Mumbai-based Artedz Fabs Limited is engaged in trading and manufacturing of cotton yarn dyed fabrics for suiting and shirting. With an in-house designing team and expertise in grey fabrics, they receive orders from Indian and international markets as well.
| Bidding Dates |
|---|
| 18 Mar 2019 - 20 Mar 2019 |
| Subscription |
|---|
| 1.54x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 3000 | 2.3 M | ₹34 - ₹36 | 73.01 % | ₹78.5 M - ₹83.2 M | RHP DOC |
Artedz Fabs IPO SUBSCRIPTION STATUS
20 Mar '19Artedz Fabs IPO overall subscription rate was 1.54 times the total available shares
Artedz Fabs IPO retail subscription rate was 1.78 times in the retail segment
Artedz Fabs IPO non-institutional investor subscription rate was 1.31 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Mar 2019 (Day 2) | 0.53x | 0.2x | - |
20 Mar 2019 (Day 3) | 1.78x | 1.31x | - |
18 Mar 2019 (Day 1) | 0.32x | 0.11x | - |
Artedz Fabs 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) |
| 6MFY19 | 25.4 | 366.3 | 14.8 | 14.8 |
| FY18 | 35.2 | 642.6 | 24.5 | 23.8 |
| FY17 | 17.9 | 530.6 | 89.7 | 88.4 |
| FY16 | -3.6 | 387.7 | 16.3 | 7.6 |
| FY15 | -7.7 | 309.7 | 43.1 | 20.0 |
| FY 14 | -4.5 | 265.0 | -13.9 | -44.4 |
Artedz Fabs IPO SUBSCRIPTION STATUS DETAILS
Artedz Fabs had 2.3 M shares on offer
Artedz Fabs IPO offer price was in the range ₹34 - ₹36
Artedz Fabs IPO minimum Investment was ₹108000
Artedz Fabs IPO issue size was ₹ 78.5 M - ₹ 83.2 M
Artedz Fabs had a minimum lot size of 3000 Shares per application
Artedz Fabs NUMBER OF SHARES ON OFFER
Artedz Fabs IPO IMPORTANT DATES
| Issue Open Date | 18 Mar 2019 |
| Issue close Date | 20 Mar 2019 |
| Allotment Date | 26 Mar 2019 |
| Refund Date | 27 Mar 2019 |
| Demat Account Credit Date | 28 Mar 2019 |
| Listing Date | 29 Mar 2019 |
| Listing on Exchange(s) | NSE |
| Artedz Fabs Allotment Status | Exchange |
Artedz Fabs IPO subscription opened on 18 Mar 2019, and closed on 20 Mar 2019
IPO allotment for Artedz Fabs was finalized on Tuesday, 26 Mar 2019
IPO listing for Artedz Fabs was on NSE on Friday, 29 Mar 2019
Artedz Fabs IPO LISTING GAINS
| Issue Price (adjusted) | 36.0 |
| Listing Open Price | 40.0 |
| Listing Close Price | 41.6 |
| Listing Gain% | 11.1% |
| Current Gain% | -48.1% |
Artedz Fabs INFORMATION ON IPO ISSUE
About Artedz Fabs
Mumbai-based Artedz Fabs Limited is engaged in trading and manufacturing of cotton yarn dyed fabrics for suiting and shirting. With an in-house designing team and expertise in grey fabrics, they receive orders from Indian and international markets as well.
Object of the Issue
- Funding the Working Capital requirements of the Company;
- General Corporate Purposes
Artedz Fabs - PROMOTERS
| Name |
|---|
| Kashyap Gambhir |
| Satbinder Singh Gill |
Artedz Fabs Lead Manager to the issue
Pantomath Capital Advisors Private Limited
ipo@pantomathgroup.com
Artedz Fabs Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Artedz Fabs Strengths
Experienced Promoters
The Promoters of the Company, have been associated with the textile industry even before the incorporation of this Company and are having an experience of more than 12 years
Timely Delivery
The company ensures not to lose any customers owing to its service and quality. It has always strived to provide the delivery of products as per the committed time
In-house Design
One of the unique strengths of the company is the capability of its in-house designing
Artedz Fabs Risks
Involved in a civil and tax related proceeding
The company is involved in civil and tax-related proceedings
Risk of facing infringement claims
The company specialises in creating designs as per the trend followed by global companies, and therefore stands at a risk of facing infringement claims against copying any patented designs.
IPO FAQs
The promoters of the company are Kashyap Gambhir and Satbinder Singh Gill.
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 34.0 - 36.0.
The IPO application opens on Mar 18, 2019 and closes on Mar 20, 2019.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Mar 26, 2019.
The refund will be credited to your account on Mar 27, 2019.
The allotted shares will be credited to your demat on Mar 28, 2019.
Artedz Fabs Ltd.’s shares listed on the stock exchanges on Mar 29, 2019.