Jay Bee Laminations IPO
IPO Listing Details
- Listing Date
03 Sep 2024
- Listing Price
₹ 277.40
- Listing Change
90.00%
- Last Traded Price
₹ 405.00
IPO Details
- Open Date
27 Aug 2024
- Close Date
29 Aug 2024
- IPO Price Range
₹ 138 to ₹ 146
- IPO Size
₹ 88.96 Cr
- Listing Exchange
NSE SME
- Listing Date
03 Sep 2024
IPO Timeline
Jay Bee Laminations IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Aug-24 | 0.00 | 3.25 | 8.55 | 5.03 |
| 28-Aug-24 | 0.00 | 15.89 | 31.75 | 19.48 |
| 29-Aug-24 | 72.35 | 229.93 | 86.58 | 113.25 |
Last Updated: 29 August 2024 6:14 PM by 5Paisa
Last Updated: 29th August 2024, 5:50 PM by 5paisa
Jay Bee Laminations IPO is set to open on 27 August 2024 and will close on 29 August 2024. The company specializes in supplying Cold Rolled Grain Oriented (CRGO) Silicon Steel Cores and Cold Rolled Non-Grain Oriented (CRNGO) Steel Cores.
The IPO includes a fresh issue of 45,70,000 shares aggregating up to ₹66.72 Cr and it also includes an offer for sale of 15,23,000 shares aggregating up to ₹22.24 Cr. The price is ₹138 to ₹146 per share and the lot size is 1000 shares.
The allotment is scheduled to be finalized on 30 August 2024. It will go public on NSE SME, with a tentative listing date of 03 September 2024.
Swaraj Shares and Securities Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Jay Bee IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 88.96 |
| Offer for Sale | 66.72 |
| Fresh Issue | 22.24 |
Jay Bee IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | 1,46,000 |
| Retail (Max) | 1 | 1000 | 1,46,000 |
| HNI (Min) | 2 | 2000 | 2,92,000 |
Jay Bee IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 72.35 | 11,40,000 | 8,24,79,000 | 1,204.19 |
| NII (HNI) | 229.93 | 8,72,000 | 20,04,97,000 | 2,927.26 |
| Retail | 86.58 | 20,66,000 | 17,88,65,000 | 2,611.43 |
| Total | 113.25 | 40,78,000 | 46,18,41,000 | 6,742.88 |
Jay Bee IPO Anchor Allocation
| Anchor Bid Date | 26 August 2024 |
| Shares Offered | 17,10,000 |
| Anchor portion Size (In ₹ Cr.) | 24.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | 29 September 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 28 November 2024 |
1. Funding our working capital requirements; and
2. General Corporate Expenses.
Jay Bee Laminations Ltd, founded in 1988, specializes in supplying Cold Rolled Grain Oriented (CRGO) Silicon Steel Cores and Cold Rolled Non-Grain Oriented (CRNGO) Steel Cores.
The company produces and supplies a wide range of products including electrical laminations, slotted coils, and assembled cores using CRGO and CRNGO steel, primarily catering to transformers, UPS systems, and inverters within the power industry.
Jay Bee Laminations operates production facilities spanning 10,878 square meters, equipped with proprietary machinery for cutting, slitting, assembling, and testing CRGO and CRNGO steel cores. The company also boasts an in-house laboratory for testing both raw materials and finished products, alongside a tooling department for sharpening blades. The facilities are designed to support the manufacturing of transformers up to the 220 kV class, with a capacity utilization rate of 84% as of December 31, 2023.
The company serves a broad customer base that includes manufacturers of transformers ranging from 11 kV to 220 kV, covering both power and distribution transformers.
As of March 31, 2024, Jay Bee Laminations Ltd employed 277 people.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 303.50 | 247.49 | 141.67 |
| EBITDA | 32.70 | 23.35 | 12.29 |
| PAT | 19.35 | 13.60 | 5.72 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 130.91 | 108.98 | 95.15 |
| Share Capital | 18.00 | 3.00 | 3.00 |
| Total Borrowings | 24.16 | 31.43 | 26.93 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 15.77 | 5.09 | 7.98 |
| Net Cash Generated From / (used in) investing activities | -5.05 | -1.06 | -0.11 |
| Net Cash Generated From / (used in) financing activities | -13.23 | -0.51 | -4.47 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -2.51 | 3.52 | 3.4 |
Strengths
1. The company has built a strong reputation in the electrical steel core manufacturing industry.
2. The company offers a comprehensive portfolio catering to various applications in the power industry.
3. The company ensures high-quality production and precision.
4. The company effectively utilized 84% of its installed capacity as of December 31, 2023.
5. The company serves niche segments in the transformer industry.
Risks
1. The company’s customer base is heavily concentrated in the power industry, making it vulnerable to any slowdown or regulatory changes within this sector.
2. Operating at 84% capacity utilization leaves limited room for scaling production without further investment in facilities.
3. The company is exposed to economic downturns, which could lead to reduced orders and delays in projects.
4. The market for CRGO and CRNGO steel cores is competitive, with both domestic and international players vying for market share.
5. Fluctuations in the prices of raw materials, particularly steel, could impact profitability.
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FAQs
Jay Bee Laminations IPO opens from 27th August to 29th August 2024.
The size of the Jay Bee Laminations IPO is ₹88.96 Cr.
The price of Jay Bee Laminations IPO is fixed at ₹138 to ₹146 per share.
To apply for Jay Bee Laminations IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Jay Bee Laminations IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Jay Bee Laminations IPO is 1,000 shares and the investment required is ₹1,46,000.
The share allotment date of Jay Bee Laminations IPO is 30th August 2024
The Jay Bee Laminations IPO will be listed on 03rd September 2024.
Swaraj Shares and Securities Pvt Ltd is the book-running lead manager for Jay Bee Laminations IPO.
Jay Bee Laminations plans to utilize the raised capital from the IPO for:
1. Funding our working capital requirements.
2. General Corporate Expenses.
Contact Information
Jay Bee Laminations
Jay Bee Laminations Limited
26/36, Upper Ground Floor,
East Patel Nagar New Delhi Patel Nagar East,
Central Delhi, New Delhi -110008
Phone: +91-9870403729
Email: investor@jaybeelaminations.co.in
Website: http://www.jaybeelaminations.co.in/
Jay Bee Laminations IPO Register
Swaraj shares and securities private limited
Jay Bee Laminations IPO Lead Manager
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
