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Open
18 Mar 2019
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Close
20 Mar 2019
3
Allotment
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Listing
Fri, Mar 29, 2019
Price Band
₹34 to ₹36
Issue Size
23,10,000 shares (agg. up to ₹8 Cr)
Lot Size
3,000 Shares
Listing Date
Fri, Mar 29, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.45x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 74.09 | 61.48 | 44.25 | 36.45 |
| Total Income | 36.63 | 64.34 | 53.11 | 38.78 |
| Profit After Tax | 2.54 | 3.52 | 1.79 | -0.36 |
| EBITDA | 6.39 | 10.06 | 7.86 | 4.92 |
| NET Worth | 10.84 | 8.30 | 4.78 | 2.99 |
| Reserves and Surplus | 4.59 | 2.05 | -1.47 | -3.26 |
| Total Borrowing | 18.73 | 17.57 | 16.10 | 20.89 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| IRIS Clothings Ltd. | SME | ₹11.07 Cr | ₹90 | null | ₹90.00 | +0.00% | ₹46.54 (-0.60%) |
| Vinny Overseas Ltd. | SME | ₹10.37 Cr | ₹40 | null | ₹42.40 | +6.00% | ₹1.06 (-0.93%) |
| Mittal Life Style Ltd. | SME | ₹4.41 Cr | ₹21 | null | ₹21.00 | +0.00% | ₹0.93 (+0.00%) |
| TCNS Clothing Co.Ltd. | Mainboard | ₹1,125.13 Cr | ₹716 | null | ₹659.15 | -7.94% | ₹583.95 (+2.14%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 7.25 |
| 2 | General Corporate Purpose | 0.06 |
About Artedz Fabs IPO
Incorporated in 2006, Mumbai based Artedz Fabs Limited is engaged in trading and manufacturing of cotton yarn dyed fabrics for suiting and shirting. With in-house designing team and expertise in grey fabrics, they receive the orders from Indian and international markets as well. It has a major manufacturing unit installed at Bhiwandi, Maharashtra, with a capacity of 21 Lakhs Sq. metre fabrics per annum. The popular products of the company are cotton fabric, linen fabric, polyester fabric, nylon fabric and blended fabric. Company follow Just-in-time concept for managing its inventory level and cost which means they manufacture its products on the basis of orders received from the customers. The company is specialised in manufacturing men's clothing for summer and winter. Artedz is planning to expand the operations in women wear as well. The company sell its products to the traders engaged in the textile industry. They further sell the fabric to the units engaged in the manufacturing of apparels.Following strengths have contributed to the company's success and will continue to be competitive:• On-Time Delivery• Experienced team and promoters• Unique in-house design • Long-maintained
Contact Details
Artedz Fabs Ltd. Address206, Gambhir Industrial EstateOpp.Paramount Print, Off Aarey RoadGoregaon (East)Mumbai, Maharashtra, 400063+91 022 29276278investors@artedzfabs.comVisit Website