Sahaj Fashions IPO: GMP, subscription status on day 3, other key details

livemint.com:

₹30 per equity share and the Sahaj Fashions IPO shares will get listed on Wednesday, September 6 on NSE SME. Sahaj Fashions is a small-to-medium enterprise (SME) company that manufactures fabric for garment making, home furnishings, and industrial applications. Sahaj Fashions IPO is a fixed price issue and the total issue size is ₹13.96 crore.

The IPO comprises a fresh issue of 4,476,000 shares at ₹30 per share. The company intends to utilise the net proceeds from the issue towards the funding of working capital requirements including margin money, prepayment/repayment of certain secured borrowings availed by the company, and for general corporate purposes. Also Read: Rishabh Instruments IPO: Rishabh IPO opens tomorrow; here are 10 things to know Rohit Toshniwal, Sadhana Toshniwal, Norat Mal Choudhary, Prabha Lakhotia, Rakesh Choudhary, Mukul Lakhotia, and Nitin Toshniwal are the company's promoters.

Sahaj Fashion IPO allotment is expected to be finalised on September 1, and the company will initiate refunds on September 4. The shares are likely to be credited to the demat account of allottees on September 5. Bigshare Services Pvt Ltd is the IPO registrar and Khambatta Securities Limited is the IPO lead manager.

Also Read: Sahaj Fashions IPO: Check subscription status, GMP today, other key things to know Sahaj Fashions IPO subscription status was 7.66 times on day 3 so far. The issue received decent response from retail investors who's portion set was subscribed 11.54 times, and non-institutional buyers who's portion set was subscribed 3.77 times, according to data on chittorgarh.com. The company has received bids for 3,38,12,000 shares against 4,652,000 shares on offer, at 16:19 IST, according to data on