IPO Issue Details
Issue Price / Price Band₹39 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size10,83,000 shares (aggregating up to ₹4.22 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 27 Sep 2016
Subscription CloseThu, 29 Sep 2016
Anchor AllotmentMon, 26 Sep 2016
Basis of AllotmentWed, 05 Oct 2016
Initiation of RefundsThu, 06 Oct 2016
Credit of Shares to DematThu, 06 Oct 2016
Listing DateFri, 07 Oct 2016
UPI Mandate Deadline2016-09-29
Application & Investment Details
Retail — Min (1 Lots)₹1,17,000 — 3,000 shares
Retail — Max (13 Lots)₹1,521,000 (13 Lots)
HNI — Min (2 Lots)₹2,34,000 — 6,000 shares
Net Offer to Public10,26,000 shares (aggregating up to ₹4.00 Cr)
Reserved for Market Maker57,000 shares (aggregating up to ₹0.2223 Cr)
Pre-IPO Promoter Holding30,00,200 shares
Post-IPO Promoter Holding40,83,200 shares
About Jet Knitwears Ltd.
Incorporated in 1996, Jet Knitwears Ltd (JKL) is engaged in the business of manufactures and exports cotton hosiery products for men, women and children. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Their product range includes vests, underwear, loungewear and outerwear, quilted thermals and socks for men; panties and socks for women; and vests, T-shirts, and outerwear for kids. Company markets its products under brand names like "Lycot Australia", "Jet", "Jet Eco", "Fresh-long", "Boski" and "Take Off".Jet Knitwears sells their products through its stores and retailers, as well as online in India, the Middle East, and internationally. Visit chittorgarh.com for more detail.It serves over 5000 retailers through its own marketing and logistics service in Northern India. Since 1993-94 till 2012-13 it received 16 various National awards/certificates/recognitions.
Objects of the Issue
Jet Knitwears Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirements
3.52
2
2 General Corporate Purposes
0.35
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,00,200 shares
Post-IPO Promoter Holding
40,83,200 shares