IPO Issue Details
Issue Price / Price Band₹45 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size34,74,000 shares (aggregating up to ₹15.63 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 31 Jul 2014
Subscription CloseTue, 05 Aug 2014
Anchor AllotmentWed, 30 Jul 2014
Basis of AllotmentMon, 11 Aug 2014
Initiation of RefundsTue, 12 Aug 2014
Credit of Shares to DematTue, 12 Aug 2014
Listing DateWed, 20 Aug 2014
UPI Mandate Deadline2014-08-05
Application & Investment Details
Retail — Min (1 Lots)₹1,35,000 — 3,000 shares
Retail — Max (13 Lots)₹1,755,000 (13 Lots)
HNI — Min (2 Lots)₹2,70,000 — 6,000 shares
Net Offer to Public33,00,000 shares (aggregating up to ₹14.85 Cr)
Reserved for Market Maker1,74,000 shares (aggregating up to ₹0.7830 Cr)
Pre-IPO Promoter Holding97,00,000 shares
Post-IPO Promoter Holding1,31,74,000 shares
About Vishal Fabrics Ltd.
Incorporated in 2014, Vishal Fabrics Limited (VFL) is a flagship Company of Chiripal Group, Ahmedabad and is recognized as a leading process house with a capacity to produce 100 million meter processed fabric per annum. VFL is engaged in the business of dyeing, printing and processing of fabrics of its own and also on job work basis.Company procures mainly Grey Fabric and dyes, prints and finishes the same as per the client’s requirements. The processing unit of the Company is based in Narol, Ahmedabad, Gujarat. The plant has the capacity to print, dye and process wide range of fabrics i.e. cotton, polyester, viscose and man-made & blended fabrics suitable for men’s wear, women’s wear, home furnishing and many other applications.
Objects of the Issue
Vishal Fabrics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding Long Term Working Capital Requirements
14.00
2
2 Funding expenditure for General Corporate Purposes
1.03
Shareholding & Lock-in
Pre-IPO Promoter Holding
97,00,000 shares
Post-IPO Promoter Holding
1,31,74,000 shares