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Vishal Fabrics IPO is a fixed price issue of ₹15.63 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹15.63 crore.
Vishal Fabrics IPO bidding started from Jul 31, 2014 and ended on Aug 5, 2014. The shares got listed on BSE SME on Aug 20, 2014.
Vishal Fabrics IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Aryaman Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Vishal Fabrics IPO RHP for detailed Information.
| IPO Date | July 31, 2014 to August 5, 2014 |
| Listing Date | August 20, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,74,000 shares (aggregating up to ₹15.63 Cr) |
| Reserved for Market Maker | 1,74,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.7830 Cr) |
| Net Offered to Public | 33,00,000 shares (aggregating up to ₹14.85 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 97,00,000 shares |
| Share Holding Post Issue | 1,31,74,000 shares |
Vishal Fabrics IPO offers total 34,74,000 shares. Out of which 16,50,000 (47.50%) allocated to NII, 16,50,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,74,000 (5.01%) |
| NII (HNI) Shares Offered | 16,50,000 (47.50%) |
| Retail Shares Offered | 16,50,000 (47.50%) |
| Total Shares Offered | 34,74,000 (100.00%) |
Vishal Fabrics IPO opens on July 31, 2014, and closes on August 5, 2014.
| IPO Open Date | Thu, Jul 31, 2014 |
| IPO Close Date | Tue, Aug 5, 2014 |
| Tentative Listing Date | Wed, Aug 20, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 5, 2014 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2014, Vishal Fabrics Limited (VFL) is a flagship Company of Chiripal Group, Ahmedabad and is recognized as a leading process house with a capacity to produce 100 million meter processed fabric per annum. VFL is engaged in the business of dyeing, printing and processing of fabrics of its own and also on job work basis.
Company procures mainly Grey Fabric and dyes, prints and finishes the same as per the client’s requirements. The processing unit of the Company is based in Narol, Ahmedabad, Gujarat. The plant has the capacity to print, dye and process wide range of fabrics i.e. cotton, polyester, viscose and man-made & blended fabrics suitable for men’s wear, women’s wear, home furnishing and many other applications.
| KPI | Values |
|---|---|
| RoNW | 6.58% |
The Company Vishal 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 | Funding Long Term Working Capital Requirements | 14.00 |
| 2 | Funding expenditure for General Corporate Purposes | 1.03 |
[Dilip Davda] <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong style="mso-bidi-font-weight: normal;"><span style="text-decoration: underline;"><span style="font-family: Calibri;"><span style="font-size: medium;">Remark: Avoid this pricy issue that also has entry barriers. </span><span style="mso-spacerun: yes;"><span style="font-size: medium;"> </span></span></span></span></strong></p> Read detail review...
| Listing Date | August 20, 2014 |
| BSE Script Code | 538598 |
| NSE Symbol | |
| ISIN | INE755Q01017 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.20 |
| Low | ₹44.05 |
| High | ₹46.90 |
| Last Trade | ₹46.90 |
Vishal Fabrics Ltd.
Vishal Fabrics Ltd,
Ranipur, Narol Road,
Ahmedabad, 382405 Gujarat
Ahmedabad, Gujarat
Phone: +91-79-25353977 /78
Email: cs.vfl@chiripalgroup.com
Website: http://www.vishalfabricsltd.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: vfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Vishal Fabrics IPO is a SME IPO of 34,74,000 equity shares of the face value of ₹10 aggregating up to ₹15.63 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on July 31, 2014, and closes on August 5, 2014.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vishal Fabrics IPO using UPI as a payment gateway. Zerodha customers can apply in Vishal Fabrics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishal Fabrics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishal Fabrics IPO opens on July 31, 2014 and closes on August 5, 2014.
Vishal Fabrics IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Vishal 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 Vishal Fabrics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vishal Fabrics IPO allotment status.
The Vishal Fabrics IPO listing date is on Wednesday, August 20, 2014.
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