Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Fri, Aug 25, 2023 - Tue, Aug 29, 2023
Sahaj Fashions IPO is a fixed price issue of ₹13.96 crores. The issue is a combination of fresh issue of 0.45 crore shares aggregating to ₹13.43 crores and offer for sale of 0.02 crore shares aggregating to ₹0.5280 crores.
Sahaj Fashions IPO bidding started from Aug 25, 2023 and ended on Aug 29, 2023. The allotment for Sahaj Fashions IPO was finalized on Sep 1, 2023. The shares got listed on NSE SME on Sep 6, 2023.
Sahaj Fashions IPO price is ₹30 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Khambatta 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 NNM Securities Pvt.Ltd..
Refer to Sahaj Fashions IPO RHP for detailed Information.
IPO Open
Fri, Aug 25, 2023
IPO Close
Tue, Aug 29, 2023
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹39.50 Cr
| IPO Date | 25 to 29 Aug, 2023 |
| Listed on | Wed, Sep 6, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 46,52,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 2,36,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.7080 Cr) |
| Fresh Issue (Ex Market Maker) | 42,40,000 shares (agg. up to ₹13 Cr) |
| Offer for Sale | 1,76,000 shares of ₹10 (agg. up to ₹0.5280 Cr) |
| Net Offered to Public | 44,16,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 86,92,160 shares |
| Share Holding Post Issue | 1,31,68,160 shares |
| NSE Symbol | SAHAJ |
| ISIN | INE013901017 |
Sahaj Fashions IPO comprises a total issue size of 46,52,000 shares. The net offer to the public is 44,16,000 shares, after excluding 2,36,000 shares allotted on a firm basis. Of the Net offer 22,08,000 (50.00%) allocated to NII 22,08,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 22,08,000 | 50.00% | 47.46% |
| Retail Shares Offered | 22,08,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,36,000 | 5.07% | |
| Total Shares Offered | 46,52,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2011, Sahaj Fashions Limited manufactures fabric for garment making, home furnishings, and industrial applications.
The company manufactures cotton suiting fabric and cotton shirting fabric, polyester-based and cotton-polyster blended fabrics. It also manufactures cotton yarn-dyed fabrics which are its most in-demand product in the garment manufacturing industry.
Sahaj's product list includes Piece Dyed Shirtings, Cotton Yarn Dyed Shirtings, Cotton yarn dyed Chambray, and Cotton fabric for Self Designed Shirting from count 40s to 100s in the Shirtings segment; Cotton Spandex Fabric, Cotton Suiting Fabric, Cotton Dobby Designs, and Cotton Power Lycra Fabrics in the Suitings segment; Slub Yarn Fabrics and Linen Fabrics in the Fancy Fabrics segment; and Cotton Duck Fabric, Cotton Drill Fabric, Cotton Twill Fabric, and Cotton Tusser Fabric in the Industrial Cloth segment.
Sahaj Fashions' manufacturing unit is located on Kishangarh Bhilwara Express Highway i.e. NH 79, at village Srinagar District Ajmer.
The company recorded Rs. 9,097.58 Lakhs in total revenue for the financial periods ending February 28, 2023.
| Period Ended | 28 Feb 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 71.79 | 69.99 | 67.12 | 64.76 |
| Total Income | 91.01 | 86.98 | 74.76 | 99.34 |
| Profit After Tax | 2.89 | 0.43 | 0.32 | 0.27 |
| NET Worth | 17.24 | 14.36 | 13.94 | 13.62 |
| Reserves and Surplus | 9.83 | 6.95 | 6.52 | 6.20 |
| Total Borrowing | 15.19 | 17.95 | 16.09 | 10.19 |
| 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 Requirement | 6.68 |
| 2 | Prepayment/repayment of certain secured borrowings availed by our Company | 4.20 |
| 3 | General Corporate Purpose | 1.95 |
The Sahaj Fashions IPO is subscribed 7.75 times on August 29, 2023 7:29:00 PM (Day 3). The public issue subscribed 11.72 times in the retail category, [.] times in the QIB category, and 3.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.78 | 22,08,000 | 83,40,000 |
| Retail | 11.72 | 22,08,000 | 2,58,72,000 |
| Total | 7.75 | 44,16,000 | 3,42,28,000 |
Total Application : 6,468
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing and payment to other intermediaries such as Registrar, Market Maker, Marketing Expenses, Underwriting Commission and Other Expenses | 0.50 |
| 2 | Statutory Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹31.00 |
| Low | ₹29.45 |
| High | ₹32.00 |
| Last Trade | ₹30.35 |
Lead Manager Reports
Sahaj Fashions IPO is a SME IPO of 46,52,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Aug 25, 2023, and closes on Tue, Aug 29, 2023.
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 Sahaj Fashions IPO using UPI as a payment gateway. Zerodha customers can apply in Sahaj Fashions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sahaj Fashions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sahaj Fashions IPO opens on Fri, Aug 25, 2023 and closes on Tue, Aug 29, 2023.
Sahaj Fashions IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sahaj Fashions 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 Sahaj Fashions IPO will be done on Friday, September 1, 2023, and the allotted shares will be credited to your demat account by Tue, Sep 5, 2023. Check the Sahaj Fashions IPO allotment status.
The Sahaj Fashions IPO listing date is on Wed, Sep 6, 2023.
