Jakharia Fabric Limited IPO

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(i) The Jakharia group is into the business of textiles since 1987, It started the business with manufacturing of fabrics on power looms working on all types of fabric qualities in cotton and synthetic base as per the market demands, later the group came up with a plant of yarn dyeing only for cellulose fibers in Bhiwandi, wherein they do the work for the reputed brands .

(ii) The company is engaged in the business of dying 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. The Company 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 specially suitable for Shirtings.

(iii) 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.

(iv) The Company Revenue from operations for the FY17, FY16 and FY15 were 74.79 Cr, 76.76 Cr, and 88.47 Cr respectively. The Net Profit after tax for the above mentioned periods i.e. in the last 3 years was 3.38 Cr in FY17, 4.467 Cr in FY16 and 4.32 Cr in FY15. The Revenue from operations for nine months period ending December 31, 2017, was 53.48 Cr and the net profit after tax was 1.89 Cr. This shows that the company has inconsistency both in Top-line and Bottom-line in last 3 years which does not augur well for any company.

Jakharia Fabric Limited IPO Stock Quote & Charts

186.00

+2.20%

  • Open: 186.00
  • High - Low: 186.00 - 186.00
  • Previous Close: 182.00
  • Total Traded Volume: 3200
  • Updated On: 13-Nov-2018

Objects of the Jakharia Fabric Limited IPO:

Objective of

Jakharia Fabric Limited IPO

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

Jakharia Fabric Limited IPO Details:

Open Date: Jun 29 2018
Close Date: Jul 03 2018
Total Shares: 1,092,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 19.6560 Cr.
Lot Size: 800 Shares
Issue Price: ₹ 180 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jul 11 2018

Promoters And Management:

Promoters of Jakharia Fabric Limited Company are: 1. Mr. Jignesh Shah 2. Mr. Nitin Shah 3. Mr. Dixit Shah

Financials of Jakharia Fabric Limited IPO:

Particulars For the year/period ended (in Rs. Lacs)
31-Dec-2017 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 6,070.27 5,843.80 5,954.17 5,044.23 4,468.05
Total Revenue 5,376.25 7,702.84 7,723.49 8,917.25 7,582.72
Profit After Tax 189.12 338.82 446.17 432.86 356.66

Recommendation on Jakharia Fabric Limited IPO:

Jakharia Fabric Limited IPO Rating by InvestorZone team => 2/10 1-5: Fair 5-7: Good 7-10: Excellent

Lead Manager of Jakharia Fabric Limited IPO:

  1. Aryaman Financial Services Limited

Registrar of Jakharia Fabric Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Jakharia Fabric Limited Office No. 1224, Deoji Nagar, Narpoli Village Bhiwandi, Thane– 421 302, Maharashtra; Phone No. +91-25- 2227 8892 Email: info@jakhariafabric.com Website: www.jakhariafabric.com

25th Sep 2018 - 27th Sep 2018 => Aavas Financiers IPO

Bid Details of Jakharia Fabric Limited IPO as on
03-Jul-2018 17:00:00 IST

Category No.of shares offered No. of shares bid
516,000 949,600
516,000 307,200
60,000 60,000
1,092,000 1,316,800
QIBs Yes
QIBs+HNIs Subscription 1.84X
Retail Subscription 0.60X
Total Subscription 1.22X

Discussion on Jakharia Fabric Limited IPO:

    Another Textile Company hitting the primary market. We all know the fate of recently listed Akshar Spintex. The issue price was 40 and now trading at 28. So looking at the market condition there is no harm to give a miss to this issue.

    As per new SEBI guidelines, the Minimum size of anchor investor has been reduced from 10 cr to 2 cr in SME IPOs. This will lead to more participants in pre-IPO placement. This is a good move as generally the issue size of SME IPOs ranges from 5 Cr to 70 Cr.