Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Tue, Sep 28, 2021 - Thu, Sep 30, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 28, 2021
IPO Close
Thu, Sep 30, 2021
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹73.93 Cr
| IPO Date | 28 to 30 Sep, 2021 |
| Listed on | Fri, Oct 8, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,02,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,50,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 11,52,000 shares (agg. up to ₹8 Cr) |
| Offer for Sale | 15,00,000 shares of ₹10 (agg. up to ₹11 Cr) |
| Net Offered to Public | 26,52,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 92,59,200 shares |
| Share Holding Post Issue | 1,05,61,200 shares |
| NSE Symbol | JAINAM |
| ISIN | INE02KC01010 |
Jainam Ferro Alloys IPO comprises a total issue size of 28,02,000 shares. The net offer to the public is 26,52,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 13,26,000 (50.00%) allocated to NII 13,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,26,000 | 50.00% | 47.32% |
| Retail Shares Offered | 13,26,000 | 50.00% | 47.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.35% | |
| Total Shares Offered | 28,02,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 6.78 |
| 2 | General Corporate Purpose | 1.85 |
The Jainam Ferro Alloys IPO is subscribed 6.65 times on September 30, 2021 5:00:00 PM (Day 3). The public issue subscribed 7.07 times in the retail category, [.] times in the QIB category, and 6.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.23 | 13,26,000 | 82,64,000 |
| Retail | 7.07 | 13,26,000 | 93,70,000 |
| Total | 6.65 | 26,52,000 | 1,76,34,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.23 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.02 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.60 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹73.00 |
| Low | ₹73.00 |
| High | ₹76.65 |
| Last Trade | ₹73.10 |
Lead Manager Reports
Jainam Ferro Alloys IPO is a SME IPO of 28,02,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Sep 28, 2021, and closes on Thu, Sep 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 Tue, Sep 28, 2021 and closes on Thu, Sep 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 Thu, Oct 7, 2021. Check the Jainam Ferro Alloys IPO allotment status.
The Jainam Ferro Alloys IPO listing date is on Fri, Oct 8, 2021.
