Jakharia Fabric IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Nov 17, 2022Jakharia Fabric Private Limited is launching its IPO on 29th June 2018. Jakharia Fabrics is into the business of dyeing and processing of fabrics on job work basis for other textile companies as well as for own manufacturing product lines. Jakharia Fabric IPO is about to issue 10,92,000 shares @ Rs.180 per share with a Issue size of Rs.19.66 cr.
Let’s have a detailed review of the company and analytics of the Jakharia Fabric IPO release date, IPO offer price, subscription, Jakharia Fabric IPO allotment status, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs 180. Check the Live Share Price here Jakharia Fabric Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Jakharia Fabric IPO Review & Ratings
| Jakharia Fabric IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.2/10 |
| Industry Ranking | 6.4/10 |
| Company Background | 6.0/10 |
| Company Reputation | 6.3/10 |
| Competitive Edge | 6.3/10 |
| Financial Statements | 6.1/10 |
| Popularity Index | 6.1/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.1/10 |
| Overall Ratings | 6.2/10 |
| Star Ratings | ★★★☆☆ |
Summary of Jakharia Fabric IPO
Jakharia Fabric Pvt Ltd is 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 revenue from operations for the financial year ending 2016-17, 2015-16 and 2014-15 was Rs 7,479.05 lakhs, Rs 7,676.12 lakhs and Rs 8,847.49 lakhs respectively.
Their Net Profit after tax for the above mentioned periods i.e. in the last 3 years was Rs 338.82 lakhs in F. Y. 2016-17, Rs 446.17 lakhs in F. Y. 2015-16 and Rs 432.86 lakhs in F.Y. 2014-15.
Their Revenue from operations for nine months period ending December 31, 2017 was Rs 5,348.03 lakhs and the net
profit after tax was Rs 189.12 lakhs.
The main Objective of this IPO:
- Funding of working capital requirements of the Company
- Part finance the setting up of processing unit through M/s. Jakharia Industries at Tarapur, MIDC.
- Funding Expenditure for General Corporate Purposes
- Issue Expenses
The Promoter of this company are RITESH R SHARMA and POONAM R SHARMA. The lead manager to the issue is HEM SECURITIES LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Jakharia Fabric IPO Date
The opening date is 29th June 2018 & closing date of this IPO is 3rd July 2018.
Jakharia Fabric IPO Subscription
| Subscription | |
| Day 1 – 29th June 2018 | 0.72x |
| Day 2 – 2nd July 2018 | 1.01x |
| Day 3 – 3rd July 2018 | 1.21x |
| Day 4 | X |
| Day 5 | X |
Jakharia Fabric IPO Allotment Status
Will be updated soon.
Jakharia Fabric IPO Price Band
The face value of each share is Rs 10, the issue price is Rs.180 per share.
Jakharia Fabric IPO Equity Share Offering
10,92,000 Equity Shares of Rs.180/- each , hence the issue size of this IPO is Rs.1966 lakhs
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Jakharia Fabric Pvt Limited – Company Overview
The Company manufactures and processes the fabric specially suitable for Shirting. The company is known for its multi-product, multi-fibre and multi-market player ensuring that the products include a diverse mix of fabrics mainly catering to domestic market and also to the international market at certain times. Wide ranges of fabric are processed at the Processing house which includes cotton, polyester, viscose and man-made & blended fabrics.
The company 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 the Company is a partner. The Partnership firm intends to carry on business of preparing spinning doubling texturing weaving, winding, knitting, scouring, sizing, bleaching, colouring, dyeing, printing and finishing and processing working or manufacturing in any way whatsoever of cotton, linen, wool synthetics and various other textile products.
KEY MEMBERS:
- Mr. Jignesh Shah
- Mr.Nitin Shah
- Mr. Dixit Shah
- Mr. Himatlal Shah
- Mr. Manekchand Shah
- Mrs. Rajashri Kovil
- Mr. Anant Sawant
- Mr. Mukul Vora
- Mrs. Rajashri Kovil
- Mr. Anant Sawant
- Mr. Mukul Vora
Competitive Strengths of Jakharia Fabric Pvt Limited:
- Well experienced management team with proven project management and implementation skills
- Low labour cost
- Quality Assurance
- Product mix
- Cost effective production and timely fulfillment of orders
Business strategies of Jakharia Fabric Pvt Limited:
- Diversifying and increasing penetration in markets
- Expand the global footprint
- Optimal Utilization of Resources
- High productivity / Operational Excellence
- Investment in M/s Jakharia Industries
Jakharia Fabric Pvt Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospects:
Financial Summary:
Amount (in INR & Lakhs)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 6,070.27 | 5,843.80 | 5,954.17 | 5,044.23 | 4,468.05 | 3,884.99 |
| Total Revenue | 5,376.25 | 7,702.84 | 7,723.49 | 8,917.25 | 7,582.72 | 4,787.43 |
| Total Expense | 5,165.43 | 7,192.83 | 7,055.49 | 8,276.25 | 7,137.99 | 4,731.05 |
| Profit After Tax | 189.12 | 338.82 | 446.17 | 432.86 | 356.66 | 80.94 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Basic | 6.91 | 12.37 | 16.29 | 16.01 |
| Diluted | 6.91 | 12.37 | 16.29 | 16.01 |
Jakharia Fabric IPO – Promoters
The Promoter of this company are:
- Mr. Jignesh Shah,
- Mr. Nitin Shah and
- Mr. Dixit Shah
List of Name of Promoter Group Entity / Company
- M/s Dixit Processors
- M/s Jakharia Industries
- Platinum Aac Blocks Private Limited
- Jakharia Synthetics Private Limited
- Himmatlal Shah HUF
- Nitin Shah HUF
- Manekchand Shah HUF Paramjeet K Mehta
Interest in promotion of the Company
None of the Promoters have any interest in the Company except to the extent of compensation payable / paid,
reimbursement of expenses (if applicable) and to the extent of any equity shares held by them or their relatives and
116 associates or held by the companies, firms and trusts in which they are interested as director, member, partner, and / or trustee, and to the extent of benefits arising out of such shareholding.
Common Pursuits of Promoters
Some of the Promoter Group entities, as mentioned below, have been undertaking business similar to theirs and this may result in potential conflicts of interest with their Company in the future.
- M/s. Dixit Processors
- M/s. Jakharia Industries
- Jakharia Synthetics Private Limited
Interest of Promoters in the Promotion of the Company
The Company is currently promoted by the Promoters in order to carry on its present business. The 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.
Jakharia Fabric IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 10,92,000 Equity Shares of Rs 10 each |
| Of which: | |
| Reserved for Market Makers | Upto 60,000 Equity Shares of Rs 10 each |
| Net Issue to the Public | Upto 10,32,000 Equity Shares of Rs 10 each |
| Of which: | |
| Retail Investors Portion | Upto 5,16,000 Equity Shares of Rs 10 each |
| Non-Retail Investors Portion | Upto 5,16,000 Equity Shares of Rs 10 each |
| Equity Shares outstanding prior to the Issue | 29,71,830 Equity Shares |
| Equity Shares outstanding after the Issue | 40,63,830 Equity Shares of Rs 10/- each |
Jakharia Fabric IPO Issue Object
These are the IPO Issue Objects of the company
- Funding of working capital requirements of the Company
- Part finance the setting up of processing unit through M/s. Jakharia Industries at Tarapur, MIDC.
- Funding Expenditure for General Corporate Purposes
- Issue Expenses
Jakharia Fabric 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:
• Well experienced Management
• Low Labour cost
• Quality Assurance
• Product Mix
• Cost effective production and timely fulfillment of orders
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 16.01 | 35.73% | NA |
| 31-Mar-16 | 16.29 | 26.91% | NA |
| 31-Mar-17 | 12.37 | 16.97% | 67.2 |
| 31-Dec-17 | 6.91 | 8.65% | 73.56 |
(Based on Restated Financials of the Company)
Jakharia Fabric IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 6216 6999, Fax No.: +91 – 22 – 2263 0434 Email: ipo@afsl.co.in, Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Ms. Hiral Motani / Mr. Vatsal Ganatra SEBI Registration No.: INM000011344 |
Jakharia Fabric 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 – 400 059 Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299; Email: ipo@bigshareonline.com; Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com; Contact Person: Mr. Nilesh Chalke SEBI Registration No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s. SHAH SHROFF & ASSOCIATES, Chartered Accountants
- Peer Review Auditor – M/s. V. J. SHAH & CO., Chartered Accountants
- Bankers to the Company – NA
- LEGAL COUNSEL – M/S KANGA & CO. (ADVOCATES & SOLICITORS)
Jakharia Fabric IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
Jakharia Fabric IPO Grey Market Premium
The Jakharia Fabric IPO Grey Market Premium is Rs X, Kostak Rate is Rs 300 and Subject to sauda at Rs 3000.
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