September 3, 2024
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Jay Bee Laminations listing Review
On 3rd September 2024, the scrip is listed at Rs. 277.40, listing cap of 90%
Jay Bee Laminations IPO allotment Link
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Subscription status of Jay Bee Laminations IPO
Jay Bee Laminations IPO (Closed)Price Rs. 146 Lot 1000 shares, Rs. 88.96 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 72.35 | 230.10 | 87.88 | 113.95 | 1,81565 (87.88x) |
| Amount wise bids recd. Rs. 10136.99 Crore | ||||
| Note: | ||||
What is the business of Jay Bee Laminations?
Established in 1988, Jay Bee Laminations Limited is a leading manufacturer of electrical laminations, slit coils, and assembled cores. Our products are made from Cold Rolled Grain Oriented (CRGO) Silicon steel and Cold-Rolled Non-Grain Oriented (CRNGO) Steel. These materials are essential for applications in transformers, UPS systems, and inverters within the power industry.
Its state-of-the-art manufacturing facilities span 10,878 square meters and include comprehensive in-house capabilities for slitting, cutting, assembling, and testing electrical steel cores. It also maintains a dedicated laboratory for raw material and finished product testing, as well as an in-house tooling division for blade sharpening. This robust setup ensures that our CRGO and CRNGO electrical steel cores meet stringent quality standards, particularly for power and distribution transformers.
As of March 31, 2024, it has utilized 83% of its installed capacity. Its primary focus is supplying CRGO electrical steel cores to transformer manufacturers. These materials require precise handling and processing due to their sensitivity to physical stresses, which is critical for ensuring transformer safety and performance.
All transformer core-related materials—whether imported, purchased, or sold in India—must meet the standards set by the Bureau of Indian Standards (BIS). Its diverse clientele includes manufacturers of transformers ranging from 11 kV to 220 kV. The quality of these transformers heavily depends on the raw materials used, with CRGO steel cores representing 25-30% of the total cost depending on the transformer size. Moreover, the core’s role in minimizing transmission and distribution (T&D) losses underscores its importance in effective power distribution.
The company operates two advanced manufacturing facilities, equipped to meet the evolving needs of the power industry.
Get more information about the company @ http://www.jaybeelaminations.co.in/
Jay Bee Laminations IPO Details |
|
| IPO opens on | 27 August 2024 |
| IPO closes on | 29 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6093000 Shares / Rs 88.96 Crore |
| * Fresh Issue | 4570000 Shares / Rs 66.72 Crore |
| * Offer for Sale – | 1523000 Shares/ Rs. 22.24 Crore |
| Market Maker Portion | 305000 Shares |
| Net offer to Public | 5788000 Shares/ Rs.84.50 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.138-146 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2894000 | 42.25 |
| NII (15%) | 868200 | 12.68 |
| RII (35%) | 2025800 | 29.57 |
| Total Shares | 5788000 | 84.50 |
| Retail portion will be oversubscribed by | 2026 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.146000 |
| Min HNI Application | 2000 Shares | Rs.292000 |
Who are the Promoters of Jay Bee Laminations IPO?
The Promoters of the company are Mr. Munish Kumar Aggarwal, Mr. Mudit Aggarwal, and Mrs. Sunita Aggarwal.
What are the Objects of Jay Bee Laminations IPO?
The Offer comprises of fresh issue of shares and offer for sale
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Funding our working capital requirements; and
- General Corporate Expenses.
Tentative timetable |
|
| IPO opens on | 27 August 2024 |
| IPO Closes on | 29 August 2024 |
| IPO Allotment on | 30 August 2024 |
| Refund Initiation | 02 September 2024 |
| Credit of Shares | 02 September 2024 |
| Listing on | 03 September 2024 |
| Registered Office of the Company Jay Bee Laminations Limited 26/36, Upper Ground Floor, East Patel Nagar New Delhi Patel Nagar East, Central Delhi, New Delhi -110008 |
| Who is the Lead Manager of this IPO? Swaraj shares and securities Pvt Ltd |
|
Who is the Registrar to IPO? |
Jay Bee Laminations IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Jay Bee Laminations IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 141.67 | 5.72 | 3.18 | 19.14 |
| 2022-23 | 247.49 | 13.60 | 7.56 | 31.29 |
| 2023-24 | 303.50 | 19.35 | 10.75 | 30.81 |
| Book Value of the Share on 31.03.2024 |
Rs | 34.90 | ||
| BV of the Share at cap price after IPO |
Rs. | ? | ||
| Offer Price/upper band | Rs. | 146 | ||
IPO
|
|
| Price/EPS of 23-24 | 13.58 |
| Price/BV Ratio | 4.18 |
| Price/BV after IPO | – |
How Jay Bee Laminations IPO compares with the Peers?
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Jay Bee Laminations | 10 | 303 | 13.58 |
| Vilas Transcore | 10 | 310 | 36.19 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Jay Bee Laminations IPO Review
Jay Bee Laminations Limited is a leading manufacturer of electrical laminations, slit coils, and assembled cores. Our products are made from Cold Rolled Grain Oriented (CRGO) Silicon steel and Cold-Rolled Non-Grain Oriented (CRNGO) Steel. These materials are essential for applications in transformers, UPS systems, and inverters within the power industry.
Size: Net size of the IPO is Rs.88.96 crore, comprising of 6093000 shares. The size of the IPO is somewhat large and yet due to strong fundamentals, huge oversubscription is possible.
Financial Snapshot: The company has strong topline and bottomline during last 3 years. Based on the published figures, the shares are offered at reasonable valuation and there is good scope for listing gains.
+ from fundamental angle: Apply
+ from grey market angle: ?
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Jay Bee Laminations IPO FAQs
What is Jay Bee Laminations IPO?
This is a SME IPO of 6093000 equity shares of the face value of Rs. 10 aggregating up to Rs.88.96 Crores. The issue is priced at Rs.138-146 per share. The minimum order quantity is 1000 Shares.
When will Jay Bee Laminations IPO subscription open?
Jay Bee Laminations IPO opens on August 27, 2024, and closes on August 29, 2024.
What is the lot size of Jay Bee Laminations IPO?
Jay Bee Laminations IPO lot size is 1000 Shares, and the minimum amount required is Rs.146000
How to apply for Jay Bee Laminations IPO?
You can apply in Jay Bee Laminations IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Jay Bee Laminations IPO allotment?
The finalization of Basis of Allotment for Jay Bee Laminations IPO will be done on August 30, 2024, and the allotted shares will be credited to your demat account by September 02, 2024.
When is Jay Bee Laminations IPO listing date?
Jay Bee Laminations IPO listing date is September 3, 2024.
