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JFL Life Sciences IPO is a fixed price issue of Rs 18.17 crores. The issue is entirely a fresh issue of 29.78 lakh shares.
JFL Life Sciences IPO bidding started from August 25, 2022 and ended on August 30, 2022. The allotment for JFL Life Sciences IPO was finalized on Monday, September 5, 2022. The shares got listed on NSE SME on September 8, 2022.
JFL Life Sciences IPO price is ₹61 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹122,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹244,000.
GYR Capital Advisors Private Limited is the book running lead manager of the JFL Life Sciences IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to JFL Life Sciences IPO RHP for detailed information.
| IPO Date | August 25, 2022 to August 30, 2022 |
| Listing Date | September 8, 2022 |
| Face Value | ₹10 per share |
| Price | ₹61 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,978,000 shares (aggregating up to ₹18.17 Cr) |
| Fresh Issue | 2,978,000 shares (aggregating up to ₹18.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 150,000 shares |
JFL Life Sciences IPO offers 2,978,000 shares. 1,414,000 (47.48%) to NII, 1,414,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 150,000 (5.04%) |
| Other Shares Offered | 1,414,000 (47.48%) |
| Retail Shares Offered | 1,414,000 (47.48%) |
| Total Shares Offered | 2,978,000 (100%) |
JFL Life Sciences IPO opens on August 25, 2022, and closes on August 30, 2022.
| IPO Open Date | Thursday, August 25, 2022 |
| IPO Close Date | Tuesday, August 30, 2022 |
| Basis of Allotment | Monday, September 5, 2022 |
| Initiation of Refunds | Tuesday, September 6, 2022 |
| Credit of Shares to Demat | Wednesday, September 7, 2022 |
| Listing Date | Thursday, September 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 30, 2022 |
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 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |
| Lot Size Calculator | |||
Smiral Ashwinkumar Patel and Tejal Smiral Patel are the company promoters.
| Share Holding Pre Issue | 92.52% |
| Share Holding Post Issue | 67.47% |
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 :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Aug-19 | 1614.96 | 3177.96 | 30.25 | 501.49 | 459.2 |
| 31-Mar-20 | 2432.59 | 3020.41 | 36.04 | 537.53 | 495.24 |
| 31-Mar-21 | 2900.69 | 3286.89 | 54.21 | 687.25 | 637.55 |
| 28-Feb-22 | 3662.86 | 2563.06 | 253.28 | 1096.52 | 294.48 |
| Amount in ₹ Lakhs | |||||
The market capitalization of JFL Life Sciences IPO is Rs 67.09 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 26.52 |
The Company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following objects:
[Dilip Davda] 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...
The JFL Life Sciences IPO is subscribed 8.93 times on August 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)
| Category | Subscription (times) |
|---|---|
| Other | 6.19 |
| Retail | 11.66 |
| Total | 8.93 |
| Listing Date | September 8, 2022 |
| BSE Script Code | |
| NSE Symbol | JFLLIFE |
| ISIN | INE0LA901015 |
| Final Issue Price | ₹61 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹61.00 |
| ₹70.00 |
| ₹66.50 |
| ₹70.00 |
| ₹66.50 |
JFL Life Sciences Limited
309, Satyam Mall,
Opp. Saman Complex, Nr. Vishweshwar Mahadev Mandir
Settelite, Ahmedabad 380015
Phone: 937729 5575
Email: cs@jfllifesciences.com
Website: http://www.jfllifesciences.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jfl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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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 August 25, 2022, and closes on August 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
Visit Zerodha IPO Application Process Review for more detail.
The JFL Life Sciences IPO opens on August 25, 2022 and closes on August 30, 2022.
JFL Life Sciences IPO lot size is 2000 Shares, and the minimum amount required is ₹122,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for JFL Life Sciences IPO will be done on Monday, September 5, 2022, and the allotted shares will be credited to your demat account by Wednesday, September 7, 2022. Check the JFL Life Sciences IPO allotment status.
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Last time during the fall i didn't had much money left as i was already invested and in deep red....this time will take the punt ...
Not gonna buy all that i want in one day but one or two lots daily.....
The fresh ones are up on my list.....
May go for either 1 lot sabar or 2 lot jfl tommor.....
Vivian and vitrouso are also good to be purchased if it shows some movement tomorrow.....
Mega and ameya can also be seen and the. Ola tech is comsolidating around 75 for some days ....if it stays there for 2 more days then it can be purchases too.... The LC in most of them is just for the time .... Reap it till it's red