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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 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

Jakharia Fabric IPO Date Jun 29, 2018 to Jul 3, 2018
Jakharia Fabric IPO Face Value ₹10 per share
Jakharia Fabric IPO Price ₹180 per share
Jakharia Fabric IPO Lot Size 800 Shares
Issue Size1,092,000 shares of ₹10
(aggregating up to ₹19.66 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
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

Jakharia Fabric IPO Timeline (Tentative Timetable)

Jakharia Fabric IPO opens on Jun 29, 2018, and closes on Jul 3, 2018. The Jakharia Fabric IPO bid date is from Jun 29, 2018 10.00 A.M. to Jul 3, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Jakharia Fabric IPO Opening Date Jun 29, 2018
Jakharia Fabric IPO Closing Date Jul 3, 2018
Basis of Allotment Jul 6, 2018
Initiation of Refunds Jul 9, 2018
Credit of Shares to Demat Jul 10, 2018
Jakharia Fabric IPO Listing Date Jul 11, 2018

Jakharia Fabric IPO Lot Size

The Jakharia Fabric IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹144,000).

Application Lots Shares Amount
Minimum 1 800 ₹144,000
Maximum 1 800 ₹144,000

Jakharia Fabric IPO Review

A fully priced issue from a company having static top line with inconsistent bottom line. Merchant banker has poor track record. There is no harm in giving this issue a miss.

Read detail review...

New Jakharia Fabric IPO Recommendation by Members

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Jakharia Fabric IPO Subscription Status (Bidding Detail)

The Jakharia Fabric IPO is subscribed 1.21 times on Jul 3, 2018 5:00:00 PM. The public issue subscribed 0.60 times in the retail category, times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.82
Retail0.60
Others1.00
Total1.21

Jakharia Fabric IPO Prospectus

Jakharia Fabric IPO Rating

29
3.1
Rating:Rated 3.1 stars
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Jakharia Fabric IPO Listing Date

Listing Date Wednesday, July 11, 2018
BSE Script Code
NSE Symbol JAKHARIA
Listing In
ISIN INE00N401018
IPO Price ₹180 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹180.00
Open: ₹181.35
Low: ₹180.75
High: ₹182.45
Last Trade: ₹181.50

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

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

Jakharia Fabric IPO Reviews / Ratings

Jakharia Fabric IPO FAQs

Jakharia Fabric IPO is a SME IPO of 1,092,000 equity shares of the face value of ₹10 aggregating up to ₹19.66 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800 Shares.

The IPO opens on Jun 29, 2018, and closes on Jul 3, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Jakharia Fabric IPO opens on Jun 29, 2018 and closes on Jul 3, 2018.

Jakharia Fabric IPO lot size is 800 Shares and the minimum order quantity is .

You can apply in Jakharia Fabric 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Jakharia Fabric IPO will be done on Jul 6, 2018, and the allotted shares will be credited to your demat account by Jul 10, 2018. Check the Jakharia Fabric IPO allotment status.

The Jakharia Fabric IPO listing date is on Wednesday, July 11, 2018.
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Jakharia Fabric IPO Message Board

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16 Comments

10. DownriteVJ |   Link |Jul 3, 2018 12:32:17 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail      0.28X
Overall      0.99X
9. NEMI CHAND AJMERA |   Link |Jul 3, 2018 8:12:54 AM
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 |   Link |Jul 2, 2018 7:07:06 PM
IPO Guru IPO Guru (2200+ Posts, 1800+ Likes)
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 |   Link |Jul 2, 2018 3:19:49 PM
Bigger than mount Everest avoid
6. khushbir singh |   Link |Jul 2, 2018 12:15:08 PM
Not even think in dreams to apply in this issue, clearly AVOID.
5. IPOANALYSIS |   Link |Jun 29, 2018 7:13:27 PM
IPO Guru IPO Guru (2200+ Posts, 1800+ Likes)
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 |   Link |Jun 27, 2018 12:49:33 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
WTH.. 180 .. Is this LM crazy?
4.2. DownriteVJ |   Link |Jun 29, 2018 5:03:28 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
this is getting attention however and rajesh wellness also sailed through.

Retail 0.28X
Overall 0.68X
4.3. DownriteVJ |   Link |Jun 29, 2018 5:04:51 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
read as "Rajnish"
3. Small Investor |   Link |Jun 27, 2018 4:54:25 PM
IPO Guru IPO Guru (1600+ Posts, 800+ Likes)
i avoid this stock
2. AyushGoel |   Link |Jun 25, 2018 7:45:36 PM
Textile stocks in general r giving losses to investors
Above that such high valuations
1. INVESTIGATOR |   Link |Jun 22, 2018 6:21:31 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
AVOID
Very Expensive
Aryaman's another SKS Textiles
1.1. IPOANALYSIS |   Link |Jun 22, 2018 9:12:52 PM
IPO Guru IPO Guru (2200+ Posts, 1800+ Likes)
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.