About the Company:
Jakharia Fabric Ltd 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.
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.
Company also outsources certain processes like weaving of the fabric and printing as per the demand of the customers based on the quality required. Company manufactures and processes the fabric specially suitable for Shirtings.
Company has positioned themselves as a multi-product, multi-fibre and multi-market player ensuring that their products include a diverse mix of fabrics mainly catering to domestic market and also to the international market. Wide rangesof fabric are processed at our Processing house which includes cotton, polyester, viscose and man-made & blended fabrics.
Company has set-up two (2) processing units located at MIDC Area of Saravali, Bhiwandi in Maharashtra and MIDC Area of Tarapur, Bhiwandi in Maharashtra. The plant has the facilities for dyeing and processing wide range of fabrics.
Company has a network of agents and brokers in the domestic market as well as International market. Company has an established presence in the states of Maharashtra, Gujarat, Karnataka, Uttar Pradesh and Tamil Nadu.
Company’s Business Model:
Company’s Revenue Model:
Company’s Expansion Project:
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 our Company is a partner.
The Partnership firm is set up with an intention to establish a new processing house with a proposed capacity of 360 lakh meters p.a. for colouring, dying, printing and finishing and processing working or manufacturing of cotton, linen, wool synthetics and various other textile products.
Company’s Proposed Capacity Utilization:
- Mr. Jignesh Shah (Designation: Chairman & Executive Director)
- Mr. Nitin Shah (Designation: Managing Director)
- Mr. Dixit Shah (Designation: Whole-time Director)
Objectives of the Issue:
- Part finance the setting up of processing unit through investment in M/s. Jakharia Industries at MIDC Tarapur,Bhiwandi, Maharashtra.
- Funding Expenditure for General Corporate Purposes.
|Particulars||Amount (Rs. in Crores)|
|Part finance the setting up of processing unit through investment in M/s.
Jakharia Industries at MIDC Tarapur, Bhiwandi, Maharashtra.
|General Corporate Expenses||0.87|
|Net Proceeds||18.97 cr|
Financials of the Company:
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17||31st Dec 17|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Jakharia Fabric Ltd||10||12.37||14.55||16.97%||67.20|
|Vishal Fabrics Ltd||10||8.00||72.50||11.22%||71.29|
|Gini Silk Mills||10||4.32||34.02||7.49%||57.69|
|Issue Opens on||29th June 2018|
|Issue Closes on:.||3rd July 2018|
|Issue Size||Rs.19.65 cr|
|Market Cap||Rs.73.15 cr|
|Listing at||NSE SME|
|Equity Shares Offered (Fresh)||10,92,000|
|Equity Shares Prior||29,71,830|
|Equity Shares after the issue||40,63,830|
|Finalization of Basis of Allotment||on or Before 6th July 2018|
|Initiation of Refunds||on or Before 9th July 2018|
|Credit of Equity Shares:||on or Before 10th July 2018|
|Listing Date:||on or Before 11th July 2018|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
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|Company Contact Info:|
|Jakharia Fabric Ltd
Office No.1224, Deoji Nagar,
Narpoli Village, Bhiwandi- 421 302,
Tel No: +91-25- 2227 8892
|IPO Registrar Info:|
|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;
|Lead Manager to the Issue:|
|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