IPO

Explore our secure online trading, IPO bidding, mutual fund investments, and depository services, all designed to provide seamless transactions, expert insights, and real-time market access for smart investing

Jash Engineering Ltd

Registered Office : 31 Sector-C Industrial Area,Sanwer Road,Indore Madhya Pradesh 452015 Phone : 91-731-2720143/2721143/4232900
Fax : 91-731-2720499

Email :

Website : www.jashindia.com

Initial public offering of 40,00,800 equity shares of face value of Rs.10 each ("equity shares") of Jash Engineering Limited (the "company" or the "issuer") for cash at a price of Rs.120 per equity share including a share premium of Rs. 110 per equity Share (the "offer price"), aggregating to Rs. 48.01 Crores (the "offer") comprising of a fresh issue of 22,61,198 equity shares By the company aggregating to Rs. 27.13 crores (the "fresh issue") and an offer for sale of 17,39,602 equity shares aggregating up to Rs. 20.88 Crores by Pragati India Fund Limited, (the "selling shareholder") ("offer for sale"). And together With fresh issue ("the offer"). The offer comprises 2,00,400 equity shares of face Value of Rs.10 each for cash at a price of Rs.120 per equity share, aggregating up to Rs. 2.40 Crores reserced for subscription by the market maker to the offer (the "market maker reservation portion"). The offer less market maker reservation portion i.e. 38,00,400 equity shares of face value of Rs.10 each for cash at a price of Rs.120 per equity share, aggregating Rs.45.60 crores is hereinafter referred to as the "net offer". The offer and the net offer will constitute 33.80% and 32.11%, respectively of the post offer paid up equity share Capital of the company. The face value of the equity shares is Rs.10 each. The offer price is Rs.120 is 12.00 times the face value of each equity shares.

Issue

Opens On

Closes On

28-Sep-2017

03-Oct-2017

Money Payable On

Application

Allotment

120.00

0.00

Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

48.01

11.84

120.00

Systematrix Corporate Services Ltd

Projects

To meet working capital requirement of the company

Expansion of manufacturing facilities at Unit III

To acquire leased land and to set-up new manufacturing plant at SEZ Pithampur (i e Proposed unit IV)

General Corporate purposes

Fund required for exit of Pragati Fund India Ltd i e Proceeds for OFS

Promoted By

Laxminandan Amin

Pratik Patel

Bhairavi Patel

Listing At

NSE - SME

Registrar to the Issue

MUFG Intime India Pvt Ltd