Jainam Ferro Alloys Limited IPO Detail
Jainam Ferro Alloys (I) Limited has been engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese (FeMn) and Silico manganese (SiMn), largely used in the Steel industry. The company also generates revenue from its trading activities of manganese ore, used as a raw material in the manufacturing of Ferro alloys.
The company derives the majority of its revenue from Ferro Manganese. The company has its registered office and manufacturing facility at Raipur, Chattisgarh.
Competitive Strengths
- Adherence to ISO quality standards.
- Experienced employees with technical expertise.
- Ideal geographical location for easy access to laborers and raw material suppliers.
- Focus on a long-term relationship with customers.
- Strong experienced management.
Company Promoters
Mr. Archit Parakh and Mr. Aditya Parakh are the company promoters.IPO Details
| IPO Opening Date | Sep 28, 2021 |
| IPO Closing Date | Sep 30, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹19.61 Cr |
| Fresh Issue | ₹9.11 Cr |
| Offer for Sale | ₹10.50 Cr |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.0x | - | - | 1.01x | 1.27x | 1.14x |
| Day 2 | 0.0x | - | - | 1.90x | 3.27x | 2.58x |
IPO Tentative Timetable
The Jainam Ferro Alloys Limited IPO open date is Sep 28, 2021, and the close date is Sep 30, 2021. The issue may list on Oct 08, 2021.
| IPO Open Date | Sep 28, 2021 |
| IPO Close Date | Sep 30, 2021 |
| Basis of Allotment Date | Oct 05, 2021 |
| Initiation of Refunds | Oct 06, 2021 |
| Credit of Shares to Demat Account | Oct 07, 2021 |
| IPO Listing Date | Oct 08, 2021 |
IPO Lot Size
The Jainam Ferro Alloys Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 52.418 | 102.517 | 3.117 |
| 31-Mar-20 | 39.194 | 122.336 | 0.864 |
| 31-Mar-19 | 40.228 | 132.397 | 2.885 |
Objects of the Issue:
- To meet Working Capital requirements.
- General Corporate Purpose.
- Offer Expenses.
