Jinaam’s Dress Ltd

About the Company:

Jinaam’s Dress Ltd is a manufacturers of Indian ethnic and fusion wear for women.

Company designs, manufactures and markets wide portfolio of women’s apparels across multiple brands.

Company sells  products through distribution network spread across 19 states and 4 union territories in India. Company also operates a retail store for women’s apparel located at The Gateway Hotel, Surat, Gujarat.

Company also has an exclusive tie up with e-commerce platform www.manndola.com, owned by one of the Group Company, for online marketing and selling of company’s

Company has an installed manufacturing capacity of 5,00,000 mtrs/month for dress materials.


Company’s Brands:

The current brand portfolio includes “JINAAM”, “FLORAL CREATION”, “ROMA”, “ASMIRA”, “HEROINE”, “BAHNI”, “ZAREEN”, “TIARAA” and “FORMM”.

Each brand is catering to different sets of consumer requirements.“Roma” is a brand catering to the women ethnic market in cotton and crepe fabric with high end embroidery and skilled stitching techniques. “Heroine” is the premium clothing brand.


Distribution Network:

Company’s distribution channel currently covers states of Gujarat, Punjab, Delhi, Haryana, Jammu & Kashmir, Maharashtra, Karnataka, West Bengal, Madhya Pradesh, Kerala, Telangana and Uttar Pradesh.

Company also caters international market in countries such as United Kingdom, Dubai, Nepal, Pakistan, Afghanistan and Mauritius directly or through merchant exporters and bulk fabric dealers.


Expand the Presence into Home furnishing:

Considering the competitive advantage in home furnishing segment in the current Indian markets and the attractive margins, Company is also in the preliminary stage of planning and discussions for expanding its business by venturing into home furnishing segment.


Management Team:

  1. Mr. Rahul Hemraj Oswal (Designation: Managing Director)
  2. Mr. Vishal Hemraj Oswal (Designation: Whole Time Director)


Objectives of the Issue:

  • Purchase of Machineries.
  • Augmenting the long term working capital requirements of the Company.
  • Repayment of certain debt facilities availed by the Company.
  • General corporate purposes.


Financials of the Company:

(in Crores) FY 16 FY 17 FY 18 30th Sept 18
Revenue 136.49 135.01 154.29 70.84
Net Profit 2.13 2.87 7.82 3.85


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Jinaam’s Dress Limited 10 5.26 11.21 25.37% 22.02
TCNS Clothing Co. Limited 2 15.36 53.74 22.74% 76.54

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IPO Details:

Details Info
Issue Opens on 9th April 2019
Issue Closes on:. 15th April 2019
Issue Price Rs.59
Face Value Rs.10
Minimum Lot 2000 Shares
Minimum Investment Rs.1,18,000
Issue Constitutes 30.94%
Issue Size Rs.42.48 cr
Market Cap Rs.131.46 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 72,00,000
Equity Shares Prior to the Issue 1,50,82,000
Equity Shares after the Issue 2,22,82,000


Important Dates:

Finalization of Basis of Allotment on or Before 22nd April 2019
Initiation of Refunds on or Before 23rd April 2019
Credit of Equity Shares: on or Before 24th April 2019
Listing Date: on or Before 25th April 2019


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
5.26 11.21 25.37% 22.02


Check IPO Allotment Status:

Bigshare Website (Click on the below Link)




Company Contact Info:
Jinaam’s Dress Ltd
Plot No. 524, Road No. 5,
GIDC, Sachin, Surat – 394230,
Gujarat, India.
Tel: 0261-2398505
Fax: 0261-2398505
E-mail: cs@jinaamdresses.com
Website: www.jinaam.com


IPO Registrar Info:
Bigshare Services Private Limited
1STFloor, Bharat Tin Works Building
Opp. Vasant Oasis, Makhwana Road,
Marol Andheri (East) Mumbai – 400 059
Telephone: +91 22 2847 0652/ 4043 0200
Website: www.bigshareonline.com


Lead Manager to the Issue:
SMC Capitals Limited
A-401/402, Lotus Corporate Park
Jai Coach Junction, Off Western Express Highway
Goregaon (East) Mumbai- 400063
Telephone: +91 22 6648 1818
Email: jinaam.ipo@smccapitals.com
Website: www.smccapitals.com