Jainam Ferro Alloys (I) Limited IPO Review
Jainam Ferro Alloys manufactures two types of magnetic alloys: ferro manganese (FeMn) & silico-manganese (SiMn). Both alloys are widely used in the steel industry. Steel gains strength, hardness, and other characteristics from ferro-manganese. Silico manganese adds silicon, which is a stronger de-oxidant in the production of steel. Some elements are intentionally added to liquid steel in the form of alloys to improve resistance to abrasion, wear resistance, and resistance to corrosion.
Apart from alloying steel, manganese alloys are frequently used for deoxidizing, desulphurization, and refining steel.
Revenue is also produced through the firm’s trading of manganese ore, which is utilized as a raw ingredient in the production of Ferro alloys.
| Subscription Dates | 28 – 30 September 2021 |
| Price Band | INR70 per share |
| Fresh issue | 1,302,000 shares (INR9.11 crore) |
| Offer For Sale | 1,500,000 shares (INR10.5 crore) |
| Total IPO size | 2,802,000 shares (INR19.61 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
FY2019 | FY2020 | FY2021 | |
Revenue | 132.40 | 122.34 | 102.52 |
Expenses | 128.35 | 121.21 | 98.18 |
Net income | 2.89 | 0.86 | 3.12 |
Net margin (%) | 2.2 | 0.7 | 3.0 |
Earnings Per Share (EPS): INR3.37
Price/Earnings (PE ratio): 20.77
Return on Net Worth (RONW): 13.05%
Net Asset Value (NAV): INR25.81 per share
| Date | Jainam Ferro Alloys (I) Limited IPO GMP | Kostak | Subject to Sauda |
Listing Performance of Jainam Ferro Alloys (I) Limited IPO
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Jainam Ferro Alloys (I) Limited IPO | Oct 8, 2021 | 70 | 73.1 | 4.43% |
NSE : JAINAM
ISIN CODE : INE02KC01010
BSE : NA
Dilip Davda – Avoid
IPO Opening Date: 28 September 2021
IPO Closing Date: 30 September 2021
Finalisation of Basis of Allotment: 5 October 2021
Initiation of refunds: 6 October 2021
Transfer of shares to demat accounts: 7 October 2021
Listing Date: 8 October 2021
Opening Price on NSE SME: INR73 per share (up 4.29% from IPO price)
Closing Price on NSE SME: INR73.10 per share (up 4.43% from IPO price)
Jainam Ferro Alloys Limited
Plot No. 103 to 113 & 130 to 136/A & 137, Sector-C, Urla Industrial Area, Raipur, Chhattisgarh – 492003
Phone: +91 771 4700109
Email: : cs@jainamferro.com
Website: www.jainamferro.com
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road Marol, Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
| Category | Non-retail | Retail | Total |
| Shares Offered | 1,476,000 | 1,326,000 | 2,802,000 |
| Day 1 | 0.91 | 1.26 | 1.08 |
| Day 2 | 1.70 | 3.27 | 2.45 |
| Day 3 | 6.23 | 7.07 | 6.65 |
Jainam Ferro Alloys (I) Limited IPO FAQ's
The Jainam Ferro Alloys (I) Limited IPO is a SME IPO of ₹70 per equity share with a face value of ₹10 per equity share.
The issue size is priced at 460,800 Eq Shares of ₹10 (aggregating up to ₹4.29 Crore). The initial public offering (IPO) begins on Sep 28, 2021 and ends on Sep 30, 2021.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE, SME.
The Jainam Ferro Alloys (I) Limited IPO opens on Sep 30, 2021 and closes on Oct 4, 2021.
The Jainam Ferro Alloys (I) Limited IPO Market lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
The finalization of Basis of Allotment for Jainam Ferro Alloys (I) Limited IPO will be done on Oct 7, 2021 and the allotted shares will be credited to your demat account by Oct 11, 2021. Check the Jainam Ferro Alloys (I) Limited IPO Status.
The Jainam Ferro Alloys (I) Limited IPO listing date is on Wednesday, October 12, 2021.
Jainam Ferro Alloys (I) Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Jainam Ferro Alloys (I) Limited IPOComments
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