IPO Issue Details
Issue Price / Price Band₹16 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size10,00,000 shares (aggregating up to ₹1.60 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 25 Jun 2015
Subscription CloseMon, 29 Jun 2015
Anchor AllotmentWed, 24 Jun 2015
Basis of AllotmentSun, 05 Jul 2015
Initiation of RefundsMon, 06 Jul 2015
Credit of Shares to DematMon, 06 Jul 2015
Listing DateFri, 10 Jul 2015
UPI Mandate Deadline2015-06-29
Application & Investment Details
Retail — Min (1 Lots)₹1,28,000 — 8,000 shares
Retail — Max (13 Lots)₹1,664,000 (13 Lots)
HNI — Min (2 Lots)₹2,56,000 — 16,000 shares
Net Offer to Public9,44,000 shares (aggregating up to ₹1.51 Cr)
Reserved for Market Maker56,000 shares (aggregating up to ₹0.0896 Cr)
Pre-IPO Promoter Holding16,92,270 shares
Post-IPO Promoter Holding26,92,270 shares
About Junction Fabrics & Apparels Ltd.
Incorporated in 2011, Junction Fabrics And Apparels Ltd (JFAL) is engaged in the business of garment manufacturing and selling both Knitted Fabric as well as Garments. Its range of garment products covers all the age group segments such as kids wear, mens wear, ladies wear, boys & girls wear. JFAL uses variety of knitted fabrics such as 100% cotton, 100% polyester, blended (cotton and polyester) and printed polyester fabrics in the production of garments and selling it to domestic garment manufacturers.JFAL sales around 80% of its products in domestic markets and the rest to Middle East Countries such UAE, Kuwait, Qatar, Bahrain, Saudi where there is demand for company's products as there are sizeable expatriates living in these countries. JFAL manufactures 100% cotton fabrics by supplying Yarn to the Mills for Knitting, Dyeing, Printing, Compacting factories.
Objects of the Issue
Junction Fabrics & Apparels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Working Capital Requirement
1.14
2
2 Public Issue Expenses
0.47
Shareholding & Lock-in
Pre-IPO Promoter Holding
16,92,270 shares
Post-IPO Promoter Holding
26,92,270 shares