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Jainam Ferro Alloys IPO is a fixed price issue of Rs 19.61 crores. The issue is a combination of fresh issue of 13.02 lakh shares aggregating to Rs 9.11 crores and offer for sale of 15 lakh shares aggregating to Rs 10.50 crores.
Jainam Ferro Alloys IPO bidding started from September 28, 2021 and ended on September 30, 2021. The allotment for Jainam Ferro Alloys IPO was finalized on Tuesday, October 5, 2021. The shares got listed on NSE SME on October 8, 2021.
Jainam Ferro Alloys IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
Hem Securities Limited is the book running lead manager of the Jainam Ferro Alloys IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Jainam Ferro Alloys IPO RHP for detailed information.
| IPO Date | September 28, 2021 to September 30, 2021 |
| Listing Date | October 8, 2021 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,802,000 shares (aggregating up to ₹19.61 Cr) |
| Fresh Issue | 1,302,000 shares (aggregating up to ₹9.11 Cr) |
| Offer for Sale | 1,500,000 shares of ₹10 (aggregating up to ₹10.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 150,000 shares |
Jainam Ferro Alloys IPO offers 2,802,000 shares. 1,326,000 (47.32%) to NII, 1,326,000 (47.32%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 150,000 (5.35%) |
| Other Shares Offered | 1,326,000 (47.32%) |
| Retail Shares Offered | 1,326,000 (47.32%) |
| Total Shares Offered | 2,802,000 (100%) |
Jainam Ferro Alloys IPO opens on September 28, 2021, and closes on September 30, 2021.
| IPO Open Date | Tuesday, September 28, 2021 |
| IPO Close Date | Thursday, September 30, 2021 |
| Basis of Allotment | Tuesday, October 5, 2021 |
| Initiation of Refunds | Wednesday, October 6, 2021 |
| Credit of Shares to Demat | Thursday, October 7, 2021 |
| Listing Date | Friday, October 8, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2021 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| Lot Size Calculator | |||
Mr. Archit Parakh and Mr. Aditya Parakh are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.47% |
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
| 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 | ||
[Dilip Davda] The company has shown inconsistency in bottom lines with declining top lines. Based on super profits of FY21 the issue is aggressively priced. Though the sector is fancied by investors, higher pricing of the IPO makes this issue a costly bet. There is no harm in ignoring this costly bet. Read detail review...
The Jainam Ferro Alloys IPO is subscribed 6.65 times on September 30, 2021 5:00:00 PM. The public issue subscribed 7.07 times in the retail category, times in the QIB category, and 6.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 6.23 |
| Retail | 7.07 |
| Total | 6.65 |
| Listing Date | October 8, 2021 |
| BSE Script Code | |
| NSE Symbol | JAINAM |
| ISIN | INE02KC01010 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹70.00 |
| ₹73.00 |
| ₹73.00 |
| ₹76.65 |
| ₹73.10 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 share. The minimum order quantity is 2000 Shares.
The IPO opens on September 28, 2021, and closes on September 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
Visit Zerodha IPO Application Process Review for more detail.
The Jainam Ferro Alloys IPO opens on September 28, 2021 and closes on September 30, 2021.
Jainam Ferro Alloys IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jainam Ferro Alloys IPO will be done on Tuesday, October 5, 2021, and the allotted shares will be credited to your demat account by Thursday, October 7, 2021. Check the Jainam Ferro Alloys IPO allotment status.
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