Registered Office:
31 Sector-C Industrial Area,Sanwer Road,
Indore - 452015,
Madhya Pradesh, India.
Phone : 91-731-2720143/2721143/4232900
Fax : 91-731-2720499
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.
Opens On
Closes On
Application
Allotment
28-Sep-17
03-Oct-17
120.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
1200
Further Multiples of :
1200
(Rs.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
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