Artedz Fabs IPO is all about to make its debut on 18 March 2019 with issue size of INR 8.32 cr
Artedz Fabs Limited, a Mumbai-based company founded in 2006, trades and produces cotton yarn-dyed textiles for shirts and suits. They take orders from both Local and foreign markets thanks to their in-house design team and knowledge of grey fabrics. It has a sizable manufacturing facility in Bhiwandi, Maharashtra, with an annual production capacity of 21 lakh square metres of fabrics.
Cotton fabric, linen fabric, polyester fabric, nylon fabric, and mixed fabric are some of the company’s best-selling items. The business manages its inventory level and costs according to the just-in-time principle, which implies that it manufactures its items in accordance with customer orders. The business specialises in producing both summer and winter men’s clothes. Artedz intends to increase operations for women’s clothing as well. The business sells its goods to traders working in the textile sector. They also sell the fabric to businesses that are involved in the production of clothing.
Industry Overview
India’s centuries-old textile sector continues to provide a considerable economic contribution, making up about 15% of all exports from the nation. With nearly 51 million people employed directly and 68 million indirectly, the industry is highly labor-intensive. It is divided into two categories: the unorganised sector, which consists of handloom, handicraft, and sericulture, and the organised sector, which consists of spinning, apparel, and garment production utilising contemporary equipment and methods. India’s textile sector is diverse, ranging from mills that require a lot of cash to hand-spun and hand-woven textiles. Also, the industry is strongly related to agriculture, and India’s textile sector can generate a wide variety of goods for many domestic and international market niches.
Artedz Fabs IPO Details
| IPO Date | Mar 18, 2019 to Mar 20, 2019 |
| Listing Date | Friday, March 29, 2019 |
| Face Value | ₹10 per share |
| Price | ₹34 to ₹36 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,310,000 shares of ₹10(aggregating up to ₹8.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Artedz Fabs IPO Tentative Dates
Artedz Fabs IPO opens on Mar 18, 2019, and closes on Mar 20, 2019. The Artedz Fabs IPO bid date is from Mar 18, 2019 10.00 A.M. to Mar 20, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
| Opening Date | Mar 18, 2019 |
| Closing Date | Mar 20, 2019 |
| Basis of Allotment | Mar 26, 2019 |
| Initiation of Refunds | Mar 27, 2019 |
| Credit of Shares to Demat | Mar 28, 2019 |
| Listing Date | Mar 29, 2019 |
Company Financials
| Particulars | For the year/period ended (in Rs. lakhs) | ||||||
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 7,408.60 | 6,148.14 | 4,425.21 | 3,645.31 | 3,911.65 | 2,913.91 | |
| Total Revenue | 3,663.49 | 6,433.90 | 5,310.81 | 3,877.97 | 3,097.82 | 2,652.05 | |
| Profit After Tax | 254.25 | 351.85 | 178.87 | (35.55) | (77.08) | (44.86) |
Objects of the Issue
The Objects of the Issue are:
1. financing the company’s working capital needs
2. general corporate purposes
Artedz Fabs IPO Prospectus
Company Contact Information
Artedz Fabs Limited
206, Gambhir Industrial Estate,
Opp. Paramount Print, Off Aarey Road
Goregaon (East), Mumbai – 400063
Phone: +91 022 29276278
Email: investors@artedzfabs.com
Website: http://www.artedzfabs.com
Artedz Fabs IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Artedz Fabs IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
