Jainam Ferro Alloys (I) Limited IPO

NSE SME

Listed On: Oct 8, 2021 at ₹ 73

₹ 140000 /2000 Shares

Check Allotment

IPO Details

28 Sep, 2021

Open Date

30 Sep, 2021

Close Date

05 Oct, 2021

Allotment Date

08 Oct, 2021

Listing Date

Issue Price

₹70 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

Listing Date

2021-10-08

Market Lot

2000 Shares (₹140,000/-)

Lead Manager

Hem Securities Limited

Issue Size

2,802,000 Eq Shares of ₹10(aggregating up to ₹19.61 Cr)

Retail Portion

N/A

Subscription

6.65 times

IPO Docs

IPO Subscription 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

Earnings Per Share (EPS)

₹2.95/-

P/E Ratio

23.71

RoNW

13.05%

Net Asset Value (NAV) - Post Issue

31.26/-

Company Financials All values are in ₹ Cr.

	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 The 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)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.47%

Company Promoter(s)

Mr. Archit Parakh
Mr. Aditya Parakh

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. 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 IPO price band is set between ₹70 per equity share.

Ans. To apply for Jainam Ferro Alloys (I) Limited IPO 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 allotment status for Jainam Ferro Alloys (I) Limited IPO here.