Jash Engineering IPO

Jash Engineering IPOBusiness 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

Jash Engineering IPO details

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


Subscription (no. of times)

Day 1 0.05
Day 2 0.61
Day 3 4.69


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[email protected]
Website: 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: 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)


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