IPO Issue Details
Issue Price / Price Band₹120 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size40,00,800 shares (aggregating up to ₹48.01 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 28 Sep 2017
Subscription CloseTue, 03 Oct 2017
Anchor AllotmentWed, 27 Sep 2017
Basis of AllotmentMon, 09 Oct 2017
Initiation of RefundsTue, 10 Oct 2017
Credit of Shares to DematTue, 10 Oct 2017
Listing DateWed, 11 Oct 2017
UPI Mandate Deadline2017-10-03
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 1,200 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 2,400 shares
Net Offer to Public38,00,400 shares (aggregating up to ₹45.60 Cr)
Reserved for Market Maker2,00,400 shares (aggregating up to ₹2.40 Cr)
Pre-IPO Promoter Holding95,75,400 shares
Post-IPO Promoter Holding1,18,36,598 shares
Fresh Issue Shares20,60,798 shares (aggregating up to ₹24.73 Cr)
Offer for Sale Shares17,39,602 shares of ₹10 (aggregating up to ₹20.88 Cr)
About Jash Engineering Ltd.
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.
Objects of the Issue
Jash Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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
2
Fund required for exit of Pragati Fund India Limited including OFS and Pre IPO placement
20.88
Shareholding & Lock-in
Pre-IPO Promoter Holding
95,75,400 shares
Post-IPO Promoter Holding
1,18,36,598 shares