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.
Sahaj Fashions IPO Details
Sahaj Fashions IPO is a Fixed Price Issue. The IPO total issue size is Rs 13.20 Cr. The Sahaj Fashions IPO price is ₹30 per share. The IPO will list on NSE SME.
| IPO Date | Aug 21, 2023 to Aug 24, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,400,000 shares (aggregating up to ₹13.20 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹0.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 120,000 shares |
Sahaj Fashions IPO Reservation
| Other Shares Offered | 50% |
| Retail Shares Offered | Not less than 50.00% of the Offer |
Sahaj Fashions IPO Timetable (Tentative)
Sahaj Fashions IPO opens on Aug 21, 2023, and closes on Aug 24, 2023.
| IPO Open Date | Monday, 21 August 2023 |
| IPO Close Date | Thursday, 24 August 2023 |
| Basis of Allotment | Tuesday, 29 August 2023 |
| Initiation of Refunds | Wednesday, 30 August 2023 |
| Credit of Shares to Demat | Thursday, 31 August 2023 |
| Listing Date | Friday, 1 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 24, 2023 |
Sahaj Fashions IPO Lot Size
The minimum lot size of this Sahaj Fashions IPO is 4000 shares required is ₹120,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
| Lot Size Calculator |
Sahaj Fashions IPO Promoter Holding
Mr. Rohit Toshniwal, Ms. Sadhana Toshniwal, Mr. Norat Mal Choudhary, and Ms. Prabha Lakhotia are the company’s promoters.
| Pre Issue Share Holding | 97.95% |
| Post Issue Share Holding |
Company Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 30 Nov 2022 |
| Assets | 6,476.39 | 6,711.73 | 6,998.59 | 6,891.19 |
| Revenue | 9,933.61 | 7,475.54 | 8,698.36 | 6,112.27 |
| Profit After Tax | 29.32 | 32.14 | 41.90 | 214.32 |
| Net Worth | 1,363.75 | 1,395.90 | 1,437.40 | 1,651.72 |
| Reserves and Surplus | 622.54 | 654.68 | 696.18 | 910.50 |
| Total Borrowing | 1,019.03 | 1,608.65 | 1,795.46 | 1,588.99 |
Amount in ₹ Lakhs
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 IPO Prospectus
Company Contact Information
Sahaj Fashions Limited
Shree Bhawan, Ajmer Road,
Madanganj, Kishangarh – 305801
Phone: +91 9462788792
Email: cfo@sahajfashions.in
Website: https://sahajfashions.in/
Sahaj Fashions IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html