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

April 9, 2019 - April 15, 2019

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.

Jinaam's Dress Limited IPO Details

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 Size7,200,000 shares
(aggregating up to ₹42.48 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion360,000 shares

Jinaam's Dress Limited IPO Reservation

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 Offered360,000 (5.00%)
Other Shares Offered3,420,000 (47.50%)
Retail Shares Offered3,420,000 (47.50%)
Total Shares Offered7,200,000 (100%)

Jinaam's Dress Limited IPO Timeline (Tentative Schedule)

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

Jinaam's Dress Limited IPO Lot Size

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

Jinaam's Dress Limited IPO Promoter Holding

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%

About Jinaams Dress Limited

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 (Jinaam's Dress Limited IPO Objectives)

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 Review (May apply)

[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...

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

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)

CategorySubscription (times)

Jinaam's Dress Limited IPO Prospectus

Jinaam's Dress Limited IPO Rating

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

Listing Date April 25, 2019
BSE Script Code 542653
NSE Symbol
ISIN INE011201014
Final Issue Price ₹59 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Jinaams Dress Limited Contact Details

Jinaams Dress Limited
Plot No. 524,
Road No. 5, GIDC,
Sachin, Surat 394 230,
Phone: 0261-2398505

Jinaam's Dress Limited IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Jinaam's Dress Limited IPO - Buy or Not

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 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.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



44. Priyansh Agrawal |   Link |  Bookmark |April 26, 2019 4:52:02 PM
Dear R. D. S. Book lose sold 57.5
44.1. Small Investor |   Link |  Bookmark |May 21, 2019 5:11:45 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Now 36 and i want buy this stock at this price
43. Small Investors |   Link |  Bookmark |April 26, 2019 1:33:44 PM
Dear Admin
please Upload Basis of Allotment of Jinaam Dress
42. RAJAKUMAR |   Link |  Bookmark |April 26, 2019 10:02:42 AM (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 |  Bookmark |April 25, 2019 10:57:35 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Booked loss.
41.1. Small Investors |   Link |  Bookmark |April 25, 2019 12:19:48 PM
Down side countdown now stared only one hope is Operator & LM handle this stock
40. RAJAKUMAR |   Link |  Bookmark |April 25, 2019 10:04:26 AM (1400+ Posts, 1200+ Likes)
Dear Dinesh, Small,Priyansh
Sold at 59
40.1. Dinesh Singh |   Link |  Bookmark |April 25, 2019 10:15:33 AM
IPO Guru IPO Guru (1300+ Posts, 500+ 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 |  Bookmark |April 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 |  Bookmark |April 25, 2019 9:45:14 AM
Sold signal lot @ 59
38. Mohammedhasan |   Link |  Bookmark |April 24, 2019 5:06:17 PM
Any idea abt the listing price
38.1. VickyMehta |   Link |  Bookmark |April 24, 2019 8:50:13 PM
WIll list between 65 and 70
37. Dinesh Singh |   Link |  Bookmark |April 24, 2019 4:48:23 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Best of luck for tomorrow listing.
36. Priyansh Agrawal |   Link |  Bookmark |April 23, 2019 11:17:33 AM
Dear Rajkumar, Dinesh, small invester allotment out I got 1/1
36.1. Dinesh Singh |   Link |  Bookmark |April 23, 2019 11:21:08 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
I also got 1/1
Let's wait for listing on 25/04/19.
36.2. Small Investor |   Link |  Bookmark |April 23, 2019 8:20:29 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Got 1 listing will at par ?
35. Dinesh Singh |   Link |  Bookmark |April 22, 2019 10:04:04 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Allotment will be out today.
34. Priyansh Agrawal |   Link |  Bookmark |April 17, 2019 4:26:35 PM
Dear small invester, Dinesh raja any views about gkp printings
34.1. Dinesh Singh |   Link |  Bookmark |April 17, 2019 4:48:00 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Seems not good from my side.
33. Priyansh Agrawal |   Link |  Bookmark |April 17, 2019 4:21:50 PM
Dear small investers hope positively
32. Small Investors |   Link |  Bookmark |April 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 |  Bookmark |April 17, 2019 2:21:29 PM
IPO Guru IPO Guru (1300+ Posts, 500+ 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 |  Bookmark |April 17, 2019 1:10:58 PM
take risk
30. Priyansh Agrawal |   Link |  Bookmark |April 17, 2019 11:02:04 AM
Dear Dinesh I also take risk
29. Dinesh Singh |   Link |  Bookmark |April 17, 2019 9:44:14 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Dear Raja
Have you really applied 1 lot?
I have taken a risk for 1 lot.
28. AyushGoel |   Link |  Bookmark |April 16, 2019 1:51:26 AM
might give small listing gain, but risk of loss has much higher probability
27. AyushGoel |   Link |  Bookmark |April 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 |  Bookmark |April 15, 2019 5:23:03 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
From where so many RI has came to apply in this IPO?
Any one have idea. Please share.
25. Dinesh Singh |   Link |  Bookmark |April 15, 2019 4:52:04 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
RI subscribed more than 1times.
Allotment is based on lottery.