Fixed Price IPO | ₹42 Cr | Listed at BSE SME | Tue, Apr 9, 2019 - Mon, Apr 15, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Apr 9, 2019
IPO Close
Mon, Apr 15, 2019
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹131.46 Cr
| IPO Date | 9 to 15 Apr, 2019 |
| Listed on | Thu, Apr 25, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 72,00,000 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 3,60,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 68,40,000 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 68,40,000 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 1,50,82,000 shares |
| Share Holding Post Issue | 2,22,82,000 shares |
| BSE Script Code | 542653 |
| ISIN | INE011201014 |
Jinaam's Dress IPO comprises a total issue size of 72,00,000 shares. The net offer to the public is 68,40,000 shares, after excluding 3,60,000 shares allotted on a firm basis. Of the Net offer 34,20,000 (50.00%) allocated to NII 34,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 34,20,000 | 50.00% | 47.50% |
| Retail Shares Offered | 34,20,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,60,000 | 5.00% | |
| Total Shares Offered | 72,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| 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 | 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 |
The Jinaam's Dress Limited IPO is subscribed 1.21 times on April 15, 2019 6:49:02 PM (Day 5). The public issue subscribed 1.08 times in the retail category, [.] times in the QIB category, and 1.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.34 | 34,20,000 | 45,82,000 |
| Retail | 1.08 | 34,20,000 | 36,86,000 |
| Total | 1.21 | 68,40,000 | 82,68,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 1.70 |
| 2 | Market Making Charges for first year of Listing | 0.03 |
| 3 | Fees Payable to Registrar to the Issue | 0.01 |
| 4 | Fees Payable to Advertising and Marketing Expenses | 0.05 |
| 5 | Fees Payable to Regulators including Stock Exchanges | 0.02 |
| 6 | Payment for Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 7 | Others (Fees Payable to Peer Review Auditor, Legal Advisors, Advisor to the Issue, Marketing Expenses, Brokerage, Processing Fees for Application and Miscellaneous Expenses) | 1.92 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹59.00 |
| Low | ₹56.05 |
| High | ₹59.00 |
| Last Trade | ₹56.10 |
Lead Manager Reports
Jinaam's Dress IPO is a SME IPO of 72,00,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Apr 9, 2019, and closes on Mon, Apr 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 Tue, Apr 9, 2019 and closes on Mon, Apr 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 Wed, Apr 24, 2019. Check the Jinaam's Dress IPO allotment status.
The Jinaam's Dress IPO listing date is on Thu, Apr 25, 2019.
