Jakharia Fabric IPO – Review, Allotment Status, Subscription, Price, Date & more

Jakharia 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.


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 IPOJakharia 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



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:

  1. Mr. Jignesh Shah,
  2. Mr. Nitin Shah and
  3. 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

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Kenvi Jewels IPO Nakoda Group IPO Debock IPO Affordable Robotic IPO

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)


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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: Website: www.afsl.co.in
Investor Grievance Email:
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: ;
Website: www.bigshareonline.com
Investor Grievance Email: ;
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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Jakharia Fabric IPO News

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