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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 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

Jainam Ferro Alloys IPO Date Sep 28, 2021 to Sep 30, 2021
Jainam Ferro Alloys IPO Face Value ₹10 per share
Jainam Ferro Alloys IPO Price ₹70 per share
Jainam Ferro Alloys IPO Lot Size 2000 Shares
Issue Size2,802,000 shares of ₹10
(aggregating up to ₹19.61 Cr)
Fresh Issue1,302,000 shares of ₹10
(aggregating up to ₹9.11 Cr)
Offer for Sale1,500,000 shares of ₹10
(aggregating up to ₹10.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

Mr. Archit Parakh and Mr. Aditya Parakh are the company promoters.

Jainam Ferro Alloys IPO Timeline (Tentative Timetable)

Jainam Ferro Alloys IPO opens on Sep 28, 2021, and closes on Sep 30, 2021. The Jainam Ferro Alloys IPO bid date is from Sep 28, 2021 10.00 A.M. to Sep 30, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Jainam Ferro Alloys IPO Opening Date Sep 28, 2021
Jainam Ferro Alloys IPO Closing Date Sep 30, 2021
Basis of Allotment Oct 5, 2021
Initiation of Refunds Oct 6, 2021
Credit of Shares to Demat Oct 7, 2021
Jainam Ferro Alloys IPO Listing Date Oct 8, 2021

Jainam Ferro Alloys IPO Lot Size

The Jainam Ferro Alloys IPO 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
Retail (Min) 1 2000 ₹140,000
Retail (Max) 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 Review

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...


Jainam Ferro Alloys IPO Subscription Status (Bidding Detail)

The Jainam Ferro Alloys IPO is subscribed 6.65 times on Sep 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)

CategorySubscription (times)
NII6.23
Retail7.07
Total6.65

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 share
Face Value ₹10 per 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 Review

Jainam Ferro Alloys IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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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 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 .

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.
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Jainam Ferro Alloys IPO Message Board

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103 Comments

17. ADIBIN |   Link |Oct 22, 2021 7:59:33 AM
It looks like can go any time up, because of its financial reports still looks attractive. I''m not looking to sell it soon.
17.1. sundeep sharma |   Link |Oct 22, 2021 9:56:33 AM

Ab ye chalne ke liye kis muhrat ka intjar kar raha hai, pata nahi kya planning chal rahi hai. for last many day 70 se badne ka naam hi nahi le raha. par ye baat bhi achi hai girne bhi nahi de raha. jainam walo ke achhe din kab ayenge.
16. lokes |   Link |Oct 20, 2021 9:45:16 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
all volumes traded today are at 70 rs price....today''s high , low, prev. close, open...all price is same today as 70 rs.....strange :)
15. lokes |   Link |Oct 18, 2021 2:37:32 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
trading at 52 week low now...both markolines and jainam not performing in last 2-3 trading days
15.1. sundeep sharma |   Link |Oct 18, 2021 4:42:06 PM
I guess today also someone buys in bulk. I guess from tommarow onwards it will do good. today shri venketershwara also give uc of 44.90. let hope it will also perform well.
15.2. lokes |   Link |Oct 18, 2021 7:05:40 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
there is no bulk deal data available for jainam today...traded volumes are also less
14. Unknwon |   Link |Oct 18, 2021 1:50:11 PM
at issue price now...

this counter really traded unexpectedly...good LM, decent subscription, good company...still not moving
13. GSMR |   Link |Oct 14, 2021 10:37:46 PM
Another bulk deal in this stock today. Promoters of another Raipur based company - Shree Vasu Logistics are acquiring shares of Jainam.

Shree Vasu Logistics has more than doubled in 3 years.

Hoping to see decent returns in Jainam too in future.
13.1. sundeep sharma |   Link |Oct 15, 2021 11:58:33 AM
this is really good news. i am also very positive about this ipo.
13.2. lokes |   Link |Oct 16, 2021 1:02:03 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
@GSMR: I have looked into charts of Shree Vasu Logistics and found that initially in around one year from listing, it became more than three times even, from 40 to 130 then went down, i mean initially gave more better returns.
Anyways i am into jainam with short term view only, i will sell it on around 8-10% returns whenever it comes.
12. sundeep sharma |   Link |Oct 14, 2021 10:24:33 AM
@ GSMR and lokesh ji, thanx so much for valuable and detailed opinion. i got 1 lot @ 71. hope this will do good now.
12.1. lokes |   Link |Oct 14, 2021 12:45:04 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
Lets hope it will do good....today it is moving around 71 only....not sure how much patience will be tested here before some good upmove.
12.2. GSMR |   Link |Oct 14, 2021 1:10:41 PM
We need to wait for 2 weeks at least, I believe. Untill and unless the guys who have purchased in block deals post listing, there is no need to worry
11. sundeep sharma |   Link |Oct 13, 2021 7:29:40 PM
dear experts, pl.. advise ki kya jainam ferro achha return de saktha hai. though it is still on rs 72. do you advise to enter in this ipo in range of 72-73.. muje lagta hai ki kafi acha return dega, but jab devda sir ka message dekhta hu ki pl. avoid. to ruk jaata hun. pl. give yout expert comment, thanx in advance,
11.1. GSMR |   Link |Oct 13, 2021 8:50:04 PM
Jainam as a company displays strong financials, the company''s profit has been the highest in Mar 21 when compared to the past 3 years, inspite of having a drop in revenue owing to pandemic induced complications. This shows that their margins have improved.

Further the stock has some good block deals going on post listing, which is again reassuring. Especially the LM Hem Securities has acquired 86000 shares post listing. If we look at Hem''s portfolio you will find most their picks performing good except a few (to be exact just one of their holdings have performed poorly - Atishay)

Now coming to Davda Sir''s analysis, so if you look at his review for DU-DIGITAL, it was to AVOID, but we all know how that share performed. So, anyone''s review cannot be taken as the only parameter for investing.

If like me you feel that the company''s financials and block deals suggest good future for the stock, you can go ahead with it. If you can get it at around 70, I think it will be a good BUY.
11.2. lokes |   Link |Oct 14, 2021 1:07:26 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
@sudeep: yes , as explained by gsmr, company is having good financials , had some bulk deals and will show good growth in future, so I think you can buy it around 71-72 , some patience is needed for some weeks or 1-2 months, it should give good returns, same like other good company markolines started performing well now after around two weeks of listing....
10. lokes |   Link |Oct 7, 2021 1:17:22 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
Tomorrow is listing probably.
Hopefully it should list in positive....subscription 6.6 times for around 20 cr sme ipo was good and company performance is good and also secondary market conditions are favorable....
10.20. lokes |   Link |Oct 11, 2021 11:53:50 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
@MRavi: thanks...lets see....
i am just little bit afraid due to big lot size so these can proved to be risky also.
both my allotted sme ipos are not performing well, jainam and markolines :)
on other side, getalong and venkatesh performed better where i didnt applied.
lets hope bombay metrics will change the trend.
10.21. lokes |   Link |Oct 11, 2021 11:59:26 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
@dinesh...good.... taking profit is always better in avergae sme ipo''s to save our profit and minimise risk...
holding is better only in some of great names like BEW/Prevest etc
9. BLR |   Link |Oct 8, 2021 9:14:03 AM
My friends are started placing sell orders @ 60 against issue price of 70 . operators are happy now . Lokes is always pointing this concern but we are not understanding .
9.2. lokes |   Link |Oct 8, 2021 10:35:27 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
@dinesh: range in preopen is lower/upper circuit, here it was 35 and 140....and for order to get executed, its not necessary to put at certain price....its all about what orders we are placing , from that only listing price is calculated in equilibrium....
but i know since people who want to sell at any listing price keeps order well below and who wants to buy at any listing price keeps bid price well above ...both to buy/sell shares at listing price for sure....
9.3. MRavichandran |   Link |Oct 8, 2021 11:23:11 AM
IPO Guru IPO Guru (1500+ Posts, 2100+ Likes)
@lokes, good explanation, which makes sense now, those who give sell order at very low in preopen and vice versa for the buyers.

Thanks
8. JAI MATA DI |   Link |Oct 7, 2021 10:23:51 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
GMP RS 5/- PER SHARE BUYER. (10000).
7. G J |   Link |Oct 6, 2021 5:36:42 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Allotment result is now live on BigShare.
https://ipo.bigshareonline.com/IPO_Status.html
7.4. lokes |   Link |Oct 6, 2021 9:06:11 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
Now it''s visible anyways...not that time when I replied first, i checked in all three servers then......
And many times it happens anyways that sometimes they upload and we are able to see and again in sometime we are not able to see ...you might have heard/noticed in mainboard IPOs....
7.5. G J |   Link |Oct 6, 2021 9:24:41 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
@lokes,

Yes, I understand your concern. I was just clarifying that it is not on the top, (someone might miss if it is not on the top), that''s why.

Yes, I observed the same sometimes. It may be because of caching.
One can try resolving it by every time doing hard-refresh (CTRL+SHIFT+R).

Thanks.
6. Dinesh Singh |   Link |Oct 5, 2021 7:32:23 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Any one got the debit message?
Allotment supposed to out today.
6.18. G J |   Link |Oct 6, 2021 2:43:39 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
@lokes,
I also applied from 2 different retail accounts,
1 UPI mandate failed while authorization
1 was succeeded, not allotted

Congrats to all allotted, best of luck for good listing.
6.19. BLR |   Link |Oct 6, 2021 4:29:20 PM
Zero allotment . Applied two lot in retail catagory . Congrats to all the allottees
5. Dinesh Singh |   Link |Oct 5, 2021 12:14:26 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Allotment will be after 6 PM.
4. MRavichandran |   Link |Sep 30, 2021 1:07:23 PM
IPO Guru IPO Guru (1500+ Posts, 2100+ Likes)
@lokes @Noorul,
seems less participation both retail and HNI. lets see by 02:30 pm and take a call. its a gamble, still i want try with 2-3 lots in HNI for the time being.

Thanks
4.21. G J |   Link |Sep 30, 2021 7:49:00 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
@Dinesh,
Checked NSE SME site, you are right about QIB applying, but it is very low.

Yes, out of 100%, bifurcation as follows,
02.10 % QIB
44.76 % NII
53.14 % RII
4.22. MRavichandran |   Link |Sep 30, 2021 9:32:35 PM
IPO Guru IPO Guru (1500+ Posts, 2100+ Likes)
@Dharmendar Sharma,
I am not an analyst or expert in IPO''s or SME IPO''s. I just go with my instincts or seeing the subscription figures or information''s based on forum discussion.

Please join the discussion in ''Shri venkatesh'' SME IPO page for more info on upcoming SME IPO''s.

Thanks
3. Dinesh Singh |   Link |Sep 30, 2021 12:24:43 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
The HNI portion is not moving as Denpro.
Seems risky now.
May behave Markoline or Quadpro way.
Only gambler''s may apply.
3.1. Spock 🖖 |   Link |Oct 1, 2021 7:45:09 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
DU Digital also QIB (Including FIIs) had applied but they had listed DU in -ve to filter out weak hands.
So listing game is always in their hands whether they want to give or not.
3.2. Spock 🖖 |   Link |Oct 1, 2021 7:46:21 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
Bid Details for DUDIGITAL as on 17-Aug-2021 17:30:04 IST

Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      6,26,000
1(a)      Foreign Institutional Investors(FIIs)      2,56,000
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)       0
1(c)      Mutual funds      0
1(d)      Others      3,70,000
2. Vipul M Shah |   Link |Sep 28, 2021 10:28:01 AM
Top Contributor Top Contributor (200+ Posts)
@ Chalak Lomdi any subject to Rate in this SME?
2.1. lomdi |   Link |Sep 29, 2021 11:48:08 PM
No mota bhai...
1. LockDownInvestor |   Link |Sep 26, 2021 9:03:30 PM
Another one from Hem Securities, dear members what''s your opinion about it?
1.3. LockDownInvestor |   Link |Sep 27, 2021 8:15:46 PM
@DJInvestor India, can you please explain what "subject to" actually means? I tried to Google, but couldn''t get a proper explanation.
1.4. LockDownInvestor |   Link |Sep 27, 2021 8:19:07 PM
@Small Investor,
yes, seems like I will take some risk and apply for 2 reasons:
1) LM Hem
2) Dilip sir says to avoid. :P