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

August 25, 2022 - August 30, 2022

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.

JFL Life Sciences IPO Details

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 Size2,978,000 shares
(aggregating up to ₹18.17 Cr)
Fresh Issue2,978,000 shares
(aggregating up to ₹18.17 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion150,000 shares

JFL Life Sciences IPO Reservation

JFL Life Sciences IPO a total of 2,978,000 shares are offered. RII: 1,414,000 (47.48%), NII: 1,414,000 (47.48%).

Anchor Investor Shares Offered-
Market Maker Shares Offered150,000 (5.04%)
Other Shares Offered1,414,000 (47.48%)
Retail Shares Offered1,414,000 (47.48%)
Total Shares Offered2,978,000 (100%)

JFL Life Sciences IPO Timeline (Tentative Schedule)

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

JFL Life Sciences IPO Lot Size

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

JFL Life Sciences IPO Promoter Holding

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

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

About JFL Life Sciences Limited

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

Key Performance Indicator

JFL Life Sciences IPO Market Cap is Rs 67.09 Cr and P/E (x) is 26.52.

KPI Values
P/E (x)26.52
Market Cap (₹ Cr.)67.09

Objects of the Issue (JFL Life Sciences IPO Objectives)

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 Review (May apply)

[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...

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 Details

Listing Date September 8, 2022
BSE Script Code
Final Issue Price ₹61 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

JFL Life Sciences IPO Contact Details

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/

JFL Life Sciences IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: jfl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

JFL Life Sciences IPO - Buy or Not

JFL Life Sciences IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 2 0 1

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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 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

  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 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.

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



173. Takamichi |   Link |Sep 27, 2022 12:13:59 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Tomorrow will buy 2 lots .....
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
173.1. Jonsnow |   Link |Sep 30, 2022 11:06:10 PM (200+ Posts)
Did u buy jfl?
173.2. Takamichi |   Link |Sep 30, 2022 11:14:48 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Yes I have two.....one ipo and other at 48
172. Imhilli |   Link |Sep 30, 2022 8:03:12 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
It seems that the stock is consolidating now and can shoot up once the second quarter result comes.
171. Doctoripo |   Link |Sep 30, 2022 9:46:18 AM
I am selling my holding Everyday making new lows
171.3. ओम |   Link |Sep 30, 2022 4:31:17 PM
Sorry 44.30
171.4. IpoRetailer |   Link |Sep 30, 2022 6:49:56 PM (200+ Posts)
@Doctoripo, Thanks, you give us the opportunity to add more at such levels. ;)
Btw if you want to see good returns, have some patience.
170. Jonsnow |   Link |Sep 28, 2022 7:47:03 AM (200+ Posts)
Can fresh entry be taken in this stock? Please advise.
170.1. IpoRetailer |   Link |Sep 29, 2022 11:05:47 AM (200+ Posts)
I think it is a very good time to take entry, I have personally added 2 lots + 1 lot in IPO. I feel it will go up anytime soon...will give great returns in 3-6 months time (* subject to market sentiments).
170.2. PKRAJ |   Link |Sep 29, 2022 11:28:12 AM
IPO Guru IPO Guru (1400+ Posts, 900+ Likes)
"Aur bhi share hai market mai investment ke liye".
Unless you are sure or ample fund to block with a condition of loss/profits.
I am not at all in favor of this share. Purchase in lot and sell in lot only.
Decision is only yours. Think twice
169. MehulStk |   Link |Sep 28, 2022 6:35:11 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Is there a any connection between JFL Life Sciences & Shyam Life Science Pvt Ltd ?
Both one claiming same address of production Unit as
Plot No 406/407, Bavla Kerala Gidc, Bavla, Ahmedabad - 382220
168. NaveenM |   Link |Sep 28, 2022 12:05:17 PM (200+ Posts)
The price has been falling since listing. From the listing price of Rs.70, today the price is Rs.44. About 38% fall.

There is no logical reason for this fall. It's the operator's play to accumulate the shares. The market cap is around Rs.50 Crore and the operators can easily control the price movement.

The fundamentals of the company are good. Enter only if you are having long term view on the company.
167. Imhilli |   Link |Sep 26, 2022 8:18:04 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
It has become very difficult to take fresh position now with the way the price is falling. Even with the good fundamentals, it is free falling. This is the problem with the SME stocks.
166. GauravJ |   Link |Sep 22, 2022 11:51:04 AM
I feel trapped
165. IpoOnlyForme |   Link |Sep 19, 2022 1:43:31 PM
Bought 2 lots at 51...let's hope for the best
165.2. Takamichi |   Link |Sep 22, 2022 2:08:42 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Avoid comparing rhetan with jfl.....rhetan is a hollow box and is totally operator play ....see it's bulk deal......there r few player who dumped it and then purchased it back to create a sense of demand.... And jfl has lot more credible financials..... You wipp never see operator making too much efforts in good companies....they play with those having limited demand and dubious financial not to raise much eye brows
165.3. GauravJ |   Link |Sep 22, 2022 11:46:09 AM
Even me, lets see when it shoots up
164. GauravJ |   Link |Sep 22, 2022 11:45:35 AM
What is the operator trying to do? Will the price ever come up??
163. Kundan Mishra |   Link |Sep 19, 2022 11:34:32 AM
Bought 1 JFL @ 51
163.1. AAARI |   Link |Sep 19, 2022 12:26:19 PM
Despite continuous lower circuit no meaning in buying this stock
162. Kapil Mehra |   Link |Sep 15, 2022 3:41:44 PM (200+ Posts)
Dear Members, your valuable opinion on JFl what seems from here still holding ipo allotment
162.1. Imhilli |   Link |Sep 15, 2022 9:48:17 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
This is fundamentally strong but unfortunately didn't see enthusiasm from HNI. Listed high but going down due to momentum sentiment. Tried for a swing back but failed to do so.... might be due to too many fresh investment options available in IPOs. I feel that this negative movement is temporary... might be at worst for one or two days more... should swing back and settle atleast near the listing price. So guys, if you are already invested, have some more patience. It's a good by around 50 range.
161. Kapil Mehra |   Link |Sep 14, 2022 6:01:38 PM (200+ Posts)
Can any body tell.after how many days in sme ipo 5 % circuit is changed
161.8. Imhilli |   Link |Sep 21, 2022 7:54:39 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
I asked Lokes in the Containe page and responded that he is going to hold it for long term. He is confident that it will soon reach the listing price.
161.9. MehulStk |   Link |Sep 22, 2022 6:28:33 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Imhilli Thanks for the update, Yes I don't see much option other than holding hope it will come up with good result to show some resistance.
160. gamblepatel |   Link |Sep 12, 2022 11:01:33 AM
parso jfl ka circuti khul jaayega. fir yeh bhav dekhna kaha se kaha jaata hai. operator retaler ko dara rahe hai. dont sell. infact buy karo
160.2. Priyanka Meghwal |   Link |Sep 14, 2022 6:45:20 PM
Perfect Date ke saath sab ko bataya tha ki aaj circuit khul jaayega. 12th I said 14th ko circuit khul jaayega
160.3. Priyanka Meghwal |   Link |Sep 14, 2022 6:48:04 PM
@ gamble Patel What a great prediction. So precise
159. Ankit IPO Investor |   Link |Sep 14, 2022 10:38:40 AM
Hit the UC now
158. Wishal |   Link |Sep 14, 2022 10:25:05 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Sold 1 lot @ 54.20
Total loss 13600 around 11 %

157. lokes |   Link |Sep 13, 2022 3:01:42 PM
IPO Guru IPO Guru (4100+ Posts, 4800+ Likes)
it has gone terribly wrong....other than good listing, things not working in favour here.....its still in strong LC, no idea why still orders are placed to sell at LC price and no new buying coming(may be retail people dont want to take risk for new buying until LC opens and money is also needed in other ipos)....there was good bulk buying in preopen....
157.5. MehulStk |   Link |Sep 14, 2022 1:12:55 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Bhav yes it will be good buy, Naturo opened the circuit
157.6. NaveenM |   Link |Sep 14, 2022 10:22:21 AM (200+ Posts)
It's only the selling pressure from the retail investors due to shortage of funds for other IPOs that are in the pipeline. Let us wait and see. No need to panic.
156. Kapil Mehra |   Link |Sep 13, 2022 10:33:53 PM (200+ Posts)
The most supportive factor in favor of this share is first day buying of around 5Lac 40 thousand shares which account for 17% of the ipo that too at 15% premium. Hopefully this will recover or even cross 70 levels. SME shares rebound and surprise postively especially in good cos. Patience is the key to success.
155. IPOmentorbombay |   Link |Sep 13, 2022 6:39:04 PM
Sleep below IPO price may reach below ₹50 be careful retailer trapped
155.1. Takamichi |   Link |Sep 13, 2022 10:09:34 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Seems like u only post negative comments.... It's ok to post before listing ....after that nobody wants any negativity.....let the market do what it does.....no commentary needed
Seems like u r not invested in the company so u can keep ur words to urself ....
154. Deps |   Link |Sep 12, 2022 7:01:40 PM
Kindly suggest best broker for SME IPOs....selling done after allotment.....my broker Angel is not allowed me to sell with mobile app....call to Mumbai for sell.....please suggest best broker...so I will open new demat. Thanks
154.1. i For IPO ☑️ |   Link |Sep 12, 2022 7:15:35 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
I Use Zerodha It Best You Sell In Pre Open also
Upstox Is also Good