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16 December 2017

IPO Synopsis

Jash Engineering Ltd
Registered Office: 31 Sector-C Industrial Area,Sanwer Road , Indore - 452015 , Madhya Pradesh , India.
Phone : 91-731-2720143/2721143/4232900   Fax:91-731-2720499
Email :  NA  
Website :  www.jashindia.com
Initial public offering of 40,00,800 equity shares of face value of (Rs)10 each ("equity shares") of Jash Engineering Limited (the "company" or the "issuer") for cash at a price of (Rs)120 per equity share including a share premium of (Rs)110 per equity Share (the "offer price"), aggregating to (Rs)48.01 Crores (the "offer") comprising of a fresh issue of 22,61,198 equity shares By the company aggregating to (Rs)27.13 crores (the "fresh issue") and an offer for sale of 17,39,602 equity shares aggregating up to (Rs)20.88 Crores by Pragati India Fund Limited, (the "selling shareholder") ("offer for sale"). And together With fresh issue ("the offer"). The offer comprises 2,00,400 equity shares of face Value of (Rs)10 each for cash at a price of (Rs)120 per equity share, aggregating up to (Rs)2.40 Crores reserced for subscription by the market maker to the offer (the "market maker reservation portion"). The offer less market maker reservation portion i.e. 38,00,400 equity shares of face value of (Rs)10 each for cash at a price of (Rs)120 per equity share, aggregating (Rs)45.60 crores is hereinafter referred to as the "net offer". The offer and the net offer will constitute 33.80% and 32.11%, respectively of the post offer paid up equity share Capital of the company. The face value of the equity shares is (Rs)10 each. The offer price is (Rs)120 is 12.00 times the face value of each equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
28-Sep-17 03-Oct-17 (Rs)120.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 48.01
Systematrix Corporate Services Ltd
Project Financed through Current Offer 48.01  
Post Issue Equity Share Capital 11.84  
Issue Price (Rs)120.00  
 
Projects
To meet working capital requirement of the companyGeneral Corporate purposes
Expansion of manufacturing facilities at Unit IIIFund required for exit of Pragati Fund India Ltd i e Proceeds for OFS
To acquire leased land and to set-up new manufacturing plant at SEZ Pithampur (i e Proposed unit IV)
Promoted By
Laxminandan Amin  
Pratik Patel  
Bhairavi Patel  
Listing At
NSE - SME 
Registrar to the Issue
Link Intime India Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS