Jash Engineering IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Sep 2017

Close Date

03 Oct 2017

Allotment

09 Oct 2017

Listing Date

11 Oct 2017

Exchange

NSE SME

Price Band

₹120

Listing Price

See chart

Allotment Status

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Price Band

₹120

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

40,00,800 shares (aggregating up to ₹48.01 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

95,75,400

Promoters

Post-IPO Holding

1,18,36,598

Promoters

UPI Deadline

2017-02-03

Mandate

Anchor AllotmentWed, 27 Sep 2017

Basis of AllotmentMon, 09 Oct 2017

Refund InitiationTue, 10 Oct 2017

Demat CreditTue, 10 Oct 2017

Listing DayWed, 11 Oct 2017

UPI Mandate Deadline2017-02-03

Sale TypeFresh Capital

Net Offer to Public38,00,400 shares (aggregating up to ₹45.60 Cr

Market Maker Quota2,00,400 shares (aggregating up to ₹2.40 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

NSE ListingView on NSE →

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Subscription Rate Final

Jash Engineering IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Oct 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	200,400	—	₹2.40
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,000,800	100%	₹48.01

IPO Shares Offered

Jash Engineering IPO total issue size: ₹48.01 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	200,400	₹2.40	5.01%
Total	4,000,800	₹48.01	100.00%

* Based on upper price band ₹120 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹120.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹288,000
Retail (Max — 13 Lots)	13	15,600	₹1,872,000
S-HNI (Min — 14 Lots)	14	16,800	₹2,016,000
B-HNI (Min — 68 Lots)	68	81,600	₹9,792,000

* Issue Price ₹120 × Lot Size 1,200 shares

IPO Schedule

Anchor

27 Sep 2017

✓ Done

IPO Open

28 Sep 2017

✓ Done

IPO Close

03 Oct 2017

✓ Done

Allotment

09 Oct 2017

✓ Done

Refunds

10 Oct 2017

✓ Done

Demat Credit

10 Oct 2017

✓ Done

Listing Day

11 Oct 2017

✓ Done

₹120.00

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Issue ₹120.00 Live Price

About Jash Engineering

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

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.

Fund required for exit of Pragati Fund India Limited including OFS and Pre IPO placement

Jash Engineering Financials (Amount in Lacs)

Revenue from Operations

₹11,201.5

31.03.2015

₹11,305.3

31.03.2016

₹14,782.8

31.03.2017

Profit After Tax (PAT)

₹783.4

31.03.2015

₹874.7

31.03.2016

₹1,051.1

31.03.2017

Particulars	31.03.2017	31.03.2016	31.03.2015
Revenue from Operations	14782.78	11305.26	11201.46
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	1051.05	874.73	783.37
Net Worth	8372.58	7519.53	6997.79
Total Assets	18249.25	16134.57	15743.84
Reserves & Surplus	7976.15	7144.60	6448.92
Borrowings	399049.00	399049.00	399049.00
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered40,00,800 (100.00%)

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-Issue Promoter Holding95,75,400

Post-Issue Promoter Holding1,18,36,598

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

LINKINTIME INDIA PRIVATE LIMITED

+91-22-4918 6270

jash.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

SYSTEMATIX CORPORATE SERVICES LIMITED

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Jash Engineering IPO subscribed? ▲

Jash Engineering IPO is subscribed 1.00 times by Oct 03, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Jash Engineering IPO retail subscription status? ▼

The Jash Engineering IPO retail category is subscribed 1.00 times as of 03 Oct 2017. The retail portion is oversubscribed.

How to subscribe Jash Engineering IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Sep 2017 and closes 03 Oct 2017. Min investment: ₹144,000 (1 lot = 1,200 shares). UPI mandate: 2017-02-03.

How many times Jash Engineering IPO subscribed? ▼

The Jash Engineering IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Jash Engineering IPO allotment? ▼

Check allotment on the registrar website (LINKINTIME INDIA PRIVATE LIMITED) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 09 Oct 2017. Refunds: on 10 Oct 2017.

When Jash Engineering IPO will be listed? ▼

The Jash Engineering IPO listing date is 11 Oct 2017, Wednesday. Listed on: NSE SME. Issue price: ₹120. Estimated listing: ₹120. GMP: NIL.

When Jash Engineering IPO close? ▼

The Jash Engineering IPO closes on 03 Oct 2017, Tuesday. UPI mandate: 2017-02-03. Allotment: 09 Oct 2017. Listing: 11 Oct 2017.

Quick Actions

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Live Price LIVE

Last Price₹120.00

Change—

Issue Price₹120.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹120

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹120

Subscribed1.00x

Open Date28 Sep 2017

Close Date03 Oct 2017

Allotment09 Oct 2017

Listing Date11 Oct 2017

ExchangeNSE SME

UPI Deadline2017-02-03