Sahaj Fashions IPO will open for subscription from 25 August 2023. the company aims for an issue size of ₹13.20 Cr through this IPO.
Company Overview
| Full name | Sahaj Fashions Limited |
| Sector | Textile |
| Industry | Textile |
| Company Website | https://sahajfashions.in/ |
About Company
Incorporated in 2011, Sahaj Fashions is engaged in the manufacturing of high-standard fabric which is used for various purposes such as garments, home furnishings, industrial applications, etc. It has expertise in manufacturing primarily cotton suiting fabric and cotton shirting fabric apart from polyester-based and cotton-polyester blended fabrics.
The company also manufactures cotton yarn-dyed fabrics which are almost always in demand by the garment manufacturing industry. At present its sales have penetrated the home state of Rajasthan as well as some other states like Gujarat, Punjab, Maharashtra, and Delhi. Sahaj Fashions manufacturing unit is located on Kishangarh Bhilwara Express Highway i.e. NH 79, at village Srinagar, Ajmer.
The Objective of the Issue
- Working capital requirements including margin money,
- Prepayment/repayment of certain secured borrowings availed by the company,
- General corporate purpose and offer expenses.
IPO Timetable
| IPO Opening date | 25 August 2023 |
| IPO Closing | 29 August 2023 |
| Basis of Allotment | 01 September 2023 |
| Initiation Refund | 04 September 2023 |
| Credit to Demat Account | 05 September 2023 |
| Listing Date | 06 September 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹13.96 Cr – 4,652,000 shares |
| Fresh Issue | ₹13.43 Cr – 4,476,000 shares |
| Offer for sale | ₹0.53 Cr – 176,000 shares |
| Face value | ₹10 per share |
| Offer Price | ₹30 per share |
| Lot size | 4000 Shares |
| Market maker portion | 120,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 8M FY 2023 | |
| Revenue | 99.31 | 74.71 | 86.96 | 61.09 |
| Expenses | 93.51 | 69.17 | 81.44 | 55.09 |
| Net income | 0.29 | 0.32 | 0.42 | 2.14 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.40 | 0.43 | 0.57 |
| PE ratio | – | – | 52.63 |
| RONW (%) | 2.15 | 2.30 | 2.92 |
| NAV | 18.40 | 18.83 | 19.39 |
| ROCE (%) | – | – | – |
| EBITDA (%) | – | – | – |
| Debt/Equity | 2.59 | 2.88 | 2.95 |
Company Promoters
- Mr. Rohit Toshniwal
- Ms. Sadhana Toshniwal
- Mr. Norat Mal Choudhary
- Ms. Prabha Lakhotia
Promoter Holding
| Pre Issue Share Holding | 97.95% |
| Post Issue Share Holding | – |
Lead Manager(s)
KHAMBATTA SECURITIES LIMITED
1 Ground Floor, 7/10, Botawala Building,
9 Bank Street, Hormiman Circle, Fort, Mumbai400001
Phone: 011-41645051, 022-66413315
Email: ipo@khambattasecurities.com
Website: www.khambattasecurities.com
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
SAHAJ FASHIONS LIMITED
Shree Bhawan, Ajmer Road, Madanganj,
Kishangarh – 305801, Rajasthan, India
Phone: +91 9462788792
E-mail: cfo@sahajfashions.in
Website: www.sahajfashions.in
Allotment Status
Sahaj Fashions IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Sahaj Fashions IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
