IPO Details
Bidding Dates
27 Aug '24 - 29 Aug '24
Minimum Investment
₹146,000 / 1 Lot (1,000 Shares)
Price Range
₹138 - ₹146
Maximum Investment
₹146,000 / 1 Lot (1,000 Shares)
Retail Discount
To be announced
Issue Size
₹88.96 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Aug 27, 2024
Closing Date
Aug 29, 2024
Basis of Allotment
Aug 30, 2024
Initiation of Refunds
Sep 2, 2024
Listing Date
Sep 3, 2024
About Jay Bee Laminations IPO
Jay Bee Laminations Limited, established in 1988, specialises in the supply of Cold-Rolled Grain-Oriented (CRGO) and Cold-Rolled Non-Grain-Oriented (CRNGO) Silicon Steel Cores. The company offers a wide range of products, including electrical laminations, slotted coils, and assembled cores made from CRGO and CRNGO steel. These products are primarily used in transformers, UPS systems, and inverters within the power industry.
Jay Bee Laminations operates state-of-the-art production facilities spread over 10,878 square meters, equipped with proprietary equipment for cutting, slitting, assembling, and testing CRGO and CRNGO electrical steel cores. The company also maintains an in-house laboratory for rigorous testing of raw materials and finished products and a dedicated tooling department for blade sharpening.
These advanced facilities enable Jay Bee Laminations to efficiently cater to customers manufacturing transformers up to the 220 kV class. The company has a diverse customer base, including manufacturers of power and distribution transformers ranging from 11 kV to 220 kV. As of December 31, 2023, Jay Bee Laminations had utilised 84% of its installed production capacity, reflecting strong operational efficiency.
As of March 31, 2024, the company employed 277 people, underscoring its commitment to maintaining a skilled workforce to support its operations.
Industry Outlook:
- India's electricity demand is projected to reach 334.8 GW by 2029-30, requiring an additional 777.1 GW of generation capacity, with 292.7 GW from solar.
- DISCOMs face significant financial challenges, with a deficit of ₹5,166 billion as of March 2021, exacerbated by poorly targeted subsidies.
Jay Bee Laminations IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding the Working capital requirements of the Company;
- General corporate purposes.
Peer Details
The only listed company Jay Bee Laminations considers as its peers is Vilas Transcore Limited.
How to Check the Allotment Status of the Jay Bee Laminations IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Jay Bee Laminations IPO
- Registered office: 26/36, Upper Ground Floor, East Patel Nagar New Delhi Patel Nagar East, Central Delhi, New Delhi -110008, Delhi, India
- Phone: +91-9870403729
- E-mail: investor@jaybeelaminations.co.in
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 30,290.97 | 24,666.47 | 14,125.12 |
| Profit After Tax (PAT) (in ₹ lakh) | 1,935.27 | 1,360.00 | 595.17 |
| Current Ratio (x) | 1.85 | 1.70 | 1.44 |
| Net Worth (in ₹ lakh) | 6,281.44 | 4,346.17 | 2,986.17 |
| Total Debt (in ₹ lakh) | 2,416.15 | 3,143.25 | 2,693.08 |
| Return on Equity (%) | 36.42% | 37.10% | 21.76% |
| Return on Capital Employed (RoCE) (%) | 39.23% | 34.55% | 21.10% |
| Earnings Per Share (in ₹) | 10.75 | 7.56 | 3.18 |
Know before investing
Strengths
6-
Established brand with targeted sales and marketing initiatives.
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Strong financial growth with ₹30,290.97 Lakhs revenue in FY2024.
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Experienced promoters with over 30 years in CRGO steel.
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Long-standing client relationships with 57.27% revenue from top 10 clients.
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ISO 9001:2015 certified, robust quality assurance systems implemented.
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Low rejection rates, maintaining under 0.72% sales returns in FY2023.
Risks
6-
Net loss in FY2021 of ₹198.37 Lakhs due to COVID-19.
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Potential increased expenses post-listing, impacting profitability and cash flow.
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No long-term agreements with customers or raw material suppliers.
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Operating risks from equipment malfunctions affecting production continuity.
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Dependency on key customers with 57.27% revenue from the top 10.
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Challenges in sustaining revenue growth amidst rising operational costs.
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Jay Bee Laminations IPO FAQs
Jay Bee Laminations IPO is a book-built IPO. The IPO will be open from August 27, 2024, to August 29, 2024.
The Basis of Allotment will happen on Friday, August 30, 2024.
The IPO subscription window will open on August 27, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.
The listing date for Jay Bee Laminations is Tuesday, September 3, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the ‘IPO’ section on the platform.
- Select IPO: Find and select the Jay BEE Lamination IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Jay Bee Lamination’s financial statements, download the IPO’s RHP document.
