Business description – Jakharia Fabric is engaged in the business of dyeing 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 quality of the fabric, sizing requirements etc. The company also outsources certain processes like 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 especially suitable for Shirtings. Jakharia Fabric is in process of setting up an additional processing facility at Plot No. J1/1, MIDC Tarapur Industrial Area, Boisar, Palghar – 401 506. This facility is being set up through M/s Jakharia Industries, which is a Partnership Firm, wherein Jakharia Fabric is a partner. The Partnership firm intends to carry on business of preparing spinning doubling texturing weaving, winding, knitting, scouring, sizing, bleaching, colouring, dying, printing and finishing and processing working or manufacturing in any way whatsoever of cotton, linen, wool synthetics and various other textile products.
Promoters of Jakharia Fabric – Jignesh Shah, Nitin Shah and Dixit Shah
| Jakharia Fabric IPO details | |
| Subscription Dates | 29 June – 3 July 2018 |
| IPO Price band | INR180 per share |
| Fresh issue | 1,092,000 shares (INR19.66 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,092,000 shares (INR19.66 crore) |
| Minimum bid (lot size) | 800 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Part finance the setting up of processing unit through M/s. Jakharia Industries – INR18.10 crore
- General corporate purposes
- Issue expenses
| Jakharia Fabric’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 47.9 | 75.8 | 89.2 | 77.2 | 77.0 | 53.8 |
| Total expenses | 47.3 | 71.4 | 82.8 | 70.6 | 71.9 | 51.7 |
| Profit after tax | 0.8 | 3.6 | 4.3 | 4.5 | 3.4 | 1.9 |
Jakharia Fabric’s Contact Details
Jakharia Fabric Limited
Office No. 1224, Deoji Nagar
Narpoli Village, Bhiwandi
Thane– 421 302
Phone: +91Â 025 2227 8892
Email: [email protected]
Website: www.jakhariafabric.com
Jakharia Fabric IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.67 |
| Day 2 | 0.95 |
| Day 3 | 1.15 |
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Jakharia Fabric Valuation (For FY2017)
Earnings Per Share (EPS): INR12.37
Price/Earnings (P/E) ratio: 14.55
Return on Net Worth (RONW): 16.97%
Net Asset Value (NAV): INR67.20 per share
Registrar of Jakharia Fabric IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Jakharia Fabric IPO Allotment Status
Jakharia Fabric IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Jakharia Fabric
IPO Opening Date: 29 June 2018
IPO Closing Date: 3 July 2018
Listing Date: 11 July 2018
Listing Price on NSE SME: INR181.35 per share (up 0.75% from IPO price)
Closing Price on NSE SME: INR182 per share (up 1.11% from IPO price)
