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Jinaam's Dress Limited IPO is a fixed price issue of Rs 42.48 crores.
Jinaam's Dress Limited IPO bidding started from April 9, 2019 and ended on April 15, 2019. The allotment for Jinaam's Dress Limited IPO was finalized on Monday, April 22, 2019. The shares got listed on BSE SME on April 25, 2019.
Jinaam's Dress Limited IPO price is ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹118,000.
Smc Capitals Limited is the book running lead manager of the Jinaam's Dress Limited IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Jinaam's Dress Limited IPO RHP for detailed information.
| IPO Date | April 9, 2019 to April 15, 2019 |
| Listing Date | April 25, 2019 |
| Face Value | ₹10 per share |
| Price | ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7,200,000 shares (aggregating up to ₹42.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 360,000 shares |
Jinaam's Dress Limited IPO offers 7,200,000 shares. 3,420,000 (47.50%) to NII, 3,420,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 360,000 (5.00%) |
| Other Shares Offered | 3,420,000 (47.50%) |
| Retail Shares Offered | 3,420,000 (47.50%) |
| Total Shares Offered | 7,200,000 (100%) |
Jinaam's Dress Limited IPO opens on April 9, 2019, and closes on April 15, 2019.
| IPO Open Date | Tuesday, April 9, 2019 |
| IPO Close Date | Monday, April 15, 2019 |
| Basis of Allotment | Monday, April 22, 2019 |
| Initiation of Refunds | Tuesday, April 23, 2019 |
| Credit of Shares to Demat | Wednesday, April 24, 2019 |
| Listing Date | Thursday, April 25, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 15, 2019 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| Lot Size Calculator | |||
The Company Promoters are:
1. Rahul Hemraj Oswal
2. Vishal Hemraj Oswal
3. Pritam Hemraj Oswal
| Share Holding Pre Issue | 88.18% |
| Share Holding Post Issue | 59.69% |
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
| 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 | |
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
[Dilip Davda]
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...The Jinaam's Dress Limited IPO is subscribed 1.21 times on April 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)
| Category | Subscription (times) |
|---|---|
| Other | 1.34 |
| Retail | 1.08 |
| Total | 1.21 |
| Listing Date | April 25, 2019 |
| BSE Script Code | 542653 |
| NSE Symbol | |
| ISIN | INE011201014 |
| Final Issue Price | ₹59 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹59.00 |
| ₹59.00 |
| ₹56.05 |
| ₹59.00 |
| ₹56.10 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 April 9, 2019, and closes on April 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 April 9, 2019 and closes on April 15, 2019.
Jinaam's Dress Limited IPO lot size is 2000 Shares, and the minimum amount required is ₹118,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jinaam's Dress Limited IPO will be done on Monday, April 22, 2019, and the allotted shares will be credited to your demat account by Wednesday, April 24, 2019. Check the Jinaam's Dress Limited IPO allotment status.
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