Jay Bee Laminations is scheduled to hit the market on August 27, 2024 and close on August 29, 2024. Jay Bee Laminations plans to raise around ₹88.96 Cr through an IPO with a sale of up to 6,093,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Jay Bee Laminations Ltd, established in 1988, specializes in the supply of Cold Rolled Grain Oriented Silicon Steel (CRGO) and Cold-Rolled Non-Grain-Oriented (CRNGO) Steel Cores. The company manufactures a variety of products, including electrical laminations, slotted coils, and assembled cores, primarily for use in transformers, UPS systems, and inverters within the power industry. Its production facilities, covering 10,878 square meters, are outfitted with advanced proprietary equipment for cutting, slitting, assembling, and testing these electrical steel cores. Additionally, the company operates its own laboratory for testing both raw materials and finished products, along with a tooling department for blade sharpening. As of December 31, 2023, Jay Bee Laminations has utilized 84% of its installed capacity.
With a customer base that includes manufacturers of transformers ranging from 11 kV to 220 kV, Jay Bee Laminations serves both power and distribution transformer sectors. As of March 31, 2024, the company employs a total of 277 people, reflecting its commitment to supporting the growing needs of the electrical engineering market.
Jay Bee Laminations IPO Details
Jay Bee Laminations IPO opens on August 27, 2024, and closes on August 29, 2024. The Listing date for Jay Bee Laminations IPO is on September 3, 2024. The price band for IPO is ₹138 to ₹146 per share and lot size of 1000 Shares.
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | September 3, 2024 |
| Price | ₹138 to ₹146 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹88.96 Cr |
| Face Value | ₹10 per share |
Jay Bee Laminations IPO Tentative Timetable
Jay Bee Laminations opening date is August 27, 2024 and close date is August 29, 2024. The IPO allotment date is August 30, 2024. Therefund initiation of IPO is on September 2, 2024. The credit of shares in demat account is on September 2, 2024. The listing date is on September 3, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 27, 2024 |
| IPO Closing | August 29, 2024 |
| IPO Allotment Date | August 30, 2024 |
| Refund Initiation | September 2, 2024 |
| Shares Credit to Demat | September 2, 2024 |
| Lisiting Date | September 3, 2024 |
Jay Bee Laminations IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹146,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹146,000 |
| Retail(Maximum) | 1 | 1000 | ₹146,000 |
| HNI (Minimum) | 2 | 2000 | ₹292,000 |
Jay Bee Laminations IPO Promoter Holding
| Pre Issue Share Holding | 97.00% |
| Post Issue Share Holding |
Jay Bee Laminations IPO Review
Jay Bee Laminations Ltd. (JBLL) is an important company that makes and supplies Cold Rolled Grain Oriented (CRGO) and Cold-Rolled Non-Grain-Oriented (CRNGO) steel cores. These cores are vital parts of transformers used in the power industry. Founded in 1988, JBLL has grown by focusing on producing high-quality electrical laminations, slit coils, and assembled cores. These products help transformers work better by reducing energy losses during electricity transmission and distribution. JBLL has modern manufacturing facilities with advanced equipment for slitting, cutting, and testing, which helps them meet strict quality standards for high-voltage transformers. The company has 310 employees and is committed to maintaining high quality, ensuring that its products meet the Bureau of Indian Standards (BIS) specifications.
Financially, JBLL has shown strong growth in revenue and profit over the last three years. Total income increased from ₹141.67 crore in FY22 to ₹303.50 crore in FY24, while net profits rose from ₹5.95 crore to ₹19.35 crore during the same time. This growth shows that JBLL can effectively expand its operations in a competitive market. However, the company faces intense competition, which could affect future growth. The IPO aims to raise ₹88.96 crore and is priced at a P/E of 17.02 based on FY24 earnings, indicating that the offering is fully priced. The money raised will mainly be used to improve working capital, helping the company maintain its growth and support general business needs. Potential investors should be aware that the financial situation and valuations suggest limited chances for significant price increases soon.
Given the tough competition in the industry and the fully priced nature of the IPO, JBLL's offering may attract informed investors looking for moderate returns over the medium term. The company has a history of growth and profit, but the pricing of the IPO and competition challenges suggest that big gains might not happen right away. For those willing to take moderate risks and looking for medium-term investments, JBLL’s IPO could provide a stable opportunity, especially considering its established market position and the important role its products play in the power sector. However, investors should be cautious about the fully priced nature of the issue and how market competition might affect future earnings.
Jay Bee Laminations IPO Subscription Status (Bidding Details)
Table not foundJay Bee Laminations IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Jay Bee Laminations IPO FAQs
What is Jay Bee Laminations IPO?
Jay Bee Laminations is issuing 6,093,000 equity shares with a face value of ₹10 each, totaling up to ₹88.96 Cr. The shares are being offered at a price of ₹138 to ₹146 each, with a minimum order quantity of 1000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Jay Bee Laminations IPO will open?
Jay Bee Laminations will open on August 27, 2024 for QIB, NII, and Retail Investors.
When Jay Bee Laminations IPO will end?
Jay Bee Laminations will end on August 29, 2024.
What is Jay Bee Laminations IPO Size?
Jay Bee Laminations IPO size is ₹88.96 Cr.
What is Jay Bee Laminations IPO Price Band?
Jay Bee Laminations price band is ₹138 to ₹146 per share.
What is the Jay Bee Laminations IPO Allotment Date?
Jay Bee Laminations allotment date is August 30, 2024.
What is the Jay Bee Laminations IPO Listing Date?
Jay Bee Laminations listing date is September 3, 2024. The IPO is to be listed on BSE and NSE.
How to Jay Bee Laminations IPO through Zerodha?
To apply for the IPO “Jay Bee Laminations” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Jay Bee Laminations IPO through Upstox?
To apply for the IPO “Jay Bee Laminations” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Jay Bee Laminations IPO Allotment Status?
For Jay Bee Laminations IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Jay Bee Laminations IPO GMP?
You can check out here: Jay Bee Laminations IPO GMP. Check all IPO GMP here.