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Jinaams Dress Limited IPO (Jinaam's Dress Limited IPO) Detail

Apr 9, 2019 - Apr 15, 2019

Incorporated in 2011, Gujarat based Jinaam's Dress Limited is a manufacturer, distributor and supplier of Indian fusion and ethnic apparels for women. Company's product includes women's clothing such as kurti, dupatta, sarees, lehenga-choli, and scarfs made of satin, georgette, crepe, chiffon, velvet, polyester, cotton, silk, and wool. They also provide dying, printing, embroidery, cutting, stitching, sewing, finishing, inspection, and packing services.

They have a presence across 19 states and 4 union territories in the country. They operate a retail store for women's apparel located at The Gateway Hotel, Surat, Gujarat. They also tied-up with Mandola e-Trade Pvt Ltd to use its e-commerce platform for online marketing and selling women apparels. They have a manufacturing unit producing 5,00,000 meters/month capacity for apparel material. Based on current market trends they have introduced around 134 product catalogues each of which comprises an average of around 8-10 designs during FY 2017-18.

The company has a brand portfolio which includes FORMM, TIARAA, ZAREEN, ASMIRA, ROMA, BAHNI, HEROINE, FLORAL CREATION and JINAAM. The company also exports fabrics to different countries namely Nepal, UK, Afghanistan, Mauritius, and Dubai through international dealers and merchants.

The competitive strengths of the company are:

1. Innovative product designs
2. Diversified Product Portfolio
3. In-house Manufacturing facility

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Nov-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 14,979.73 14,079.68 10,353.41 11,403.83
Total Revenue 9,510.54 15,289.06 13,438.32 13,631.96
Profit After Tax 416.99 782.11 287.54 213.57

Objects of the Issue

The objects of the Issue are as stated below:

1) Purchase of Machineries
2) Augmenting the long term working capital requirements of the Company
3) Repayment of certain debt facilities availed by the Company
4) General corporate purposes
5) To meet the Issue related expenses

Jinaam's Dress Limited IPO Details

Jinaam's Dress Limited IPO Date Apr 9, 2019 to Apr 15, 2019
Jinaam's Dress Limited IPO Face Value ₹10 per share
Jinaam's Dress Limited IPO Price ₹59 per share
Jinaam's Dress Limited IPO Lot Size 2000 Shares
Issue Size7,200,000 shares of ₹10
(aggregating up to ₹42.48 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Company Promoters are:
1. Rahul Hemraj Oswal
2. Vishal Hemraj Oswal
3. Pritam Hemraj Oswal

Jinaam's Dress Limited IPO Timeline (Tentative Timetable)

Jinaam's Dress Limited IPO opens on Apr 9, 2019, and closes on Apr 15, 2019. The Jinaam's Dress Limited IPO bid date is from Apr 9, 2019 10.00 A.M. to Apr 15, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Jinaam's Dress Limited IPO Opening Date Apr 9, 2019
Jinaam's Dress Limited IPO Closing Date Apr 15, 2019
Basis of Allotment Apr 22, 2019
Initiation of Refunds Apr 23, 2019
Credit of Shares to Demat Apr 24, 2019
Jinaam's Dress Limited IPO Listing Date Apr 25, 2019

Jinaam's Dress Limited IPO Lot Size

The Jinaam's Dress Limited IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹118,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹118,000
Retail (Max) 1 2000 ₹118,000

Jinaam's Dress Limited IPO Promoter Holding

Pre Issue Share Holding 88.18%
Post Issue Share Holding 59.69%

Jinaam's Dress Limited IPO Review

The sudden spurt in bottom lines forFY18 raises concern. The company did placement of shares at Rs. 70 per share with a group of investors ahead of IPO. Based on valuation parameters, the issue appears fully priced. However, JDL is working on an in-house process module that might lead to better margins going forward. Currently, the textile segment is not favoured by investors for investments.  Considering all these, investors may consider an investment for the long term.

Read detail review...


Jinaam's Dress Limited IPO Subscription Status (Bidding Detail)

The Jinaam's Dress Limited IPO is subscribed 1.21 times on Apr 15, 2019 6:49:02 PM. The public issue subscribed 1.08 times in the retail category, times in the QIB category, and 1.34 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.34
Retail1.08
Total1.21

Jinaam's Dress Limited IPO Prospectus

Jinaam's Dress Limited IPO Rating

75
2.9
Rating:Rated 2.9 stars
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Jinaam's Dress Limited IPO Listing Date

Listing Date Thursday, April 25, 2019
BSE Script Code 542653
NSE Symbol
Listing In MT Group of Securities
ISIN INE011201014
IPO Price ₹59 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹59.00
₹59.00
₹56.05
₹59.00
₹56.10

Company Contact Information

Jinaams Dress Limited
Plot No. 524,
Road No. 5, GIDC,
Sachin, Surat 394 230,
Phone: 0261-2398505
Email: cs@jinaamdresses.com
Website: http://www.jinaam.com/

Jinaam's Dress Limited IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Jinaam's Dress Limited IPO Review

Jinaam's Dress Limited IPO Recommendation Summary

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Members 0 0 0

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Jinaam's Dress Limited IPO FAQs

Jinaam's Dress Limited IPO is a SME IPO of 7,200,000 equity shares of the face value of ₹10 aggregating up to ₹42.48 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Apr 9, 2019, and closes on Apr 15, 2019.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Jinaam's Dress Limited IPO opens on Apr 9, 2019 and closes on Apr 15, 2019.

Jinaam's Dress Limited IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Jinaam's Dress Limited 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 Jinaam's Dress Limited IPO will be done on Apr 22, 2019, and the allotted shares will be credited to your demat account by Apr 24, 2019. Check the Jinaam's Dress Limited IPO allotment status.

The Jinaam's Dress Limited IPO listing date is on Thursday, April 25, 2019.
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Jinaam's Dress Limited IPO Message Board

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78 Comments

44. Priyansh Agrawal |   Link |Apr 26, 2019 4:52:02 PM
Dear R. D. S. Book lose sold 57.5
44.1. Small Investor |   Link |May 21, 2019 5:11:45 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Now 36 and i want buy this stock at this price
43. Small Investors |   Link |Apr 26, 2019 1:33:44 PM
Dear Admin
please Upload Basis of Allotment of Jinaam Dress
42. RAJAKUMAR |   Link |Apr 26, 2019 10:02:42 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Members
Skip all sme ipo which is hni subscribed 2 times to issue sail through.
Wait for Pantamoth LM
If Hni subscribes more than 4 or 5 times then we consider to apply.
41. Aniketiaf |   Link |Apr 25, 2019 10:57:35 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Booked loss.
41.1. Small Investors |   Link |Apr 25, 2019 12:19:48 PM
Down side countdown now stared only one hope is Operator & LM handle this stock
40. RAJAKUMAR |   Link |Apr 25, 2019 10:04:26 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Dinesh, Small,Priyansh
Sold at 59
40.1. Dinesh Singh |   Link |Apr 25, 2019 10:15:33 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
I also sold 1 lot at 59.
Will never apply again in SME IPO other than Pantomath.
Lern lesson today.
40.2. Small Investors |   Link |Apr 25, 2019 10:54:18 AM
i already told that is a big issue so selling pressure will come
sold @ 59 early morning and now safe
now i thinking buy a lot of Northeen Sprits near 30
39. Small Investors |   Link |Apr 25, 2019 9:45:14 AM
Sold signal lot @ 59
38. Mohammedhasan |   Link |Apr 24, 2019 5:06:17 PM
Any idea abt the listing price
38.1. VickyMehta |   Link |Apr 24, 2019 8:50:13 PM
WIll list between 65 and 70
37. Dinesh Singh |   Link |Apr 24, 2019 4:48:23 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Best of luck for tomorrow listing.
36. Priyansh Agrawal |   Link |Apr 23, 2019 11:17:33 AM
Dear Rajkumar, Dinesh, small invester allotment out I got 1/1
36.1. Dinesh Singh |   Link |Apr 23, 2019 11:21:08 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
I also got 1/1
Let's wait for listing on 25/04/19.
36.2. Small Investor |   Link |Apr 23, 2019 8:20:29 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Got 1 listing will at par ?
35. Dinesh Singh |   Link |Apr 22, 2019 10:04:04 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Allotment will be out today.
34. Priyansh Agrawal |   Link |Apr 17, 2019 4:26:35 PM
Dear small invester, Dinesh raja any views about gkp printings
34.1. Dinesh Singh |   Link |Apr 17, 2019 4:48:00 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Seems not good from my side.
33. Priyansh Agrawal |   Link |Apr 17, 2019 4:21:50 PM
Dear small investers hope positively
32. Small Investors |   Link |Apr 17, 2019 1:17:03 PM
Dear Raja,Dinesh and Priyansh
i also apply for 1 lot and be positive
32.1. Dinesh Singh |   Link |Apr 17, 2019 2:21:29 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Let's wait for listing day if alloted.
I am also positive.
There may be some listing gain.
Will exit on listing day itself.
31. BTST Traders |   Link |Apr 17, 2019 1:10:58 PM
take risk
30. Priyansh Agrawal |   Link |Apr 17, 2019 11:02:04 AM
Dear Dinesh I also take risk
29. Dinesh Singh |   Link |Apr 17, 2019 9:44:14 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Dear Raja
Have you really applied 1 lot?
I have taken a risk for 1 lot.
28. AyushGoel |   Link |Apr 16, 2019 1:51:26 AM
might give small listing gain, but risk of loss has much higher probability
27. AyushGoel |   Link |Apr 16, 2019 1:49:40 AM
Sudden jump in last yr profit raises doubts, plus debt pile company makes it unattractive, better to avoid atleast for listing gains.
26. Dinesh Singh |   Link |Apr 15, 2019 5:23:03 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
From where so many RI has came to apply in this IPO?
Any one have idea. Please share.
25. Dinesh Singh |   Link |Apr 15, 2019 4:52:04 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
RI subscribed more than 1times.
Allotment is based on lottery.