| Jash Engineering Ltd |
|---|
| Registered Office: 31 Sector-C Industrial Area, Sanwer Road, Indore - 452015, Madhya Pradesh |
| Phone: 91-731-2720143/2721143/4232900 |
| 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 | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | Allotment |
| 28-Sep-2017 | 03-Oct-2017 | ₹ 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 | 48.01 | Systematrix Corporate Services Ltd |
| Project Financed through Current Offer | 48.01 | |
| Post Issue Equity Share Capital | 11.84 | |
| Issue Price | ₹120.00 | |
| 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 |
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| Laxminandan Amin |
| Pratik Patel |
| Bhairavi Patel |
| Listing At |
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| NSE - SME |
| Registrar to the Issue |
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