Sahaj Fashions IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Sahaj Fashions IPO will open on August 25 and close on August 29, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 13.96 crore through this public offering, consisting of 46.52 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 30 per share.
Sahaj Fashions Limited (“the Company”)
Incorporated in 2011, Sahaj Fashions Limited is engaged in the manufacturing of high-standard fabric that is used for various purposes such as garments, home furnishings, industrial applications, etc.
Sahaj Fashions Limited has expertise in manufacturing primarily cotton suiting fabric and cotton shirting fabric, apart from polyester-based and cotton-polyester blended fabrics. They also manufacture cotton yarn-dyed fabrics, which are, according to us, almost always in demand by the garment manufacturing industry. At present, its sales have penetrated its home state of Rajasthan as well as some other states like Gujarat, Maharashtra, and Delhi.
In 2014, it exposed its product to international markets through Merchant exporters, in which they did not have to face the risk of forex fluctuation. In 2015, the company decided to expand with backward integration, which is a pre-process of fabric weaving.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Working capital requirements, including margin money,
- Prepayment or repayment of certain secured borrowings availed by the company,
- General corporate purpose and offering expenses.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1,651.72 | 1,437.40 | 1,395.90 | 1,363.75 |
| Total Assets | 6,891.19 | 6,998.59 | 6,711.73 | 6,476.39 |
| Reserve & Surplus | 910.50 | 696.18 | 654.68 | 622.54 |
| Total Borrowings | 1,588.99 | 1,795.46 | 1,608.65 | 1,019.03 |
| Total Revenue | 6,112.27 | 8,698.36 | 7,475.54 | 9,933.61 |
| Profit After Tax | 214.32 | 41.90 | 32.14 | 29.32 |
IPO details
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 30 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 4,000 shares |
| Issue Size | 4,652,000 shares (aggregating up to ₹ 13.96 crores) |
| Fresh Issue | 4,476,000 shares (aggregating up to ₹ 13.43 crores) |
| Offer for Sale | 176,000 shares (aggregating up to ₹ 0.53 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | NNM Securities |
| Market maker portion | 236,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% |
| Retail shares offered | Not less than 50% of the offer |
GMP: Sahaj Fashions IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Sahaj Fashions IPO
The issue opens for subscription on August 25, 2023, and closes for subscription on August 29, 2023 (both days inclusive). The basis of allotment will be finalised on September 1, 2023, and the refunds will be initiated on September 04, 2023. In addition, the demat credits are expected to happen on September 5, 2023, and the stock will be listed on the NSE SME on September 6, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 25, 2023, |
| Closing Date | August 29, 2023 |
| Basis of Allotment | September 01, 2023 |
| Initiation of Refunds | September 04, 2023 |
| A credit of shares to Demat A/c | September 05, 2023 |
| Listing Date | September 06, 2023 |
Lot Size
The lot size of the Sahaj Fashions IPO is 4,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 4,000 shares of ₹ 120,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 4,000 | ₹ 120,000 |
| Retail (Maximum) | 1 | 4,000 | ₹ 120,000 |
| HNI (Minimum) | 2 | 8,000 | ₹ 240,000 |
Promoters Holdings
Mr. Rohit Toshniwal, Ms. Sadhana Toshniwal, Mr. Norat Mal Choudhary, and Ms. Prabha Lakhotia are the promoters of the company.
| Pre-issue Shares Holdings | 97.95% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Sahaj Fashions Limited Shree Bhawan, Ajmer Road, Madanganj, Kishangarh – 305801 Phone: +91 9462788792 Email: cfo@sahajfashions.in Website: https://sahajfashions.in/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
| IPO Lead Manager(s) | Khambatta Securities Limited |
FAQs
What is Sahaj Fashions’ IPO price?
The Sahaj Fashions IPO price is ₹ 30 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Sahaj Fashions IPO contains 4,000 shares of ₹ 120,000.
When will the Sahaj Fashions IPO allotment be available?
The finalisation of the basis of allotment for the Sahaj Fashions IPO will be done on September 01, 2023, and the allotted shares will be credited to your demat account by September 05, 2023. Check the Sahaj Fashions IPO allotment status.
When will the Sahaj Fashions IPO list on exchanges?
The Sahaj Fashions IPO shares listing date is September 06, 2023.
