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 |
Key Performance Indicator
The market capitalization of Jay Bee Laminations IPO is Rs 329.49 Cr.
KPI as of March 31, 2024.
Jay Bee Laminations IPO Promoter Holding
The Promoters of the company are Mr. Munish Kumar Aggarwal, Mr. Mudit Aggarwal, and Mrs. Sunita Aggarwal.
| KPI | Values |
| ROE | 36.42% |
| ROCE | 39.23% |
| RoNW | 30.81% |
| PAT Margin (%) | 6.39 |
| P/BV | 4.18 |
| Share Holding Pre-Issue | 97.00% |
| Share Holding Post Issue |
