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Home › IPOs › Jash Engineering
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Jash Engineering
CLOSED NSE SME Bookbuilding IPO Fresh Capital Jash Engineering IPO GMP
GREY MARKET PREMIUM
₹ 0
No premium data
EST. LISTING PRICE
₹120
Issue Price: ₹ 120
Issue Price
₹120
Face Value
₹10
Lot Size
1,200 shares
Open Date
28 Sep 2017
Close Date
03 Oct 2017
Listing Date
11 Oct 2017
Exchange
NSE SME
Jash Engineering IPO About the Company

Jash Engineering Ltd is Gwalior, MP based company is engaged in manufacturing of wide range of products used in water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, water transmission lines, power, steel, cement, paper & pulp, petrochemicals, chemical, fertilizers and other process plants.

Company design, develop and market products like water control gates, flap valves, knife gates valves, energy dissipating valves, water hammer control valves, fine and coarse screens, screening conveying equipment, screening washing and compaction equipment, industrial valves for bulk solids handling, hydro power screw generator, screw pump and process equipment like detritors, clarifiers, clariflocculators, thickeners, decanters aerators, trickling filters, dissolved air flotation (DAF) units, rotary drum slackers, rake classifiers, pressure sand filters, etc. for water, water waste and effluent treatment plants.

Jash Engineering Design, Casting, Fabrication, and Assembly & Test all products it manufacture. Company caters to the domestic as well as international markets. Jash Engineering has 500 employees.

...read more
Jash Engineering IPO Objects of the Issue
Purpose Amount (₹ Cr)
To meet working capital requirement of the Company, Expansion of Manufacturing facilities at Unit III, to acquire land in SEZ Pithampur and then to set- up a new manufacturing plant (i.e. Unit IV) in SEZ Pithampur to cater to increased export business resulting out of acquisition of Rodney Hunt in USA and Mahr Maschinenbau GmbH in Austria and for General Corporate Purpose. ₹23
Fund required for exit of Pragati Fund India Limited including OFS and Pre IPO placement ₹21
Jash Engineering IPO Lead Managers
SYSTEMATIX CORPORATE SERVICES LIMITED
Financial Summary Amount in Lacs
Metric 31.03.2017 31.03.2016 31.03.2015
Total Assets 18,249 16,135 15,744
Revenue 14,783 11,305 11,201
PAT 1,051 875 783
Net Worth 8,373 7,520 6,998
Reserves 7,976 7,145 6,449
Total Borrowing 399,049 399,049 399,049
Issue Details
Total Shares Offered
4,000,800 (100%)
Reserved for Market Maker
Up to ₹2 Cr
Net Offer to Public
Up to ₹46 Cr
Pre-Issue Shareholding
9,575,400
Post-Issue Shareholding
11,836,598
UPI Mandate
03 Feb 2017
IPO Analytics Dashboard
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Jash Engineering IPO GMP Insights
👤
Retail Demand
Good
💼
HNI Interest
Good
🏦
QIB Demand
Strong
📊
Valuation
Moderate
Jash Engineering IPO GMP Strength Score
7 / 10 Good
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
Jash Engineering IPO Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
🏦 QIB — 1,899,600 (47%) —
💼 NII / HNI — 570,000 (14%) —
👤 Retail (RII) — 1,330,800 (33%) —
📊 Market Maker — 200,400 (5%) —
Σ Total — 4,000,800 (100%) —

* Amount calculated at upper price band (₹120) ·  ** Total includes all investor categories

Subscription Overview Share allocation by investor category
🏦
QIB ? 1,899,600 (47%)
47%
💼
NII / HNI ? 570,000 (14%)
14%
👤
Retail (RII) ? 1,330,800 (33%)
33%
📊
Market Maker ? 200,400 (5%)
5%
Total Shares Offered 4,000,800 (100%)
Jash Engineering IPO Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 1
Shares / Lot 1,200
Min. Investment ₹144,000
💼 HNI Investors ?
Min. Lots 2
Min. Shares 2,400
Min. Investment ₹288,000
Investor Interpretation
  • Retail allocation is good at 33% of the total offering.
  • HNI/NII demand is good at 14%.
  • Institutional (QIB) interest is strong at 47%.

This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.

STOCK PRICE HISTORY  ·  NSE
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Issue Price: ₹ 120  ·  Symbol: —
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Jash Engineering IPO Company Info
📍 Jash Engineering Ltd. 31, Sector-C, Sanwer Road Industrial Area, Indore, Madhya Pradesh, 452015
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Jash Engineering IPO Registrar
LINKINTIME INDIA PRIVATE LIMITED
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Jash Engineering IPO FAQs
Jash Engineering IPO has already listed. Its last recorded GMP was ₹0. GMP is only indicative and never a guarantee of listing gains.
The issue price of Jash Engineering IPO is ₹120 per share. One lot has 1,200 shares, so the minimum investment is about ₹144,000. It is a Fresh Capital issue.
Jash Engineering IPO opened on 28 Sep 2017 and closed on 03 Oct 2017. Shares are listed on NSE SME on 11 Oct 2017.
Jash Engineering Ltd is Gwalior, MP based company is engaged in manufacturing of wide range of products used in water intake systems, water and waste water pumping stations and treatment plants, storm water pumping stations, water transmission lines, power, steel, cement, paper &…
As per the offer document, Jash Engineering plans to use the IPO proceeds for: To meet working capital requirement of the Company, Expansion of Manufacturing facilities at Unit III, to acquire land in SEZ Pithampur and then to set- up a new manufacturing plant (i.e. Unit IV) in SEZ Pithampur to cater to increased export business resulting out of acquisition of Rodney Hunt in USA and Mahr Maschinenbau GmbH in Austria and for General Corporate Purpose. (₹23); Fund required for exit of Pragati Fund India Limited including OFS and Pre IPO placement (₹21).
The lead manager of Jash Engineering IPO is SYSTEMATIX CORPORATE SERVICES LIMITED.
Jash Engineering IPO is proposed to list on NSE SME; it is a Bookbuilding IPO and the issue is a Fresh Capital.
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