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 Date | Jun 29, 2018 - Jul 3, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 1,092,000 Eq Shares of ₹10 (aggregating up to ₹19.66 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹180 Per Equity Share |
| Market 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 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹144,000 |
| Maximum | 1 | 800 | ₹144,000 |
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 |
| 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 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.
The Jakharia Fabric IPO opens on Jun 29, 2018 and closes on Jul 3, 2018.
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.
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.
Jakharia Fabric IPO lot size is 800 Shares and the minimum order quantity is 800 Shares.
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