Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Thu, Jun 25, 2015 - Mon, Jun 29, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jun 25, 2015
IPO Close
Mon, Jun 29, 2015
Issue Price
₹16 per share
Market Cap (Pre-IPO)
₹4.31 Cr
| IPO Date | 25 to 29 Jun, 2015 |
| Listed on | Fri, Jul 10, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹16 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,00,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 56,000 shares Hem Securities Ltd. (agg. up to ₹0.0896 Cr) |
| Fresh Issue (Ex Market Maker) | 9,44,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 9,44,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 16,92,270 shares |
| Share Holding Post Issue | 26,92,270 shares |
| BSE Script Code | 539216 |
| ISIN | INE653S01010 |
Junction Fabrics IPO comprises a total issue size of 10,00,000 shares. The net offer to the public is 9,44,000 shares, after excluding 56,000 shares allotted on a firm basis. Of the Net offer 4,72,000 (50.00%) allocated to NII 4,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,72,000 | 50.00% | 47.20% |
| Retail Shares Offered | 4,72,000 | 50.00% | 47.20% |
| Firm Reservations | |||
| Market Maker Shares Offered | 56,000 | 5.60% | |
| Total Shares Offered | 10,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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.
| 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 | To Meet Working Capital Requirement | 1.14 |
| 2 | Public Issue Expenses | 0.47 |
| KPI | |
|---|---|
| RoNW | 10.86% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 62.86% |
| Market Cap | ₹4.31 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 underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.40 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Regulatory fees and Other expense | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹16.00 |
| Open | ₹17.50 |
| Low | ₹17.05 |
| High | ₹18.35 |
| Last Trade | ₹17.30 |
Lead Manager Reports
Junction Fabrics IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹16 per share. The minimum order quantity is 8000.
The IPO opens on Thu, Jun 25, 2015, and closes on Mon, Jun 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 Thu, Jun 25, 2015 and closes on Mon, Jun 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 Fri, Jul 10, 2015.
