Listing Details
- Listing Exchange NSE SME
- Listing Date 06-Sep-23
- IPO Price Range ₹ 30
- Listing Price ₹ 31
- Listing Change 3.3%
- Last Traded Price ₹ 22.95
- Current Change -23.5%
Sahaj Fashions IPO Details
- Open Date 25-Aug-23
- Close Date 29-Aug-23
- Lot Size 4000
- IPO Size ₹ 13.96 Cr
- IPO Price Range ₹ 30
- Min Investment ₹ 120,000
- Listing Exchange NSE SME
- Basis of Allotment 01-Sep-23
- Refunds 04-Sep-23
- Credit to Demat Account 05-Sep-23
- Listing Date 06-Sep-23
Sahaj Fashions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Aug-23 | - | 0.68 | 1.58 | 1.13 |
| 28-Aug-23 | - | 1.12 | 6.14 | 3.63 |
| 29-Aug-23 | - | 3.77 | 11.71 | 7.75 |
Sahaj Fashions IPO Synopsis
Sahaj Fashions IPO is all set to open from 25th August to 29th August 2023. The company produces fabric for garment making, home furnishings, and industrial applications. The IPO includes a fresh issue of 4,476,000 shares worth ₹13.43 cr and an OFS of 176,000 shares worth ₹0.53 cr. The IPO size is ₹13.96 cr. The share allotment date is 1st September, and the IPO will be listed on 6th September on the stock exchanges. The price band is ₹30 per share and the lot size is 4000 shares.
Khambatta Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Sahaj Fashions IPO:
Sahaj Fashions Limited plans to utilize the raised capital from the IPO to:
● Prepayment/repayment of secured borrowings
● Fulfill the working capital requirements
● For general corporate purposes
● To fund the public issue
About Sahaj Fashions
Established in 2011, Sahaj Fashions Limited is involved in the production of high-quality fabric utilized for various purposes like clothing, home furnishings, and industrial applications. Their expertise primarily lies in the manufacturing of cotton suiting and shirting fabrics, alongside fabrics made from polyester and cotton-polyester blends. They also manufacture cotton yarn-dyed fabrics, which are consistently in demand within the garment manufacturing industry. At present, their sales have made inroads not only in their home state of Rajasthan but also in other states such as Gujarat, Maharashtra, and Delhi.
In 2014, Sahaj Fashions extended its product reach to international markets via Merchant Exporters. This strategic move ensured that they could avoid exposure to forex fluctuations since their products were exclusively sold to their Indian counterparts.
Peer Comparison
● Arvind Limited
● RSWM Limited
● Vardhman Textiles Limited
For More Information:
Webstory on Sahaj Fashions IPO
Sahaj Fashions IPO GMP
Sahaj Fashions Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 86.96 | 74.70 | 99.31 |
| EBITDA | 5.54 | 5.58 | 5.83 |
| PAT | 0.42 | 0.32 | 0.29 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 69.98 | 67.11 | 64.76 |
| Share Capital | 7.41 | 7.41 | 7.41 |
| Total Borrowings | 55.61 | 53.16 | 51.13 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 3.12 | -0.996 | 4.23 |
| Net cash from / (used in) investing activities | -0.20 | 0.021 | 0.025 |
| Net cash flow from / (used in) financing activities | -1.63 | 1.06 | -4.80 |
| Net increase (decrease) in cash and cash equivalents | 1.29 | 0.081 | -0.54 |
Sahaj Fashions IPO Key Points
-
Strengths
1. Sahaj Fashions uses international technology of looms for manufacturing the fabric.
2. The company has been able to sustain customers and acquire repeat orders.
3. It has an installed capacity to cater to a higher demand for fabric.
4. A comprehensive portfolio which includes Cotton Shirting Fabric, Cotton Suiting Fabric, Cotton Lycra Fabrics, Polyester Uniform Fabric, etc.
5. Established presence and a strong distribution system.
-
Risks
1. No stability in profit numbers.
2. Negative cash flows.
3. The company is subjected to certain financial restrictions imposed by its lenders.
4. Certain contingent liabilities can impact its business operations.
5. Operates in a competitive domestic market.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Sahaj Fashions IPO FAQs
What is the minimum lot size and investment required for the Sahaj Fashions IPO?
The minimum lot size of Sahaj Fashions IPO is 4000 shares and the investment required is ₹1,20,000.
What is the price band of the Sahaj Fashions IPO?
The price band of the Sahaj Fashions IPO is ₹30 per share.
When does the Sahaj Fashions IPO issue opens and closes?
Sahaj Fashions IPO is open from 25th August to 29th August 2023.
What is the size of the Sahaj Fashions IPO issue?
The Sahaj Fashions IPO size is ₹13.96 cr.
What is the allotment date of the Sahaj Fashions IPO?
The share allotment date of Sahaj Fashions IPO is 1st September 2023.
What is the Sahaj Fashions IPO listing date?
The Sahaj Fashions IPO will be listed on 6th September 2023.
Who are the book runners for the Sahaj Fashions IPO?
Khambatta Securities Limited is the book-running lead manager for Sahaj Fashions IPO.
What is the objective of Sahaj Fashions IPO?
Sahaj Fashions plans to utilize the raised capital from the IPO to:
1. Prepayment/repayment of secured borrowings
2. Fulfill the working capital requirements
3. For general corporate purposes
4. To fund the public issue
How to apply for the Sahaj Fashions IPO?
To apply for Sahaj Fashions IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Sahaj Fashions Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Sahaj Fashions IPO
Contact Information
Sahaj Fashions Limited
Shree Bhawan, Ajmer Road,
Madanganj, Kishangarh - 305801
Phone: +91 9462788792
Email: cfo@sahajfashions.in
Website: https://sahajfashions.in/
Sahaj Fashions IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Sahaj Fashions IPO Lead Manager
Khambatta Securities Limited