Jinaam’s Dress Limited, a Surat, Gujarat based manufacturers of Indian ethnic and fusion wear for women, is issuing the IPO (Initial Public Offering). Equity shares of face value Rs 10 are being offered during the issue at a price of Rs 59 per equity share including a premium price of Rs 49. In this issue, 72,00,000 equity shares worth Rs 42.48 crore are to be launched. Jinaam Dress IPO issue opens on 9th April 2019 and it closes on 15th April 2019. After allocation, the shares will be listed on the SME platform of BSE (Bombay Stock Exchange).
About Jinaam’s Dress Limited
Jinaam’s Dress Limited was incorporated in the year 2011 in Surat, Gujarat. This company is engaged in the business of manufacturing of Indian ethnic and fusion wear for women. It designs, manufactures and do the marketing of a wide portfolio of women’s apparels across multiple brands. They sell their products through the distribution network spread across 19 states and 4 union territories in India. It operates a retail store for women’s apparel located at The Gateway Hotel, Surat, Gujarat. They also have a tie-up with e-commerce platform www.manndola.com, owned by one of their group company, for online marketing and selling of products.
This company offers a wide range of Indian ethnic and fusion wear for woman which includes lehenga-choli, kurti, dupatta, scarfs and sarees of various fabrics such as satin, georgette, crepe, chiffon, velvet, polyester, cotton, silk, wool etc. that caters to wide variety of the wardrobe requirements of the Indian woman, including every-day wear, casual wear, work wear, evening wear, party wear and occasion-wear at various price range. The company does the business with brand names “JINAAM’.”, “FLORAL CREATION”, “ROMA”, “ASMIRA”, “HEROINE”, “BAHNI”, “ZAREEN”, “TIARAA” and “FORMM”. This company is promoted by Rahul Hemraj Oswal, Vishal Hemraj Oswal and Pritam Hemraj Oswal. As on 30th November 2018, the total assets of the company stands at Rs 14,979.73 lakhs and total revenue stands at Rs 9,510.54 lakhs.
Jinaam Dress IPO – Issue Details
| Issue Type | Fixed Price IPO Issue |
|---|---|
| Issue Opens | 9th April 2019 |
| Issue Closes | 15th April 2019 |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 49-59 Per Equity Share |
| Issue Size | 72,00,000 Equity Shares (Rs 42.48 crores) |
| Market Lot | 2,000 Shares |
| Minimum Order Quantity | 2,000 Shares |
| Listing | BSE SME |
Jinaam Dress IPO – Objects of the Issue
The following are the objects this upcoming IPO Issue:-
- Purchase of machinery for the company.
- Augmenting the long term working capital requirements of the company.
- Repayment of certain debt facilities availed by the company.
- General corporate purposes.
- To meet the Issue related expenses
Jinaam Dress IPO – Company Contact Details
Registered Address: Plot No. 524, Road No. 5, GIDC, Sachin, Surat, Gujarat – 394230
Telephone: +91-261-2398505
Website: www.jinaam.com
Jinaam Dress IPO – Lead Manager to the Issue
The lead manager to this upcoming IPO issue by Jinaam’s Dress Limited is SMC Capitals Limited.
Jinaam Dress IPO – Registrar to the Issue
The registrar to this upcoming IPO issue by Jinaam’s Dress Limited is Bigshare Services Private Limited.
Jinaam Dress IPO Issue Prospectus
Click here to read the final issue prospectus of this upcoming IPO.
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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 #Jinaam Dress Limited IPO #Jinaam Dress IPO
