Jainam Ferro Alloys (I) Limited IPO
NSE SMEListed On: Oct 8, 2021 at ₹ 73
₹ 280000
/4000 Shares
*Min Investment
28 Sep, 2021
Open Date30 Sep, 2021
Close Date05 Oct, 2021
Allotment Date08 Oct, 2021
Listing DateIPO Issue Details
- Issue Price ₹70 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 2,802,000 Eq Shares of ₹10(aggregating up to ₹19.61 Cr)
- Listing at NSE SME
- List Price 73
- Listing Date 2021-10-08
- Lead Manager Hem Securities Limited
- Registrar Bigshare Services Pvt Ltd
IPO Details
- Retail Portion N/A
IPO Documents
IPO Details
Jainam Ferro Alloys (I) Limited IPO is an SME IPO, priced at ₹70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Sep 28, 2021 to Sep 30, 2021. The allotment is expected to be finalized on Oct 5, 2021, and the tentative listing date is Oct 8, 2021.
The registrar of the IPO is Bigshare Services Pvt Ltd, and
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IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 13,26,000 | 13,26,000 | 26,52,000 |
|
Day 1
28-09-21 06:00 PM
|
1.01 x | 1.27 x | 1.14 x |
|
Day 2
29-09-21 06:00 PM
|
1.90 x | 3.27 x | 2.58 x |
|
Day 3
30-09-21 06:00 PM
|
6.23 x | 7.07 x | 6.65 x |
Valuations
Company Financials
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|
| Assets | 52.41 | 39.19 | 40.22 |
| Revenue | 102.51 | 122.33 | 132.39 |
| Profit After Tax | 3.11 | 0.86 | 2.88 |
About Company
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.
- Promoter(s)
Mr. Archit Parakh
Mr. Aditya Parakh
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.47%
IPO - Issue Objectives
To meet Working Capital requirements.
General Corporate Purpose.
Offer Expenses.
IPO - FAQs
Ans. Jainam Ferro Alloys (I) Limited IPO is a SME IPO. The issue is priced at ₹70 per equity 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.
Ans. The Jainam Ferro Alloys (I) Limited IPO opens on Sep 28, 2021 and closes on Sep 30, 2021.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Jainam Ferro Alloys (I) Limited IPO is 2,802,000 Eq Shares of ₹10(aggregating up to ₹19.61 Cr).
Ans. The Jainam Ferro Alloys (I) Limited IPO price band is set between ₹70 per equity share.
Ans. To apply for Jainam Ferro Alloys (I) Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Jainam Ferro Alloys (I) Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Jainam Ferro Alloys (I) Limited IPO is Oct 5, 2021.
Ans. The Jainam Ferro Alloys (I) Limited IPO will be listed on Oct 8, 2021.
Ans. Follow the steps to check the Jainam Ferro Alloys (I) Limited IPO allotment status online.
