Jay Bee Laminations Limited (NSE SME)
Aug 27, 2024 - Aug 29, 2024
| Price | ₹138 - ₹146 |
| Premium | ₹157 |
|---|---|
| Lot size | 1000 |
| Allotment | Aug 30, 2024 |
| Listing | Sep 3, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 146000 | 2066 |
| HNI | 2 | 2000 | 292000 | 872 |
Last updated on 29-Aug-2024 19:09:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1140000 | 82479000 | 72.35 |
| NIB | 872000 | 201891000 | 231.53 |
| RETAIL | 2066000 | 206315000 | 99.86 |
| Total | 4078000 | 490685000 | 120.32 |
| Retail Apps | 206315 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹45.38 | @8% ₹51.86 | @9% ₹58.35 | @10% ₹64.83 | @11% ₹71.31 | @12% ₹77.79 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.91% | 2066000 |
| NII (HNI) | 14.31% | 872000 |
| Anchor | 28.06% | 1710000 |
| QIB | 18.71% | 1140000 |
| Market Maker | 5.01% | 305000 |
| Total | 100.00% | 6093000 |
Jay Bee Laminations IPO Details
| Issue Size | 6,093,000 shares (aggregating up to ₹88.96 Cr) |
| Fresh Issue | 4,570,000 shares (aggregating up to ₹66.72 Cr) |
| Offer for Sale | 1,523,000 shares of ₹10 (aggregating up to ₹22.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,997,600 |
| Share holding post issue | 22,567,530 |
| Market Maker portion | 305,000 shares Shreni Shares |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 36.42% | 37.10% | 21.76% |
| ROCE | 39.23% | 34.55% | 21.10% |
| RONW | 30.81% | 31.29% | 19.14% |
| D/E | 0.38 | 1.53 | 1.94 |
| EPS (basic) | 10.75 | 7.56 | 3.18 |
| P/E Pre IPO | 13.58 | ||
| P/E Post IPO | 17.03 |
Company Financials
Jay Bee Laminations Limited Financial Information (Restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 13,091.32 | 10,897.58 | 9,514.73 |
| Revenue | 30,349.56 | 24,748.86 | 14,167.39 |
| Profit After Tax | 1,935.27 | 1,360 | 571.63 |
| Net Worth | 6,281.44 | 4,346.17 | 2,986.17 |
| Reserves and Surplus | 4,481.68 | 4,046.21 | 2,686.21 |
| Total Borrowing | 2,416.15 | 3,143.25 | 2,693.08 |
| Amount in Lakhs | |||
About Company
Established in 1988, Jay Bee Laminations Ltd specializes in the supply of Cold Rolled Grain Oriented Silicon Steel (CRGO) Cores and Cold-Rolled Non-Grain-Oriented (CRNGO) Steel Cores. The company manufactures a diverse range of products, including electrical laminations, slotted coils, and assembled cores made from CRGO and CRNGO steel, catering to applications in transformers, UPS systems, and inverters within the power industry. Its production facilities, covering 10,878 square meters, are equipped with proprietary machinery for cutting, slitting, assembling, and testing electrical steel cores. Additionally, Jay Bee Laminations operates its own laboratory for testing raw materials and finished products, alongside a tooling department for blade sharpening. The facilities are designed to serve customers manufacturing transformers up to the 220 kV class, with the company utilizing 84% of its installed capacity as of December 31, 2023. The customer base includes manufacturers of power and distribution transformers ranging from 11 kV to 220 kV. As of March 31, 2024, the company employed a total of 277 people.
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Established Industry Track Record: Jay Bee Laminations Ltd has a longstanding presence in the industry since 1988, demonstrating reliability and expertise.
Strong Supplier Relationships: The Company benefits from long-term relationships with suppliers, ensuring consistent quality and supply of raw materials.
Robust Operational and Financial Performance: Jay Bee Laminations has demonstrated strong operational efficiency and financial stability, underpinning its continued success.
History of Net Losses: The Company has experienced net losses, particularly in Fiscal Year 2021, and faces the risk of increased future expenses, which could hinder its ability to achieve consistent profitability.
Operational Vulnerability: With only two manufacturing facilities in Noida and Greater Noida, any slowdown or disruption in these operations could significantly impact the company's business and financial performance.
Lack of Long-Term Customer Agreements: The absence of long-term contracts with customers exposes the company to the risk of losing business if customers decide to switch suppliers or produce the products in-house.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html