Jakharia Fabric Limited IPO (Jakharia Fabric IPO) Detail

Jun 29, 2018 - Jul 3, 2018

Incorporated in 2007, Maharashtra based Jakharia Fabric Limited is a company engaged in the business of dyeing and processing of fabrics on job work basis for other textile
companies as well as for own manufacturing product lines. The Company procures Grey Fabric from the market and further dyes and finishes the same as per the client's requirements on the basis of the quality of the fabric, sizing requirements etc. It also outsources certain processes like the weaving of the fabric and printing as per the demand of the customers based on the quality required. The Company manufactures and processes the fabric especially suitable for Shirtings.

Jakharia Fabric is in process of setting up an additional processing facility at Plot No. J1/1, MIDC Tarapur Industrial Area, Boisar, Palghar - 401 506. This facility is being set up through M/s Jakharia Industries, which is a Partnership Firm, wherein the Company is a partner. The Partnership firm intends to carry on the business of preparing spinning doubling texturing weaving, winding, knitting, scouring, sizing, bleaching, coloring, dying, printing and finishing and processing working or manufacturing in any way whatsoever of cotton, linen, wool synthetics and various other textile products.

The Company has set-up two (2) processing units located at MIDC Area of Saravali, Bhiwandi in Maharashtra and MIDC Area of Tarapur, Bhiwandi in Maharashtra. The plant has the facilities for dyeing and processing wide range of fabrics.

As of March 31, 2018, the company has 319 employees on its payroll.

Company Promoters:

The promoters of the company are Jignesh Shah, Nitin Shah, and 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

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,843.80	5,954.17	5,044.23	4,468.05	3,884.99
Total Revenue	7,702.84	7,723.49	8,917.25	7,582.72	4,787.43
Profit After Tax	338.82	446.17	432.86	356.66	80.94

Objects of the Issue:

The objectives of the Issue are:

1. Part finance the setting up of processing unit through M/s. Jakharia Industries at Tarapur, MIDC.
2. Funding Expenditure for General Corporate Purposes

Jakharia Fabric IPO Details

Issue Open	Jun 29, 2018 - Jul 3, 2018
Issue Type	Fixed Price Issue IPO
Issue Size	1,092,000 Eq 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
Min Order Quantity	800 Shares
Listing At	NSE SME

Jakharia Fabric IPO Tentative Date / Timetable

Bid/Offer Opens On	Jun 29, 2018
Bid/Offer Closes On	Jul 3, 2018
Finalisation of Basis of Allotment	Jul 6, 2018
Initiation of Refunds	Jul 9, 2018
Credit of Shares to Demat Acct:	Jul 10, 2018
IPO Shares Listing Date:	Jul 11, 2018

Jakharia Fabric IPO Subscription Status (Bidding Detail)

Jakharia Fabric IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Others	Total
Shares Offered	516,000	516,000	60,000	1,092,000
Jul 3, 2018 17:00	1.82x	0.60x	1.00x	1.21x

Jakharia Fabric IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Jakharia Fabric IPO Rating

3.1

Rating:

Vote Here ...

Jakharia Fabric IPO Listing Date

› Listing Date: Wednesday, July 11, 2018
› BSE Script Code:
› NSE Symbol: JAKHARIA
› Listing In:
› ISIN: INE00N401018
› Issue Price: Rs 180 Per Equity Share
› Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

	NSE SME
Issue Price:	Rs 180.00
Open:	Rs 181.35
Low:	Rs 180.75
High:	Rs 182.45
Last Trade:	Rs 181.50
Volume:	73,600

Jakharia Fabric IPO Reviews / Ratings

Dilip Davda - Avoid

Company Contact Information

Jakharia Fabric Limited
Office No. 1224, Deoji Nagar
Narpoli Village, Bhiwandi,
Thane- 421 302

Phone: +91-25- 2227 8892
Email: info@jakhariafabric.com
Website: http://www.jakhariafabric.com/

Jakharia Fabric IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Jakharia Fabric IPO Lead Manager(s)

Aryaman Financial Services limited

Lead Manager Reports

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Useful Articles

Jakharia Fabric IPO Review / Comments

10. DownriteVJ Jul 3, 2018 12:32

1 |

IPO Guru (1100+ Posts, 1000+ Likes)

Retail 0.28X
Overall 0.99X

9. NEMI CHAND AJMERA Jul 3, 2018 08:12

1 |

Jakharia is a complete avoid Ipo. It's asking price is @29 pe which is very much expensive. Someone relate this with SKS TEXTILES. SKS had come 13.50 cr ipo in Jan 18@150. Presently available at rs 38 nearly 1/4 th price of ipo. SKS yearly sales are 163 cr and net profit is 1.96cr which Eps is 6.01 and available at 6.50 pe. Company is bombay based textile sector brand products are LYCRA, PIERRICARRLO, COTBBELLY etc. It's also tie up with brand name Raymond, Arvind, Siyaram and Digjam for finishing their products. So in my opinion it is better to go with SKS rather than Jakharia. At that time SKS was subscribed by nearly 15 times and brokerage house Imperative Investment house recommended it to subscribe.

8. IPOANALYSIS Jul 2, 2018 19:07

sam story of WAA solar to be repeated.

HNI paid huge cash to subscribe this issue at higher price. they would sell this n listing day
whatever shares will be left which is 50% to retailers and these will get stuck up and never be able to sell them

7. AKMP Jul 2, 2018 15:19

1 |

Bigger than mount Everest avoid

6. khushbir singh Jul 2, 2018 12:15

2 |

Not even think in dreams to apply in this issue, clearly AVOID.

5. IPOANALYSIS Jun 29, 2018 19:13

1 |

U never know. What if they have asked broker to apply and paid then in cash fee amount and later they can sell in open market if they want even with loss. I suspect this might be a strategy in no. Of IPO coming through to sail them through. I would say simply stay away .this is to get many retailer to apply as they can cause loss to retailers.

4. DownriteVJ Jun 27, 2018 12:49

1 |

IPO Guru (1100+ Posts, 1000+ Likes)

WTH.. 180 .. Is this LM crazy?

Load more comments (1 replies)

4.2. DownriteVJ Jun 29, 2018 17:03

IPO Guru (1100+ Posts, 1000+ Likes)

this is getting attention however and rajesh wellness also sailed through.

Retail 0.28X
Overall 0.68X

4.3. DownriteVJ Jun 29, 2018 17:04

IPO Guru (1100+ Posts, 1000+ Likes)

read as "Rajnish"

3. Small Investor Jun 27, 2018 16:54

1 |

IPO Mentor (800+ Posts, 300+ Likes)

i avoid this stock

2. AyushGoel Jun 25, 2018 19:45

2 |

Textile stocks in general r giving losses to investors
Above that such high valuations

1. INVESTIGATOR Jun 22, 2018 18:21

2 |

Top Contributor (200+ Posts, 100+ Likes)

AVOID
Very Expensive
Aryaman's another SKS Textiles

11.1. IPOANALYSIS Jun 22, 2018 21:12

1 |

One of the worst pricing ever seen in recent times.look at guts of LM to come at these prices. It I all thanks to retailers for subscribing these issue.

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