Jinaam’s Dress Limited IPO is all about to make its debut on 9 April 2019 with issue size of INR 42.48 cr
Jinaam’s Dress Ltd, a maker, distributor, and seller of Indian fusion and ethnic clothing for ladies, is situated in Gujarat and was founded in 2011. Women’s clothes such as kurtis, dupattas, sarees, lehengas, and scarves made of satin, georgette, crepe, chiffon, velvet, polyester, cotton, silk, and wool are among the company’s products. Also, they offer services for dying, printing, embroidery, cutting, stitching, and sewing, as well as finishing, inspection, and packing.
19 of the 50 states, as well as 4 union territories, have them. In the Gateway Hotel in Surat, Gujarat, there is a retail store selling women’s apparel. Also, they worked together to promote and sell women’s clothing online using Mandola e-Trade Pvt Ltd’s e-commerce platform. They have a plant that can create 5,000 metric tonnes of fabric per month for garments. Based on current market trends, they introduced roughly 134 product catalogues during FY 2017–18, each of which has an average of 8–10 designs.
INDUSTRY OVERVIEW
India’s thriving democracy and strategic partnerships have positioned it as the world’s fastest-growing major economy, with expectations to rank among the top three global economic powers in the next decade or so. Recent GDP growth rates show an increase of 6.6% in 2017-2018, projected to grow to 7.3% in 2018-2019, with a 7.6% growth during the first half of 2018-2019. India is home to over 4,750 technology startups, ranking as the third-largest startup base globally, with 1,400 new startups established in 2016 alone, according to NASSCOM. ASSOCHAM and Thought Arbitrage Research Institute also forecast India’s labor force to reach 160-170 million by 2020 due to population growth, higher education enrollment, and increased labor force participation. As of December 21, 2018, India’s foreign exchange reserves were at US$393.29 billion, based on data from the RBI.
Jinaam’s Dress Limited IPO Details
| IPO Date | Apr 9, 2019 to Apr 15, 2019 |
| Listing Date | Thursday, April 25, 2019 |
| Face Value | ₹10 per share |
| Price | ₹59 per share |
| Lot Size | 2000 Shares |
| Issue Size | 7,200,000 shares of ₹10(aggregating up to ₹42.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Jinaam’s Dress Limited IPO Tentative Dates
Jinaam’s Dress Limited IPO opens on Apr 9, 2019, and closes on Apr 15, 2019. The Jinaam’s Dress Limited IPO bid date is from Apr 9, 2019 10.00 A.M. to Apr 15, 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 | Apr 9, 2019 |
| Closing Date | Apr 15, 2019 |
| Basis of Allotment | Apr 22, 2019 |
| Initiation of Refunds | Apr 23, 2019 |
| Credit of Shares to Demat | Apr 24, 2019 |
| Listing Date | Apr 25, 2019 |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
| 30-Nov-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 14,979.73 | 14,079.68 | 10,353.41 | 11,403.83 | |
| Total Revenue | 9,510.54 | 15,289.06 | 13,438.32 | 13,631.96 | |
| Profit After Tax | 416.99 | 782.11 | 287.54 | 213.57 |
Objects of the Issue
The following list identifies the issues at stake:
1) Equipment purchases
2) Increasing the company’s long-term working capital needs; 3) repaying some debt facilities used by the company
4) Corporate objectives in general
5) To cover issue-related costs
Jinaam’s Dress Limited IPO Prospectus
Company Contact Information
Jinaams Dress Limited
Plot No. 524,
Road No. 5, GIDC,
Sachin, Surat 394 230,
Phone: 0261-2398505
Email: cs@jinaamdresses.com
Website: http://www.jinaam.com/
Jinaam’s Dress Limited IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Jinaam’s Dress Limited IPO Lead Manager(s)
- SMC Capitals Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
