Jash Engineering Ltd

jash engineering

About the Company:

Company is engaged in manufacturing of water control gates, flap valves, knife gates valves, energy dissipating valves, water hammer control valves, fine and coarse screens, screening conveying equipment, screening washing, compaction equipment &industrial valves etc.

Company offers a single stop solution under one roof including Design, Casting, Fabrication, and Assembly & Testing and provides the most varied range of these products in largest possible sizes.

Products of the Company find application in water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, water transmission lines, power, steel, cement, paper & pulp, petrochemicals & chemical, fertilizers companies.

Company’s manufacturing facilities are equipped with pattern making, foundry, machining, fabrication, inspection and in-house testing.

Company caters to the domestic as well as international markets. Presently, it primarily derives its revenue from the domestic market which contributed more than 70% of the total revenue in FY 2017.

Management Team:

  1. Mr. Laxminandan Amin (Designation: Chairman and Managing Director)
  2. Mr. Navin Chandra Patel(Designation: Managing Director)
  3. Mr. Axel Schutte (Designation: Non-Executive Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Mr. Laxminandan Amin 2,67,385 15.39
Mr. Pratik Patel 19,11,465 18.06
Mrs. Bhairavi Patel 2,52,308 19.73


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
Mr. Pratik Patel 19.96% 16.15%
Mrs. Bhairavi Patel 2.63% 2.13%
Mr. Harsh Patel 4.70% 3.80%
Mr. Laxminandan Amin 2.79% 2.26%
Promoter Group Entities            31.00%         29.26%
Total 61.08% 53.60%


Strengths of the Company:

  • Established brand in water control & waste management.
  • Comprehensive Product Portfolio.
  • Diversified Customers Base.
  • Global Presence: over 45 countries.
  • In-house Research & Development.
  • Technical Collaborations with global players.


Objectives of the offer:

  • Working capital requirement of the Company.
  • Expansion of Manufacturing facilities at Unit III.
  • To acquire leased land and to set- up new manufacturing plant at SEZ Pithampur.
  • General Corporate Purposes.


Fund Utilisation:

Particulars Amount (Rs. in Lakhs)
Working capital requirements 900.00
Expansion of Manufacturing facilities 193.48
To acquire leased land and to set- up new manufacturing plant. 859.14
General Corporate Purposes 359.45
Net Proceeds 2312.07


Check IPO Allotment Status:

Link InTime Website



Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17
Revenue 76.97 105.81 112.01 113.05 147.82
Net Profit 2.48 8.06 7.83 8.74 10.51


IPO Details:

Details Info
Issue Opens on 28th September 2017
Issue Closes on:. 3rd october 2017
Issue Price Rs.115 – 120
Face Value Rs.10
Minimum Lot 1200
Minimum Investment Rs.1,44,000
Issue Constitutes 33.80%
Issue Size Rs.48 cr
Market Cap Rs.142.03 cr
Listing at NSE SME
Equity Shares Offered(Fresh + OFS) 40,00,800
Equity Shares Prior 95,75,400
Equity Shares after the issue 1,18,36,598


Important Dates:

Finalization of Basis of Alottment on or Before 6th October 2017
Initiation of Refunds on or Before 9th October 2017
Credit of Equity Shares: on or Before 10th October 2017
Listing Date: on or Before 11th October 2017


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
10.72 11.19 12.26% 87.44


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
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