IPO – 7 things to know before Sahaj fashions limited

ipo-sahaj fashions limited

Overview of IPO:

Company Overview:

  • Sahaj Fashions Limited ipo: Incorporated in 2011.
  • Specializes in manufacturing fabric for garment making, home furnishings, and industrial applications.

Fabric Types:

  • Cotton Suiting Fabric: Manufacturing of cotton suiting fabric.
  • Cotton Shirting Fabric: Production of cotton shirting fabric.
  • Blended Fabrics: Manufacturing of polyester-based and cotton-polyester blended fabrics.
  • Cotton Yarn-Dyed Fabrics: High-demand product in garment manufacturing.

Popular Products:

  • Piece Dyed Shirtings: Variety of shirting fabrics.
  • Cotton Yarn Dyed Shirtings: Shirting fabrics with yarn-dyed patterns.
  • Cotton Yarn Dyed Chambray: Chambray fabrics in yarn-dyed cotton.
  • Self Designed Shirting: Cotton fabric for self-designed shirting (counts 40s to 100s).
  • Cotton Spandex Fabric: Fabric with cotton and spandex blend.
  • Cotton Dobby Designs: Fabric with dobby weave patterns.
  • Cotton Power Lycra Fabrics: Cotton fabric with Lycra for stretch.
  • Slub Yarn Fabrics: Fabrics with slub yarn texture.
  • Linen Fabrics: Fabrics made from linen fibers.
  • Industrial Cloth Fabrics: Various fabrics for industrial applications.

Segmented Categories:

  • Shirtings Segment: Piece Dyed Shirtings, Cotton Yarn Dyed Shirtings, Cotton Yarn Dyed Chambray, Self Designed Shirting.
  • Suitings Segment: Cotton Spandex Fabric, Cotton Suiting Fabric, Cotton Dobby Designs, Cotton Power Lycra Fabrics.
  • Fancy Fabrics Segment: Slub Yarn Fabrics, Linen Fabrics.
  • Industrial Cloth Segment: Cotton Duck Fabric, Cotton Drill Fabric, Cotton Twill Fabric, Cotton Tusser Fabric.

Financial Performance:

  • The company achieved a total revenue of Rs. 9,097.58 Lakhs for the financial periods ending on February 28, 2023.

Sahaj Fashions IPO Details

  • The Sahaj Fashions IPO is categorized as a Fixed Price Issue.
  • The total issue size of the IPO is Rs 13.96 Crores.
IPO DateAug 25, 2023 to Aug 29, 2023
Listing DateWednesday, 6 September 2023
Price₹30 per share
Lot Size4000 Shares
Total Issue Size
(aggregating up to ₹13.96 Cr)
Fresh Issue4,476,000 shares
(aggregating up to ₹13.43 Cr)
Offer for Sale176,000 shares of ₹10
(aggregating up to ₹0.53 Cr)

Sahaj Fashions IPO Timetable (Tentative)

IPO Open DateFriday, 25 August 2023
IPO Close DateTuesday, 29 August 2023
Basis of AllotmentFriday, 1 September 2023
Initiation of RefundsMonday, 4 September 2023
Credit of Shares to DematTuesday, 5 September 2023
Listing DateWednesday, 6 September 2023
Cut-off time for UPI mandate confirmation5 PM on Aug 29, 2023

Key Performance Indicator

Market Cap (₹ Cr.)39.5

Sahaj Fashions IPO Promoter Holding

Pre Issue Share Holding97.95%
Post Issue Share Holding

Sahaj Fashions IPO Lot Size

Retail (Min)14000₹120,000
Retail (Max)14000₹120,000
HNI (Min)28000₹240,000

Comapany’s Financials

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax27.1931.9042.64288.71
Net Worth1,361.631,393.531,435.781,724.07
Reserves and Surplus620.41652.32694.56982.85
Total Borrowing1,019.031,608.651,795.461,519.24
Amount in ₹ Lakhs

Objects of the Issue

Utilization of Proceeds: The company plans to utilize the net proceeds from the issue for the following purposes:

  1. Meeting working capital requirements, including margin money.
  2. Prepayment or repayment of specific secured borrowings obtained by the company.
  3. General corporate purposes.
  4. Covering expenses related to the IPO offering.

Sahaj Fashions IPO Review (I may apply depending on the subscription data)

The company operates within a highly competitive and fragmented segment. Despite its strong performance in FY23, the issue seems to be fully priced. Considering its historically inconsistent financial performance, the issue could be perceived as being greedily priced . Opting to skip this investment, categorized as a “High Risk/Low Return” proposition, might be a prudent choice.

Sahaj Fashions IPO Subscription Status (Bidding Detail)

Sahaj Fashions IPO Subscription Status:
As of August 25, 2023, at 7:29 PM, the Sahaj Fashions IPO has been subscribed 1.13 times.

  • The public issue has been subscribed 1.58 times in the retail category.
  • In the Qualified Institutional Buyer (QIB) category, the subscription has been times.
  • The Non-Institutional Investor (NII) category has been subscribed 0.68 times.

Check Day by Day Subscription Details (Live Status)

Sahaj Fashions SME IPO GMP

Sahaj Fashions SME IPO Details:

  • The last Grey Market Premium (GMP) for Sahaj Fashions SME IPO was ₹4, last updated on August 27th, 2023 at 12:56 PM.
  • With a price band of ₹30.00, the estimated listing price for Sahaj Fashions SME IPO is ₹34 (cap price + today’s GMP).
  • The expected percentage gain/loss per share is 13.33%.

Sahaj Fashions SME IPO Retail Subject to Sauda:

  • The Retail Subject to Sauda for Sahaj Fashions SME IPO is ₹12,200.

check live Gmp details(status)

Allotment details

To check allotment

For more IPO related content like this stay tuned with ipohunts.

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The content provided here should not be interpreted as an invitation or solicitation to buy or sell securities, nor should it be regarded as guidance for such actions. All material presented is intended solely for educational and informational purposes and should not be utilized for making investment choices in any manner. It is imperative to recognize that any data shared here carries no intent to influence investment decisions. Any individual considering investment moves should first seek guidance from a qualified financial advisor, taking into account the particulars of their circumstances.

It is vital to underscore that any decisions based on the information shared here are undertaken at one’s own risk. As with all investments in the stock market, it’s important to acknowledge the inherent and unpredictable risks associated with such endeavors.

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