Artedz Fabs IPO description – Artedz Fabs is engaged in manufacturing and trading of textile fabrics for shirtings and suitings. The company specialises in manufacturing of textile fabrics from cotton yarn. The company also uses linen yarn as well as blended yarns as the raw material. It is primarily engaged in the manufacturing of grey fabrics with high-end and fashion forward designs, using the expertise of in-house designing team. The company caters to orders from both domestic and international markets. With a manufacturing facility spread over a Land area of 15,789 sq. ft. in Bhiwandi, Maharashtra, the company currently has an installed capacity of 21 Lakhs sq. metre per annum with 43 installed looms which can cater to the orders requiring any specific category of yarn.
Artedz Fabs promoters – Kashyap Gambhir and Satbinder Singh Gill
| Artedz Fabs – Upcoming IPO details | |
| Subscription Dates | 18 – 20 February 2019 |
| IPO Price band | INR34 – 36 per share |
| Fresh issue | 2,310,000 shares (INR7.85 – 8.32 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,310,000 shares (INR7.85 – 8.32 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR7.25 crore
- General Corporate Purposes
- Issue Expenses
| Artedz Fabs’ consolidated financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | H1 FY2019 | |
| Total revenue | 26.52 | 30.98 | 38.78 | 53.11 | 64.34 | 36.63 |
| Total expenses | 27.17 | 32.11 | 39.30 | 50.52 | 59.35 | 33.12 |
| Profit after tax | -0.45 | -0.77 | -0.36 | 1.79 | 3.52 | 2.54 |
Artedz Fabs Contact Details
Artedz Fabs LimitedÂ
206, Gambhir Industrial Estate,
Opp. Paramount Print, Off Aarey Road
Goregaon (East), Mumbai – 400063
Phone:Â +91 022 29276278
Email: [email protected]
Website:Â www.artedzfabs.com
Artedz Fabs IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.21 |
| Day 2 | 0.37 |
| Day 3 | 1.46 |
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Artedz Fabs Valuation (For FY2018)
Earnings Per Share (EPS): INR5.63
Price/Earnings (P/E) ratio: 6.04 – 6.39
Return on Net Worth (RONW): 42.38%
Net Asset Value (NAV): INR13.28 per share
Registrar of Artedz Fabs 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
Artedz Fabs IPO Allotment Status
Artedz Fabs IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Artedz Fabs
IPO Opening Date: 18 February 2019
IPO Closing Date: 20 February 2019
Finalisation of Basis of Allotment: 26 March 2019
Initiation of refunds: 27 March 2019
Transfer of shares to demat accounts: 28 March 2019
Listing Date: 29 March 2019
Listing Price on NSE SME: INR40 per share (up 11.11% from IPO price)
Closing Price on NSE SME: INR41.65 per share (up 15.69% from IPO price)
