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.
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
| 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 | |
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
| 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 |
| 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 |
No. of Times Issue Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
As on Date & Time | |||||||
Shares Offered | 516,000 | 516,000 | 60,000 | 1,092,000 | |||
Jul 3, 2018 17:00 | 1.82x | 0.60x | 1.00x | 1.21x | |||
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Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai - 400 072
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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