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Sahaj Fashions IPO

Sahaj Fashions IPO

  • Status: Closed
  • RHP:
  • ₹ 120,000 / 4000 shares

    Minimum Investment

IPO Details

  • Open Date

    25 Aug 2023

  • Close Date

    29 Aug 2023

  • IPO Price Range

    ₹ 30

  • IPO Size

    ₹ 13.96 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    06 Sep 2023

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IPO Timeline

Sahaj Fashions IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Sahaj Fashions IPO is all set to open from 25th August to 29th August  2023. The company produces fabric for garment making, home furnishings, and industrial applications. The IPO includes a fresh issue of 4,476,000 shares worth ₹13.43 cr and an OFS of 176,000 shares worth ₹0.53 cr. The IPO size is ₹13.96 cr. The share allotment date is 1st September, and the IPO will be listed on 6th September on the stock exchanges. The price band is ₹30 per share and the lot size is 4000 shares.

Khambatta Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 
 

Objectives of Sahaj Fashions IPO:

Sahaj Fashions Limited plans to utilize the raised capital from the IPO to:

●    Prepayment/repayment of secured borrowings 
●    Fulfill the working capital requirements
●    For general corporate purposes
●    To fund the public issue 

Established in 2011, Sahaj Fashions Limited is involved in the production of high-quality fabric utilized for various purposes like clothing, home furnishings, and industrial applications. Their expertise primarily lies in the manufacturing of cotton suiting and shirting fabrics, alongside fabrics made from polyester and cotton-polyester blends. They also manufacture cotton yarn-dyed fabrics, which are consistently in demand within the garment manufacturing industry. At present, their sales have made inroads not only in their home state of Rajasthan but also in other states such as Gujarat, Maharashtra, and Delhi.

In 2014, Sahaj Fashions extended its product reach to international markets via Merchant Exporters. This strategic move ensured that they could avoid exposure to forex fluctuations since their products were exclusively sold to their Indian counterparts.

Peer Comparison

●    Arvind Limited
●    RSWM Limited
●    Vardhman Textiles Limited

For More Information:
Webstory on Sahaj Fashions IPO
Sahaj Fashions IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 86.96 74.70 99.31
EBITDA 5.54 5.58 5.83
PAT 0.42 0.32 0.29
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 69.98 67.11 64.76
Share Capital 7.41 7.41 7.41
Total Borrowings 55.61 53.16 51.13
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 3.12 -0.996 4.23
Net cash from / (used in) investing activities -0.20 0.021 0.025
Net cash flow from / (used in) financing activities -1.63 1.06 -4.80
Net increase (decrease) in cash and cash equivalents 1.29 0.081 -0.54


Strengths

1.    Sahaj Fashions uses international technology of looms for manufacturing the fabric.
2.    The company has been able to sustain customers and acquire repeat orders. 
3.    It has an installed capacity to cater to a higher demand for fabric. 
4.    A comprehensive portfolio which includes Cotton Shirting Fabric, Cotton Suiting Fabric, Cotton Lycra Fabrics, Polyester Uniform Fabric, etc.
5.    Established presence and a strong distribution system.

 

Risks

1.    No stability in profit numbers. 
2.    Negative cash flows. 
3.    The company is subjected to certain financial restrictions imposed by its lenders. 
4.    Certain contingent liabilities can impact its business operations. 
5.    Operates in a competitive domestic market. 

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FAQs

The minimum lot size of Sahaj Fashions IPO is 4000 shares and the investment required is ₹1,20,000.

The price band of the Sahaj Fashions IPO is ₹30 per share. 

Sahaj Fashions IPO is open from 25th August to 29th August 2023.
 

The Sahaj Fashions IPO size is ₹13.96 cr.

The share allotment date of Sahaj Fashions IPO is 1st September 2023.

The Sahaj Fashions IPO will be listed on 6th September 2023.

Khambatta Securities Limited is the book-running lead manager for Sahaj Fashions IPO.

Sahaj Fashions plans to utilize the raised capital from the IPO to:

1.    Prepayment/repayment of secured borrowings 
2.    Fulfill the working capital requirements
3.    For general corporate purposes
4.    To fund the public issue 
 

To apply for Sahaj Fashions IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Sahaj Fashions Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.