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Junction Fabrics IPO is a fixed price issue of ₹1.60 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹1.60 crore.
Junction Fabrics IPO bidding started from Jun 25, 2015 and ended on Jun 29, 2015. The shares got listed on BSE SME on Jul 10, 2015.
Junction Fabrics IPO price is ₹16.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,56,000.
Hem Securities 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 Hem Securities Ltd..
Refer to Junction Fabrics IPO RHP for detailed Information.
| IPO Date | June 25, 2015 to June 29, 2015 |
| Listing Date | July 10, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹16 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,00,000 shares (aggregating up to ₹1.60 Cr) |
| Reserved for Market Maker | 56,000 shares Hem Securities Ltd. (aggregating up to ₹0.0896 Cr) |
| Net Offered to Public | 9,44,000 shares (aggregating up to ₹1.51 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 16,92,270 shares |
| Share Holding Post Issue | 26,92,270 shares |
Junction Fabrics IPO offers total 10,00,000 shares. Out of which 4,72,000 (47.20%) allocated to NII, 4,72,000 (47.20%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 56,000 (5.60%) |
| NII (HNI) Shares Offered | 4,72,000 (47.20%) |
| Retail Shares Offered | 4,72,000 (47.20%) |
| Total Shares Offered | 10,00,000 (100.00%) |
Junction Fabrics IPO opens on June 25, 2015, and closes on June 29, 2015.
| IPO Open Date | Thu, Jun 25, 2015 |
| IPO Close Date | Mon, Jun 29, 2015 |
| Tentative Listing Date | Fri, Jul 10, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 29, 2015 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,28,000 |
| Retail (Max) | 1 | 8,000 | ₹1,28,000 |
| HNI (Min) | 2 | 16,000 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, Junction Fabrics And Apparels Ltd (JFAL) is engaged in the business of garment manufacturing and selling both Knitted Fabric as well as Garments. Its range of garment products covers all the age group segments such as kids wear, mens wear, ladies wear, boys & girls wear. JFAL uses variety of knitted fabrics such as 100% cotton, 100% polyester, blended (cotton and polyester) and printed polyester fabrics in the production of garments and selling it to domestic garment manufacturers.
JFAL sales around 80% of its products in domestic markets and the rest to Middle East Countries such UAE, Kuwait, Qatar, Bahrain, Saudi where there is demand for company's products as there are sizeable expatriates living in these countries. JFAL manufactures 100% cotton fabrics by supplying Yarn to the Mills for Knitting, Dyeing, Printing, Compacting factories.
| KPI | Values |
|---|---|
| RoNW | 10.86% |
The Company Junction Fabrics 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 | To Meet Working Capital Requirement | 1.14 |
| 2 | Public Issue Expenses | 0.47 |
[Dilip Davda] <p>Based on above details, this IPO looks pricy and post listing may witness thin trading after initial hiccups.</p> <p>DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</p> Read detail review...
| Listing Date | July 10, 2015 |
| BSE Script Code | 539216 |
| NSE Symbol | |
| ISIN | INE653S01010 |
| Final Issue Price | ₹16 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹16.00 |
| Open | ₹17.50 |
| Low | ₹17.05 |
| High | ₹18.35 |
| Last Trade | ₹17.30 |
Junction Fabrics & Apparels Ltd.
No. 18(1)
24, Workshop Street,
Khaderpet,
Tiruppur, Tamil Nadu, 641601
Phone: +91-0421-2200115
Email: cs@junctionfabrics.in
Website: http://www.junctionfabrics.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Junction Fabrics IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹1.60 Crores. The issue is priced at ₹16 per share. The minimum order quantity is 8000.
The IPO opens on June 25, 2015, and closes on June 29, 2015.
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 Junction Fabrics IPO using UPI as a payment gateway. Zerodha customers can apply in Junction Fabrics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Junction Fabrics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Junction Fabrics IPO opens on June 25, 2015 and closes on June 29, 2015.
Junction Fabrics IPO lot size is 8000, and the minimum amount required for application is ₹1,28,000.
You can apply in Junction Fabrics 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 Junction Fabrics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Junction Fabrics IPO allotment status.
The Junction Fabrics IPO listing date is on Friday, July 10, 2015.
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