Jay Bee Laminations Ltd. logo

Jay Bee Lamination Ltd. was incorporated on March 22, 1988. The company manufactures and supplies a range of products, including electrical laminations, slit coils, and assembled cores made from Cold Rolled Grain Oriented Silicon steel and Cold-Rolled Non-Grain Oriented Steel. These products are used in transformers, UPS systems, and inverters within the power industry.

Bidding Dates
27 Aug 2024 - 29 Aug 2024
Subscription
110.29x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹138,0001110002.0 M₹138 - ₹14686.34 %₹273.2 M - ₹289.1 MRHP DOC

Jay Bee Laminations Ltd. IPO SUBSCRIPTION STATUS

29 Aug '24
Total110.29x
Retail Individual Investor129.95x
HNI (NII) Investors306.63x
Qualified Institutional Buyers37.64x

Jay Bee Laminations Ltd. IPO overall subscription rate was 110.29 times the total available shares

Jay Bee Laminations Ltd. IPO retail subscription rate was 129.95 times in the retail segment

Jay Bee Laminations Ltd. IPO non-institutional investor subscription rate was 306.63 times in the non-institutional investor category

Jay Bee Laminations Ltd. IPO Qualified Institutional Bidder subscription rate was 37.64 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
29 Aug 2024
(Day 4)
129.95x306.63x37.64x
28 Aug 2024
(Day 3)
42.41x21.48x0x
27 Aug 2024
(Day 2)
10.68x4.14x0x

Jay Bee Laminations Ltd. FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
FY24 193.5 3029.1 157.7 119.3 10.8%
FY23 136.0 2466.6 50.9 36.7 9.5%
FY22 59.5 1412.5 79.8 74.3 8.7%

Jay Bee Laminations Ltd. IPO SUBSCRIPTION STATUS DETAILS

Jay Bee Laminations Ltd. had 2.0 M shares on offer

Jay Bee Laminations Ltd. IPO offer price was in the range ₹138 - ₹146

Jay Bee Laminations Ltd. IPO minimum Investment was ₹138000

Jay Bee Laminations Ltd. IPO issue size was ₹ 273.2 M - ₹ 289.1 M

Jay Bee Laminations Ltd. had a minimum lot size of 1000 Shares per application

Jay Bee Laminations Ltd. NUMBER OF SHARES ON OFFER

Total2.0 M
Fresh Issue457.0 K
Offer for Sale1.5 M
Post Issue Promoter Holding %86.34 %

Jay Bee Laminations Ltd. IPO IMPORTANT DATES

Issue Open Date27 Aug 2024
Issue close Date29 Aug 2024
Allotment Date30 Aug 2024
Refund Date02 Sep 2024
Demat Account Credit Date02 Sep 2024
Listing Date03 Sep 2024
Listing on Exchange(s)NSE
Jay Bee Laminations Ltd. Allotment StatusExchange

Jay Bee Laminations Ltd. IPO subscription opened on 27 Aug 2024, and closed on 29 Aug 2024

IPO allotment for Jay Bee Laminations Ltd. was finalized on Friday, 30 Aug 2024

IPO listing for Jay Bee Laminations Ltd. was on NSE on Tuesday, 03 Sep 2024

Jay Bee Laminations Ltd. IPO LISTING GAINS

Issue Price (adjusted)146.0
Listing Open Price277.4
Listing Close Price291.3
Listing Gain%90.0%
Current Gain%-34.0%

Jay Bee Laminations Ltd. Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Jay Bee Laminations Ltd.96.3177.711.9-0.30.3115.4549.749.218.3-28.18.1-41.2
Bharat Heavy Electricals Ltd.413.4143931.159.20.146.12.134589.820.11600.3199.77739.4
ABB India Ltd.6660.5141141.647.210.421.312.213555.18.11668.3-10.9141
Hitachi Energy India Ltd.30735136993.3119.10.91519.18.28387.630.2987.8157.3258.1127.7
CG Power and Industrial Solutions Ltd.858135183.1108.14.410.515.19.512662.225.71206.323.87.924.7
Siemens Ltd.3710132120.740.31.27.219.912.925598.610.52751.61.39233.7

Jay Bee Laminations Ltd. INFORMATION ON IPO ISSUE

About Jay Bee Laminations Ltd.

Jay Bee Lamination Ltd. was incorporated on March 22, 1988. The company manufactures and supplies a range of products, including electrical laminations, slit coils, and assembled cores made from Cold Rolled Grain Oriented Silicon steel and Cold-Rolled Non-Grain Oriented Steel. These products are used in transformers, UPS systems, and inverters within the power industry.

Object of the Issue

  • Funding working capital requirements
  • General corporate expenses

Jay Bee Laminations Ltd. - PROMOTERS

Name
Munish Kumar Aggarwal
Mudit Aggarwal
Sunita Aggarwal

Jay Bee Laminations Ltd. Lead Manager of the Issue

Swaraj Shares and Securities Private Limited

ipo@swarajshares.com

Jay Bee Laminations Ltd. Registrar to the issue

Bigshare Services Private Limited

ipo@bigshareonline.com

Jay Bee Laminations Ltd. Strengths

Client relationships

The company offers services based on a customer-goal approach, with solutions aimed at consistently deliver efficiency and accuracy while meeting performance indicators. This approach has helped customers achieve their objectives, resulting in higher customer retention and the development of strong customer relationships

Strength

Low Rejection Rates

The company prioritizes quality control and safety measures during the distribution of its CRGO and CNRGO steel cores. As a result of these efforts, it has achieved a remarkably low rejection rate among its customers

Strength

Jay Bee Laminations Ltd. Risks

Rely on third-party Transporters

The company relies on various forms of transportation to receive raw materials for manufacturing and to deliver products to clients, including for some export sales. It typically depends on third-party transportation and logistics providers for these purposes

Risk

Geographically concentrated

The company operates two manufacturing facilities, located in Noida and Greater Noida. Any slowdown or disruption in operations at either facility could have a significant and negative impact on business operations and financial performance

Risk

Import Restrictions

The company imports CRGO and CRNGO steel from China, Poland, the USA, UAE, Japan, Germany, and the Czech Republic to manufacture its electrical steel products. Import regulations are governed by specific laws that allow authorities to halt imports if the products are deemed to pose a risk of major accidents or similar adverse incidents

Risk

IPO FAQs

  • This IPO consists of an offer for sale of up to Rs 22.2 crore, of 1,523,000 shares. It also consists of a fresh issue of Rs 6.7 crore.
  • The promoters of the company are Munish Kumar Aggarwal, Mudit Aggarwal and Sunita Aggarwal.
  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
  • The price band of the IPO is Rs 138.0 - 146.0.
  • The IPO application opens on Aug 27, 2024 and closes on Aug 29, 2024.
  • The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
  • For all category investors, the minimum application amount for this IPO is Rs. 138,000.0, the maximum value for this IPO is Rs 146,000.0.
  • This IPO will be allotted on Aug 30, 2024.
  • The refund will be credited to your account on Sep 02, 2024.
  • The allotted shares will be credited to your demat on Sep 02, 2024.
  • Jay Bee Laminations Ltd.’s shares listed on the stock exchanges on Sep 03, 2024.