Jay Bee Laminations Limited

27 Aug 2024 - 29 Aug 2024 Individual Category SME NSE

Min Investment

₹146000

Price Band

₹138-₹146

Issue Size

43.83 lakhs
Equity Shares

Lot Size

1000

IPO Dates
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27 Aug 2024

Open Date

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29 Aug 2024

Close Date

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30 Aug 2024

Allotment Date

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03 Sep 2024

Listing Date

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 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.

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About Jay Bee Laminations Limited

ay 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. 

Founded

1988

Managing Director

Munish Kumar Aggarwal, Mudit Aggarwal, and Sunita Aggarwal

Parent Organization

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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