Jash Engineering Limited IPO (Jash Engineering IPO) Detail

Sep 28, 2017 - Oct 3, 2017

Jash Engineering Ltd is Gwalior, MP based company is engaged in manufacturing of wide range of products used in water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, water transmission lines, power, steel, cement, paper & pulp, petrochemicals, chemical, fertilizers and other process plants.

Company design, develop and market products like water control gates, flap valves, knife gates valves, energy dissipating valves, water hammer control valves, fine and coarse screens, screening conveying equipment, screening washing and compaction equipment, industrial valves for bulk solids handling, hydro power screw generator, screw pump and process equipment like detritors, clarifiers, clariflocculators, thickeners, decanters aerators, trickling filters, dissolved air flotation (DAF) units, rotary drum slackers, rake classifiers, pressure sand filters, etc. for water, water waste and effluent treatment plants.

Jash Engineering Design, Casting, Fabrication, and Assembly & Test all products it manufacture. Company caters to the domestic as well as international markets. Jash Engineering has 500 employees.

Company Promoters:

The promoters of the company are:

1. Mr. Laxminandan Amin
2. Mr. Pratik Patel
3. Ms. Bhairavi Patel
4. Mr. Harsh Patel

Objects of the Issue:

The object of the issue are:

1. To meet working capital requirement of the Company which include Expansion of Manufacturing facilities at Unit III and set up a new manufacturing plant in SEZ Pithampur;
2. Fund required for exit of Pragati Fund India Limited including OFS and Pre IPO placement;
3. To meet the Offer Expenses.

Jash Engineering IPO Details

IPO Opening DateSep 28, 2017
IPO Closing DateOct 3, 2017
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹115 to ₹120 per equity share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtNSE SME
Issue Size4,000,800 Eq Shares of ₹10
(aggregating up to ₹48.01 Cr)

Jash Engineering IPO Lot Size

The Jash Engineering IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹144,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum11200₹144,000
Maximum11200₹144,000

Jash Engineering IPO Subscription Status (Bidding Detail)

The Jash Engineering IPO is subscribed times on Sep 29, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
Total

Jash Engineering IPO Prospectus

Jash Engineering IPO Rating

70
4.1
Rating:Rated 4.1 stars

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Jash Engineering IPO Listing Date

Listing DateWednesday, October 11, 2017
BSE Script Code
NSE SymbolJASH
Listing In
ISININE039O01011
IPO Price₹120 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:₹120.00
Open:₹144.00
Low:₹143.80
High:₹144.00
Last Trade:₹144.00
Volume:232,800

Jash Engineering IPO Reviews / Ratings

Company Contact Information

Jash Engineering Limited
31, Sector-C, Sanwer Road
Industrial Area,
Indore 452015

Phone: +91-731-6732700
Email: info@jashindia.com
Website: http://www.jashindia.com

Jash Engineering IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: jash.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Jash Engineering IPO FAQs

  1. What is Jash Engineering IPO?

    Jash Engineering IPO is a SME IPO of 4,000,800 equity shares of the face value of ₹10 aggregating up to ₹48.01 Crores. The issue is priced at ₹115 to ₹120 per equity share. The minimum order quantity is 1200 Shares.

    The IPO opens on Sep 28, 2017, and closes on Oct 3, 2017.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. When Jash Engineering IPO will open?

    The Jash Engineering IPO opens on Sep 28, 2017 and closes on Oct 3, 2017.

  3. What is the lot size of Jash Engineering IPO?

    Jash Engineering IPO lot size is 1200 Shares and the minimum order quantity is 1200 Shares.

  4. How to apply for Jash Engineering IPO?

    You can apply in Jash Engineering 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.

  5. When Jash Engineering IPO allotment?

    The finalization of Basis of Allotment for Jash Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jash Engineering IPO allotment status.

  6. When is Jash Engineering IPO listing date?

    The Jash Engineering IPO listing date is on Wednesday, October 11, 2017.

Jash Engineering IPO Message Board

Ranked Members  Ranked Members

Loading...
36. Ficpl |Oct 12, 2017 11:33
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Sold my one lot @ 160 today.

Good profit before Diwali.

Happy Diwali in advance.
35. AKMP |Oct 11, 2017 19:49
Sundaram MF purchased 108000 shares at 144 today
Hold this gem
35.5. nitindeals |Oct 11, 2017 21:34
wow learning so much in last few days , thank you
35.6. nitindeals |Oct 11, 2017 21:34
wow learning so much in last few days , thank you
34. HARI IPO |Oct 11, 2017 10:52
Respected FICPL, Hardik Shah Jain, I am also interested to apply in JASH only one application latter seeing high price I applied in Reliable data services seeing subscription not fundamental I am also interested in CMM Infra as both Jash and CMM Infra have good fundamental and good allotment chances. What has happened forget that. Please advise in case of D.P.Abhushan sme closing today as its fundamental are also good. Please comment
34.1. Ficpl |Oct 11, 2017 12:15
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
You can apply for D P abhusan for the listing gain only.

Minimum 1 UC and Max 2 UC can be possible.

After second UC it can move further but If I get allottment than I will exit at second UC.
33. STOCKT |Oct 11, 2017 11:26
SYSTEMATIX CAME WITH BOTH GOOD ISSUE
CMM INFRAPROJECTS LISTING TOMORROW MAY ALSO HIT MULTIPLE UPPER CIRCUIT
32. Ficpl |Oct 11, 2017 10:24
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
Wait for second day UC.

Don''t sell. DSP black rock . Sundaram mutual fund are now investor in this company.
31. AGARWAL RAJESH |Oct 11, 2017 10:18
1st day UC done.
30. AKMP |Oct 11, 2017 07:53
It is hidden gem. Don''t sell in hurry. Lot of venture capital funds have been allotted shares.( Look at Share holding pattern given with listing circular)
Target 200+ in 1 year
30.2. AKMP |Oct 11, 2017 08:16
https://www.nseindia.com/emerge/circulars.htm
30.3. nitindeals |Oct 11, 2017 09:09
Thank you for prompt response.
29. Dubai ipo |Oct 10, 2017 20:56
listing price 140...
29.1. Subh Mani |Oct 10, 2017 23:09
144.. 20% upper Circuit
28. HARDIK SHAH JAIN |Oct 10, 2017 20:05
Listing is tomorrow. Those who alloted dont sell lot before it make 150. One UC for sure.. will see at 150-160 at the end of week.. can also see 200 level before 2018.
27. Pratik Bhatt |Oct 10, 2017 19:09
Excellent fundamental
Look at RKEC like this ome will also have 2-3 UC dont sell a single share before 200

Long term target 300 in 1 year time
Huge subscription from HNI and qib
Retailers were less aware so alottees be happy and enjoy the ride from tomorrow

PS 1/2 ALLOTED
26. Subh Mani |Oct 10, 2017 18:55
Good company.. will open with 20,% upper Circuit... 2nd Upper Circuit also will be there.. fair value 180
25. KnowledgeSeeker |Oct 9, 2017 23:37
I got one lot and want to trasfer my shs from icici dmat to another where i can trade it from. However the alloted shares are yet to be credited. Does anyone has any idea as to when the credit can happen to dmat?
24. CHOCKALINGAM |Oct 9, 2017 21:38
JASH ENGG. Allotment out. Got 2/3
23. Pratik Bhatt |Oct 7, 2017 18:08
When is the listing?
23.1. AGARWAL RAJESH |Oct 8, 2017 20:49
Listing on 11th
22. nitindeals |Oct 8, 2017 15:05
Thanks Rajesh . Banks and insurance companies are already defined in the 1 (b) as below :

1      Qualified Institutional Buyers(QIBs)      
1(a)      Foreign Institutional Investors(FIIs)      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      
1(c)      Mutual funds      
1(d)      Others
22.1. AGARWAL RAJESH |Oct 8, 2017 16:19
You are right.

May be below could help ( from the website of ministry of corporate affairs)

QIBs are those institutional investors who are perceived to possess expertise and the financial strength to evaluate and invest in the capital markets. A QIB is defined by SEBI as:


(i) a mutual fund, venture capital fund, Alternative Investment Fund and foreign venture capital investor registered with SEBI;

(ii) a foreign institutional investor and sub-account (other than a sub-account which is a foreign corporate or foreign individual), registered with SEBI;

(iii) a public financial institution as defined in section 4A of the Companies Act, 1956;

(iv) a scheduled commercial bank;

(v) a multilateral and bilateral development financial institution;

(vi) a state industrial development corporation;

(vii) an insurance company registered with the Insurance Regulatory and Development Authority;

(viii)a provident fund with minimum corpus of twenty five crore rupees;

(ix) a pension fund with minimum corpus of twenty five crore rupees;

(x) National Investment Fund set up by resolution no. F. No. 2/3/2005-DDII dated November 23, 2005 of the Government of India published in the Gazette of India; (xi) insurance funds set up and managed by army, navy or air force of the Union of India;

(xii) insurance funds set up and managed by the Department of Posts, India;

These entities are not required to be registered with SEBI as QIBs. Any entities falling under the categories specified above are considered as QIBs for the purpose of participating in primary issuance process.
22.2. nitindeals |Oct 8, 2017 16:27
Wow, I think that covers every aspect , big thanks ! Wanted to be sure as lots of hard earned money is riding on :)
21. nitindeals |Oct 8, 2017 14:35
Could anyone please guide what is "Others" in QIB ? I tried looking into NSE site but couldn''t get the answer.
21.1. AGARWAL RAJESH |Oct 8, 2017 14:53
I think others category in QIB could be Banks and NBFCs (investment and insurance companies).
20. lakshya agg |Oct 8, 2017 14:24
0/2 :(
19. HARDIK SHAH JAIN |Oct 8, 2017 10:55
I applied 4. Alloted 4. Little bit surprised & worried. As per bid 2 times subscription in retail category. But might be some have bid on lower band. So they have alloted those who have bid on the cutoff price.. overall very well managed compnay. Almost oligopoly market sharing.. very niche segment.. Experience management.. ebidta & net margin mainatained very well... export figures seems to be great.. overall deserve at least one uc on listing day. Long term target 180-200. ( 3-4 months) Short term target 150-160. ( 10 days.)
18. NEMI CHAND AJMERA |Oct 7, 2017 23:28
I got nothing 0/4
18.1. Ficpl |Oct 7, 2017 23:32
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
R U sure ?

I think you have done it in HNI right ?
17. GreeDisGood |Oct 7, 2017 19:23
0/1 :(







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