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Jinaam’s Dress Limited IPO

Jinaam's Dress Limited IPO full details

Jinaam’s Dress Limited IPO

What does company do?

Jinaam’s Dress Limited is one of the manufacturers of Indian ethnic and fusion wear for women.They design, manufacture, and market-wide portfolio of women’s apparels across multiple brands.They also have an exclusive tie up with e-commerce platform www.manndola.com, owned by one of the Group Company, for marketing and selling of the products.They offer a wide range of Indian ethnic and fusion wear for woman which includes ‘lehenga-choli’, ‘kurti’, ‘dupatta’, scarfs and ‘sarees’ of various fabrics such as satin, georgette, crepe, chiffon, velvet, polyester, cotton, silk, wool etc. that caters to a wide variety of the wardrobe requirements of the Indian woman, including every-day wear, casual wear, work wear, evening wear, party wear and occasion-wear at various price range.The current brand portfolio includes “JINAAM’.”, “FLORAL CREATION”, “ROMA”, “ASMIRA”, “HEROINE”, “BAHNI”, “ZAREEN”, “TIARAA” and “FORMM”.

Background & History of the Company

Jinaam’s Dress Limited have an installed manufacturing capacity of 5,00,000 mtrs/month for dress materials. The manufacturing process starts with processing of procured grey fabrics, dying, printing, embroidery, cutting, stitching, sewing, finishing, inspection and packing of the final products.The distribution channel currently covers states of Gujarat, Punjab, Delhi, Haryana, Jammu & Kashmir, Maharashtra, Karnataka, West Bengal, Madhya Pradesh, Kerala, Telangana, and Uttar Pradesh. They also cater international market in countries such as the United Kingdom, Dubai, Nepal, Pakistan, Afghanistan, and Mauritius directly or through merchant exporters and bulk fabric dealers.The current brand portfolio includes “JINAAM’.”, “FLORAL CREATION”, “ROMA”, “ASMIRA”, “HEROINE”, “BAHNI”, “ZAREEN”, “TIARAA” and “FORMM”.During FY 2017-18 we have introduced around 134 product catalogues each of which comprises an average of around 8-10 designs.

Promoters of the Company

The Company is promoted by Rahul Hemraj Oswal, Vishal Hemraj Oswal and Pritam Hemraj Oswal, who are all well experienced in the textile and fashion industry.

Object of the Issue

1) Purchase of Machinery

2) Augmenting the long term working capital requirements of our Company

3) Repayment of certain debt facilities availed by our Company

4) General corporate purposes

5) To meet the Issue related expenses

Lead Manager of the Company

  1. SMC Capitals Limited

Registrar of the Company

  1. Bigshare Services Private Limited

IPO Issue Details

Open Date: Apr 09 2019
Close Date: Apr 15 2019
Total Shares: 7,200,000
Face Value: Rs 10 Per Equity Share
Issue Type: Fixed Price IPO
Issue Size: 42.48 Cr.
Lot Size: 2000 Shares
Issue Price: Rs 59 Per Equity Share
Listing At: BSE SME
Listing Date: Apr 25 2019

 

 

 

 

 

 

 

 

 

 

Allotment Process 

You can contact your share broker and ask them for your allotment.

Listing Performance

Finalisation of Basis of Allotment :22 Apr 2019

Initiation of refunds : 23 Apr 2019

Transfer of shares to demat accounts :24 Apr 2019

Listing Date :25 Apr 2019

Valuations

Earnings Per Share (EPS) :2.49

Price/Earnings (PE ratio) :23.69

Return on Net Worth (RONW) :8.4%

Net Asset Value (NAV) : To be Updated

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