The Rs 88.96 crore Jay Bee Laminations IPO is a book-built offering. The issue consists of an offer to sell 15.23 lakh shares, valued at Rs 22.24 crores, and a new issuance of 45.7 lakh shares, valued at Rs 66.72 crores. The subscription period for Jay Bee Laminations IPO begins on August 27, 2024, and ends on August 29, 2024. On Friday, August 30, 2024, the allotment regarding the Jay Bee Laminations IPO is anticipated to be completed. The tentative listing date for the Jay Bee Laminations IPO is Tuesday, September 3, 2024, and it will take place on the NSE SME.
Jay Bee Laminations IPO Details
| IPO Date | August 27, 2024 to August 29, 2024 |
| Face Value | ₹10 per Share |
| Price Band | ₹138 to ₹146 per Share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,093,000 Shares (totalling upto ₹88.96 Cr) |
| Fresh Issue | 4,570,000 Shares (totalling upto ₹66.72 Cr) |
| Offer For Sale | 1,523,000 Shares of ₹10 (totalling upto ₹22.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing at | NSE SME |
The price range for Jay Bee Laminations’ IPO is ₹138 to ₹146 for each share. An application must have a minimum lot size of 1000 shares. Retail investors are required to invest a minimum of ₹146,000. HNI requires a minimum lot size contribution of two lots, or 2,000 shares, for a total of ₹292,000. The registrar for the Jay Bee Laminations IPO is Bigshare Services Pvt Ltd, and the book running lead manager is Swaraj Shares & Securities Private Limited. Shreni Shares is the market maker for the IPO of Jay Bee Laminations.
About Jay Bee Laminations Limited
Since its founding in 1988, Jay Bee Laminations Ltd. has been a supplier of cold-rolled non-grain-oriented (CRNGO) and grain-oriented (CRGO) silicon steel cores. The company produces and provides a variety of goods for the power industry, such as electrical laminations, slotted coils, and assembled cores in cold rolled silicon steel that is grain-oriented and cold rolled non-grain-oriented steel that is used in transformers, UPSs, and inverters. The company’s 10,878 square meter production facilities are outfitted with all of its own specialized machinery for electrical steel core cutting, slitting, assembly, and testing (CRGO and CRNGO).
Along with a dedicated tooling department for blade sharpening, the company also maintains a laboratory for testing both finished goods and raw materials. With regard to serving clients who produce transformers of around 220 kV class, the existing facilities are adequately outfitted. By December 31, 2023, the business had also utilized 84% of the installed capacity. Customers of Jay Bee Laminations include companies that make power and distribution transformers, as well as transformers with voltages between 11 and 220 kV. 277 individuals were employed by the company as of 31st March 2024.
