Jainam Ferro Alloys IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Jainam Ferro Alloys IPO release date, IPO offer price, subscription, Jainam Alloys IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 70 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Oct 8, 2021 |
| Offer for Sale | Rs 1,050 Lakh |
| Fresh Issue | Rs 911.40 Lakh |
| IPO Size | Rs 1,961.40 Lakh |
| Tick Size | 1 |
Jainam Ferro Alloys IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Jainam Ferro Alloys Share Price |
Jainam Ferro Alloys IPO – Summary
Their Company was originally incorporated as Jainam Infraways Private Limited in March 2014. They are currently manufacturing two types of Ferro Alloys namely, Ferro Manganese (FeMn) and Silico-manganese (SiMn). Both the alloys are largely used in the Steel industry. Ferro-manganese adds strength, toughness, and other properties to steel. Silicomanganese provides additional silicon which is a stronger De-oxidant in manufacturing steel.
Their Company also generates revenue from its trading activities of manganese ore, used as a raw material in manufacturing Ferroalloys.
The Promoter of this company is Mr. Archit Parakh and Mr. Aditya Parakh. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Jainam Ferro Alloys IPO Date
The opening and the closing date of Jainam Ferro Alloys IPO are Sep 28, 2021, and Sep 30, 2021.
Jainam Ferro Alloys IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Jainam Ferro Alloys IPO LIVE Subscription
- Jainam Ferro Alloys IPO LIVE Bid details on BSE
- Jainam Ferro Alloys IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Jainam Ferro Alloys IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Jainam Ferro Alloys IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 5, 2021 |
| Refunds Initiation | Oct 6, 2021 |
| Credit of Shares to Demat Account | Oct 7, 2021 |
| Share Listing Date | Oct 8, 2021 |
Jainam Ferro Alloys IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.70
Jainam Ferro Alloys IPO Size
This Initial Public Issue of 28,02,000 Equity Shares of Rs.10 each for cash at a price of Rs.70 per equity share aggregating to Rs.1,961.40 Lakh.
Jainam Ferro Alloys IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 13,02,000 Equity Shares of Rs.10/ each.
Issue Size: 28,02,000 Equity Shares of Rs.10 each, aggregating to Rs.1,961.40 Lakh
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Jainam Ferro Alloys IPO – Live Performance
The listing date of this IPO is Oct 8, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Jainam Ferro Alloys Share Price |
Jainam Ferro Alloys IPO Grey Market Premium
The Jainam Ferro Alloys Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Jainam Ferro Alloys IPO – Company Overview
In the year 2016, their Company took over the ferroalloy plant of M/s Raghuvir Ferro Alloys Private Limited vide Sale deed dated June 21, 2016.
Pursuant to the sale deed the company acquired the entire factory of M/s Raghuvir Ferro Alloys Private Limited having its factory located at Plot No. 103 to 113 & 130 to 136/A & 137, Sector-C, Urla Industrial Area, Raipur, Chhattisgarh- 492003, India including Super Structure Factory Shed, Administrative Buildings, Plant and Machinery, Weigh Bridge, Electrical Installation, Office equipment together with all rights, concessions, licenses and other privileges.
The allotted manganese ore mines at K.H. No. 8/2, 9/1, 10/1, 10/2, and 14/1, Village Jagantola, Tehsil – Baihar, District Balaghat, Madhya Pradesh with valid lease period up to 2028 which was later extended up to 2058 by the State Government vide Extension Lease Deed dated April 11, 2018.
The Company has not yet started extraction of manganese ore from these mines as the transfer of said mines to the name of the company in records of State Govt of Madhya Pradesh is yet pending.
Jainam Ferro Alloys IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 5241.86 | 3919.46 | 4022.85 |
| *Total Revenue | 10251.73 | 12233.62 | 13239.76 |
| Total Expense | 9817.59 | 12121.06 | 12835.37 |
| Profit After Tax | 311.77 | 86.41 | 288.57 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 3.37 | 0.93 | 3.12 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 311.77 Lakh, Rs. 86.41 Lakh, and Rs. 288.57 Lakh respectively.
Jainam Ferro Alloys IPO – Promoters
The Promoter of this company is:
- Mr. Archit Parakh
- Mr. Aditya Parakh
List of Related Parties (Key Managerial Personnel)
- Archit Parakh, Chairman & Managing Director
- Arpit Parakh, Whole Time Director
- Namita Bai Parakh, Non-Executive Director
- Ramakant Sarda, Independent Director
- Nandkishor Bhutda, Independent Director
- Gyan Das Manikpuri, Non-Executive Director
Jainam Ferro Alloys IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 73.47%
Jainam Ferro Alloys IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 28,02,000 Equity Shares aggregating up to Rs.1,961 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,50,000 Equity Shares aggregating up to Rs.105 Lakh |
| Net Issue to the Public | Up to 26,52,000 Equity Shares aggregating up to Rs.1,856.40 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 13,26,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 13,26,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 92,59,200 Equity Shares |
| Equity Shares outstanding after the Issue | 1,05,61,200 Equity Shares |
Jainam Ferro Alloys IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet offer related expenses
Jainam Ferro Alloys – Business Strategy
- Optimal Utilization of Resources and Installed Capacities
- Enhance customer base by entering new geographies to establish long-term relationships
- Develop a cordial relationship with their Suppliers, Customer, and employees
- Focus on consistently meeting quality standards
Jainam Ferro Alloys IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality Assurance
- Technical expertise and Operational Excellence
- Strategic location of manufacturing unit
- Strong & long-term relationship with their clients
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 3.37 | 13.05 | 25.81 |
| 31-Mar-20 | 0.93 | 4.53 | 20.58 |
| Mar-19 | 3.12 | 14.86 | 20.98 |
Jainam Ferro IPO : Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Jainam Ferro Alloys Limited | 10 | [●] | 3.37 | 13.05 | 102.52 |
| Listed Peers | |||||
| Maithan Alloys Ltd | 10 | 11.64 | 79.02 | 15.12 | 1643.75 |
| Shyam Century Ferrous Limited | 1 | 95.00 | 0.13 | 2.37 | 135.8 |
Jainam Ferro Alloys IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED Address:- 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Website: www.hemsecurities.com Contact Person: Mr. Anil Bhargava SEBI Regn. No. INM000010981 |
Jainam Ferro IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059, Maharashtra, India Tel No.:+91-022-6263 8200 Fax No.: +91-022-6263 8299 Email:ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Website:www.bigshareonline.com Contact Person: Mr. Arvind Tandel SEBI Regn. No.: INR000001385 |
Jainam Ferro IPO – Other Details
- Statutory Auditor – M/s. Sunil Johri & Associates, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Jainam Alloys IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Jainam Ferro Alloys Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Jainam Ferro Alloys IPO Review FAQs
Ques – What is the Issue Size of Jainam Alloys IPO?
Answer – The Company is making an initial public offer of 28,02,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Jainam Ferro Alloys IPO?
Answer – The price band for this particular IPO ranges between Rs 70. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Jainam Alloys IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 28, 2021, while the closing date is set at Sep 30, 2021.
Ques – What is the Jainam Ferro IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 5, 2021, refund initiation is on Oct 6, 2021, credit of shares is on Oct 7, 2021, and share listing date is on Oct 8, 2021.
Ques – What is the Jainam Ferro Alloys IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Oct 8, 2021. The date, when the listing would be done, is stagnant on Oct 8, 2021.
Ques – Who is the Registrar of Jainam Alloys IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Jainam Ferro IPO?
Answer – Here are the promoters of this IPO – Mr. Archit Parakh and Mr. Aditya Parakh. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Jainam Alloys IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Jainam Ferro IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Jainam Alloys?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 311.77, 2020 is 86.41, 2019 is 288.57.
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