IPO Details
Jakharia Fabric Ltd.
Office No. 1224, Deoji Nagar, Narpoli Village, Bhiwandi,Thane, Maharashtra - 421302

Public Issue of 1092000 Equity Shares of Rs. 10.00 each for Cash at a Premium of Rs. 170.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
29/06/201803/07/2018180.00 -
Lead Managers Registrar Listed at
ARYAMAN FINANCIAL SERVICES LIMITED
Bigshare Services Pvt Ltd.
Bharat Tin Works Building,
1st Floor, Opp.Vasant Oasis,, Makwana Road,
Mumbai, Maharashtra - 400059
Phone: 62638200 Fax: 62638299
NSE
Object of the issue

The objectives of the Issue are to raise funds for:

- Part finance the setting up of processing unit through investment in M/s. Jakharia Industries at MIDC Tarapur, Bhiwandi, Maharashtra,

- Funding Expenditure for General Corporate Purposes.

Project Cost
(₹ in Crs.)
ISSUE EXPENSES0.68
SETTING UP OF UNITS18.10
GENERAL CORPORATE EXPS.0.87
TOTAL COST19.66
Means of Finance
(₹ in Crs.)
PUBLIC ISSUES19.66
TOTAL COST19.66
Promoted by

The promoters of the company are 1. Mr. Jignesh Shah, 2. Mr. Nitin Shah, and 3. Mr. Dixit Shah

1. Mr. Jignesh Shah : aged 38 years, is the Chairman and Executive Director of the Company. He has completed his graduation from Mumbai University. The Financial part and administrative part of the Company is looked after by him and under his guidance the Company is growing significantly. He has almost over 17 years of vast experience in textile field. Mr. Jignesh Shah joined the family business in the Year 2001. Further with such experience he is the founder Promoter of the Company. As the Chairman and Executive Director of the Company, he is responsible for the overall growth, strategy and day to day management of the Company.

PAN: ACJPS3468H

Passport No.: G9750757

Driver’s License: 35542

Voter’s ID No.: NNX3468568

Bank A/c No.: 3311771997

Name of Bank & Branch: Kotak Mahindra Bank Ltd., Mulund (West).

2. Mr. Nitin Shah : aged 41 years, is the Managing Director of the Company. He has completed his graduation in B. Com. from Mumbai University and has subsequently completed his Diploma in Textile Weaving Technology from Samsira Institute. He has been the main guiding force behind the growth and business strategy of the Company. He is into the Textile Business since the year 1995. He has experience of two decades in the field of Textile Weaving. He holds a good command over the Technicalities and the production Processes. He currently looks into the operation and technical departments of the Company and is responsible for day to day management of the Company at the Tarapur unit.

PAN: ADRPS9741A

Passport No.: Z3741501

Driver’s License: MH03 19940026118

Voter’s ID No.: NNX2272300

Bank A/c No.: 9811695528

Name of Bank & Branch: Kotak Mahindra Bank Ltd., Mulund (West).

3. Mr. Dixit Shah : aged 34 years, is the Whole time Director of the Company. He has a rich experience of over 15 years in the Textile Business, since he joined his family business since 2002. He plays a key role in managing the commercial and technical events of the Company. He currently looks into the operation and technical departments of the Company and is responsible for day to day management of the Company at the Saravali unit.

PAN: APSPS5390A

Passport No.: R9264311

Driver’s License: 3499

Voter’s ID No.: XVQ5053640

Bank A/c No.: 13100100016848

Name of Bank & Branch: Bank of Baroda, V.P. Road Branch, Mumbai.