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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 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

IPO DateJun 29, 2018 - Jul 3, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,092,000 Eq Shares of ₹10
(aggregating up to ₹19.66 Cr)
Face Value₹10 Per Equity Share
IPO Price₹180 Per Equity Share
Market Lot800 Shares
Min Order Quantity800 Shares
Listing AtNSE SME

Jakharia Fabric IPO Tentative Date / Timetable

Bid/Offer Opens OnJun 29, 2018
Bid/Offer Closes OnJul 3, 2018
Finalisation of Basis of AllotmentJul 6, 2018
Initiation of RefundsJul 9, 2018
Credit of Shares to Demat AcctJul 10, 2018
IPO Shares Listing DateJul 11, 2018

Jakharia Fabric IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1800₹144,000
Maximum1800₹144,000

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

Jakharia Fabric IPO Rating

29
3.1
Rating:Rated 3.1 stars

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Jakharia Fabric IPO Listing Date

Listing DateWednesday, July 11, 2018
BSE Script Code
NSE SymbolJAKHARIA
Listing In
ISININE00N401018
IPO Price₹180 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹180.00
Open:₹181.35
Low:₹180.75
High:₹182.45
Last Trade:₹181.50
Volume:73,600

Jakharia Fabric IPO Reviews / Ratings

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 FAQs

  1. 1. What is Jakharia Fabric IPO?

    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 price of the IPO is ₹180 Per Equity Share. The minimum order quantity is 800 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Jakharia Fabric IPO will open?

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

  3. 3. How to apply for Jakharia Fabric IPO?

    Jakharia Fabric IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Jakharia Fabric IPO allotment?

    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.

  5. 5. When is Jakharia Fabric IPO listing date?

    The Jakharia Fabric IPO listing date is on Wednesday, July 11, 2018, at NSE SME.
  6. 6. What is the lot size of Jakharia Fabric IPO?

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

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Jakharia Fabric IPO Review / Comments

DownriteVJ
10. DownriteVJ  Jul 3, 2018 13:32
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Retail      0.28X
Overall      0.99X
NEMI CHAND AJMERA
9. NEMI CHAND AJMERA  Jul 3, 2018 09:12
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.
IPOANALYSIS
8. IPOANALYSIS  Jul 2, 2018 20:07
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
AKMP
7. AKMP  Jul 2, 2018 16:19
Bigger than mount Everest avoid
khushbir singh
6. khushbir singh  Jul 2, 2018 13:15
Not even think in dreams to apply in this issue, clearly AVOID.
IPOANALYSIS
5. IPOANALYSIS  Jun 29, 2018 20:13
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.
DownriteVJ
4. DownriteVJ  Jun 27, 2018 13:49
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
WTH.. 180 .. Is this LM crazy?
DownriteVJ
4.2. DownriteVJ  Jun 29, 2018 18:03
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
this is getting attention however and rajesh wellness also sailed through.

Retail 0.28X
Overall 0.68X
DownriteVJ
4.3. DownriteVJ  Jun 29, 2018 18:04
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
read as "Rajnish"
Small Investor
3. Small Investor  Jun 27, 2018 17:54
IPO Guru IPO Guru (1300+ Posts, 600+ Likes)
i avoid this stock
AyushGoel
2. AyushGoel  Jun 25, 2018 20:45
Textile stocks in general r giving losses to investors
Above that such high valuations
INVESTIGATOR
1. INVESTIGATOR  Jun 22, 2018 19:21
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
AVOID
Very Expensive
Aryaman's another SKS Textiles
IPOANALYSIS
11.1. IPOANALYSIS  Jun 22, 2018 22:12
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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