Business Standard

Jash Engineering Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

48.01 cr

Price Range (₹)

120

Lot Size

1200

Min Investment (₹)

1,44,000.00

Listing Exchange

NSE - SME

Open Date

28-Sept-2017

Close Date

03-Oct-2017

Listing Date

11-Oct-2017

Jash Engineering Ltd News

    The Shares of Jash Engineering Ltd have now been listed.

    Jash Engineering Ltd IPO Details

    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.

    Objective of issue

    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.

    Jash Engineering Ltd Contact Details

    Jash Engineering Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email -

    Website - www.jashindia.com