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Jash Engineering IPO is a book build issue of ₹48.01 crores. The issue is a combination of fresh issue of 0.23 crore shares aggregating to ₹27.13 crores and offer for sale of 0.17 crore shares aggregating to ₹20.88 crores.
Jash Engineering IPO bidding started from Sep 28, 2017 and ended on Oct 3, 2017. The shares got listed on NSE SME on Oct 11, 2017.
Jash Engineering IPO price band is set at ₹120.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,38,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,88,000.
Systematix Corporate Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Systematix Shares & Stocks (India) Ltd..
Refer to Jash Engineering IPO RHP for detailed Information.
| IPO Date | September 28, 2017 to October 3, 2017 |
| Listing Date | October 11, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹120 per share |
| Issue Price Final | ₹120 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 40,00,800 shares (aggregating up to ₹48.01 Cr) |
| Reserved for Market Maker | 2,00,400 shares Systematix Shares & Stocks (India) Ltd. (aggregating up to ₹2.40 Cr) |
| Fresh Issue (Ex Market Maker) | 20,60,798 shares (aggregating up to ₹24.73 Cr) |
| Offer for Sale | 17,39,602 shares of ₹10 (aggregating up to ₹20.88 Cr) |
| Net Offered to Public | 38,00,400 shares (aggregating up to ₹45.60 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 95,75,400 shares |
| Share Holding Post Issue | 1,18,36,598 shares |
Jash Engineering IPO offers total 40,00,800 shares. Out of which 18,99,600 (47.48%) allocated to QIB, 5,70,000 (14.25%) allocated to NII, 13,30,800 (33.26%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,400 (5.01%) |
| QIB Shares Offered | 18,99,600 (47.48%) |
| NII (HNI) Shares Offered | 5,70,000 (14.25%) |
| Retail Shares Offered | 13,30,800 (33.26%) |
| Total Shares Offered | 40,00,800 (100.00%) |
Jash Engineering IPO opens on September 28, 2017, and closes on October 3, 2017.
| IPO Open Date | Thu, Sep 28, 2017 |
| IPO Close Date | Tue, Oct 3, 2017 |
| Tentative Listing Date | Wed, Oct 11, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 3, 2017 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,44,000 |
| Retail (Max) | 1 | 1,200 | ₹1,44,000 |
| HNI (Min) | 2 | 2,400 | ₹2,88,000 |
Jash Engineering Ltd is Gwalior, MP based company is engaged in manufacturing of wide range of products used in water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, water transmission lines, power, steel, cement, paper & pulp, petrochemicals, chemical, fertilizers and other process plants.
Company design, develop and market products like water control gates, flap valves, knife gates valves, energy dissipating valves, water hammer control valves, fine and coarse screens, screening conveying equipment, screening washing and compaction equipment, industrial valves for bulk solids handling, hydro power screw generator, screw pump and process equipment like detritors, clarifiers, clariflocculators, thickeners, decanters aerators, trickling filters, dissolved air flotation (DAF) units, rotary drum slackers, rake classifiers, pressure sand filters, etc. for water, water waste and effluent treatment plants.
Jash Engineering Design, Casting, Fabrication, and Assembly & Test all products it manufacture. Company caters to the domestic as well as international markets. Jash Engineering has 500 employees.
The Company Jash Engineering 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 | To meet working capital requirement of the Company, Expansion of Manufacturing facilities at Unit III, to acquire land in SEZ Pithampur and then to set- up a new manufacturing plant (i.e. Unit IV) in SEZ Pithampur to cater to increased export business resulting out of acquisition of Rodney Hunt in USA and Mahr Maschinenbau GmbH in Austria and for General Corporate Purpose. | 23.13 |
| 2 | Fund required for exit of Pragati Fund India Limited including OFS and Pre IPO placement | 20.88 |
[Dilip Davda] Investment for long term may be considered. The asking price is at a P/E of around 14. Jash Engineering IPO appears to have been fully priced. Read detail review...
| Listing Date | October 11, 2017 |
| BSE Script Code | |
| NSE Symbol | JASH |
| ISIN | INE039O01011 |
| Final Issue Price | ₹120 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹120.00 |
| Open | ₹144.00 |
| Low | ₹143.80 |
| High | ₹144.00 |
| Last Trade | ₹144.00 |
Jash Engineering Ltd.
31, Sector-C,
Sanwer Road
Industrial Area,
Indore, Madhya Pradesh, 452015
Phone: +91-731-6732700
Email: info@jashindia.com
Website: http://www.jashindia.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: jash.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Jash Engineering IPO is a SME IPO of 40,00,800 equity shares of the face value of ₹10 aggregating up to ₹48.01 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1200.
The IPO opens on September 28, 2017, and closes on October 3, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jash Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Jash Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jash Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jash Engineering IPO opens on September 28, 2017 and closes on October 3, 2017.
Jash Engineering IPO lot size is 1200, and the minimum amount required for application is ₹1,44,000.
You can apply in Jash Engineering 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 Jash Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jash Engineering IPO allotment status.
The Jash Engineering IPO listing date is on Wednesday, October 11, 2017.
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