Artedz Fabs Limited  is engaged in manufacturing and trading of textile fabrics for shirtings and suitings. They specialize in manufacturing of textile fabrics majorly from cotton yarn. The Company has issued 23,10,000 Equity shares of Rs.10 each. Let’s have a detailed review of the company and analytics of the Artedz Fabs IPO release date, IPO offer price, subscription, Artedz Fabs IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Artedz Fabs IPO Review & Ratings

Artedz Fabs IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Artedz Fabs IPO

Artedz Fabs IPOArtedz Fabs is engaged in the manufacturing and trading of textile fabrics for shirtings and suitings. They also use linen yarn as well as blended yarns as the raw material. They also use linen yarn as well as blended yarns as the raw material and are primarily engaged in the manufacturing of grey fabrics with high-end and fashion forward designs, using the expertise of our in-house designing team. They are primarily engaged in the manufacturing of grey fabrics with high-end and fashion forward designs, using the expertise of their in-house designing team. The Issue comprises of a Public Issue of 23,10,000 Equity shares of face value of Rs.10.00 each. From FY 2012-13 to FY 2016-17, as per our Restated Financial Statements:

  • Their total revenue has shown growth from Rs. 2780.49 lakhs to Rs. 5310.81 lakhs, representing a increase of 91.00%.
  • Their EBITDA has shown growth from Rs. 363 lakhs to Rs. 786 lakhs, representing an increase of of 116%.
  • Their profit after tax has shown growth from Rs. 92.69 lakhs to a profit of Rs. 178.87 lakhs representing a CAGR of 25.83% .
  • The pre-issue net worth of the Company as per Restated Standalone Financial Statements was Rs. 802.11 lakhs as of December 31, 2017 and Rs. 487.46 lakhs for the year ended March 31, 2017. The book value of Equity Share after Issue of Bonus was Rs 12.83 as at December 31, 2017 and Rs. 7.80 as at March 31, 2017.

The Promoters of this company are Kashyap Gambhir and Satbinder Singh Gill. The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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    Artedz Fabs IPO Date

    The opening and the closing date of IPO of Artedz Fabs is Mar 18, 2019 – Mar 20, 2019


    Artedz Fabs IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    1st Day – Mar 18 0.11x0.32x 0.21x
    2nd Day – Mar 19 – 0.20x 0.53x0.37x 
    3rd Day – Mar 20 – 0.23x 0.59x0.41x 
    Shares Offered or Net Issue – 1,095,0001,095,000 2,190,000

    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


    Artedz Fabs IPO Allotment Status

    Here, you can find the Allotment Status of this IPO.

    Basis of Allotment Finalization26-Mar-19
    Refunds Initiation27-Mar-19
    Credit of Shares to Demat Account28-Mar-19
    Share Listing Date29-Mar-19

    Artedz Fabs IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is Rs 34 – Rs 36.


    Artedz Fabs IPO Equity Share Offering

    23,10,000 Equity Shares of Rs 10/- each and Issue Price is Rs 34 – Rs 36, so it will be aggregated to Rs 8.32 Crores.


    Artedz Fabs Limited – Company Overview

    Artedz Fabs Private Limited was originally incorporated as “Artedz Fabs Private Limited” at Mumbai, Maharashtra as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 08, 2006. This Company is engaged in manufacturing and trading of textile fabrics for shirtings and suitings.

    They specialize in manufacturing of textile fabrics majorly from cotton yarn. They also use linen yarn as well as blended yarns as the raw material. They are primarily engaged in the manufacturing of grey fabrics with high-end and fashion forward designs, using the expertise of their in-house designing team. The Company caters to orders from both domestic and international markets.

    Competitive Strengths of Artedz Fabs Limited:

    • Experienced Promoters.
    • Timely Delivery.
    • In house Design
    • Wide and diverse range of product offerings.

    Business strategies of Artedz Fabs Limited:

    • Diversify into women wear.
    • Printing on the Solid Fabrics.
    • Negotiate with Creditors for pricing.
    • Strong Customer Relationship.

    Artedz Fabs Limited – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakhs)
    31-Dec-1731-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
    Total Assets6,034.944434.353654.453,920.792922.951996.99
    Total Revenue4995.055310.813877.973097.962652.122780.49
    Total Expense4,547.205,051.813,929.623,210.912,716.842,833.76
    Profit After Tax314.65178.87-35.55-76.99-44.82-36.95

    Earnings per Equity Share (in Lakhs)

    31-Dec-1731-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
    Basic & Diluted  5.032.86-0.59-1.47-1.05-1.34

    From the above statements, one could find that the Artedz Fabs Limited may perform well.


    Artedz Fabs IPO – Promoters

    The Promoters of this company are:

    1. Kashyap Gambhir
    2. Satbinder Singh Gill

    Interest in promotion of the Company

    Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    Property Interest

    The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

    Interest in Intellectual Rights of the Company

    Promoters has not shown any interest in acquiring the intellectual rights of the company.


    Artedz Fabs IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered 23,10,000 Equity Shares of Rs 10/- each at an Issue Price (yet to be disclosed).
     Of which:
     Reserved for Market Makers This portion is not yet disclosed while face value of Equity Shares is of Rs 10/- each at an issue price.
     Net Issue to the Public This portion is not yet disclosed while face value of Equity Shares is of Rs 10/- each at an issue price.
     Of which:
     Retail Investors Portion This portion is not yet disclosed while face value of Equity Shares is of Rs 10/- each at an issue price.This is not less than 35% of the Net Issue.
     Non-Retail Investors PortionThis portion is not yet disclosed while face value of Equity Shares is of Rs 10/- each at an issue price.This is not more than 50% of the Net Issue.
     Equity Shares outstanding prior to the Issue62,50,000 Equity Shares of Rs 10/- each
     Equity Shares outstanding after the IssueNot yet disclosed

    Artedz Fabs IPO Issue Object

    These are the IPO Issue Objects of the company

    • Funding of working capital requirements of the Company
    • General Corporate Purpose.

    Artedz Fabs IPO – Basis of the Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

      • Experienced Promoters.
      • On time Delivery of Products.
      • In-house designing of the fabrics.
      • Strong long maintained relationship with the customer.

    The relevant quantitative factors are:

    YearBasic & Diluted EPSRONW (%)
    31-Mar-15(1.47)(31.53)
    31-Mar-16(0.59)(11.52)
    31-Mar-172.8636.69
    • NAV
      ParticularsAmount(in Rs.)
      NAV as on March 31,20177.8
      NAV as on December 31,201712.83
    • Industry P/E Ratio:
    ParticularsP/E ratio
    Average17.47
    Highest24.02
    Lowest10.92
    • Competitive Peers:

    Artedz Fabs IPO Peers


    Artedz Fabs IPO Lead Managers

    Lead Managers
    Pantomath Capital Advisors Private Limited

    406-408, Keshava Premises, Behind Family Court,
    Bandra Kurla Complex, Bandra (East)
    Mumbai- 400051, Maharashtra, India
    Tel: +91 22 6194 6700
    Fax: + 91 22 2659 8690
    Email: ipo@pantomathgroup.com
    Website: www.pantomathgroup.com
    Contact Person: Hardik Bhuta
    SEBI Registration No: INM000012110

    Artedz Fabs IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    1st Floor, Bharat Tin Works Building,
    Opp.Vasant Oasis, Makwana Road, Marol,
    Andheri (East), Mumbai – 400059, Maharashtra, India.
    Tel: +91 22 62638200
    Fax: +91 22 62638299
    Email: ipo@bigshareonline.com
    Website: www.bigshareonline.com
    Investor Grievance Id: investor@bigshareonline.com
    Contact Person: Srinivas Dornala
    SEBI Registration Number: INR000001385

    Other Details:

    • Statutory Auditor –M/s. B.T. Bhomawat & Co., Chartered Accountants.
    • Peer Review Auditor –M/s N. K. Aswani & Co., Chartered Accountant.
    • Bankers to the Company –  ICICI Bank

    Artedz Fabs IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

    The ratings would be updated once the financials and the other details of the IPO are released.


    Artedz Fabs IPO Grey Market Premium

    The Artedz Fabs IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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      Artedz Fabs IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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