Artez Fabs Limited, a Mumbai based engaged in the business of cotton yarn dyed fabrics is issuing the IPO (Initial Public Offering) in March 2019. The company aims to raise a capital of Rs 8.32 crore through this public issue. The Artedz Fabs IPO will be issued from 18th March 2019 to 20th March 2019 at a price of Rs 34-36 per equity share.
Company Details
Artez Fabs Limited was incorporated in the year 2006 in Mumbai. The company is primarily engaged in the business of manufacturing and trading of textiles fabrics for suitings and shirtings. They are specialized in the manufacturing of textile fabrics using cotton yarns. As a raw material, the company also uses linen yarns and blended yarns. The company primarily focuses on the manufacturing of grey fabrics with high-end and fashion forward designs through its in-house design team. It receives manufacturing orders from both domestic and international markets.
The company is promoted and managed by Mr Kashyap Gambhir and Mr Satbinder Singh Gill. As on 30th September 2018, the net assets of the company stands at Rs 7,408.60 lakhs and the total revenue stands at Rs 3,663.49 lakhs. The PAT (Profit After Tax) of Artez Fabs Limited as on above date stands at Rs 25425 lakhs.
Artez Fabs IPO – Issue Details
| Issue Type | Book Built IPO Issue |
|---|---|
| Issue Starts | 18th March 2019 |
| Issue Closes | 20th March 2019 |
| Face Value | Rs 10 |
| Issue Price | Rs 34-36 Per Equity Share |
| Issue Size | 2,310,000 Equity Shares (Rs 8.32 Crore) |
| Market Lot | 3000 Equity Shares |
| Minimum Order Quantity | 3000 Equity Shares |
| Listing | NSE SME (Emerge) |
Artez Fabs IPO – Objects of the Issue
According to company, the following are the objectives of Artedz Fabs IPO Issue:-
- Funding the requirement of working capital for the company.
- To meet the general corporate purpose.
Artez Fabs IPO – Company Contact Details
Address:-
203, Gambhir Industrial Estate, Opposite Paramount Print, Off Aarey Road, Goregaon (East), Mumbai – 400063.
Telephone: +91-22-29276278
Website: www.artedzfabs.com
Artez Fabs IPO – Lead Manger of the Issue
The lead manager of Artedz Fabs Limited IPO Issue is Pantomath Capital Advisors Private Limited.
Artez Fabs IPO – Registrar to the Issue
The registrar to Artedz Fabs Limited IPO Issue is Bigshare Services Private Limited.
Artez Fabs IPO – Issue Prospectus
Click here to read the Red Hearing Prospectus of Artedz Fabs IPO Issue.
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Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Artedz Fabs IPO #investments #Upcoming IPO Issue
