Sahaj Fashions is about to launch an IPO which will open on August 25, 2023, and close on August 29, 2023. Through this public offer company wants to raise Rs.13.96 Crore from the primary market and will bring Rs. 13.43 crore fresh issue and Rs. 0.53 crore offer for sale (OFS) According to the preliminary papers filed by the company.

SAHAJ FASHIONS is engaged in the manufacturing of high-standard fabric mainly used in garments and industries applications, etc. And expertise in cotton yarn, cotton suiting, cotton shirting, polyester, etc. The company started in the state of Rajasthan, and now their business is also in Delhi, Maharashtra, Gujrat, and Haryana. The company focus on B2B Business model and provides service from raw material to final product like suitings, shirts other products, etc. of various products. In the fiscal year 2023, the company generated a profit of Rs. 28.87 Crore, and Rs. 41.90 Crore in the fiscal year 2022.

#Sahaj Fashions Industries IPO

The company proposed to use the IPO Funds for the below-mentioned purposes:

1. Rs. 6.68 crore of the total net proceeds fund will be used for repayment of the debt.
2. Rs. 4.20 crore of the total net proceeds fund will be used for the working capital of the company.
3. The rest funds will be used for general corporate purposes and offer expenses.

#Sahaj Fashions Strength

1. The company has international technology for manufacturing the fabric.
2. Comprehensive product portfolio
3. In-house services from buying fabric to the delivery final product.
4. Experienced and dedicated senior team members.

#Sahaj Fashions Forward Statements

1. High fluctuation in the operating cost.
2. Risk associated with raw materials. 

#Sahaj Fashions IPO Review & Rating

Issue Size	Rs. 13.96 crore (Fixed Price Issue)
Issue Price	Rs. 30 per share
Lot size	4000 shares
Market Capitalization	Rs. 39.50 crore
Profit – 2023	Rs. 2.89 crore
Total Assets – 2023	Rs. 71.79 crore
Debt/Equity ratio	1.96
NAV Value	Rs. 23.26 per share
Pre-offer Promoter holding	97.95%
Listing on Stock Exchanges	SME Platform of NSE (NSE Emerge)
IPO Deliver Rating	2/10

 

#Sahaj Fashions IPO Dates, Price Band, Lot Size & Details

Type of issue	Fresh issue and Offer for sale
Issue Size	Rs. 13.96 Crore (46,52,000 shares)
Price band	Rs. 30 per shares
Lot size	4000 equity shares
Face Value	Rs.10 each equity share
IPO Open	August 25, 2023
IPO Close	August 29, 2023
IPO Allotment Date	September 01, 2023
Refund Date	September 04, 2023
Listing Date	September 06, 2023
Fresh issue (FOR PUBLIC)	Rs. 13.43 Crore (44,76,000 equity shares)
Offer for sale (FOR PROMOTER)	Rs. 0.53 Crore (1,76,000 equity shares)

 

#Sahaj Fashions Financials Review (Lakhs)

Category	February 28, 2023	March 31, 2022	March 31, 2021
Total Revenue	9,101.07	8,695.75	7,475.54
Reserve & Surplus	982.85	694.56	652.32
Profit after Tax (PAT)	288.874	42.64	31.90
Total borrowings	1,519.24	1,795.46	1,608.55

 

#Sahaj Fashions IPO Quantitative Factors

Category	February 28, 2023	March 31, 2022	March 31, 2021
Basic EPS	3.90	0.58	0.43
Diluted EPS	3.90	0.58	0.43
P/E Ratio	7.69	51.72	–
Industries P/E Ratio	15.03 average	15.03 average	15.03 average
RoNW	26.43	31.90	10.24
NAV	23.36 per equity share	19.37 per equity share	18.80 per equity share

 

#Sahaj Fashions Company Promoter

The company has five promoters.

Mr. Rohit Toshniwal                                Ms. Sadhana Toshniwal

Mr. Noratmal Choudhary                       Ms. Prabha Lakhotia

Mr. Rakesh Choudhary                            Mr. Nitin Toshniwal

• Pre-offer shareholding: 97.95% (85,13,600 equity shares) Post-offer shareholding: 92.59%
• The average cost of acquisition for promoter-selling shareholders: Rs. 15.09 per equity share.

#Sahaj Fashions IPO Pre-offer and Post-Offer Promoters shareholding

Pre-offer promoter (06) & promoter group (08) shareholding 97.95%

Post-offer promoter & promoter group shareholding 92.59%

#Sahaj Fashions IPO Reservation

Reservation for market makers 2,36,000 Equity Shares @30 per share.

Retail investor (RII): Not more than 50% of the offer size i.e. 22,08,00 equity shares @30 per share.

Other than RII: Not more than 50% of the offer size i.e. 22,08,00 equity shares @30 per share.

#Sahaj Fashions IPO – Prospectus Copy

Draft Prospectus (DP) – Click to view/download

Prospectus  – Click to view/download

#Sahaj Fashions IPO Application

Option-1 Apply for IPO through Internet Banking

• Log into your bank account.
• In the invest Tab, you will see ASBA, click on it.
• Choose to apply for IPO and select the ongoing IPO “Sahaj Fashions Limited.”
• Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
• After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.

Option-2 Apply for IPO through a Broker

• Log into your broker account (Upstox/Zerodha etc.)
• Click on the IPO tab and select the ongoing IPO “Sahaj Fashions Limited.”
• Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
• Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.

Option-3 Apply for IPO Offline Mode Bank mode

• Visit the nearest branch of your bank
• Fill out the ASBA form and submit it with KYC details.
• Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.

Option – 4 Apply for IPO through Stock Exchanges

NSE Form – Click to download

Submit the form with your bank/broker.

#Sahaj Fashions IPO Registrar

Bigshare Services Private Limited

Regd. Office: S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai-400093

Tel: +91 6263 8200, Email: ipo@bigshareonline.com

#Sahaj Fashions IPO lead manager

Khambatta Securities Private Limited

Regd. Office: 1 Ground Floor, 7/10, Botawala Building, 9 Bank Street, Horniman Circle, Fort, Mumbai, Maharashtra – 400 001,

Tel: +91-22 -6641 3315, Email: ipo@khambattasecurities.com

#Sahaj Fashions Company Details

Sahaj Fashions Limited (Registered on May 20, 2021)

Regd. Office: Shree Bhawan Ajmer Road Madanganj Kishangarh305801, Rajasthan

Tel: +91 9462788792 & Email: cfo@sahajfashions.in

Website: www.sahajfashions.in

Investor Grievances/Chief Financial Officer (CFO): Mr. Mukul Lakhotia

Compliance officer: Ms. Shilpi Aggarwal

Subsidiary Company:

The company has one subsidiary Sahaj Cottons Private Limited

#Sahaj Fashions Company Board (Top 3)

Mr. Noratmal Choudhary (74) Managing Director

Mr. Rohit Toshniwal (62) Kachwala Whole-time Director & Chairman

Mrs. Prabha Lakhotia (57) Non-Executive

#Sahaj Fashions IPO – Frequently Asked Questions (FAQ’s)

Q-1 what is Sahaj Fashions IPO Open date?

Ans: Sahaj Fashions IPO opening date is August 25 – August 29, 2023.

Q-2 what is Sahaj Fashions IPO Close date?

Ans: Sahaj Fashions IPO opening date is August 29, 2023

Q-3 What is Sahaj Fashions IPO Listing date?

Ans: Sahaj Fashions IPO opening date is September 06, 2023

Q-4 What is Sahaj Fashions IPO Minimum investment amount?

Ans: Sahaj Fashions IPO minimum investment amount is Rs. 1,20,000.

Q-5 What is Sahaj Fashions IPO offer issue Size?

Ans: Sahaj Fashions offer an issue size of Rs. 13.96 crores, which comprise fresh issue and offer for sale.

Q-6 What is Sahaj Fashions IPO Price Band?

Ans: Sahaj Fashions IPO price band is Rs 30 per share.

Q-7 Is any similar segment/sector listed company in India?

Ans: Yes. RSWM Ltd and Arvind Ltd, etc.

Q-8 Is Sahaj Fashions IPO mainboard IPO or SME IPO?

Ans: Sahaj Fashions IPO is the SME IPO.

Q-9. What is Sahaj Fashions’ promoter Number?

Ans: Sahaj Fashions has five promotors.

Q-10 Sahaj Fashions IPO Rating by IPO Deliver Team?

Ans: Two Rating