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Jinaam's Dress IPO is a fixed price issue of ₹42.48 crores. The issue is entirely a fresh issue of 0.72 crore shares of ₹42.48 crore.
Jinaam's Dress IPO bidding started from Apr 9, 2019 and ended on Apr 15, 2019. The allotment for Jinaam's Dress IPO was finalized on Apr 22, 2019. The shares got listed on BSE SME on Apr 25, 2019.
Jinaam's Dress IPO price is ₹59.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,18,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,36,000.
SMC Capitals 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 NNM Securities Pvt.Ltd..
Refer to Jinaam's Dress IPO RHP for detailed Information.
| IPO Date | April 9, 2019 to April 15, 2019 |
| Listing Date | April 25, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 72,00,000 shares (aggregating up to ₹42.48 Cr) |
| Reserved for Market Maker | 3,60,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹2.12 Cr) |
| Net Offered to Public | 68,40,000 shares (aggregating up to ₹40.36 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,50,82,000 shares |
| Share Holding Post Issue | 2,22,82,000 shares |
Jinaam's Dress Limited IPO offers total 72,00,000 shares. Out of which 34,20,000 (47.50%) allocated to NII, 34,20,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,60,000 (5.00%) |
| NII (HNI) Shares Offered | 34,20,000 (47.50%) |
| Retail Shares Offered | 34,20,000 (47.50%) |
| Total Shares Offered | 72,00,000 (100.00%) |
Jinaam's Dress IPO opens on April 9, 2019, and closes on April 15, 2019.
| IPO Open Date | Tue, Apr 9, 2019 |
| IPO Close Date | Mon, Apr 15, 2019 |
| Tentative Allotment | Mon, Apr 22, 2019 |
| Initiation of Refunds | Tue, Apr 23, 2019 |
| Credit of Shares to Demat | Wed, Apr 24, 2019 |
| Tentative Listing Date | Thu, Apr 25, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Apr 15, 2019 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,18,000 |
| Retail (Max) | 1 | 2,000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, Gujarat based Jinaam's Dress Limited is a manufacturer, distributor and supplier of Indian fusion and ethnic apparels for women. Company's product includes women's clothing such as kurti, dupatta, sarees, lehenga-choli, and scarfs made of satin, georgette, crepe, chiffon, velvet, polyester, cotton, silk, and wool. They also provide dying, printing, embroidery, cutting, stitching, sewing, finishing, inspection, and packing services.
They have a presence across 19 states and 4 union territories in the country. They operate a retail store for women's apparel located at The Gateway Hotel, Surat, Gujarat. They also tied-up with Mandola e-Trade Pvt Ltd to use its e-commerce platform for online marketing and selling women apparels. They have a manufacturing unit producing 5,00,000 meters/month capacity for apparel material. Based on current market trends they have introduced around 134 product catalogues each of which comprises an average of around 8-10 designs during FY 2017-18.
The company has a brand portfolio which includes FORMM, TIARAA, ZAREEN, ASMIRA, ROMA, BAHNI, HEROINE, FLORAL CREATION and JINAAM. The company also exports fabrics to different countries namely Nepal, UK, Afghanistan, Mauritius, and Dubai through international dealers and merchants.
The competitive strengths of the company are:
1. Innovative product designs
2. Diversified Product Portfolio
3. In-house Manufacturing facility
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Nov-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 14,979.73 | 14,079.68 | 10,353.41 | 11,403.83 | |
| Total Revenue | 9,510.54 | 15,289.06 | 13,438.32 | 13,631.96 | |
| Profit After Tax | 416.99 | 782.11 | 287.54 | 213.57 | |
The Company Jinaam's Dress 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 | Purchase of machinery | 7.00 |
| 2 | Augmenting the long term working capital requirements of the Company | 18.00 |
| 3 | Repayment/ Pre-payment of certain Debt facilities availed by the Company | 5.00 |
| 4 | General Corporate Purposes | 8.72 |
| 5 | Issue related expenses | 3.76 |
[Dilip Davda] <p>The sudden spurt in bottom lines forFY18 raises concern. The company did placement of shares at Rs. 70 per share with a group of investors ahead of IPO. Based on valuation parameters, the issue appears fully priced. However, JDL is working on an in-house process module that might lead to better margins going forward. Currently, the textile segment is not favoured by investors for investments. Considering all these, investors may consider an investment for the long term.</p> Read detail review...
| Listing Date | April 25, 2019 |
| BSE Script Code | 542653 |
| NSE Symbol | |
| ISIN | INE011201014 |
| Final Issue Price | ₹59 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹59.00 |
| Low | ₹56.05 |
| High | ₹59.00 |
| Last Trade | ₹56.10 |
Jinaam's Dress Ltd.
Plot No. 524
Road No. 5, GIDC
Sachin
Surat, Gujarat, 394230
Phone: 0261-2398505
Email: cs@jinaamdresses.com
Website: http://www.jinaam.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jinaam's Dress IPO is a SME IPO of 72,00,000 equity shares of the face value of ₹10 aggregating up to ₹42.48 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on April 9, 2019, and closes on April 15, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Jinaam's Dress IPO using UPI as a payment gateway. Zerodha customers can apply in Jinaam's Dress IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jinaam's Dress IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jinaam's Dress IPO opens on April 9, 2019 and closes on April 15, 2019.
Jinaam's Dress IPO lot size is 2000, and the minimum amount required for application is ₹1,18,000.
You can apply in Jinaam's Dress 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 Jinaam's Dress IPO will be done on Monday, April 22, 2019, and the allotted shares will be credited to your demat account by Wednesday, April 24, 2019. Check the Jinaam's Dress IPO allotment status.
The Jinaam's Dress IPO listing date is on Thursday, April 25, 2019.
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