Business description from prospectus – Jash Engineering is engaged in manufacturing of 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.
The products of the company find application 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. The manufacturing facilities are equipped with pattern making, foundry, machining, fabrication, inspection and in-house testing. The company caters to the domestic as well as international markets. Presently, it primarily derives its revenue from the domestic market which contributed more than 70% of the total revenue in FY 2017.
Promoters of Jash Engineering – Mr Laxminandan Amin, Mr Pratik Patel, Ms Bhairavi Patel and Mr Harsh Patel
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Jash Engineering IPO details |
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| Subscription Dates | 28 Sep – 3 Oct 2017 |
| IPO Price band | INR115 – 120 per share |
| Fresh issue | 4,000,800 shares (INR46.01 – 48.01 crore) |
| Offer for sale | 2,261,198 shares (INR26.00 – 27.13 crore) |
| Total IPO size | 1,739,602 shares (INR20.00 – 20.88 crore) |
| Minimum bid (lot size) | 1,200 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
| Jash Engineering’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 82.7 | 113.9 | 119.8 | 121.9 | 161.2 | |
| Total expenses | 79.7 | 104.0 | 108.7 | 110.0 | 146.3 | |
| Profit after tax | 1.5 | 7.7 | 7.6 | 7.3 | 10.3 | |
Jash Engineering Limited
31, Sector-C, Sanwer Road
Industrial Area
Indore 452015
Phone: +91 731 6732700
Email: [email protected]
Website: www.jashindia.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.05 |
| Day 2 | 0.61 |
| Day 3 | 4.69 |
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Earnings Per Share (EPS): INR10.72
Price/Earnings (P/E) ratio: 10.72 – 11.19
Return on Net Worth (RONW): 12.26%
Net Asset Value (NAV): INR87.44 per share
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083
Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
Jash Engineering IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
IPO Opening Date: 28 September 2017
IPO Closing Date: 3 October 2017
Finalisation of Basis of Allotment: 6 October 2017
Initiation of refunds: 9 October 2017
Transfer of shares to demat accounts:Â 10 October 2017
Listing Date: 11 October 2017
Listing Price on NSE SME: INR144 per share (up 20% from IPO price)
Closing Price on NSE SME: INR144 per share (up 20% from IPO price)
