Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Tue, Sep 27, 2016 - Thu, Sep 29, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 27, 2016
IPO Close
Thu, Sep 29, 2016
Issue Price
₹39 per share
Market Cap (Pre-IPO)
₹15.92 Cr
| IPO Date | 27 to 29 Sep, 2016 |
| Listed on | Fri, Oct 7, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹39 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 10,83,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 57,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.2223 Cr) |
| Fresh Issue (Ex Market Maker) | 10,26,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 10,26,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 30,00,200 shares |
| Share Holding Post Issue | 40,83,200 shares |
| NSE Symbol | JETKNIT |
| ISIN | INE564T01017 |
Jet Knitwears IPO comprises a total issue size of 10,83,000 shares. The net offer to the public is 10,26,000 shares, after excluding 57,000 shares allotted on a firm basis. Of the Net offer 5,13,000 (50.00%) allocated to NII 5,13,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,13,000 | 50.00% | 47.37% |
| Retail Shares Offered | 5,13,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 57,000 | 5.26% | |
| Total Shares Offered | 10,83,000 | 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 | ₹1,17,000 |
| Retail (Max) | 1 | 3,000 | ₹1,17,000 |
| HNI (Min) | 2 | 6,000 | ₹2,34,000 |
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.
| 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 | Working Capital Requirements | 3.52 |
| 2 | General Corporate Purposes | 0.35 |
| 3 | Issue Expenses | 0.35 |
| KPI | |
|---|---|
| RoNW | 5.51% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | 73.47% |
| Market Cap | ₹15.92 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.31 |
| 2 | Regulatory Fees & Other Expenses | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹39.00 |
| Open | ₹46.80 |
| Low | ₹46.80 |
| High | ₹46.80 |
| Last Trade | ₹46.80 |
Lead Manager Reports
Jet Knitwears IPO is a SME IPO of 10,83,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹39 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Sep 27, 2016, and closes on Thu, Sep 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 Tue, Sep 27, 2016 and closes on Thu, Sep 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 Fri, Oct 7, 2016.
