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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 ₹30.00 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). The minimum lot size investment for 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 Date | August 25, 2023 to August 29, 2023 |
| Listing Date | September 6, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 46,52,000 shares (aggregating up to ₹13.96 Cr) |
| Reserved for Market Maker | 2,36,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.7080 Cr) |
| Fresh Issue (Ex Market Maker) | 42,40,000 shares (aggregating up to ₹12.72 Cr) |
| Offer for Sale | 1,76,000 shares of ₹10 (aggregating up to ₹0.5280 Cr) |
| Net Offered to Public | 44,16,000 shares (aggregating up to ₹13.25 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 86,92,160 shares |
| Share Holding Post Issue | 1,31,68,160 shares |
Sahaj Fashions IPO offers total 46,52,000 shares. Out of which 22,08,000 (47.46%) allocated to NII, 22,08,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,36,000 (5.07%) |
| NII (HNI) Shares Offered | 22,08,000 (47.46%) |
| Retail Shares Offered | 22,08,000 (47.46%) |
| Total Shares Offered | 46,52,000 (100.00%) |
Sahaj Fashions IPO opens on August 25, 2023, and closes on August 29, 2023.
| IPO Open Date | Fri, Aug 25, 2023 |
| IPO Close Date | Tue, Aug 29, 2023 |
| Tentative Allotment | Fri, Sep 1, 2023 |
| Initiation of Refunds | Mon, Sep 4, 2023 |
| Credit of Shares to Demat | Tue, Sep 5, 2023 |
| Tentative Listing Date | Wed, Sep 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 29, 2023 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 28 Feb 2023 |
| Assets | 6,476.39 | 6,711.73 | 6,998.59 | 7,179.34 |
| Total Income | 9,933.61 | 7,475.54 | 8,698.36 | 9,101.07 |
| Profit After Tax | 27.19 | 31.90 | 42.64 | 288.71 |
| Net Worth | 1,361.63 | 1,393.53 | 1,435.78 | 1,724.07 |
| Reserves and Surplus | 620.41 | 652.32 | 694.56 | 982.85 |
| Total Borrowing | 1,019.03 | 1,608.65 | 1,795.46 | 1,519.24 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Though based on its super performance for FY23, the issue appears fully priced, on the basis of its inconsistent financial performance so far, the issue appears greedily priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
| Listing Date | September 6, 2023 |
| BSE Script Code | |
| NSE Symbol | SAHAJ |
| ISIN | INE013901017 |
| Final Issue Price | ₹30 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹31.00 |
| Low | ₹29.45 |
| High | ₹32.00 |
| Last Trade | ₹30.35 |
Sahaj Fashions Ltd.
Shree Bhawan, Ajmer Road,
Madanganj,
Kishangarh,
Kishangarh, Rajasthan, 305801
Phone: +91 9462788792
Email: cfo@sahajfashions.in
Website: https://sahajfashions.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sahaj Fashions IPO is a SME IPO of 46,52,000 equity shares of the face value of ₹10 aggregating up to ₹13.96 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on August 25, 2023, and closes on August 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 August 25, 2023 and closes on August 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 Tuesday, September 5, 2023. Check the Sahaj Fashions IPO allotment status.
The Sahaj Fashions IPO listing date is on Wednesday, September 6, 2023.
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