Jinaam's Dress Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 3,420,000 (48%) | — | ₹2,018 Cr |
| Retail | — | 3,420,000 (48%) | — | ₹2,018 Cr |
| Market Maker | — | 360,000 (5%) | — | ₹21 Cr |
| Σ Total | — | 7,200,000 (100%) | — | ₹42,480 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 | 2,000 | ₹118,000 |
| Retail (Max) | 13 | 26,000 | ₹1,534,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,652,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,906,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Nov-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 9,511 | 15,289 | 13,438 |
| Profit After Tax | 417 | 782 | 288 |
| Total Assets | 14,980 | 14,080 | 10,353 |
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
- 1 Purchase of machinery – 7.00
- 2 Augmenting the long term working capital requirements of the Company – 18.00
- 3 Repayment/ Pre-payment of certain Debt facilities availed by the Company – 5.00
- 4 General Corporate Purposes – 8.72
- 5 Issue related expenses – 3.76
Company Overview
Incorporated in 2011, Gujarat based Jinaam's Dress Limited is a manufacturer, distributor and supplier of Indian fusion and ethnic apparels for women. Company's product includes women's clothing such as kurti, dupatta, sarees, lehenga-choli, and scarfs made of satin, georgette, crepe, chiffon, velvet, polyester, cotton, silk, and wool. They also provide dying, printing, embroidery, cutting, stitching, sewing, finishing, inspection, and packing services.
They have a presence across 19 states and 4 union territories in the country. They operate a retail store for women's apparel located at The Gateway Hotel, Surat, Gujarat. They also tied-up with Mandola e-Trade Pvt Ltd to use its e-commerce platform for online marketing and selling women apparels. They have a manufacturing unit producing 5,00,000 meters/month capacity for apparel material. Based on current market trends they have introduced around 134 product catalogues each of which comprises an average of around 8-10 designs during FY 2017-18.
The company has a brand portfolio which includes FORMM, TIARAA, ZAREEN, ASMIRA, ROMA, BAHNI, HEROINE, FLORAL CREATION and JINAAM. The company also exports fabrics to different countries namely Nepal, UK, Afghanistan, Mauritius, and Dubai through international dealers and merchants.
The competitive strengths of the company are:
1. Innovative product designs
2. Diversified Product Portfolio
3. In-house Manufacturing facility