IPO Issue Details
Issue Price / Price Band₹146 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size60,93,000 shares (aggregating up to ₹88.96 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 27 Aug 2024
Subscription CloseThu, 29 Aug 2024
Anchor AllotmentMon, 26 Aug 2024
Basis of AllotmentFri, 30 Aug 2024
Initiation of RefundsMon, 02 Sep 2024
Credit of Shares to DematMon, 02 Sep 2024
Listing DateTue, 03 Sep 2024
UPI Mandate Deadline2024-08-29
Application & Investment Details
Retail — Min (1 Lots)₹1,46,000 — 1,000 shares
Retail — Max (13 Lots)₹1,898,000 (13 Lots)
HNI — Min (2 Lots)₹2,92,000 — 2,000 shares
EPS (Pre-IPO)₹10.75
EPS (Post-IPO)₹8.58
P/E Ratio (Pre-IPO)13.58x
P/E Ratio (Post-IPO)17.03x
Net Offer to Public57,88,000 shares (aggregating up to ₹84.50 Cr)
Reserved for Market Maker3,05,000 shares (aggregating up to ₹4.45 Cr)
Pre-IPO Promoter Holding1,79,97,600 shares
Post-IPO Promoter Holding2,25,67,600 shares
Fresh Issue Shares42,65,000 shares (aggregating up to ₹62.27 Cr)
Offer for Sale Shares15,23,000 shares of ₹10 (aggregating up to ₹22.24 Cr)
About Jay Bee Laminations Ltd
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.
Objects of the Issue
Jay Bee Laminations Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding our working capital requirements; and
2
General Corporate Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,79,97,600 shares
Post-IPO Promoter Holding
2,25,67,600 shares