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Jinsuri Electromet Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 27, 2025.
Jinsuri Electromet Ltd. IPO was a Fixed Price Issue
The equity shares were proposed to be listed on the BSE SME. Inventure Merchant Banker Services Pvt.Ltd. was the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 2,01,000 shares Inventure Growth & Securities Ltd. (aggregating up to ₹0.9045 Cr) |
| Net Offered to Public | 39,99,000 shares (aggregating up to ₹18.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 72,54,000 shares |
| Share Holding Post Issue | 1,12,53,000 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Jan 2, 2025 |
| Offer document withdrawn | Tue, May 27, 2025 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in2022, Jinsuri Electromet Limited is specializes in the supply of aluminum sections and fully fabricated windows to builders, contractors, and wholesale suppliers.
They source aluminum windows and electronic heat sinks through contract manufacturing arrangements with Ramco Extrusion Private Limited in Murbad.
The company sources electronic heat sinks from Ramco Extrusion Private Limited, supplying them to electrical contractors and wholesalers, and also supplies tools and die steel for precision tooling in high-performance applications.
The company trades in graphite products, including blocks, plates, powder, rods, dies, and crucibles, used in industries requiring high thermal and electrical conductivity, such as metal casting, lubricants, and die-casting.
Products:
As of December 18, 2024, the company has 9 employees.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 13.33 | 10.86 | 8.41 |
| Total Income | 11.11 | 18.63 | 0.41 |
| Profit After Tax | 0.38 | 0.65 | 0.01 |
| Net Worth | 12.4 | 9.74 | 2.59 |
| Reserves and Surplus | 5.15 | 5.73 | 0.01 |
| Total Borrowing | 0.01 | 0.47 | 5.75 |
| Amount in ₹ Crore | |||
The market capitalization of Jinsuri Electromet IPO is ₹50.64 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 6.62% |
| ROCE | 8.47% |
| RoNW | 6.62% |
| PAT Margin | 3.46% |
| Price to Book Value | 1.86 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.89 | 0.67 |
| P/E (x) | 50.57 | 67.25 |
The Company Jinsuri Electromet IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Acquire custom-made Dyes | 62.48 |
| 2 | Deposit payment for Contract Manufacturing | 20 |
| 3 | Purchase of Registered office / Corporate Office | 42.08 |
| 4 | Funding additional Working capital requirements | 28.71 |
| 5 | General Corporate Purposes | 15.69 |
Jinsuri Electromet Ltd.
B-702, Divine Jalpa, Gomati Bhuvan
Jambli Galli, Borivali (W),
Near Jain Mandir
Mumbai, Maharashtra, 400092
Phone: +91 22 2898 030
Email: info@jinsurielectromet.com
Website: http://www.jinsurielectromet.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Jinsuri Electromet IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The Jinsuri Electromet IPO open and close dates are not available as of now.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Jinsuri Electromet IPO using UPI as a payment gateway. Zerodha customers can apply in Jinsuri Electromet IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jinsuri Electromet IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jinsuri Electromet IPO dates are not announced. Please check back again after some time.
Jinsuri Electromet IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Jinsuri Electromet 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 Jinsuri Electromet IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jinsuri Electromet IPO allotment status.
The Jinsuri Electromet IPO listing date is not yet announced. The tentative date of Jinsuri Electromet IPO listing is [.].
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