Bookbuilding IPO | ₹89 Cr | Listed at NSE SME | Tue, Aug 27, 2024 - Thu, Aug 29, 2024
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 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,46,000 (1000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Aug 27, 2024
IPO Close
Thu, Aug 29, 2024
Issue Price
₹146 per share
Market Cap (Pre-IPO)
₹329.49 Cr
| IPO Date | 27 to 29 Aug, 2024 |
| Listed on | Tue, Sep 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹138 to ₹146 |
| Issue Price | ₹146 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,93,000 shares (agg. up to ₹89 Cr) |
| Reserved for Market Maker | 3,05,000 shares Shreni Shares Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 42,65,000 shares (agg. up to ₹62 Cr) |
| Offer for Sale | 15,23,000 shares of ₹10 (agg. up to ₹22 Cr) |
| Net Offered to Public | 57,88,000 shares (agg. up to ₹85 Cr) |
| Share Holding Pre Issue | 1,79,97,600 shares |
| Share Holding Post Issue | 2,25,67,600 shares |
| NSE Symbol | JAYBEE |
| ISIN | INE0SMY01017 |
Jay Bee Laminations IPO comprises a total issue size of 60,93,000 shares. The net offer to the public is 57,88,000 shares, after excluding 3,05,000 shares allotted on a firm basis. Of the Net offer 28,50,000 (49.24%) are allocated to QIB, 8,72,000 (15.07%) allocated to NII 20,66,000 (35.69%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,50,000 | 49.24% | 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 | 15.07% | 14.31% |
| Retail Shares Offered | 20,66,000 | 35.69% | 33.91% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,05,000 | 5.01% | |
| Total Shares Offered | 60,93,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
Jay Bee Laminations IPO raises ₹24.97 crore from anchor investors. Jay Bee Laminations IPO Anchor bid date is August 26, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Aug 26, 2024 |
| Shares Offered | 17,10,000 |
| Anchor Portion (₹ Cr.) | 24.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Nov 28, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 130.91 | 108.98 | 95.15 |
| Total Income | 303.50 | 247.49 | 141.67 |
| Profit After Tax | 19.35 | 13.60 | 5.72 |
| NET Worth | 62.81 | 43.46 | 29.86 |
| Reserves and Surplus | 44.82 | 40.46 | 26.86 |
| Total Borrowing | 24.16 | 31.43 | 26.93 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements | 43.00 |
| 2 | General Corporate Purposes | 14.21 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 10.75 | 8.58 |
| P/E (x) | 13.58 | 17.03 |
| Promoter Holding | 97% | 70.61% |
| Market Cap | ₹329.49 Cr. |
The Jay Bee Laminations IPO is subscribed 113.95 times on August 29, 2024 6:19:59 PM (Day 3). The public issue subscribed 87.88 times in the retail category, 72.35 times in the QIB category, and 230.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 72.35 | 11,40,000 | 8,24,79,000 |
| NII* | 230.1 | 8,72,000 | 20,06,49,000 |
| Retail | 87.88 | 20,66,000 | 18,15,65,000 |
| Total | 113.95 | 40,78,000 | 46,46,93,000 |
Total Application : 1,81,565
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs' fees and commissions (including underwriting commission, brokerage and selling commission) | 5.44 |
| 2 | Selling commission/processing fee for SCSBs, Banker(s) to the Offer, Sponsor Bank(s) and fee payable to the Sponsor Bank(s) for Bids made by RIBs(2)(3)(4) | 0.00 |
| 3 | Bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs(5) | 0.01 |
| 4 | Fees payable to the Registrar to the Offer | 0.02 |
| 5 | Other expenses | |
| 6 | Listing fees, upload fees, NSE processing fees, book building software fees and other regulatory expenses | 0.04 |
| 7 | Printing and stationery | 0.02 |
| 8 | Advertising and marketing expenses | 0.10 |
| 9 | Fee payable to legal counsel | 0.03 |
| 10 | Fee payable to statutory auditors | 0.05 |
| 11 | Miscellaneous | 3.80 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹146.00 |
| Open | ₹277.40 |
| Low | ₹277.40 |
| High | ₹291.25 |
| Last Trade | ₹291.25 |
Lead Manager Reports
Jay Bee Laminations IPO is a SME IPO of 60,93,000 equity shares of the face value of ₹10 aggregating up to ₹89 Crores. The issue is priced at ₹146 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Aug 27, 2024, and closes on Thu, Aug 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 Tue, Aug 27, 2024 and closes on Thu, Aug 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 Mon, Sep 2, 2024. Check the Jay Bee Laminations IPO allotment status.
The Jay Bee Laminations IPO listing date is on Tue, Sep 3, 2024.
