Sahaj Fashions Limited IPO : Key Details

Sahaj Fashions Limited IPO is set to launch on 25 August, 2023. The company initiated its business operations in the year 2011. It is involved in the manufacturing of fabric that is required in various products like Home furnishings, garment making and other industrial purposes. The product line of the company includes Cotton Yarn Dyed Shirtings, Piece Dyed Shirting, Cotton fabric for self desigings into 40s to 100 counts, Cotton yarn dyed chambray, Cotton suiting fabric, cotton spandex fabric, cotton power lycra, cotton dobby designs, slub yarn fabrics, fancy fabrics, linen fabrics, cotton drill fabric, cotton duck fabric, cotton tussar fabric, cotton twill fabric etc. It is located near Bhilwara in a village named Srinagar. 

Sahaj Fashions Limited IPO DETAILS

Sahaj Fashions Limited IPO is set to launch on 25 August, 2023. The subscription timeline extends till 29 August, 2023. The size for the IPO is 13.96 Crore Rs. Shares issued through fresh issue mode are worth 13.43 Crore Rs. Shares issued through offer for sale mode are worth Rs 0.53 Crore. The lot size is 4000 shares and the price is 30 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Sahaj Fashions Limited IPO

IPO OPENING DATE	25 August, 2023
CLOSING DATE FOR IPO	29 August, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	30 Rs per share
LOT SIZE	4000 shares
MINIMUM ORDER QUANTITY	4000 shares
ISSUE SIZE	13.96 Crore Rs.
OFFER FOR SALE	0.53 Crore Rs.
FRESH ISSUE	13.43 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	6 September, 2023

Sahaj Fashions Limited IPO : IMPORTANT DATES

IPO OPENING DATE	25 August, 2023
CLOSING DATE FOR IPO	29 August, 2023
IPO ALLOTMENT DATE	1 September, 2023
REFUNDS	4 September, 2023
DEMAT A/C CREDITED ON	5 September, 2023
IPO LISTING DATE	6 September, 2023

Sahaj Fashions Limited IPO begins for subscription from 25 August, 2023. The IPO subscription would continue till 29 August, 2023. The allotment status for the shareholders who applied would come on 1 September, 2023. The refunds for the ones who did not get allotment would be initiated on 4 September, 2023. The DEMAT accounts of shareholders would be credited on 5 September, 2023. The listing of the company would be completed on 6 September 2023.

Sahaj Fashions Limited IPO : Lead Managers

The lead managers are :

• Khambatta Securities Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	4000 shares	120000 Rs.
Maximum	8000 shares	240000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	6711	6998	7179
Revenue	7475	8698	9101
PAT	31	42	288

Sahaj fashions Limited had an asset base of 6711 Lakh Rs in 2021 which increased to 6998 Lakh Rs in the year 2022. The company’s assets for the year 2023 were valued at 7179 Lakh Rs. The revenue of the frim was 677475 Lakh Rs in the year 2021 which increased to 8698 Lakh Rs in the year 2022 and 9101 Lakh Rs in the year 2023. The profit of the company was 31 Lakh Rs in the year 2021 which went up to 42 Lakh Rs in 2022 and 288 Lakh Rs in the year 2023.

PROS

• The company manufactures fabrics used in various products like Home furnishings, garment making and other industrial purposes.
• The product line of the company includes Cotton Yarn Dyed Shirtings, Piece Dyed Shirting, Cotton fabric for self desigings into 40s to 100 counts, Cotton yarn dyed chambray, Cotton suiting fabric, cotton spandex fabric, cotton power lycra, cotton dobby designs, slub yarn fabrics, fancy fabrics, linen fabrics, cotton drill fabric, cotton duck fabric, cotton tussar fabric, cotton twill fabric etc.

CONS

• The company works in a highly competitive segment.

Sahaj Fashions Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Sahaj Fashions Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.