Jay Bee Laminations Limited IPO

NiftyTrader • August 23, 2024

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Jay Bee Laminations Limited IPO

Jay Bee Laminations Limited IPO opens on August 27, 2024, and closes on August 29, 2024. The allotment for the Jay Bee Laminations Limited IPO is anticipated to be completed on Friday, August 30, 2024. The IPO will be tentatively listed on the SME and NSE on Tuesday, September 3, 2024.

The Jay Bee Laminations Limited IPO’s price band is Rs 138 to Rs 146 per share. The IPO is a book-built issue of Rs 88.96 crores, an entirely new issue of 45.7 lakh shares.

Jay Bee Laminations IPO Details

IPO Date	August 27, 2024 to August 29, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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

Jay Bee Laminations IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹146,000
Retail (Max)	1	1000	₹146,000
S-HNI (Min)	2	1200	₹292,000

Jay Bee Laminations IPO Objectives

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

General Corporate Purpose
Funding our working capital requirements; and

About Jay Bee Laminations Limited

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 meters. 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 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.

As of March 31, 2024, the company employed a total of 277 people.

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

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 Timeline

Jay Bee Laminations IPO opens on August 27, 2024, and closes on August 29, 2024.

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
A 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