Apex Ecotech Limited IPO...
20 Nov 2024
Jay Bee Laminations Limited IPO And Its GMP
Jay Bee Laminations Limited currently manufactures and supplies a range of products such as electrical laminations, slit coils and assembled cores made of Cold Rolled Grain Oriented Silicon steel and Cold-Rolled Non-GrainOriented Steel for applications in transformers, UPS and inverters, for end-use in the power industry.
The Company’s manufacturing units are equipped with all in-house facilities for slitting, cutting, assembling and testing CRGO and CRNGO electrical steel cores spread across a total area of 10,878 sq mt. They also have an in-house laboratory for raw material and finished goods sample testing and an in-house tooling division for blade sharpening.
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● Total Issue Size:
₹88.96 crores
- ○ Fresh Issue: ₹66.72 crores (45.7 lakh shares)
- ○ Offer for Sale (OFS): ₹22.24 crores (15.23 lakh shares)
● Opening Date: August 27, 2024
● Closing Date: August 29, 2024
● Price Band: ₹138 to ₹146 per share
● Lot Size: Minimum lot size: 1000 shares
● Book Running Lead Manager: Swaraj Shares and Securities Private Limited
● Registrar: Bigshare Services Pvt Ltd
● Market Maker: Shreni Shares
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Jay Bee Laminations IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 02-09-2024 | 146.00 | 140.0 (96%) | 02-Sep-2024 13:10 |
| 30-08-2024 | 146.00 | 90.0 (62%) | 30-Aug-2024 13:10 |
| 29-08-2024 | 146.00 | 90.0 (62%) | 29-Aug-2024 12:30 |
| 28-08-2024 | 146.00 | 85.0 (58%) | 28-Aug-2024 13:30 |
| 27-08-2024 | 146.00 | 85.0 (58%) | 27-Aug-2024 13:10 |
| 25-08-2024 | 146.00 | 85.0 (58%) | 25-Aug-2024 12:20 |
| 24-08-2024 | 146.00 | 65.0 (45%) | 24-Aug-2024 13:17 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Jay Bee Laminations IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹138 to ₹146 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,093,000 shares (aggregating up to ₹88.96 Cr) |
| Fresh Issue | 4,570,000 shares (aggregating up to ₹66.72 Cr) |
| Offer for Sale | 1,523,000 shares of ₹10 (aggregating up to ₹22.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 17,997,600 |
| Shareholding post issue | 22,567,600 |
| Market Maker portion | 305,000 shares Shreni Shares |
Jay Bee Laminations IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, August 27, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Jay Bee Laminations IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹146,000 |
| Retail (Max) | 1 | 1000 | ₹146,000 |
| HNI (Min) | 2 | 2,000 | ₹292,000 |
Jay Bee Laminations IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Jay Bee Laminations IPO Promoter Holding
| Share Holding Pre Issue | 97.00% |
| Share Holding Post Issue |
Jay Bee Laminations IPO Anchor Investors Details
| Bid Date | August 26, 2024 |
| Shares Offered | 1,710,000 |
| Anchor Portion Size (In Cr.) | 24.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 28, 2024 |
Company & Financials
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 use in transformers, UPSs and inverters 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 meters. The company also has its laboratory for testing raw materials and finished products, as well as its 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 utilized 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.
Jay Bee Laminations Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 13,091.32 | 10,897.58 | 9,514.73 | |||||||||||||||||||||||||||||||||||||
| Revenue | 30,349.56 | 24,748.86 | 14,167.39 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,935.27 | 1,360 | 571.63 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 6,281.44 | 4,346.17 | 2,986.17 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 4,481.68 | 4,046.21 | 2,686.21 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,416.15 | 3,143.25 | 2,693.08 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.42% |
| ROCE | 39.23% |
| Debt/Equity | 0.38 |
| RoNW | 30.81% |
| P/BV | 4.18 |
| PAT Margin (%) | 6.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.75 | 8.58 |
| P/E (x) | 13.58 | 17.03 |
Objectives of Jay Bee Laminations IPO
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objectives:
- 1. Funding our working capital requirements.
- 2. General Corporate Expenses.
Jay Bee Laminations IPO Review
The company is operating in a highly competitive and fragmented segment. It marked growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears relatively fully priced. Well-informed investors may park moderate funds for the medium term.
FAQs for Jay Bee Laminations IPO
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What is Jay Bee Laminations IPO?
Jay Bee Laminations IPO is an NSE SME IPO. They are going to raise ₹88.96 Crores via IPO. The issue is priced at ₹138 to ₹146 per equity share. The IPO is to be listed on NSE.
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When will Jay Bee Laminations IPO open?
The IPO is to open on August 27, 2024, for QIB, NII, and Retail Investors.
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What is Jay Bee Laminations IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Jay Bee Laminations IPO Size?
Jay Bee Laminations IPO size is ₹88.96 crores.
-
What is Jay Bee Laminations IPO Price Band?
Jay Bee Laminations IPO Price Band is ₹138 to ₹146 per equity share.
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What is Jay Bee Laminations IPO Minimum and Maximum Lot Size?
The IPO bid is 1000 shares with ₹146,000.
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What is Jay Bee Laminations IPO Allotment Date?
Jay Bee Laminations IPO allotment date is August 30, 2024.
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What is Jay Bee Laminations IPO Listing Date?
Jay Bee Laminations IPO listing date is September 3, 2024. The IPO to list on NSE SME.
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What is the current GMP of the Jay Bee Laminations?
The current GMP of Jay Bee Laminations is 140.0 (96%).
RHP:
RHP of Jay Bee Laminations Limited IPO.
DRHP:
DRHP of Jay Bee Laminations Limited IPO.
-
What is Jay Bee Laminations IPO?
Jay Bee Laminations IPO is an NSE SME IPO. They are going to raise ₹88.96 Crores via IPO. The issue is priced at ₹138 to ₹146 per equity share. The IPO is to be listed on NSE.
-
When will Jay Bee Laminations IPO open?
The IPO is to open on August 27, 2024, for QIB, NII, and Retail Investors.
-
What is Jay Bee Laminations IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Jay Bee Laminations IPO Size?
Jay Bee Laminations IPO size is ₹88.96 crores.
-
What is Jay Bee Laminations IPO Price Band?
Jay Bee Laminations IPO Price Band is ₹138 to ₹146 per equity share.
-
What is Jay Bee Laminations IPO Minimum and Maximum Lot Size?
The IPO bid is 1000 shares with ₹146,000.
-
What is Jay Bee Laminations IPO Allotment Date?
Jay Bee Laminations IPO allotment date is August 30, 2024.
-
What is Jay Bee Laminations IPO Listing Date?
Jay Bee Laminations IPO listing date is September 3, 2024. The IPO to list on NSE SME.
-
What is the current GMP of the Jay Bee Laminations?
The current GMP of Jay Bee Laminations is 140.0 (96%).
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