Jash Engineering IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,899,600 (47%) | — | ₹2,280 Cr |
| NII (HNI) | — | 570,000 (14%) | — | ₹684 Cr |
| Retail | — | 1,330,800 (33%) | — | ₹1,597 Cr |
| Market Maker | — | 200,400 (5%) | — | ₹24 Cr |
| Σ Total | — | 4,000,800 (100%) | — | ₹48,010 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹144,000 |
| Retail (Max) | 13 | 15,600 | ₹1,872,000 |
| S-HNI (Min) | 14 | 16,800 | ₹2,016,000 |
| B-HNI (Min) | 67 | 80,400 | ₹9,648,000 |
Financial Statements Amount in Lacs
| Metric | 31.03.2017 | 31.03.2016 | 31.03.2015 |
|---|---|---|---|
| Revenue | 14,783 | 11,305 | 11,201 |
| Profit After Tax | 1,051 | 875 | 783 |
| Net Worth | 8,373 | 7,520 | 6,998 |
| Total Assets | 18,249 | 16,135 | 15,744 |
| Reserves & Surplus | 7,976 | 7,145 | 6,449 |
| Total Borrowing | 399,049 | 399,049 | 399,049 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet working capital requirement of the Company, Expansion of Manufacturing facilities at Unit III, to acquire land in SEZ Pithampur and then to set- up a new manufacturing plant (i.e. Unit IV) in SEZ Pithampur to cater to increased export business resulting out of acquisition of Rodney Hunt in USA and Mahr Maschinenbau GmbH in Austria and for General Corporate Purpose. – 23.13
- Fund required for exit of Pragati Fund India Limited including OFS and Pre IPO placement – 20.88
Company Overview
Jash Engineering Ltd is Gwalior, MP based company is engaged in manufacturing of wide range of products used in water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, water transmission lines, power, steel, cement, paper & pulp, petrochemicals, chemical, fertilizers and other process plants.
Company design, develop and market products like water control gates, flap valves, knife gates valves, energy dissipating valves, water hammer control valves, fine and coarse screens, screening conveying equipment, screening washing and compaction equipment, industrial valves for bulk solids handling, hydro power screw generator, screw pump and process equipment like detritors, clarifiers, clariflocculators, thickeners, decanters aerators, trickling filters, dissolved air flotation (DAF) units, rotary drum slackers, rake classifiers, pressure sand filters, etc. for water, water waste and effluent treatment plants.
Jash Engineering Design, Casting, Fabrication, and Assembly & Test all products it manufacture. Company caters to the domestic as well as international markets. Jash Engineering has 500 employees.