Artedz Fabs IPO Review (Date, Price, DRHP)

Artedz Fabs IPO Review

Artedz Fabs Limited is engaged in trading and manufacturing of cotton yarn dyed fabrics for suiting and shirting in India. This is mainly a Mumbai based company. Here, we will focus on the topic of Artedz Fabs IPO Review along with date, price, issue details of the company.

Artedz Fabs IPO Review Issue Details :

  • IPO Opens on – March 18, 2019.
  • IPO Closes on – March 20, 2019.
  • Face Value – Rs.10 Per Equity Share.
  • Issue Price – Rs.34 – Rs.36 Per Equity Share.
  • Issue Type – Book Built Issue IPO.
  • Market Lot – 3000 Shares.
  • Minimum Order Quantity – 3000 Shares.
  • Issue Size – 2,310,000 Equity Shares of Rs. 10 aggregating up to Rs.8.32 Cr.
  • Listing Exchange – NSE SME Exchange.
  • Draft Prospectus – Click Here

Objectives of the issue of the Company :

  • Funding the Working Capital requirements of Artedz Fabs Limited.
  • General Corporate Purposes of this company.

About The Company –

  • Artedz Fabs Limited was incorporated in 2006.
  • With in-house designing team and expertise in grey fabrics, this company receives the orders from Indian and international markets as well.
  • Artedz Fabs Limited has a major manufacturing unit installed at Bhiwandi, Maharashtra, with a capacity of 21 Lakhs Sq. meter fabrics per annum.
  • The popular products of this company are cotton fabric, linen fabric, polyester fabric, nylon fabric, and blended fabric.
  • Artedz Fabs Limited 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.
  • This company is specialized in manufacturing men’s clothing for summer and winter.
  • Artedz Fabs Limited is planning to expand the operations in women wear as well.
  • This company sells its products to the traders engaged in the textile industry.
  • Artedz Fabs Limited further sell the fabric to the units engaged in the manufacturing of apparels.
  • This company also engage all types of weaving units, ranging from conventional looms to modern looms from time to time to further increase the production.

Artedz Fabs Limited

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LOCATION :

Artedz Fabs Limited :
Gambhir Industrial Estate,
A-206, Off Aarey Road,
Hanuman Tekdi, Goregaon East,
Mumbai, Maharashtra 400063.

The promoter of Artedz Fabs Limited :

  • Kashyap Gambhir, aged 51 years is the Promoter, Chairman and Managing Director of this Company.
  • Satbinder Singh Gill, aged 47 years is the Promoter and Whole Time Director of this Company.

The Board of Directors of this company :

  • Kashyap Gambhir, aged 51 years is the Promoter, Chairman and Managing Director of this Company.
  • Satbinder Singh Gill, aged 47 years is the Promoter and Whole Time Director of this Company.
  • Deepika Gambhir, aged 50 years is an Executive Director of the Company.
  • Amita Nyaynit, aged 37 years is an Additional (Non – Executive) Director of this Company.
  • Mrugank Gohil, aged 30 years is an Independent Director of this Company.
  • Shirish Rampure, aged 26 years is the Independent Director of this Company.

Competitive Strengths of Artedz Fabs Limited :

  • The main competitive strengths of Artedz Fabs Limited is their experienced promoters.
  • Timely Delivery is another strength of this company.
  • In house, Design is one of the competitive strengths of Artedz Fabs Limited.
  • The wide and diverse range of product offerings this company.

SWOT Analysis of This Company :

  • Strength –
  1. The experienced promoter in the textile industry.
  2. In-house designing expertise.
  • Weakness –
  1. Reliability on outsourced activities.
  2. Dependency on suppliers for product availability.
  3. Seasonal availability of raw material.
  • Opportunity –
  1. Capability to expand into value-added products.
  2. Large demand in export and domestic market.
  3. Government incentive for growth of the textile sector.
  • Threat –
  1. Market competition.
  2. Electric Power cut.
  3. Water scarcity.
  4. Raw material price fluctuation.

Business strategies of Artedz Fabs Limited :

  • The main business strategies of Artedz Fabs Limited is diversified into women wear.
  • One of the business strategies of this company is printing on Solid Fabrics.
  • Negotiate with Creditors for pricing is another strategy of Artedz Fabs Limited.
  • Strong Customer Relationship is one of the most important business strategies of Artedz Fabs Limited.

Company Financials :

Artedz Fabs IPO

Artedz Fabs IPO Review:

The financial data is taken from the company financials. It shows the past five years performance of the company which reflects the gaining percentage in the FY2018 is highest. Now, let’s analyze the other fundamental details of the company. As per the Fy17 data, taken from DRHP of the company, EPS (earnings per share) was at 2.86. The prospectus doesn’t reflect P/E (price to earnings ratio) of the company. Its RoNW (return on net worth) and NAV/Share were at 36.69 and 7.80 respectively. However, based on the analysis Artedz Fabs IPO Review score a NEUTRAL point. Investors can apply for it for a long period of time.

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