees on its payroll.
| 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 | Part finance the setting up of processing unit through investment in M/s. Jakharia Industries at MIDC Tarapur, Bhiwandi, Maharashtra. | 18.10 |
| 2 | Expenditure for General Corporate Purposes | 0.87 |
The Jakharia Fabric IPO is subscribed 1.22 times on July 3, 2018 5:00:00 PM (Day 3). The public issue subscribed 0.60 times in the retail category, [.] times in the QIB category, and 1.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.72 | 5,16,000 | 8,89,600 |
| Retail | 0.60 | 5,16,000 | 3,07,200 |
| Total | 1.22 | 10,32,000 | 12,56,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees, selling commissions, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.48 |
| 2 | Brokerage | 0.08 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹181.35 |
| Low | ₹180.75 |
| High | ₹182.45 |
| Last Trade | ₹181.50 |
Lead Manager Reports
Jakharia Fabric IPO is a SME IPO of 10,92,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on Fri, Jun 29, 2018, and closes on Tue, Jul 3, 2018.
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 Jakharia Fabric IPO using UPI as a payment gateway. Zerodha customers can apply in Jakharia Fabric IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jakharia Fabric IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jakharia Fabric IPO opens on Fri, Jun 29, 2018 and closes on Tue, Jul 3, 2018.
Jakharia Fabric IPO lot size is 800, and the minimum amount required for application is ₹1,44,000.
You can apply in Jakharia Fabric 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 Jakharia Fabric IPO will be done on Friday, July 6, 2018, and the allotted shares will be credited to your demat account by Tue, Jul 10, 2018. Check the Jakharia Fabric IPO allotment status.
The Jakharia Fabric IPO listing date is on Wed, Jul 11, 2018.
