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Jay Bee Laminations IPO is a book built issue of Rs 88.96 crores. The issue is a combination of fresh issue of 45.7 lakh shares aggregating to Rs 66.72 crores and offer for sale of 15.23 lakh shares aggregating to Rs 22.24 crores.
Jay Bee Laminations IPO bidding started from August 27, 2024 and ended on August 29, 2024. The allotment for Jay Bee Laminations IPO was finalized on Friday, August 30, 2024. The shares got listed on NSE SME on September 3, 2024.
Jay Bee Laminations IPO price band is set at ₹138 to ₹146 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹146,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹292,000.
Swaraj shares and securities private limited is the book running lead manager of the Jay Bee Laminations IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Jay Bee Laminations IPO is Shreni Shares.
Refer to Jay Bee Laminations IPO RHP for detailed information.
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | September 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹138 to ₹146 per share |
| Lot Size | 1000 Shares |
| Total 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 | 22,567,600 |
| Market Maker portion | 305,000 shares Shreni Shares |
Jay Bee Laminations IPO offers 60,93,000 shares. 11,40,000 (18.71%) to QIB, 8,72,000 (14.31%) to NII, 20,66,000 (33.91%) to RII and 17,10,000 (28.06%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 17,10,000 (28.06%) |
| Market Maker Shares Offered | 3,05,000 (5.01%) |
| QIB Shares Offered | 11,40,000 (18.71%) |
| NII (HNI) Shares Offered | 8,72,000 (14.31%) |
| Retail Shares Offered | 20,66,000 (33.91%) |
| Total Shares Offered | 60,93,000 (100%) |
Jay Bee Laminations IPO raises Rs 24.97 crore from anchor investors. Jay Bee Laminations IPO Anchor bid date is August 26, 2024. Jay Bee Laminations IPO Anchor Investors list
| Bid Date | August 26, 2024 |
| Shares Offered | 1,710,000 |
| Anchor Portion Size (In Cr.) | 24.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 28, 2024 |
Jay Bee Laminations IPO opens on August 27, 2024, and closes on August 29, 2024.
| IPO Open Date | Tuesday, August 27, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Investors can bid for a minimum of 1000 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 | 1000 | ₹146,000 |
| Retail (Max) | 1 | 1000 | ₹146,000 |
| HNI (Min) | 2 | 2,000 | ₹292,000 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Munish Kumar Aggarwal, Mr. Mudit Aggarwal, and Mrs. Sunita Aggarwal.
| Share Holding Pre Issue | 97.00% |
| Share Holding Post Issue | 70.61% |
Jay Bee Laminations Ltd was established in 1988 and is active in the supply of Cold Rolled Grain Oriented Silicon Steel (CRGO) Cores and Cold-Rolled Non-Grain-Oriented (CRNGO) Steel Cores.
The company manufactures and supplies a range of products including electrical laminations, slotted coils and assembled cores in cold rolled grain oriented silicon steel and cold rolled non-grain oriented steel for applications in transformers, UPS and inverters for end use in the power industry.
The company’s production facilities are equipped with all proprietary equipment for cutting, slitting, assembling and testing CRGO and CRNGO electrical steel cores and cover a total area of 10,878 square metres. The company also has its own laboratory for testing raw materials and finished products, as well as its own tooling department for sharpening blades. The current facilities are well equipped to serve customers who manufacture transformers up to 220 kV class. In addition, the company has utilised 84% of its installed capacity as of December 31, 2023.
Jay Bee Laminations' customer base includes manufacturers producing transformers ranging from 11 kV to 220 kV, including power and distribution transformers.
As of March 31, 2024, the company employed a total of 277 people.
Jay Bee Laminations Limited's revenue increased by 23% and profit after tax (PAT) rose by 42% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||||||||
The market capitalization of Jay Bee Laminations IPO is Rs 329.49 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 36.42% |
| ROCE | 39.23% |
| Debt/Equity | 0.38 |
| RoNW | 30.81% |
| P/BV | 4.18 |
| PAT Margin (%) | 6.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.75 | 8.58 |
| P/E (x) | 13.58 | 17.03 |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears relatively fully priced. Well-informed investors may park moderate fund for medium term. Read detail review...
The Jay Bee Laminations IPO is subscribed 113.95 times on August 29, 2024 6:19:59 PM. The public issue subscribed 87.88 times in the retail category, 72.35 times in the QIB category, and 230.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 72.35 |
| NII | 230.10 |
| Retail | 87.88 |
| Total | 113.95 |
Total Application : 181,565 (87.88 times)
| Listing Date | September 3, 2024 |
| BSE Script Code | |
| NSE Symbol | JAYBEE |
| ISIN | INE0SMY01017 |
| Final Issue Price | ₹146 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹146.00 |
| ₹277.40 |
| ₹277.40 |
| ₹291.25 |
| ₹291.25 |
Jay Bee Laminations Limited
26/36, Upper Ground Floor,
East Patel Nagar New Delhi Patel Nagar East,
Central Delhi, New Delhi -110008
Phone: +91-9870403729
Email: investor@jaybeelaminations.co.in
Website: http://www.jaybeelaminations.co.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Jay Bee Laminations IPO is a SME IPO of 6,093,000 equity shares of the face value of ₹10 aggregating up to ₹88.96 Crores. The issue is priced at ₹138 to ₹146 per share. The minimum order quantity is 1000 Shares.
The IPO opens on August 27, 2024, and closes on August 29, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jay Bee Laminations IPO using UPI as a payment gateway. Zerodha customers can apply in Jay Bee Laminations IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jay Bee Laminations IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jay Bee Laminations IPO opens on August 27, 2024 and closes on August 29, 2024.
Jay Bee Laminations IPO lot size is 1000 Shares, and the minimum amount required is ₹146,000.
You can apply in Jay Bee Laminations 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 Jay Bee Laminations IPO will be done on Friday, August 30, 2024, and the allotted shares will be credited to your demat account by Monday, September 2, 2024. Check the Jay Bee Laminations IPO allotment status.
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RHP
IPO Guru (1100+ Posts, 900+ Likes)
Top Contributor (500+ Posts, 100+ Likes)
IPO Mentor (900+ Posts, 800+ Likes)
📌📌 ➡️ ➡️
▪️Jay Bee Laminations Ltd✅ was established in 1988, it manufactures and supplies a range of products including electrical laminations, slotted coils and assembled cores in cold rolled grain oriented silicon steel(CRGO) and cold rolled non-grain oriented steel(CRNGO) for applications in TRANSFORMERS✅, UPS and INVERTERS for end use in the POWER industry.
▪️📍CRGO steel core accounts for 25-30%✅ of the transformer's total cost depending on the size of the transformer.🔥
▪️The company’s production facilities are equipped with all proprietary equipment for cutting, slitting, assembling and testing CRGO and CRNGO electrical steel cores and cover a Total Area of 1,17,090 sq.ft🔥(They have 2 manufacturing units located in Noida (UP).
▪️Jay Bee Laminations' customer base includes manufacturers producing transformers ranging from 11 kV to 220 kV✅, including power and distribution transformers.🚀
📍Capacity utilisation: 84%✅
📌📌
▪️IPO price: Rs.146
▪️IPO size: 88.96Cr (excluding anchor size is:63.99Cr)
▪️CMP: Rs.330
▪️Market cap: 740 Cr
➡️P/E: 38✅ (▪️Vilas Transcore P/E is 47)
▪️EPS: 8.58
▪️ROE: 36.42%
▪️ROCE: 39.23%
▪️Employees: 310
▪️Debt/Equity: 0.38
▪️Assets: 131Cr
▪️Total Borrowing: 24Cr (Reserves and Surplus:45Cr)
▪️Share Holding Pre Issue: 97%
▪️Share Holding Post Issue: 70.61%
📌FINANCIALS:
▪️FY24 Rev is 304 Cr as compared to 247 Cr(FY23), 24%✅ growth yoy.
▪️FY24 PAT is 19.35 Cr as compared to 13.6 Cr(FY23), 43%✅ growth yoy.
▪️115%🔥 growth in Rev in last 2 years.
▪️240%🔥 growth in PAT in last 2 years.
(PAT margins of 4.21% (FY22), 5.51% (FY23), 6.39% (FY24)✅)
➡️According to RHP and investor chatter,
FY25 expected Rev is 400-450Cr and PAT 30-35Cr.
📌Revenue Bifurcation:-
➢Private: 92%
➢Govt: 8%
▪️Exports: 14% (exported to 10+ countries🤩)
▪️Domestic: 86%
📌SECTOR GROWTH🚀:
▪️The India Power & Distribution Transformer Market size was valued at around USD 3.97 billion in 2023 and is projected to reach around USD 8.41 billion by 2030 with CAGR of 10.84%.🔥
▪️The India High Voltage Power Transformer Market is projected to grow from USD 792.36 million in 2023 to an estimated USD 1,583.93 million by 2032, with a CAGR of 8.00%✅.
▪️The power generation industry in India will require a total investment of Rs. 33 lakh crore (US$ 400 billion🚀) by 2032 to meet the rising energy demands, as per the National Electricity Plan 2022-32.
▪️As per the National Infrastructure Pipeline 2019-2025, energy sector projects accounted for the highest share (24%) out of the total expected capital expenditure of US$ 1.4 trillion (Rs. 111 lakh crore🚀).
▪️100% FDI✅ allowed in the power sector has boosted FDI inflow in this sector.
📌FUTURE PLAN🔥🔥:
▪️Focus on increasing market share by expanding their manufacturing capacity at Unit-II.
(➡️completed the construction of a new shed spanning 2,000 sq.m✅, expansion will accommodate new machinery)
▪️Targeting new products and customer segments.
(➡️By adding new machinery into their production setup, they aim to tap into new market segments , particularly for transformers in 400 kV✅ and 765 kV✅ class.)
📌Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing. Although the write up accurately reflects the personal view of the author, there may be manual/human errors in the writeup.🙏