Jinaam’s Dress IPO description – Jinaam’s Dress is a manufacturer of Indian ethnic and fusion wear for women. The company designs, manufactures and markets a wide portfolio of women’s apparels across multiple brands. Its product range includes ‘lehenga-choli’, ‘kurti’, ‘dupatta’, scarfs and ‘sarees’ of various fabrics such as satin, georgette, crepe, chiffon, velvet, polyester, cotton, silk, wool etc. It sells its products through a distribution network spread across 19 states and 4 union territories in India. The company also operates a retail store for women’s apparel located at The Gateway Hotel, Surat, Gujarat. Jinaam’s Dress has an exclusive tie up with e-commerce platform www.manndola.com, owned by one of our Group Company, for online marketing and selling of its products.
It has an installed manufacturing capacity of 5,00,000 mtrs/month for dress materials. Its manufacturing process starts with processing of procured grey fabrics such as dying, printing, embroidery, cutting, stitching, sewing, finishing, inspection and packing of the final products.
Jinaam’s Dress promoters – Rahul Hemraj Oswal, Vishal Hemraj Oswal and Pritam Hemraj Oswal
| Jinaam’s Dress – Upcoming IPO details | |
| Subscription Dates | 9 – 15 April 2019 |
| IPO Price band | INR59 per share |
| Fresh issue | 7,200,000 shares (INR42.48 crore) |
| Offer for sale | Nil |
| Total IPO size | 7,200,000 shares (INR42.48 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Purchase of machinery – INR7.00 crore
- Working Capital Requirements – INR18.00 crore
- Repayment/ Pre-payment of certain Debt facilities – INR5.00 crore
- General Corporate Purposes
- Issue Expenses
| Jinaam’s Dress’ financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | FY2018 | H1 FY2019 | |||
| Total revenue | 136.5 | 135.0 | 154.3 | 70.8 | ||
| Total expenses | 133.2 | 130.7 | 142.6 | 65.5 | ||
| Profit after tax | 2.1 | 2.9 | 7.8 | 3.9 | ||
Jinaam’s Dress Contact Details
Jinaam’s Dress LimitedÂ
Plot No. 524,
Road No. 5, GIDC, Sachin,
Surat 394 230
Phone:Â +91 0261-2398505
Email: [email protected]
Website:Â www.jinaam.com
Jinaam’s Dress IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.05 |
| Day 2 | 0.06 |
| Day 3 | 0.31 |
| Day 4 | 0.54 |
| Day 5 | 1.21 |
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Jinaam’s Dress Valuation (For FY2018)
Earnings Per Share (EPS): INR5.26
Price/Earnings (P/E) ratio: 11.22
Return on Net Worth (RONW): 25.37%
Net Asset Value (NAV): INR22.02 per share
Registrar of Jinaam’s Dress 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
Jinaam’s Dress IPO Allotment Status
JInaam’s Dress IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Jinaam’s Dress
IPO Opening Date: 9 April2019
IPO Closing Date: 15 April 2019
Finalisation of Basis of Allotment: 22 April 2019
Initiation of refunds: 23 April 2019
Transfer of shares to demat accounts: 24 April 2019
Listing Date: 25 April 2019
Listing Price on BSE SME: INR59 per share (no change from IPO price)
Closing Price on BSE SME: INR56.1 per share (down 4.92% from IPO price)
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