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 Opening Date	Jun 29, 2018
IPO Closing Date	Jul 3, 2018
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹180 per equity share
Market Lot	800 Shares
Min Order Quantity	800 Shares
Listing At	NSE SME
Issue Size	1,092,000 Eq Shares of ₹10 (aggregating up to ₹19.66 Cr)

Jakharia Fabric IPO Tentative Timetable

The Jakharia Fabric IPO open date is Jun 29, 2018, and the close date is Jul 3, 2018. The issue may list on Jul 11, 2018.

IPO Open Date	Jun 29, 2018
IPO Close Date	Jul 3, 2018
Basis of Allotment Date	Jul 6, 2018
Initiation of Refunds	Jul 9, 2018
Credit of Shares to Demat Account	Jul 10, 2018
IPO Listing Date	Jul 11, 2018

Jakharia Fabric IPO Lot Size

The Jakharia Fabric IPO market 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 (Cut-off)
Minimum	1	800	₹144,000
Maximum	1	800	₹144,000

Jakharia Fabric IPO Subscription Status (Bidding Detail)

The Jakharia Fabric IPO is subscribed 1.21x times on Jul 3, 2018 17:00. The public issue subscribed 0.60x in the retail category, in the QIB category, and 1.82x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	1.82x
RII	0.60x
Others	1.00x
Total	1.21x

Jakharia Fabric IPO Prospectus

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Jakharia Fabric IPO Rating

3.1

Rating:

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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 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

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

Jakharia Fabric IPO FAQs

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 is priced at ₹180 per equity 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.
When Jakharia Fabric IPO will open?

The Jakharia Fabric IPO opens on Jun 29, 2018 and closes on Jul 3, 2018.
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.
How to apply for Jakharia Fabric IPO?

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.
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.
When is Jakharia Fabric IPO listing date?

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

Jakharia Fabric IPO Message Board

Ranked Members

10. DownriteVJ |Jul 3, 2018 13:32

IPO Guru (1200+ Posts, 1100+ Likes)

Retail 0.28X
Overall 0.99X

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.

8. IPOANALYSIS |Jul 2, 2018 20:07

IPO Guru (1700+ Posts, 1300+ 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 |Jul 2, 2018 16:19

Bigger than mount Everest avoid

6. khushbir singh |Jul 2, 2018 13:15

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

5. IPOANALYSIS |Jun 29, 2018 20:13

IPO Guru (1700+ Posts, 1300+ 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 |Jun 27, 2018 13:49

IPO Guru (1200+ Posts, 1100+ Likes)

WTH.. 180 .. Is this LM crazy?

Load more comments (1 replies)

4.2. DownriteVJ |Jun 29, 2018 18:03

IPO Guru (1200+ Posts, 1100+ Likes)

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

Retail 0.28X
Overall 0.68X

4.3. DownriteVJ |Jun 29, 2018 18:04

IPO Guru (1200+ Posts, 1100+ Likes)

read as "Rajnish"

3. Small Investor |Jun 27, 2018 17:54

IPO Guru (1400+ Posts, 700+ Likes)

i avoid this stock

2. AyushGoel |Jun 25, 2018 20:45

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

1. INVESTIGATOR |Jun 22, 2018 19:21

Top Contributor (200+ Posts, 100+ Likes)

AVOID
Very Expensive
Aryaman's another SKS Textiles

1.1. IPOANALYSIS |Jun 22, 2018 22:12

IPO Guru (1700+ Posts, 1300+ 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.

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