Sahaj Fashions Limited IPO Detail
Incorporated in 2011, Sahaj Fashions Limited manufactures fabric for garment making, home furnishings, and industrial applications.
The company manufactures cotton suiting fabric and cotton shirting fabric, polyester-based and cotton-polyster blended fabrics. It also manufactures cotton yarn-dyed fabrics which are its most in-demand product in the garment manufacturing industry.
Sahaj's product list includes Piece Dyed Shirtings, Cotton Yarn Dyed Shirtings, Cotton yarn dyed Chambray, and Cotton fabric for Self Designed Shirting from count 40s to 100s in the Shirtings segment; Cotton Spandex Fabric, Cotton Suiting Fabric, Cotton Dobby Designs, and Cotton Power Lycra Fabrics in the Suitings segment; Slub Yarn Fabrics and Linen Fabrics in the Fancy Fabrics segment; and Cotton Duck Fabric, Cotton Drill Fabric, Cotton Twill Fabric, and Cotton Tusser Fabric in the Industrial Cloth segment.
Sahaj Fashions' manufacturing unit is located on Kishangarh Bhilwara Express Highway i.e. NH 79, at village Srinagar District Ajmer.
The company recorded Rs. 6998.59 Lakhs in total revenue in the fiscal 2022.
Company Promoters
Mr. Rohit Toshniwal, Ms. Sadhana Toshniwal, Mr. Norat Mal Choudhary and Ms. Prabha LakhotiaIPO Details
| IPO Opening Date | Aug 21, 2023 |
| IPO Closing Date | Aug 24, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹30 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹13.20 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 2 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 3 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 4 | - | - | 0.00x | 0.00x | 0.00x |
IPO Tentative Timetable
The Sahaj Fashions Limited IPO open date is Aug 21, 2023, and the close date is Aug 24, 2023. The issue may list on Sep 01, 2023.
| IPO Open Date | Aug 21, 2023 |
| IPO Close Date | Aug 24, 2023 |
| Basis of Allotment Date | Aug 29, 2023 |
| Initiation of Refunds | Aug 30, 2023 |
| Credit of Shares to Demat Account | Aug 31, 2023 |
| IPO Listing Date | Sep 01, 2023 |
IPO Lot Size
The Sahaj Fashions Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹120000 |
| Maximum | 1 | 4000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 97.95% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 6476.39 | 9933.61 | 29.32 |
| 31-Mar-21 | 6711.73 | 7475.54 | 32.14 |
| 31-Mar-22 | 6998.59 | 8698.36 | 41.90 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working capital requirements including margin money,
- Prepayment/repayment of certain secured borrowings availed by the company,
- General corporate purpose and offer expenses.
Sahaj Fashions Limited IPO Registrar:
Bigshare Services Pvt Ltd
Sahaj Fashions Limited IPO Lead Manager(s):
Khambatta Securities Limited
Company Contact Information:
Sahaj Fashions Limited
Shree Bhawan, Ajmer Road,
Madanganj,
Kishangarh - 305801
