IPO Issue Details
Issue Price / Price Band₹30 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size46,52,000 shares (aggregating up to ₹13.96 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 25 Aug 2023
Subscription CloseTue, 29 Aug 2023
Anchor AllotmentThu, 24 Aug 2023
Basis of AllotmentFri, 01 Sep 2023
Initiation of RefundsMon, 04 Sep 2023
Credit of Shares to DematTue, 05 Sep 2023
Listing DateWed, 06 Sep 2023
UPI Mandate Deadline2023-08-29
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 4,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 8,000 shares
Net Offer to Public44,16,000 shares (aggregating up to ₹13.25 Cr)
Reserved for Market Maker2,36,000 shares (aggregating up to ₹0.7080 Cr)
Pre-IPO Promoter Holding86,92,160 shares
Post-IPO Promoter Holding1,31,68,160 shares
Fresh Issue Shares42,40,000 shares (aggregating up to ₹12.72 Cr)
Offer for Sale Shares1,76,000 shares of ₹10 (aggregating up to ₹0.5280 Cr)
About Sahaj Fashions Ltd.
Incorporated in 2011, Sahaj Fashions Limited manufactures fabric for garment making, home furnishings, and industrial applications.The company manufactures cotton suiting fabric and cotton shirting fabric, polyester-based and cotton-polyster blended fabrics. It also manufactures cotton yarn-dyed fabrics which are its most in-demand product in the garment manufacturing industry.Sahaj's product list includes Piece Dyed Shirtings, Cotton Yarn Dyed Shirtings, Cotton yarn dyed Chambray, and Cotton fabric for Self Designed Shirting from count 40s to 100s in the Shirtings segment; Cotton Spandex Fabric, Cotton Suiting Fabric, Cotton Dobby Designs, and Cotton Power Lycra Fabrics in the Suitings segment; Slub Yarn Fabrics and Linen Fabrics in the Fancy Fabrics segment; and Cotton Duck Fabric, Cotton Drill Fabric, Cotton Twill Fabric, and Cotton Tusser Fabric in the Industrial Cloth segment.Sahaj Fashions' manufacturing unit is located on Kishangarh Bhilwara Express Highway i.e. NH 79, at village Srinagar District Ajmer.The company recorded Rs. 9,097.58 Lakhs in total revenue for the financial periods ending February 28, 2023.
Objects of the Issue
Sahaj Fashions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirement
6.68
2
Prepayment/repayment of certain secured borrowings availed by our Company
4.20
3
General Corporate Purpose
1.95
Shareholding & Lock-in
Pre-IPO Promoter Holding
86,92,160 shares
Post-IPO Promoter Holding
1,31,68,160 shares