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Jainam Ferro Alloys IPO is a fixed price issue of ₹19.61 crores. The issue is a combination of fresh issue of 0.13 crore shares aggregating to ₹9.11 crores and offer for sale of 0.15 crore shares aggregating to ₹10.50 crores.
Jainam Ferro Alloys IPO bidding started from Sep 28, 2021 and ended on Sep 30, 2021. The allotment for Jainam Ferro Alloys IPO was finalized on Oct 5, 2021. The shares got listed on NSE SME on Oct 8, 2021.
Jainam Ferro Alloys IPO price is ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Jainam Ferro Alloys IPO RHP for detailed Information.
| IPO Date | September 28, 2021 to September 30, 2021 |
| Listing Date | October 8, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 28,02,000 shares (aggregating up to ₹19.61 Cr) |
| Reserved for Market Maker | 1,50,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.05 Cr) |
| Fresh Issue (Ex Market Maker) | 11,52,000 shares (aggregating up to ₹8.06 Cr) |
| Offer for Sale | 15,00,000 shares of ₹10 (aggregating up to ₹10.50 Cr) |
| Net Offered to Public | 26,52,000 shares (aggregating up to ₹18.56 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 92,59,200 shares |
| Share Holding Post Issue | 1,05,61,200 shares |
Jainam Ferro Alloys IPO offers total 28,02,000 shares. Out of which 13,26,000 (47.32%) allocated to NII, 13,26,000 (47.32%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,50,000 (5.35%) |
| NII (HNI) Shares Offered | 13,26,000 (47.32%) |
| Retail Shares Offered | 13,26,000 (47.32%) |
| Total Shares Offered | 28,02,000 (100.00%) |
Jainam Ferro Alloys IPO opens on September 28, 2021, and closes on September 30, 2021.
| IPO Open Date | Tue, Sep 28, 2021 |
| IPO Close Date | Thu, Sep 30, 2021 |
| Tentative Allotment | Tue, Oct 5, 2021 |
| Initiation of Refunds | Wed, Oct 6, 2021 |
| Credit of Shares to Demat | Thu, Oct 7, 2021 |
| Tentative Listing Date | Fri, Oct 8, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 30, 2021 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Jainam Ferro Alloys (I) Limited has been engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese (FeMn) and Silico manganese (SiMn), largely used in the Steel industry. The company also generates revenue from its trading activities of manganese ore, used as a raw material in the manufacturing of Ferro alloys.
The company derives the majority of its revenue from Ferro Manganese. The company has its registered office and manufacturing facility at Raipur, Chattisgarh.
Competitive Strengths
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 524.18 | 391.94 | 402.28 | ||
| Total Revenue | 1025.17 | 1223.36 | 1323.97 | ||
| Profit After Tax | 31.17 | 8.64 | 28.85 | ||
The Company Jainam Ferro Alloys IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital requirements | 6.78 |
| 2 | General Corporate Purpose | 1.85 |
[Dilip Davda] The company has shown inconsistency in bottom lines with declining top lines. Based on super profits of FY21 the issue is aggressively priced. Though the sector is fancied by investors, higher pricing of the IPO makes this issue a costly bet. There is no harm in ignoring this costly bet. Read detail review...
| Listing Date | October 8, 2021 |
| BSE Script Code | |
| NSE Symbol | JAINAM |
| ISIN | INE02KC01010 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹73.00 |
| Low | ₹73.00 |
| High | ₹76.65 |
| Last Trade | ₹73.10 |
Jainam Ferro Alloys (I) Ltd.
Plot No. 103 to 113
& 130 to 136/A & 137,
Urla Industrial Area
Raipur, Chhattisgarh, 492003
Phone: 771 4700109
Email: cs@jainamferro.com
Website: http://www.jainamferro.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jainam Ferro Alloys IPO is a SME IPO of 28,02,000 equity shares of the face value of ₹10 aggregating up to ₹19.61 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on September 28, 2021, and closes on September 30, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jainam Ferro Alloys IPO using UPI as a payment gateway. Zerodha customers can apply in Jainam Ferro Alloys IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jainam Ferro Alloys IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jainam Ferro Alloys IPO opens on September 28, 2021 and closes on September 30, 2021.
Jainam Ferro Alloys IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Jainam Ferro Alloys IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jainam Ferro Alloys IPO will be done on Tuesday, October 5, 2021, and the allotted shares will be credited to your demat account by Thursday, October 7, 2021. Check the Jainam Ferro Alloys IPO allotment status.
The Jainam Ferro Alloys IPO listing date is on Friday, October 8, 2021.
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