- POSITIVE
Annual Revenue Sahaj Fashions Mar-2024 Annual Revenue is Rs 125 Cr which is growth of 3.5% YoY.
- NEGATIVE
Annual Net Profit Sahaj Fashions Mar-2024 Annual Net Profit is Rs 1 Cr which is growth of -58.5% YoY.
Sahaj Fashions, established on May 20, 2011, is involved in the production of top-quality fabrics suitable for a range of applications including clothing, home furnishings, and industrial uses. The company specializes in manufacturing predominantly cotton suiting and shirting fabrics, along with polyester-based and cotton-polyester blended fabrics.
| Bidding Dates |
|---|
| 25 Aug 2023 - 29 Aug 2023 |
| Subscription |
|---|
| 7.4x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹120,000 | 1 | 1 | 4000 | 4.7 M | ₹30 | 64.67 % | ₹139.6 M | RHP DOC |
Sahaj Fashions IPO SUBSCRIPTION STATUS
29 Aug '23Total7.4x
Retail Individual Investor11.12x
HNI (NII) Investors3.69x
Qualified Institutional Buyers-
Sahaj Fashions IPO overall subscription rate was 7.4 times the total available shares
Sahaj Fashions IPO retail subscription rate was 11.12 times in the retail segment
Sahaj Fashions IPO non-institutional investor subscription rate was 3.69 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
29 Aug 2023 (Day 3) | 11.12x | 3.69x | - |
28 Aug 2023 (Day 2) | 5.73x | 1.16x | - |
25 Aug 2023 (Day 1) | 1.42x | 0.74x | - |
Sahaj Fashions FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 11MFY23 | 28.9 | 909.8 | 55.0 | 55.0 |
| FY22 | 4.3 | 869.6 | 31.2 | 28.9 |
| FY21 | 3.2 | 747.0 | -10.0 | -10.3 |
| FY20 | 2.7 | 993.1 | 42.3 | 42.2 |
Sahaj Fashions IPO SUBSCRIPTION STATUS DETAILS
Sahaj Fashions had 4.7 M shares on offer
Sahaj Fashions IPO offer price was ₹30
Sahaj Fashions IPO minimum Investment was ₹120000
Sahaj Fashions IPO issue size was ₹ 139.6 M
Sahaj Fashions had a minimum lot size of 4000 Shares per application
Sahaj Fashions NUMBER OF SHARES ON OFFER
Total4.7 M
Fresh Issue4.5 M
Offer for Sale176.0 K
Post Issue Promoter Holding %64.67 %
Sahaj Fashions IPO IMPORTANT DATES
| Issue Open Date | 25 Aug 2023 |
| Issue close Date | 29 Aug 2023 |
| Allotment Date | 01 Sep 2023 |
| Refund Date | 04 Sep 2023 |
| Demat Account Credit Date | 05 Sep 2023 |
| Listing Date | 06 Sep 2023 |
| Listing on Exchange(s) | NSE |
| Sahaj Fashions Allotment Status | Exchange |
Sahaj Fashions IPO subscription opened on 25 Aug 2023, and closed on 29 Aug 2023
IPO allotment for Sahaj Fashions was finalized on Friday, 01 Sep 2023
IPO listing for Sahaj Fashions was on NSE on Wednesday, 06 Sep 2023
Sahaj Fashions IPO LISTING GAINS
| Issue Price (adjusted) | 30.0 |
| Listing Open Price | 31.0 |
| Listing Close Price | 30.4 |
| Listing Gain% | 3.3% |
| Current Gain% | -63.0% |
Annual
Balance Sheet
Ratios
Cash Flow
Sahaj Fashions annual results: revenue, profit, P&L, and margins as of Mar 2024 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 |
|---|---|---|---|---|---|---|---|
18.7% | 125.2 | 121 | 87 | 74.8 | 99.3 | ||
Operating Exp. Ann. | 19.8% | 119 | 112.7 | 81.4 | 69.2 | 93.5 | |
Operating Profit Ann. | 4.1% | 6.2 | 8.2 | 5.5 | 5.5 | 5.8 | |
OPM Ann. % | -12.6% | 4.94% | 6.76% | 6.34% | 7.40% | 5.84% | |
18.6% | 124 | 117.9 | 86.4 | 74.3 | 98.9 | ||
EBITDA Ann. | 3.5% | 6.2 | 8.3 | 5.5 | 5.6 | 5.8 | |
EBITDA Ann. margin % | -12.6% | 4.98% | 6.85% | 6.37% | 7.47% | 5.87% | |
Interest Ann. | 2.6% | 4.1 | 4.2 | 3.8 | 3.8 | 3.9 | |
Depr. | -11.5% | 0.9 | 1 | 1.2 | 1.3 | 1.5 | |
PBT Ann. | 48.1% | 1.3 | 3.1 | 0.6 | 0.4 | 0.4 | |
Tax Ann. | 44.2% | 0.3 | 0.8 | 0.1 | 0.1 | 0.1 | |
44.2% | 0.9 | 2.3 | 0.4 | 0.3 | 0.3 | ||
Net Profit Ann. | 44.2% | 0.9 | 2.3 | 0.4 | 0.3 | 0.3 | |
NPM Ann. % | 20.4% | 0.75% | 1.88% | 0.48% | 0.43% | 0.29% | |
EPS Adj. latest Ann. | 51.8% | 0.7 | 1.7 | 0.3 | 0.2 | 0.2 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
3.5%
2Y CAGR
20%
3Y CAGR
18.7%
Net Profit Ann.
1Y CHG
-60.9%
2Y CAGR
50%
3Y CAGR
44.2%
Operating Exp. Ann.
1Y CHG
5.6%
2Y CAGR
20.9%
3Y CAGR
19.8%
Sahaj Fashions INFORMATION ON IPO ISSUE
About Sahaj Fashions
Sahaj Fashions, established on May 20, 2011, is involved in the production of top-quality fabrics suitable for a range of applications including clothing, home furnishings, and industrial uses. The company specializes in manufacturing predominantly cotton suiting and shirting fabrics, along with polyester-based and cotton-polyester blended fabrics.
Object of the Issue
- Working capital requirements, including margin money
- Prepayment/repayment of certain secured borrowings availed by the company
- General corporate purpose and offer expenses
Sahaj Fashions - PROMOTERS
| Name |
|---|
| Rohit Toshniwal |
| Norat Mal Choudhary |
| Prabha Lakhotia |
| Sadhana Toshniwal |
Sahaj Fashions Lead Manager to the Issue
Khambatta Securities Limited
ipo@khambattasecurities.com
Sahaj Fashions Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Sahaj Fashions Strengths
Repeat orders
The company is dedicated to achieving customer satisfaction through various measures such as tailoring products to meet individual customer needs, ensuring timely order deliveries, and maintaining consistent product quality. These efforts have been fruitful, evident in the form of repeat orders received from satisfied customers
Strength
Caters to huge demands
The company efficiently fulfills fabric demand that exceeds its installed capacity by outsourcing fabric manufacturing to reputable and established units through job work arrangements, tailored to match specific fabric requirements
Strength
Comprehensive product portfolio
The company boasts a comprehensive fabric portfolio, encompassing a diverse range including cotton shirting fabric, cotton suiting fabric, cotton lycra fabrics, polyester uniform fabric, and more
Strength
Sahaj Fashions Risks
Outstanding legal proceedings
There are ongoing legal proceedings involving the company, its promoters, and directors, which could potentially have a significant adverse impact on the business, operations, and financial condition
Risk
Dependent on few customers
The company relies heavily on a limited number of customers. The loss of its top 10 customers could have a substantial impact on both revenues and profitability
Risk
Negative cash flows
The company experienced negative cash flows in certain previous years, as indicated by the restated financial statements
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 0.5 crore, of 176,000 shares. It also consists of a fresh issue of Rs 13.4 crore.
The promoters of the company are Rohit Toshniwal, Norat Mal Choudhary, Prabha Lakhotia and Sadhana Toshniwal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 30.0 - 30.0.
The IPO application opens on Aug 25, 2023 and closes on Aug 29, 2023.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Sep 01, 2023.
The refund will be credited to your account on Sep 04, 2023.
The allotted shares will be credited to your demat on Sep 05, 2023.
Sahaj Fashions Ltd.’s shares listed on the stock exchanges on Sep 06, 2023.