Bookbuilding IPO | ₹48 Cr | Listed at NSE SME | Thu, Sep 28, 2017 - Tue, Oct 3, 2017
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,44,000 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 28, 2017
IPO Close
Tue, Oct 3, 2017
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹142.04 Cr
| IPO Date | 28 Sep to 3 Oct, 2017 |
| Listed on | Wed, Oct 11, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹115 to ₹120 |
| Issue Price | ₹120 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 40,00,800 shares (agg. up to ₹48 Cr) |
| Reserved for Market Maker | 2,00,400 shares Systematix Shares & Stocks (India) Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 20,60,798 shares (agg. up to ₹25 Cr) |
| Offer for Sale | 17,39,602 shares of ₹10 (agg. up to ₹21 Cr) |
| Net Offered to Public | 38,00,400 shares (agg. up to ₹46 Cr) |
| Share Holding Pre Issue | 95,75,400 shares |
| Share Holding Post Issue | 1,18,36,598 shares |
| NSE Symbol | JASH |
| ISIN | INE039O01011 |
Jash Engineering IPO comprises a total issue size of 40,00,800 shares. The net offer to the public is 38,00,400 shares, after excluding 2,00,400 shares allotted on a firm basis. Of the Net offer 18,99,600 (49.98%) are allocated to QIB, 5,70,000 (15.00%) allocated to NII 13,30,800 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 18,99,600 | 49.98% | 47.48% |
| NII (HNI) Shares Offered | 5,70,000 | 15.00% | 14.25% |
| Retail Shares Offered | 13,30,800 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,400 | 5.01% | |
| Total Shares Offered | 40,00,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Jash Engineering IPO is subscribed [.] times on September 29, 2017 5:00:00 PM (Day 2). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker, Registrar, Legal Advisors, Statutory Expenses, Printing and Stationery Expenses, Advertising and Marketing Expenses | 0.50 |
| 2 | Fees payable to Market Maker for 3 years towards market making | 0.20 |
| 3 | Underwriting, Brokerage & Selling Commission | 3.30 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹120.00 |
| Open | ₹144.00 |
| Low | ₹143.80 |
| High | ₹144.00 |
| Last Trade | ₹144.00 |
Lead Manager Reports
Jash Engineering IPO is a SME IPO of 40,00,800 equity shares of the face value of ₹10 aggregating up to ₹48 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Sep 28, 2017, and closes on Tue, Oct 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 Thu, Sep 28, 2017 and closes on Tue, Oct 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 Wed, Oct 11, 2017.
