Upcoming IPO Jakharia Fabric IPO and IPO Allotment Status

Upcoming IPO Jakharia Fabric IPO and IPO Allotment Status

In the list of upcoming IPO Jakharia Fabric Limited is planning to launch IPO (initial Public Offering). The tentative size of the upcoming IPO i.e Jakharia Fabric IPO is of Rs 19.66 crore. Jakharia Fabric IPO is of Fixed Price Issue IPO. Jakharia Fabric IPO might open on 29 June, 2018.

  • Jakharia Fabric IPO will open on 29 June, 2018 and close on 3 July, 2018.
  • Jakharia Fabric IPO is of Fixed Price Issue IPO.
  • Jakharia Fabric IPO size is Rs 19.66 cr.
  • Jakharia Fabric Limited is doing dyeing and processing of fabrics.
  • Issue Price of Jakharia Fabric IPO is Rs 180 per Equity Shares.

Jakharia Fabric IPO details and IPO Allotment Status:

  1. Company Profile:

  • Company was incorporated on 22 June as private limited at Thane under the Provision of Companies Act, 1956. At the time of incorporation the name of the company was “Jakharia Fabric Private Limited”.
  • Later on the company was converted into public limited on 20 April, 2018.As a result the name of the company was also changed to “Jakharia Fabric Limited”.
  • Jakharia Fabric Limited is doing dyeing and processing of fabrics.
  • Jakharia Fabric Limited is doing Job work basis for other textile companies. Company takes the job from the clients and does dyes and finishing-on fabrics as per the client requirements.
  • Jakharia Fabric Limited manufacturers and process fabrics suitable for shirtings.
  • Jakharia Fabric setting up processing facility and even partnering with the other firm to carry a business of spinning, weaving, winding, knitting, scouring, sizing, dying, printing, coloring and fininshing in processing or manufacturing for cotton, wool, synthetics. linen and more textile products.
  • Jakharia Fabric Limited has set-up two (2) processing units located at
  • MIDC Area of Saravali, Bhiwandi in Maharashtra
  • MIDC Area of Tarapur, Bhiwandi in Maharashtra. The plant has the facilities for dyeing and processing wide range of fabrics.
  • Jakharia Fabric Limited is having 319 employees on its payroll as of March 31, 2018.
  • Jakharia Fabric Limited is Thane,
  1. Objective of the Jakharia Fabric IPO:

There are three objective of the Jakharia Fabric IPO. They are

  • Part finances the setting up of processing unit through M/s. Jakharia Industries at Tarapur, MIDC.
  • Funding Expenditure for General Corporate Purposes.
  • Listing of company Equity Shares on the SME Exchange, would provide liquidity to shareholders, enhance our visibility and better brand name.
  1. Issue Details of Jakharia Fabric IPO:

  • Issue Open: Jun 29, 2018
  • Issue Close: Jul 3, 2018
  • Issue Type: Fixed Price Issue IPO
  • Issue Size:1,092,000 Equity Shares of Rs 10 aggregating up to Rs 19.66 Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 180 Per Equity Share
  • Market Lot: 800 Shares
  • Minimum Order Quantity: 800 Shares
  • Listing At: NSE SME
  1. Financial Summary of Jakharia Fabric Limited:

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets5,843.805,954.175,044.234,468.053,884.99
Total Revenue7,702.847,723.498,917.257,582.724,787.43
Profit After Tax338.82446.17432.86356.6680.94

 

  1. Utilization of Fund:

Sr.No.ParticularsAmount(in lakhs)
1.Part finance the setting up of processing unit through M/s. Jakharia Industries at Tarapur, MIDC.1,810.00
2.Expenditure for General Corporate Purposes*
Total*
  1. Jakharia Fabric IPO Prospectus:

DRHP

  1. Promoters of the Company:

Company is having three promoters. They are

  • Jignesh Shah
  • Nitin Shah
  • Dixit Shah

Some of the Promoter Group entities, as mentioned below, have been undertaking business similar to the company and this may result in potential conflicts of interest with the Company in the future-
• M/s. Dixit Processors
• M/s. Jakharia Industries
• Jakharia Synthetics Private Limited

  1. Corporate Identification number(CIN) of the Company:

U17200MH2007PLC171939

  1. Strength of the Company:

  • Well experienced management team with proven project management and implementation skills
  • Low labour cost
  • Quality Assurance
  • Product mix
  • Cost effective production and timely fulfilment of orders
  1. Strategies of the Company:

  • Diversifying and increasing penetration in market
  • Expand our global footprint
  • Optimal Utilization of Resources
  • High productivity / Operational Excellence
  • Investment in M/s Jakharia Industries
  1. Registered address of the Company:

Office No. 1224, Deoji Nagar, Narpoli Village,

Bhiwandi, Thane– 421 302, Maharashtra;

  1. Official Website of Jakharia Fabric Limited :

http://www.jakhariafabric.com/

  1. IPO allotment status of Jakharia Fabric Limited IPO :

To check the IPO Allotment status of Jakharia Fabric IPO click @ IPO Allotment Status

  1. Lead Manager to the Issue:

ARYAMAN FINANCIAL SERVICES LIMITED 60,

Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort,

Mumbai – 400 001

Tel No.: +91 – 22 – 6216 6999 Fax No.: +91 – 22 – 2263 0434

Email: ipo@afsl.co.in Website: www.afsl.co.in

 Investor Grievance Email: feedback@afsl.co.in

Contact Person: Ms. Hiral Motani / Mr. Vatsal Ganatra;

SEBI Registration No.: INM000011344

  1. Registrar to the Jakharia Fabric Limited IPO :

BIGSHARE SERVICES PRIVATE LIMITED 1st Floor,

Bharat Tin Works Building, Opp. Vasant Oasis,

Makwana Road, Marol, Andheri East, Mumbai – 400 059

Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299;

Email: ipo@bigshareonline.com; Website: www.bigshareonline.com

 Investor Grievance Email: investor@bigshareonline.com;

Contact Person: Mr. Nilesh Chalke SEBI Registration No.: INR000001385

Visit Sharpcareerfinancialupates to get latest updates on Upcoming IPO 2018.

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