Jay Bee Laminations Limited IPO Overview
The Jay Bee Laminations IPO is a book-built issue aiming to raise ₹88.96 crores. It comprises a fresh issue of 45.7 lakh shares valued at ₹66.72 crores and an offer for sale of 15.23 lakh shares totalling ₹22.24 crores.
Subscription Details
The IPO opens for subscription on August 27, 2024, and closes on August 29, 2024. Allotments are expected to be finalized on August 30, 2024, with shares tentatively listed on the NSE SME platform on September 3, 2024.
Price Band and Investment
The price band is set between ₹138 and ₹146 per share. The minimum lot size for applications is 1,000 shares. Retail investors need to invest at least ₹146,000, while High Net Worth Individuals (HNIs) must invest in a minimum of 2 lots (2,000 shares), amounting to ₹292,000.
IPO Management
Swaraj Shares and Securities Private Limited is the book-running lead manager, and Bigshare Services Pvt Ltd is the registrar. Shreni Shares serves as the market maker.
For detailed information, refer to the Jay Bee Laminations IPO Red Herring Prospectus (RHP).
Jay Bee Laminations Limited IPO Important dates
Jay Bee Laminations IPO opens on August 27, 2024, and closes on August 29, 2024.
| IPO Open Date | Tuesday, August 27, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Jay Bee Laminations Limited IPO Financial Performance
Jay Bee Laminations Limited’s revenue increased by 23%, and profit after tax (PAT) rose by 42% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,091.32 | 10,897.58 | 9,514.73 |
| Revenue | 30,349.56 | 24,748.86 | 14,167.39 |
| Profit After Tax | 1,935.27 | 1,360 | 571.63 |
| Net Worth | 6,281.44 | 4,346.17 | 2,986.17 |
| Reserves and Surplus | 4,481.68 | 4,046.21 | 2,686.21 |
| Total Borrowing | 2,416.15 | 3,143.25 | 2,693.08 |
Jay Bee Laminations Limited IPO Key Performance Indicator
The market capitalization of Jay Bee Laminations IPO is Rs 329.49 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 36.42% |
| ROCE | 39.23% |
| Debt/Equity | 0.38 |
| RoNW | 30.81% |
| P/BV | 4.18 |
| PAT Margin (%) | 6.39 |
Jay Bee Laminations Limited IPO Objectives
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- Funding our working capital requirements and
- General Corporate Expenses.
Jay Bee Laminations Limited IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹146,000 |
| Retail (Max) | 1 | 1000 | ₹146,000 |
| HNI (Min) | 2 | 2,000 | ₹292,000 |
Jay Bee Laminations Limited IPO Details
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹138 to ₹146 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,093,000 shares (aggregating up to ₹88.96 Cr) |
| Fresh Issue | 4,570,000 shares (aggregating up to ₹66.72 Cr) |
| Offer for Sale | 1,523,000 shares of ₹10 (aggregating up to ₹22.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 17,997,600 |
| Shareholding post issue | 22,567,600 |
| Market Maker portion | 305,000 shares |
Jay Bee Laminations Limited Company Overview and Services
Jay Bee Laminations Ltd, established in 1988, specializes in the supply of Cold Rolled grain-oriented (CRGO) and Cold Rolled Non-Grain-Oriented (CRNGO) Steel Cores.
Products and Applications
The company manufactures and supplies electrical laminations, slotted coils, and assembled cores in CRGO and CRNGO steel. These products are used in transformers, UPS systems, and power industry inverters.
Facilities and Capacity
Jay Bee Laminations operates a production facility spanning 10,878 square meters, equipped with advanced proprietary equipment for cutting, slitting, assembling, and testing CRGO and CRNGO electrical steel cores. The facility includes a dedicated laboratory for raw material and product testing, as well as a tooling department for blade sharpening. As of December 31, 2023, the company utilized 84% of its installed capacity and can serve customers manufacturing transformers up to 220 kV class.
Customer Base
The company’s customers include manufacturers of power and distribution transformers ranging from 11 kV to 220 kV.
Employment
As of March 31, 2024, Jay Bee Laminations employed 277 people.
Jay Bee Laminations Limited IPO GMP Details
Jay Bee Laminations SME IPO last GMP is ₹90, last updated Aug 29th 2024 04:54 PM. With a price band of 146.00, Jay Bee Laminations SME IPO’s estimated listing price is ₹236 (cap price + today’s GMP). The expected percentage gain/loss per share is 61.64%
The lowest GMP is ₹45, while the highest GMP is ₹85. Stay with us to know the daily price trend of Jay Bee Laminations SME IPO GMP with an expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 29-08-2024 Close | 146.00 | ₹90  |
68400 | ₹236 (61.64%) | 29-Aug-2024 |
| 28-08-2024 | 146.00 | ₹85  |
64600 | ₹231 (58.22%) | 28-Aug-2024 |
| 27-08-2024 Open | 146.00 | ₹85 |
64600 | ₹231 (58.22%) | 27-Aug-2024 |
| 26-08-2024 | 146.00 | ₹85 |
64600 | ₹231 (58.22%) | 26-Aug-2024 |
| 25-08-2024 | 146.00 | ₹85 |
64600 | ₹231 (58.22%) | 25-Aug-2024 |
| 24-08-2024 | 146.00 | ₹85 |
64600 | ₹231 (58.22%) | 24-Aug-2024 |
| 23-08-2024 | 146.00 | ₹65 |
49400 | ₹211 (44.52%) | 23-Aug-2024 |
| 22-08-2024 | 146.00 | ₹45 |
34200 | ₹191 (30.82%) | 22-Aug-2024 |
Jay Bee Laminations Limited IPO subscription status
Jay Bee Laminations IPO subscribed 112.84 times. The public issue subscribed 85.79 times in the retail category, 72.35 times in QIB, and 229.86 times in the NII category by August 29, 2024.
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Anchor Investors | 1 | 17,10,000 | 17,10,000 | 24.97 |
| Market Maker | 1 | 3,05,000 | 3,05,000 | 4.45 |
| Qualified Institutions | 72.35 | 11,40,000 | 8,24,79,000 | 1,204.19 |
| Non-Institutional Buyers*** | 229.86 | 8,72,000 | 20,04,36,000 | 2,926.37 |
| Retail Investors | 85.79 | 20,66,000 | 17,72,32,000 | 2,587.59 |
| Total ** | 112.84 | 40,78,000 | 46,01,47,000 | 6,718.15 |
Total Application: 177,232
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- ***: Market Maker portion is not included in NII/HNI.
Jay Bee Laminations IPO Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Aug 27, 2024 |
0.00 | 3.33 | 8.88 | 5.21 |
| Day 2 Aug 28, 2024 |
0.00 | 15.91 | 32.06 | 19.64 |
| Day 3 Aug 29, 2024 |
72.35 | 229.86 | 85.79 | 112.84 |
Jay Bee Laminations Limited IPO Allotment status
Jay Bee Laminations IPO allotment is expected on August 30, 2024.
Jay Bee Laminations IPO allotment status is not available at this time. Jay Bee Laminations IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates on Jay Bee Laminations Limited’s IPO allotment status.
To check Jay Bee Laminations IPO allotment status, follow the steps below:
- Click on the allotment status check button below.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.
Jay Bee Laminations Limited Contact Details
Jay Bee Laminations Limited
26/36, Upper Ground Floor,
East Patel Nagar New Delhi Patel Nagar East,
Central Delhi, New Delhi -110008
Phone: +91-9870403729
Email: investor@jaybeelaminations.co.in
Website: http://www.jaybeelaminations.co.in/
Here is the list of Upcoming SME IPO in August 2024
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and there is no guarantee of financial returns. The information provided should not be construed as financial or investment advice. Prospective investors are advised to carefully consider their economic situation, investment objectives, and risk tolerance before participating in an IPO.
It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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