JFL Life Sciences Limited IPO (JFL Life Sciences IPO) Detail

Aug 25, 2022 - Aug 30, 2022

Incorporated in 2010, JFL Life Sciences Limited is engaged in the business of manufacturing of pharmaceutical products. The company's product portfolio consists of Dry powder injections (B-Lactam), Tablets & Capsules (B-Lactam) solid oral dosage form and Tablet and capsules (general) Solid Oral Dosage Form and Oral rehydration solutions (ORS).

The company's sales strategy is to sell the products in bulk to pharmaceutical marketers and traders who in turn provide the channel for sales to customers. JFL Life Sciences Limited has a market presence in PAN India and JFL's products are supplied to 10 developed and developing countries throughout the World.

JFL Life Sciences Limited exports products to African, Middle Eastern, and CIS countries, mainly through merchant exporters. The company is registered with the MOH of Kenya, Nigeria, Yemen, Cambodia & Myanmar for manufacturing a particular product. Few of our products are also registered with Ukraine, Uzbekistan, and Kazakhstan (CIS countries) through merchants.

JFL has two manufacturing units (on lease) in Gujarat.

Competitive Strength :

  1. Product registration
  2. Experienced management and dedicated employee base
  3. Quality assurance
  4. Quality & Brand strength

Company Financials

JFL Life Sciences Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

Objects of the Issue

The Company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following objects:

  1. Repayment of secured and unsecured loans.
  2. Funding the working capital requirements of the company.
  3. General Corporate Purposes

JFL Life Sciences IPO Details

JFL Life Sciences IPO Date Aug 25, 2022 to Aug 30, 2022
JFL Life Sciences IPO Face Value ₹10 per share
JFL Life Sciences IPO Price ₹61 per share
JFL Life Sciences IPO Lot Size 2000 Shares
Issue Size2,978,000 shares of ₹10
(aggregating up to ₹18.17 Cr)
Fresh Issue2,978,000 shares of ₹10
(aggregating up to ₹18.17 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Smiral Ashwinkumar Patel and Tejal Smiral Patel are the company promoters.

JFL Life Sciences IPO Timeline (Tentative Timetable)

JFL Life Sciences IPO opens on Aug 25, 2022, and closes on Aug 30, 2022. The JFL Life Sciences IPO bid date is from Aug 25, 2022 10.00 A.M. to Aug 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
JFL Life Sciences IPO Opening Date Aug 25, 2022
JFL Life Sciences IPO Closing Date Aug 30, 2022
Basis of Allotment Sep 5, 2022
Initiation of Refunds Sep 6, 2022
Credit of Shares to Demat Sep 7, 2022
JFL Life Sciences IPO Listing Date Sep 8, 2022

JFL Life Sciences IPO Lot Size

The JFL Life Sciences IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹122,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹122,000
Retail (Max) 1 2000 ₹122,000

JFL Life Sciences IPO Promoter Holding

Pre Issue Share Holding 92.52%
Post Issue Share Holding 67.47%

JFL Life Sciences IPO Review

The company is in the pharma sector and has already created an extra facility for its product lines and has the necessary certifications in hand for global markets. Due to the pandemic and the thrust for expansion, it posted static top lines but managed to get higher margins for certain products. It is now ready with additional capacities to reap the benefits of demand. Considering fancy for pharma sector counters, investors may consider an investment with a medium to long-term perspective in this fully priced issue. Read detail review...

JFL Life Sciences IPO Subscription Status (Bidding Detail)

The JFL Life Sciences IPO is subscribed 8.93 times on Aug 30, 2022 5:00:00 PM. The public issue subscribed 11.66 times in the retail category, times in the QIB category, and 6.19 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

JFL Life Sciences IPO Prospectus

JFL Life Sciences IPO Rating

Rating:Rated 4.0 stars
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JFL Life Sciences IPO Listing Date

Listing Date Thursday, September 8, 2022
BSE Script Code
Listing In ST Group of Securities
IPO Price ₹61 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹61.00
Open: ₹70.00
Low: ₹66.50
High: ₹70.00
Last Trade: ₹66.50

Company Contact Information

JFL Life Sciences Limited
309, Satyam Mall,
Opp. Saman Complex, Nr. Vishweshwar Mahadev Mandir
Settelite, Ahmedabad 380015
Phone: 937729 5575

JFL Life Sciences IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000

JFL Life Sciences IPO Review

JFL Life Sciences IPO Recommendation Summary

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JFL Life Sciences IPO FAQs

JFL Life Sciences IPO is a SME IPO of 2,978,000 equity shares of the face value of ₹10 aggregating up to ₹18.17 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Aug 25, 2022, and closes on Aug 30, 2022.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

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

Steps to apply in JFL Life Sciences 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 'JFL Life Sciences 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 JFL Life Sciences IPO opens on Aug 25, 2022 and closes on Aug 30, 2022.

JFL Life Sciences IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in JFL Life Sciences 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 JFL Life Sciences IPO will be done on Sep 5, 2022, and the allotted shares will be credited to your demat account by Sep 7, 2022. Check the JFL Life Sciences IPO allotment status.

The JFL Life Sciences IPO listing date is on Thursday, September 8, 2022.
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