Jay Bee Laminations Limited IPO Details
| 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 | 1,000 Shares |
| Total Issue Size | 60,93,000 shares (aggregating up to ₹ 88.96 Cr) |
| Fresh Issue | 45,70,000 shares (aggregating up to ₹ 66.72 Cr) |
| Offer for Sale | 15,23,000 shares of ₹10 (aggregating up to ₹ 22.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,79,97,600 |
| Shareholding post issue | 2,25,67,600 |
| Market Maker portion | 3,05,000 shares Shreni Shares |
About Jay Bee Laminations Limited IPO
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.
• 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
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 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.
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.
Jay Bee Laminations Limited IPO Financial Information
Latest Revenue
₹ 30,349.56 Cr
Profit After Tax
₹ 1,935.27 Cr
Net Worth
₹ 6,281.44 Cr
Total Borrowing
₹ 2,416.15 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Mar 2024 | 13,091.32 | 30,349.56 | 1,935.27 | 6,281.44 | 2,416.15 |
| 31 Mar 2023 | 10,897.58 | 24,748.86 | 1,360 | 4,346.17 | 3,143.25 |
| 31 Mar 2022 | 9,514.73 | 14,167.39 | 571.63 | 2,986.17 | 2,693.08 |
| Amount in ₹ Crore | |||||
IPO Estimated Listing Return
Based on the IPO Price of ₹146 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹140 and a lot size of 1000 shares.
Jay Bee Laminations Limited IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-02 | ₹146 | ₹140.0 (96%) | - |
Jay Bee Laminations Limited 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 |
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Competitive Strengths
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Jay Bee Laminations Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹ 1,46,000 |
| Retail (Max) | 1 | 1,000 | ₹ 1,46,000 |
| HNI (Min) | 2 | 2,000 | ₹ 2,92,000 |