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
| 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) |
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 |
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 |
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 |
| 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 |
|
|
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/
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 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.
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 800 Shares.
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.
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