Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Jajoo Rashmi Refractories Ltd. on April 30, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Jajoo Rashmi Refractories Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on NSE and BSE. Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Jajoo Rashmi Refractories IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Dec 27, 2024 |
| SEBI/Exchange approval received | Wed, Apr 30, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in 1995, Jajoo Rashmi Refractories Limited is engaged in manufacturing and exporting various grades of ferro alloys, which are essential raw materials used in steel production.
The company manufactures ferro alloys like ferro silicon, ferro manganese, and silico manganese for steel production, enhancing properties like corrosion resistance, hardness, and strength, along with refractory products like silica ramming mass and casting powders.
The company operates in regions like the Middle East, Africa, and Europe, exporting to 29 countries. With over two decades of experience, it has three manufacturing units and a total capacity of 78,000 MTPA.
The company caters to various stages of steel manufacturing, offering core products and sourcing additional materials like high-carbon ferrochrome and calcined petroleum coke, making it a preferred supplier for steel manufacturers.
The company’s manufacturing plants are strategically located near ports and mineral belts, reducing logistics costs and enabling competitive pricing. The units are well connected by roads and ports for efficient operations.
The company has a dedicated Quality Team in all manufacturing units, supported by third-party agencies, ensuring that raw materials and final products meet quality standards before dispatch.
As of November 15, 2024, the company had an employee base of seventy-eight (78) employees.
Competitive Strengths:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 142.00 | 129.93 | 86.61 | 65.19 |
| Total Income | 118.82 | 338.58 | 309.29 | 235.40 |
| Profit After Tax | 6.34 | 24.19 | 22.98 | 8.79 |
| NET Worth | 85.43 | 77.26 | 49.74 | 26.82 |
| Reserves and Surplus | 55.10 | 47.14 | 49.09 | 26.17 |
| Total Borrowing | 31.81 | 33.60 | 23.65 | 25.71 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part finance the cost of establishing new manufacturing facilities to expand the production capabilities of ferro alloys in the Proposed Bokaro Project | 61.83 |
| 2 | Funding working capital requirements of the Company | 47.67 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 31.42% |
| ROCE | 28.55% |
| Debt/Equity | 0.43 |
| RoNW | 31.42% |
| PAT Margin | 7.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.74% |
Lead Manager Reports
Jajoo Rashmi Refractories IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Jajoo Rashmi Refractories IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Jajoo Rashmi Refractories IPO using UPI as a payment gateway. Zerodha customers can apply in Jajoo Rashmi Refractories IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jajoo Rashmi Refractories IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jajoo Rashmi Refractories IPO dates are not announced. Please check back again after some time.
Jajoo Rashmi Refractories IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Jajoo Rashmi Refractories 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 Jajoo Rashmi Refractories IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Jajoo Rashmi Refractories IPO allotment status.
The Jajoo Rashmi Refractories IPO listing date is not yet announced. The tentative date of listing is .
