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Jainam Ferro Alloys (I) Limited IPO (Jainam Ferro Alloys IPO) Detail

Sep 28, 2021 - Sep 30, 2021

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.

Company Financials:

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 524.18 391.94 402.28
Total Revenue 1025.17 1223.36 1323.97
Profit After Tax 31.17 8.64 28.85

Objects of the Issue:

  • To meet Working Capital requirements.
  • General Corporate Purpose.
  • Offer Expenses.

Jainam Ferro Alloys 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 Size2,802,000 Eq Shares of ₹10
(aggregating up to ₹19.61 Cr)
Fresh Issue1,302,000 Eq Shares of ₹10
(aggregating up to ₹9.11 Cr)
Offer for Sale1,500,000 Eq Shares of ₹10
(aggregating up to ₹10.50 Cr)

Jainam Ferro Alloys IPO Tentative Timetable

The Jainam Ferro Alloys IPO open date is Sep 28, 2021, and the close date is Sep 30, 2021. The issue may list on Oct 8, 2021.

IPO Open Date Sep 28, 2021
IPO Close Date Sep 30, 2021
Basis of Allotment Date Oct 5, 2021
Initiation of Refunds Oct 6, 2021
Credit of Shares to Demat Account Oct 7, 2021
IPO Listing Date Oct 8, 2021

Jainam Ferro Alloys IPO Lot Size

The Jainam Ferro Alloys IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 2000 ₹140,000
Maximum 1 2000 ₹140,000

Jainam Ferro Alloys IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.47%

Jainam Ferro Alloys IPO Subscription Status (Bidding Detail)

The Jainam Ferro Alloys IPO is subscribed 6.65 times on Sep 30, 2021 17:00. The public issue subscribed 7.07 in the retail category, in the QIB category, and 6.23 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII

6.23

RII

7.07

Total

6.65

Jainam Ferro Alloys IPO Prospectus

Jainam Ferro Alloys IPO Rating

111
3.7
Rating:Rated 3.7 stars
Vote Here ...

Jainam Ferro Alloys IPO Listing Date

Listing Date Friday, October 8, 2021
BSE Script Code
NSE Symbol JAINAM
Listing In ST Group of Securities
ISIN INE02KC01010
IPO Price ₹70 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹70.00
Open: ₹73.00
Low: ₹73.00
High: ₹76.65
Last Trade: ₹73.10

Company Contact Information

Jainam Ferro Alloys (I) Limited
Plot No. 103 to 113 & 130 to 136/A & 137,
Urla Industrial Area, Raipur,
Chhattisgarh - 492003, India
Phone: 771 4700109
Email: cs@jainamferro.com
Website: http://www.jainamferro.com/

Jainam Ferro Alloys IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Jainam Ferro Alloys IPO Reviews / Ratings

Jainam Ferro Alloys IPO Lead Manager(s)

Jainam Ferro Alloys IPO FAQs

Jainam Ferro Alloys IPO is a SME IPO of 2,802,000 equity shares of the face value of ₹10 aggregating up to ₹19.61 Crores. The issue is priced at ₹70 per equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Sep 28, 2021, and closes on Sep 30, 2021.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Jainam Ferro Alloys IPO using UPI as a payment gateway. Zerodha customers can apply in Jainam Ferro Alloys IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Jainam Ferro Alloys IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Jainam Ferro Alloys IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Jainam Ferro Alloys IPO opens on Sep 28, 2021 and closes on Sep 30, 2021.

Jainam Ferro Alloys IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

You can apply in Jainam Ferro Alloys 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Jainam Ferro Alloys IPO will be done on Oct 5, 2021, and the allotted shares will be credited to your demat account by Oct 7, 2021. Check the Jainam Ferro Alloys IPO allotment status.

The Jainam Ferro Alloys IPO listing date is on Friday, October 8, 2021.

Jainam Ferro Alloys IPO Message Board

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