HomeIPO SMEJainam Ferro Alloys IPO Details

Jainam Ferro Alloys IPO Details

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Jainam Ferro Alloys IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

Subscription Status

Allotment Status

About Jainam Ferro Alloys

Jainam Ferro Alloys is currently manufacturing two types of Ferro Alloys namely, Ferro Manganese (FeMn) and Silico-manganese (SiMn). Both the alloys are largely used in Steel industry. Ferro-manganese adds strength, toughness and other properties to steel. Silico manganese provides additional silicon which is a stronger De-oxidant in manufacturing steel. The company also generates revenue from its trading activities of manganese ore, used as a raw material in manufacturing Ferro alloys

Important Details – Jainam Ferro Alloys

DateDetails
March 06, 2014The company was originally incorporated as “Jainam Infraways Private Limited”, Chhattisgarh.
June 26, 2018The company was converted into a Public Limited Company
July 10, 2018The name of the company was changed from “Jainam Infraways Private Limited” to “Jainam Infraways Limited”
August 08, 2018The name of the company was changed from “Jainam Infraways Limited” to “Jainam Ferro Alloys (I) Limited”

Objects of the Issue

  • To meet Working Capital requirements
  • General Corporate Purpose
  • To meet offer related expenses

Jainam Ferro Alloys Limited Financials:

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Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in Lakhs)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 5,241.86 3,919.46 4,022.85
Total income 10,251.73 12,233.62 13,239.76
Total Expenses 9,817.59 12,121.06 12,835.37
Profit After Tax 311.77 86.41 288.57

Jainam Ferro Alloys IPO Price – Details

DescriptionJAINAM IPO Details
Public IssueInitial Public Offer of up to 28,02,000 Equity Shares of ₹ 10 (aggregating up to ₹ 19.61 crores), comprising of a fresh issue of 13,02,000 Equity Shares (aggregating up to ₹ 9.11 crores) and offer for sale of 15,00,000 Equity Shares (aggregating to ₹ 10.50 crores)
Issue Open  Date28-Sep-21
Issue Close Date30-Sep-21
Issue TypeFixed Price
IPO Price Band₹ 70
Face Value ₹ 10
Market Lot 2000 Equity Shares and in multiples thereof
Minimum Order Quantity 2000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolJAINAM
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Jainam Ferro Alloys IPO DRHP & RHP

Jainam Ferro Alloys IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum12000₹ 1,40,000
Maximum12000₹ 1,40,000

Jainam Ferro Alloys IPO Lead Managers

  • Hem Securities Limited

Jainam Ferro Alloys Registrar

  • Bigshare Services Private Limited

Jainam Ferro Alloys IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on28-Sep-21
Bid / Offer Closes on30-Sep-21
Finalisation of Basis of Allotment05-Oct-21
Initiation of refunds 06-Oct-21
Credit of the Equity Shares07-Oct-21
Commencement of trading – Listing08-Oct-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value Total income, for Financial Year 2021
(in ₹ crores)
EPS  (Rs.)
Jainam Ferro Alloys (I) Limited10102.523.37
Maithan Alloys Ltd101,643.7579.02
Shyam Century Ferrous Limited1135.800.13

Company Registered Office

Plot No. 103 to 113 & 130 to 136/A & 137,
Sector-C, Urla Industrial Area,
Raipur, Chhattisgarh – 492003, India
Website: www.jainamferro.com

Company Promoters

  • Mr. Archit Parakh
  • Mr. Aditya Parakh

Jainam Ferro Alloys IPO – FAQS

What is the Jainam Ferro Alloys IPO Price?

The Jainam Ferro Alloys IPO price band is 70 per share

When Jainam Ferro Alloys IPO will open?

The Jainam Ferro Alloys IPO opens on Sep 28, 2021 and closes on Sep 30, 2021

What is the lot size of Jainam Ferro Alloys IPO?

The Jainam Ferro Alloys IPO lot size is 2000 Equity Shares and the minimum order quantity is 2000 Equity Shares

Who is the Registrar for Jainam Ferro Alloys IPO?

The Registrar for Jainam Ferro Alloys IPO is Bigshare Services Private Limited

How to apply in Jainam Ferro Alloys IPO through UPI?

Check the step by step process here – Click here

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