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Jay Bee Laminations IPO is a book build issue of ₹88.96 crores. The issue is a combination of fresh issue of 0.46 crore shares aggregating to ₹66.72 crores and offer for sale of 0.15 crore shares aggregating to ₹22.24 crores.
Jay Bee Laminations IPO bidding started from Aug 27, 2024 and ended on Aug 29, 2024. The allotment for Jay Bee Laminations IPO was finalized on Aug 30, 2024. The shares got listed on NSE SME on Sep 3, 2024.
Jay Bee Laminations IPO price band is set at ₹146.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,38,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,92,000.
Swaraj shares & securities Pvt.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 Shreni Shares Ltd..
Refer to Jay Bee Laminations IPO RHP for detailed Information.
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | September 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹138 to ₹146 per share |
| Issue Price Final | ₹146 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 60,93,000 shares (aggregating up to ₹88.96 Cr) |
| Reserved for Market Maker | 3,05,000 shares Shreni Shares Ltd. (aggregating up to ₹4.45 Cr) |
| Fresh Issue (Ex Market Maker) | 42,65,000 shares (aggregating up to ₹62.27 Cr) |
| Offer for Sale | 15,23,000 shares of ₹10 (aggregating up to ₹22.24 Cr) |
| Net Offered to Public | 57,88,000 shares (aggregating up to ₹84.50 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,79,97,600 shares |
| Share Holding Post Issue | 2,25,67,600 shares |
Jay Bee Laminations IPO offers total 60,93,000 shares. Out of which 28,50,000 (46.77%) allocated to QIB, 11,40,000 (18.71%) allocated to QIB, 8,72,000 (14.31%) allocated to NII, 20,66,000 (33.91%) allocated to RII and 17,10,000 (28.06%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,05,000 (5.01%) |
| QIB Shares Offered | 28,50,000 (46.77%) |
| − Anchor Investor Shares Offered | 17,10,000 (28.06%) |
| − QIB (Ex. Anchor) Shares Offered | 11,40,000 (18.71%) |
| NII (HNI) Shares Offered | 8,72,000 (14.31%) |
| Retail Shares Offered | 20,66,000 (33.91%) |
| Total Shares Offered | 60,93,000 (100.00%) |
Jay Bee Laminations IPO raises ₹24.97 crore from anchor investors. Jay Bee Laminations IPO Anchor bid date is August 26, 2024. Jay Bee Laminations IPO Anchor Investors list
| Bid Date | August 26, 2024 |
| Shares Offered | 17,10,000 |
| Anchor Portion Size (In Cr.) | 24.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 28, 2024 |
Jay Bee Laminations IPO opens on August 27, 2024, and closes on August 29, 2024.
| IPO Open Date | Tue, Aug 27, 2024 |
| IPO Close Date | Thu, Aug 29, 2024 |
| Tentative Allotment | Fri, Aug 30, 2024 |
| Initiation of Refunds | Mon, Sep 2, 2024 |
| Credit of Shares to Demat | Mon, Sep 2, 2024 |
| Tentative Listing Date | Tue, Sep 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 29, 2024 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,46,000 |
| Retail (Max) | 1 | 1,000 | ₹1,46,000 |
| HNI (Min) | 2 | 2,000 | ₹2,92,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Jay Bee Laminations Ltd was established in 1988 and is active in the supply of Cold Rolled Grain Oriented Silicon Steel (CRGO) Cores and Cold-Rolled Non-Grain-Oriented (CRNGO) Steel Cores.
The company manufactures and supplies a range of products including electrical laminations, slotted coils and assembled cores in cold rolled grain oriented silicon steel and cold rolled non-grain oriented steel for applications in transformers, UPS and inverters for end use in the power industry.
The company’s production facilities are equipped with all proprietary equipment for cutting, slitting, assembling and testing CRGO and CRNGO electrical steel cores and cover a total area of 10,878 square metres. The company also has its own laboratory for testing raw materials and finished products, as well as its own tooling department for sharpening blades. The current facilities are well equipped to serve customers who manufacture transformers up to 220 kV class. In addition, the company has utilised 84% of its installed capacity as of December 31, 2023.
Jay Bee Laminations' customer base includes manufacturers producing transformers ranging from 11 kV to 220 kV, including power and distribution transformers.
As of March 31, 2024, the company employed a total of 277 people.
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 |
| Total Income | 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 |
| Amount in ₹ Lakhs | |||
The market capitalization of Jay Bee Laminations IPO is ₹329.49 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 36.42% |
| ROCE | 39.23% |
| Debt/Equity | 0.38 |
| RoNW | 30.81% |
| PAT Margin | 6.39% |
| Price to Book Value | 4.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.75 | 8.58 |
| P/E (x) | 13.58 | 17.03 |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears relatively fully priced. Well-informed investors may park moderate fund for medium term. Read detail review...
| Listing Date | September 3, 2024 |
| BSE Script Code | |
| NSE Symbol | JAYBEE |
| ISIN | INE0SMY01017 |
| Final Issue Price | ₹146 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹146.00 |
| Open | ₹277.40 |
| Low | ₹277.40 |
| High | ₹291.25 |
| Last Trade | ₹291.25 |
Jay Bee Laminations Ltd.
26/36, Upper Ground Floor,
East Patel Nagar New Delhi Patel Nagar East,
Central Delhi, New Delhi -110008
Central Delhi, New Delhi
Phone: +91-9870403729
Email: investor@jaybeelaminations.co.in
Website: http://www.jaybeelaminations.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jay Bee Laminations IPO is a SME IPO of 60,93,000 equity shares of the face value of ₹10 aggregating up to ₹88.96 Crores. The issue is priced at ₹146 per share. The minimum order quantity is 1000.
The IPO opens on August 27, 2024, and closes on August 29, 2024.
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 Jay Bee Laminations IPO using UPI as a payment gateway. Zerodha customers can apply in Jay Bee Laminations IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jay Bee Laminations IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jay Bee Laminations IPO opens on August 27, 2024 and closes on August 29, 2024.
Jay Bee Laminations IPO lot size is 1000, and the minimum amount required for application is ₹1,46,000.
You can apply in Jay Bee Laminations 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 Jay Bee Laminations IPO will be done on Friday, August 30, 2024, and the allotted shares will be credited to your demat account by Monday, September 2, 2024. Check the Jay Bee Laminations IPO allotment status.
The Jay Bee Laminations IPO listing date is on Tuesday, September 3, 2024.
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