Jay Bee Lamination IPO: Know Everything About IPO

• Jay Bee Lamination IPO is a fixed price issue of Rs 88.96 crores.
• This upcoming IPO bidding opens on August 27 and closes on August 29, 2024.
• Jay Bee Lamination IPO SME IPO price is set at Rs 138 to Rs 146 per share.
• The minimum investment required is Rs 1,46,000.

Jay Bee Lamination IPO: Synopsis

Jay Bee Lamination IPO is open for subscription starting Tuesday, August 27, 2024, and closing on Friday, August 29, 2024. This upcoming IPO's price is Rs 138 to Rs 146 per share. The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2000 shares. 

The minimum investment required for retail category investors is Rs 1,46,000 (146 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,92,000 (146 x 2000 shares). 

Jay Bee Lamination IPO is a fixed price issue of Rs 88.96 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of 45.7 lakh equity shares amounting Rs 66.72 crores and OFS is of Rs 15.23 lakh amounting to Rs 22.24 crores.

The allotment for this new IPO is expected to be finalised on Friday, August 30, 2024. Jay Bee Lamination IPO will be listed on NSE SME on Tuesday, September 3, 2024. Swaraj Shares and Securities Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar, and Sherni Shares is the market maker for this IPO. 

Also Read | Indian Phosphate IPO: All Important Points Discussed Below

Jay Bee Lamination IPO: About the Company

Jay Bee Lamination was founded in 1988 and is active in the supply of Cold Rolled Grain rolled-oriented silicon Steel. 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. 

Jay Bee Lamination 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 company’s customer base includes manufacturers producing transformers ranging from 11 kV to 220 kV, including power and distribution transformers. The company had a team of 277 employees. 

Jay Bee Lamination IPO: Objectives

The funds received from this initial public offer will be used for funding the working capital requirements and meeting the general corporate purposes. 

Jay Bee Lamination IPO: Other Important Details 

Time-Table of Jay Bee Lamination IPO

Jay Bee Lamination IPO: Financial Metrics (Amt in Rs Lakhs)

Jay Bee Lamination IPO posted revenue of Rs 30,349.56 lakhs and net profit of Rs 1,935.27 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 23% and PAT increased by 42% between the FY ending with 31 Mar 2024 and 31 Mar 2023. 

Minimum Investment: Lot Size Details 

Promoters of Jay Bee Lamination IPO Limited and Their Holdings

The promoters of Jay Bee Lamination IPO are Munish Kumar Aggarwal, Mudit Aggarwal, and Sunita Aggarwal. The promoters' shareholdings before the IPO were 97%; however, shareholding details after the IPO are not yet available. 

Jay Bee Lamination IPO: Strength of Company

1.Jay Bee Lamination Limited is active in the supply of cold-rolled grain-oriented silicon steel.

2.The company's debt-to-equity ratio is 0.38, which is quite good as compared to peers. 

3.Jay Bee Laminations' revenue and net profit are slowly on the rise and shows decent growth. 

FAQs

1. What are the details of the Jay Bee Lamination IPO?

Jay Bee Lamination IPO is a fixed price issue of Rs 88.96 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of 45.7 lakh equity shares amounting Rs 66.72 crores and OFS is of Rs 15.23 lakh amounting to Rs 22.24 crores.

2. Who are the lead managers for the Jay Bee Lamination IPO?

Swaraj Shares and Securities Private Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Private Limited is the registrar for Jay Bee Lamination IPO Limited, handling the IPO's administrative aspects.

4. How can I apply for the Jay Bee Lamination IPO?

The public subscription of this new IPO will open on August 27, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The funds received from this initial public offer will be used for funding the working capital requirements and meeting the general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Jay Bee Lamination IPO Limited IPO by visiting here. For further updates follow Bigul. 

Also Read | Rapid Multimodal Logistics IPO: Read Details Below