IPO

Jash Engineering Limited IPO

NSE SME

Offer Date: Sep 28, 2017 - Oct 3, 2017

₹ 276000 /2400 Shares
*Min Investment

28 Sep, 2017

Open Date

03 Oct, 2017

Close Date

06 Oct, 2017

Allotment Date

11 Oct, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 115 - Rs 120 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 40,00,800 Equity Shares of Rs 10 aggregating up to Rs 48.01 Cr
  • Listing at NSE SME
  • Lead Manager Systematix Corporate Services Limited
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion N/A
IPO Details


Jash Engineering Limited IPO is an SME IPO, priced at Rs 115 - Rs 120 Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 28, 2017 to Oct 3, 2017. The allotment is expected to be finalized on Oct 6, 2017, and the tentative listing date is Oct 11, 2017.


The registrar of the IPO is Link Intime India Private Ltd, and

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IPO Subscription Analysis And Details
Retail
2.17x
QIB
2.71x
NII
19.48x
Total
5.04x
As on QIB NII Retail Total
Shares Offered / Reserved 18,99,600 5,70,000 13,30,800 38,00,400
Day 1 28-09-17
0.0 x 0.44 x 0.04 x 0.08 x
Day 2 29-09-17
0.95 x 0.59 x 0.23 x 0.64 x
Day 3 03-10-17
2.71 x 19.48 x 2.17 x 5.04 x
Valuations
Earnings Per Share (EPS) Rs 8.67
P/E Ratio 13.84
RoNW 12.26%
Net Asset Value (NAV) Rs 87.47
IPO - Issue Objectives
1

To meet working capital requirement of the Company which include Expansion of Manufacturing facilities at Unit III and set up a new manufacturing plant in SEZ Pithampur

2

Fund required for exit of Pragati Fund India Limited including OFS and Pre IPO placement

3

To meet the Offer Expenses