Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Jet Knitwears IPO is a fixed price issue of ₹4.22 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹4.22 crore.
Jet Knitwears IPO bidding started from Sep 27, 2016 and ended on Sep 29, 2016. The shares got listed on NSE SME on Oct 7, 2016.
Jet Knitwears IPO price is ₹39.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,17,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,34,000.
Sarthi 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 Choice Equity Broking Pvt.Ltd..
Refer to Jet Knitwears IPO RHP for detailed Information.
| IPO Date | September 27, 2016 to September 29, 2016 |
| Listing Date | October 7, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹39 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,83,000 shares (aggregating up to ₹4.22 Cr) |
| Reserved for Market Maker | 57,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.2223 Cr) |
| Net Offered to Public | 10,26,000 shares (aggregating up to ₹4.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 30,00,200 shares |
| Share Holding Post Issue | 40,83,200 shares |
Jet Knitwears IPO offers total 10,83,000 shares. Out of which 5,13,000 (47.37%) allocated to NII, 5,13,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 57,000 (5.26%) |
| NII (HNI) Shares Offered | 5,13,000 (47.37%) |
| Retail Shares Offered | 5,13,000 (47.37%) |
| Total Shares Offered | 10,83,000 (100.00%) |
Jet Knitwears IPO opens on September 27, 2016, and closes on September 29, 2016.
| IPO Open Date | Tue, Sep 27, 2016 |
| IPO Close Date | Thu, Sep 29, 2016 |
| Tentative Listing Date | Fri, Oct 7, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 29, 2016 |
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 | ₹1,17,000 |
| Retail (Max) | 1 | 3,000 | ₹1,17,000 |
| HNI (Min) | 2 | 6,000 | ₹2,34,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, Jet Knitwears Ltd (JKL) is engaged in the business of manufactures and exports cotton hosiery products for men, women and children. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Their product range includes vests, underwear, loungewear and outerwear, quilted thermals and socks for men; panties and socks for women; and vests, T-shirts, and outerwear for kids. Company markets its products under brand names like "Lycot Australia", "Jet", "Jet Eco", "Fresh-long", "Boski" and "Take Off".
Jet Knitwears sells their products through its stores and retailers, as well as online in India, the Middle East, and internationally. Visit chittorgarh.com for more detail.It serves over 5000 retailers through its own marketing and logistics service in Northern India. Since 1993-94 till 2012-13 it received 16 various National awards/certificates/recognitions.
| KPI | Values |
|---|---|
| RoNW | 5.51% |
The Company Jet Knitwears 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 | Working Capital Requirements | 3.52 |
| 2 | General Corporate Purposes | 0.35 |
| 3 | Issue Expenses | 0.35 |
[Dilip Davda] Being fully priced IPO, Investors may give it a miss. Read detail review...
| Listing Date | October 7, 2016 |
| BSE Script Code | |
| NSE Symbol | JETKNIT |
| ISIN | INE564T01017 |
| Final Issue Price | ₹39 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹39.00 |
| Open | ₹46.80 |
| Low | ₹46.80 |
| High | ₹46.80 |
| Last Trade | ₹46.80 |
Jet Knitwears Ltd.
119/410 B 1,
Darshanpurwa,
Kanpur - 208012
Kanpur, Uttar Pradesh
Phone: 91-0512-2217553
Email: info@jetknit.com
Website: http://www.jetknit.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jet Knitwears IPO is a SME IPO of 10,83,000 equity shares of the face value of ₹10 aggregating up to ₹4.22 Crores. The issue is priced at ₹39 per share. The minimum order quantity is 3000.
The IPO opens on September 27, 2016, and closes on September 29, 2016.
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 Jet Knitwears IPO using UPI as a payment gateway. Zerodha customers can apply in Jet Knitwears IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jet Knitwears IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jet Knitwears IPO opens on September 27, 2016 and closes on September 29, 2016.
Jet Knitwears IPO lot size is 3000, and the minimum amount required for application is ₹1,17,000.
You can apply in Jet Knitwears 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 Jet Knitwears IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jet Knitwears IPO allotment status.
The Jet Knitwears IPO listing date is on Friday, October 7, 2016.
Useful Articles
RHP