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Artedz Fabs IPO is a book built issue of Rs 8.32 crores.
Artedz Fabs IPO bidding started from March 18, 2019 and ended on March 20, 2019. The allotment for Artedz Fabs IPO was finalized on Tuesday, March 26, 2019. The shares got listed on NSE SME on March 29, 2019.
Artedz Fabs IPO price band is set at ₹34 to ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Artedz Fabs IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Artedz Fabs IPO RHP for detailed information.
| IPO Date | March 18, 2019 to March 20, 2019 |
| Listing Date | March 29, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹34 to ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,310,000 shares (aggregating up to ₹8.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 120,000 shares |
Artedz Fabs IPO offers 2,310,000 shares. 1,095,000 (47.40%) to NII, 1,095,000 (47.40%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 120,000 (5.19%) |
| NII (HNI) Shares Offered | 1,095,000 (47.40%) |
| Retail Shares Offered | 1,095,000 (47.40%) |
| Total Shares Offered | 2,310,000 (100%) |
Artedz Fabs IPO opens on March 18, 2019, and closes on March 20, 2019.
| IPO Open Date | Monday, March 18, 2019 |
| IPO Close Date | Wednesday, March 20, 2019 |
| Basis of Allotment | Tuesday, March 26, 2019 |
| Initiation of Refunds | Wednesday, March 27, 2019 |
| Credit of Shares to Demat | Thursday, March 28, 2019 |
| Listing Date | Friday, March 29, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 20, 2019 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| Lot Size Calculator | |||
Promoters of the Company are:
1. Kashyap Gambhir
2. Satbinder Singh Gill
| Share Holding Pre Issue | 68.88% |
| Share Holding Post Issue | 50.59% |
Incorporated in 2006, Mumbai based Artedz Fabs Limited is engaged in trading and manufacturing of cotton yarn dyed fabrics for suiting and shirting. With in-house designing team and expertise in grey fabrics, they receive the orders from Indian and international markets as well. It has a major manufacturing unit installed at Bhiwandi, Maharashtra, with a capacity of 21 Lakhs Sq. metre fabrics per annum.
The popular products of the company are cotton fabric, linen fabric, polyester fabric, nylon fabric and blended fabric. Company follow Just-in-time concept for managing its inventory level and cost which means they manufacture its products on the basis of orders received from the customers.
The company is specialised in manufacturing men's clothing for summer and winter. Artedz is planning to expand the operations in women wear as well. The company sell its products to the traders engaged in the textile industry. They further sell the fabric to the units engaged in the manufacturing of apparels.
Following strengths have contributed to the company's success and will continue to be competitive:
� On-Time Delivery
� Experienced team and promoters
� Unique in-house design
� Long-maintained customer relations
| Particulars | For the year/period ended (in Rs. lakhs) | ||||||
|---|---|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 7,408.60 | 6,148.14 | 4,425.21 | 3,645.31 | 3,911.65 | 2,913.91 | |
| Total Revenue | 3,663.49 | 6,433.90 | 5,310.81 | 3,877.97 | 3,097.82 | 2,652.05 | |
| Profit After Tax | 254.25 | 351.85 | 178.87 | (35.55) | (77.08) | (44.86) | |
The Objects of the Issue are:
1. Funding the Working Capital requirements of the Company;
2. General Corporate Purposes
[Dilip Davda] Although the textile sector is currently having low fancy and recent few high P/E issues have burnt pockets of investors, this reasonably priced issue may be considered for long term investment. Read detail review...
The Artedz Fabs IPO is subscribed 1.54 times on March 20, 2019 5:00:00 PM. The public issue subscribed 1.78 times in the retail category, times in the QIB category, and 1.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.31 |
| Retail | 1.78 |
| Total | 1.54 |
| Listing Date | March 29, 2019 |
| BSE Script Code | |
| NSE Symbol | ARTEDZ |
| ISIN | INE00CO01016 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹36.00 |
| ₹40.00 |
| ₹39.00 |
| ₹42.00 |
| ₹41.65 |
Artedz Fabs Limited
206, Gambhir Industrial Estate,
Opp. Paramount Print, Off Aarey Road
Goregaon (East), Mumbai - 400063
Phone: +91 022 29276278
Email: investors@artedzfabs.com
Website: http://www.artedzfabs.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Artedz Fabs IPO is a SME IPO of 2,310,000 equity shares of the face value of ₹10 aggregating up to ₹8.32 Crores. The issue is priced at ₹34 to ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on March 18, 2019, and closes on March 20, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Artedz Fabs IPO opens on March 18, 2019 and closes on March 20, 2019.
Artedz Fabs IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in Artedz Fabs IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Artedz Fabs IPO will be done on Tuesday, March 26, 2019, and the allotted shares will be credited to your demat account by Thursday, March 28, 2019. Check the Artedz Fabs IPO allotment status.
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