Day: June 28, 2018

Jakharia Fabric Limited IPO

Issue Analysis :

Issue opens	June 29, 2018
Issue Closes	July 3, 2018
Issue Price	Rs 180
Lot Size	800
Issue Size	19.66 Cr
Lead Manager	ARYAMAN FINANCIAL SERVICES LIMITED
Registrar	BIGSHARE SERVICES PVT. LTD
Platform	NSE

Company’s Snapshot :

Incorporated in 2007, Maharashtra based Jakharia Fabric Limited is a company 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 the quality of the fabric, sizing requirements etc. It also outsources certain processes like the weaving of the fabric and printing as per the demand of the customers based on the quality required. The Company manufactures and processes the fabric especially suitable for Shirtings.

Jakharia Fabric 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 the business of preparing spinning doubling texturing weaving, winding, knitting, scouring, sizing, bleaching, coloring, dying, printing and finishing and processing working or manufacturing in any way whatsoever of cotton, linen, wool synthetics and various other textile products.

The 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.

As of March 31, 2018, the company has 319 employees on its payroll.

Object of the Issue :

 

The objectives of the Issue are:

 

1. Part finance the setting up of processing unit through M/s. Jakharia Industries at Tarapur, MIDC.
2. Funding Expenditure for General Corporate Purposes

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,843.80	5,954.17	5,044.23	4,468.05	3,884.99
Total Revenue	7,702.84	7,723.49	8,917.25	7,582.72	4,787.43
Profit After Tax	338.82	446.17	432.86	356.66	80.94

 

Company Promoters:

The promoters of the company are Jignesh Shah, Nitin Shah, and Dixit Shah. Some of the Promoter Group entities, as mentioned below, have been undertaking business similar to the company and this may result in potential conflicts of interest with the Company in the future-

• M/s. Dixit Processors
• M/s. Jakharia Industries
• Jakharia Synthetics Private Limited

Contact Company Information:

Jakharia Fabric Limited

Office No. 1224, Deoji Nagar

Narpoli Village, Bhiwandi,

Thane- 421 302

Phone: +91-25- 2227 8892

Fax:

Email: info@jakhariafabric.com

Website: http://www.jakhariafabric.com/

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Ganga Forging Limited IPO

Issue Analysis :

Issue opens	June 29, 2018
Issue Closes	July 3, 2018
Issue Price	Rs 21
Lot Size	6000
Issue Size	5.00 Cr
Lead Manager	PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar	LINK INTIME INDIA PRIVATE LTD
Platform	NSE

Company’s Snapshot :

Incorporated in 1988, Gujarat based “Ganga Forging Limited is a company engaged in manufacturing of closed die forged products catering to both automotive and non-automotive segment. The automotive segment includes manufacturing of products catering to the commercial vehicle, passenger car, three wheeler, two wheeler, and tractor. The non-automotive segment includes electric power transmission, dairy equipment manufacturing, agricultural, gear and gearbox, crankshafts, connecting road, heavy engineering industries, hubs, and flanges. With a presence in most of the allied products in this industry, the Company caters to wide range of customers.

The existing manufacturing facility of the company is equipped with 4 Drop Hammers, 2 automatic power press, 2 manual power press, 4 furnaces in the forge shop. The manufacturing facilities are well equipped with required facilities including machinery, other handling equipment to facilitate the smooth manufacturing process.

The company has 68 permanent employees on its payroll.

Object of the Issue :

 

The Objects Of The Issue are-

 

1. To finance setting up of Closed Die Forging manufacturing facility; and
2. General corporate purposes.

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	1,514.46	1,345.33	1,202.73	1,708.34	858.33
Total Revenue	1,779.17	1,769.45	1,557.19	1,695.99	1,556.93
Profit After Tax	48.49	25.26	46.58	60.74	32.12

 

Company Promoters:

The Promoters of the Company are Mr. Hiralal Mahidas Tilva and Mr. Rakesh Chaganlal Patel. The Promoters hold 18,48,715 Equity Shares in aggregate, which is equivalent to 33.22% of the pre-Issue paid-up Equity Share capital of the Company.

Contact Company Information:

Ganga Forging Limited

 

Plot No 1 SNO 298 & 30

Rajkot Gondal N H, Veraval (Shapar)

Rajkot, Gujarat, 360 024

Phone: +912827-252208 /252077

Fax: +91 2827-252208

Email: info@gangaforging.com

Website: http://www.gangaforging.com/

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