IPO Issue Details
Issue Price / Price Band₹59 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size72,00,000 shares (aggregating up to ₹42.48 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 09 Apr 2019
Subscription CloseMon, 15 Apr 2019
Anchor AllotmentMon, 08 Apr 2019
Basis of AllotmentMon, 22 Apr 2019
Initiation of RefundsTue, 23 Apr 2019
Credit of Shares to DematWed, 24 Apr 2019
Listing DateThu, 25 Apr 2019
UPI Mandate Deadline2019-04-15
Application & Investment Details
Retail — Min (1 Lots)₹1,18,000 — 2,000 shares
Retail — Max (13 Lots)₹1,534,000 (13 Lots)
HNI — Min (2 Lots)₹2,36,000 — 4,000 shares
Net Offer to Public68,40,000 shares (aggregating up to ₹40.36 Cr)
Reserved for Market Maker3,60,000 shares (aggregating up to ₹2.12 Cr)
Pre-IPO Promoter Holding1,50,82,000 shares
Post-IPO Promoter Holding2,22,82,000 shares
About Jinaam's Dress Ltd.
Incorporated in 2011, Gujarat based Jinaam's Dress Limited is a manufacturer, distributor and supplier of Indian fusion and ethnic apparels for women. Company's product includes women's clothing such as kurti, dupatta, sarees, lehenga-choli, and scarfs made of satin, georgette, crepe, chiffon, velvet, polyester, cotton, silk, and wool. They also provide dying, printing, embroidery, cutting, stitching, sewing, finishing, inspection, and packing services.They have a presence across 19 states and 4 union territories in the country. They operate a retail store for women's apparel located at The Gateway Hotel, Surat, Gujarat. They also tied-up with Mandola e-Trade Pvt Ltd to use its e-commerce platform for online marketing and selling women apparels. They have a manufacturing unit producing 5,00,000 meters/month capacity for apparel material. Based on current market trends they have introduced around 134 product catalogues each of which comprises an average of around 8-10 designs during FY 2017-18.The company has a brand portfolio which includes FORMM, TIARAA, ZAREEN, ASMIRA, ROMA, BAHNI, HEROINE, FLORAL CREATION and JINAAM. The company also exports fabrics to different countries namely Nepal, UK, Afghanistan, Mauritius, and Dubai through international dealers and merchants.The competitive strengths of the company are:1. Innovative product designs2. Diversified Product Portfolio3. In-house Manufacturing facility
Objects of the Issue
Jinaam's Dress Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchase of machinery
7.00
2
2 Augmenting the long term working capital requirements of the Company
18.00
3
3 Repayment/ Pre-payment of certain Debt facilities availed by the Company
5.00
4
4 General Corporate Purposes
8.72
5
5 Issue related expenses
3.76
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,50,82,000 shares
Post-IPO Promoter Holding
2,22,82,000 shares