Fixed Price IPO | ₹16 Cr | Listed at BSE SME | Thu, Jul 31, 2014 - Tue, Aug 5, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jul 31, 2014
IPO Close
Tue, Aug 5, 2014
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹59.28 Cr
| IPO Date | 31 Jul to 5 Aug, 2014 |
| Listed on | Wed, Aug 20, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 34,74,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,74,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.7830 Cr) |
| Fresh Issue (Ex Market Maker) | 33,00,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 33,00,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 97,00,000 shares |
| Share Holding Post Issue | 1,31,74,000 shares |
| BSE Script Code | 538598 |
| ISIN | INE755Q01017 |
Vishal Fabrics IPO comprises a total issue size of 34,74,000 shares. The net offer to the public is 33,00,000 shares, after excluding 1,74,000 shares allotted on a firm basis. Of the Net offer 16,50,000 (50.00%) allocated to NII 16,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,50,000 | 50.00% | 47.50% |
| Retail Shares Offered | 16,50,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,74,000 | 5.01% | |
| Total Shares Offered | 34,74,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Funding Long Term Working Capital Requirements | 14.00 |
| 2 | Funding expenditure for General Corporate Purposes | 1.03 |
| KPI | |
|---|---|
| RoNW | 6.58% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 73.62% |
| Market Cap | ₹59.28 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 | Issue Management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.48 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.03 |
| 3 | Advertisement and Marketing Expenses | 0.03 |
| 4 | Stock Exchange Fees, Regulatory and other Expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.20 |
| Low | ₹44.05 |
| High | ₹46.90 |
| Last Trade | ₹46.90 |
Lead Manager Reports
Vishal Fabrics IPO is a SME IPO of 34,74,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Jul 31, 2014, and closes on Tue, Aug 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 Thu, Jul 31, 2014 and closes on Tue, Aug 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 Wed, Aug 20, 2014.
