Jammu Pigments IPO – Review, Allotment Status, Subscription, Price, Date & more

Jammu Pigments is into the business of manufacturing of Lead, Lead Alloy, Lead Ingots, Litharge, Red Lead, TBLS, Cadmium and Zinc Oxide. They are one of the most competitive cost producers and are well placed to serve the growing demands of battery, rubber, glass, polyester, paint, PVC & pigment industries all over the world. The Company is about to issue 44,32,000 Equity shares of Rs.10 each. Let’s have a detailed review of the company and analytics of the Jammu Pigments IPO release date, IPO offer price, subscription, Jammu Pigments IPO allotment status, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Jammu Pigments IPO Review & Ratings

Jammu Pigments IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.2/10
Industry Ranking 6.4/10
Company Background6.0/10
Company Reputation6.3/10
Competitive Edge6.3/10
Financial Statements6.1/10
Popularity Index6.1/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.1/10
Overall Ratings 6.2/10
Star Ratings★★★☆☆

Summary of Jammu Pigments IPO

Jammu Pigments IPOJammu Pigments Pvt Ltd is is engaged in the business of dyeing and processing of fabrics on job work basis for other textile companies as well as for own manufacturing product lines. The Company procures Grey Fabric from the market and further dyes and finishes the same as per the client’s requirements on the basis of quality of the fabric, sizing requirements etc.

The Public Issue of 44,32,000 Equity Shares of Face Value of Rs 10 Each Of Jammu Pigments Limited for Cash at a price of Rs 75/- per equity share including a share premium of Rs 65/- per equity share (the “issue price”) aggregating to Rs 3324.00 lakh (“the issue”), of which 2,24,000 equity shares of face value of Rs 10/- each for cash at a price of Rs 75/- per equity share including a share premium of Rs 65/- per equity share aggregating to Rs 168.00 lakh will be reserved for subscription by market maker to the issue (the “market maker reservation portion”).

The issue less the Market Maker reservation portion i.e. net issue of 42,08,000 equity shares of face value of Rs 10/- each at a price of Rs 75/- per equity share including a share premium of Rs 65/- per equity share aggregating to Rs 3156.00 lakh is herein after referred to as the “net issue”. The issue and the net issue will constitute 26.52% and 25.19% respectively of the post issue paid up equity share capital of our company.

The main Objective of this IPO:

  • Funding of working capital requirements of the Company
  • Funding Expenditure for General Corporate Purposes
  • Issue Expenses

The Promoter of this company are Mr. Ramesh Kumar Agarwal and Mrs. Asha Devi Mittal. The lead manager to the issue is SWASTIKA INVESTMART LIMITED and the Registrar to this issue is KARVY COMPUTERSHARE PRIVATE LIMITED.


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Jammu Pigments IPO Date

The opening and the closing date of IPO of Jammu Pigments Pvt Ltd is not disclosed yet.

Jammu Pigments IPO Subscription

 Subscription
Day 1X
Day 2 X
Day 3X
Day 4 X
Day 5 X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.

Jammu Pigments IPO Allotment Status

Will be updated only after the Issue release.

Jammu Pigments IPO Price Band

The face value of each share is Rs 10, and the Issue Price Rs 75, so the premium price is Rs 65 each. 

Jammu Pigments IPO Equity Share Offering

44,32,000 Equity Shares of Rs 10/- each but Issue Price Rs 75/- each aggregating to Rs 3324.00 Lakh.


Jammu Pigments Pvt Limited – Company Overview

The Company was originally incorporated as “Jammu Pigments Private Limited” on August, 29 th , 2005. Later on, company got converted into public limited company and the name of our Company was changed to ―”Jammu Pigments Limited” and fresh Certificate of Incorporation dated July, 08 th , 2013 was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana.

Jammu Pigments Limited is a large manufacturer of Lead, Lead Alloy, Lead Ingots, Litharge, Red Lead, TBLS, Cadmium and Zinc Oxide. The most competitive cost producers and are well placed to serve the growing demands of battery, rubber, glass, polyester, paint, PVC & pigment industries all over the world. Continual development has made the company a Grade I, one of the large enterprise of INDIA in this field and having works at Kathua (J & K) and Dariba (Rajasthan). The company displays an exquisite blend of expertise and innovation in the field of Metal & Chemical manufacturing.

KEY MEMBERS:

  • Mr. Ramesh Kumar Agarwal
  • Mrs. Asha Devi Mittal
  • Mr. Sanjay Kumar Agarwal
  • Mr. Naresh Dutta Sharma
  • Mr. Lalit Kumar Jain
  • Mr. Parth Sharda

Competitive Strengths of Jammu Pigments Pvt Limited:

  • Presence in Global Market
  • Access to raw material world wide
  • Environment friendly
  • Versatile product mix
  • Strong Brand Name
  • Relationship with customers
  • Strong management Team

Business strategies of Jammu Pigments Pvt Limited:

  • Diversifying and increasing penetration in markets
  • Expand the global footprint
  • Optimal Utilization of Resources
  • High productivity / Operational Excellence

Jammu Pigments Pvt Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospects:

Financial Summary:

Restated Consolidated Balance Sheet  – Amount (in INR & Lakhs)

30-Nov-1731-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets34270.0330724.7236304.4836993.2727297.97
Total Revenue38702.4961184.0137117.5836073.8543287.86
Total Expense37932.2260780.1636812.3035806.4242652.48
Profit After Tax599.43282.31196.47212.47458.57

Earnings per Equity Share (in Lakhs)

 31-Dec-1731-Mar-1731-Mar-1631-Mar-15
Basic 4.511.831.191.44
Diluted 4.511.831.191.44

Jammu Pigments IPO – Promoters

The Promoter of this company are: Mr. Ramesh Kumar Agarwal and Mrs. Asha Devi Mitta

Interest of Promoters

Promoters do not have any interest in any property acquired by their Company in the period of two (2) years before
filing this Draft Prospectus except as stated otherwise in the Draft Prospectus.

They have not entered into any contract, agreements or arrangements during the preceding two years from the date of this Draft Prospectus in which the promoters are directly or Indirectly interested and no payments have been made to them in respect of these contracts, agreements or arrangements and no such payments are proposed to be made to them.


Jammu Pigments IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 44,32,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 75/- each aggregating to Rs 3324.00 Lakh.
 Of which:
 Reserved for Market Makers 2,24,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 75/- each aggregating to Rs 168.00 Lakh
 Net Issue to the Public 42,08,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 75/- each aggregating to Rs 3156.00 Lakh
 Of which:
 Retail Investors Portion 21,04,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 75/- each aggregating to Rs1578.00 Lakh
 Non-Retail Investors Portion21,04,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 75/- each aggregating to Rs 1578.00 Lakh
 Equity Shares outstanding prior to the Issue1,22,79,607 Equity Shares of Rs 10/- each
 Equity Shares outstanding after the Issue1,67,11,607 Equity Shares of Rs 10/- each

Jammu Pigments IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding of working capital requirements of the Company
  • Funding Expenditure for General Corporate Purposes
  • Issue Expenses

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Jammu Pigments IPO – Basis of the 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:

1. Presence in Global Market
2. Access to raw material world wide
3. Long term Relationship with the Clients
4. Environment friendly
5. Versatile product mix
6. Strong Brand Name
7. Strong management Team

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-151.442.8347.13
31-Mar-161.192.4748.32
31-Mar-171.833.6450.15
31-Dec-174.518.2554.66

(Based on Restated Financials of the Company)

  • Minimum Return on Increased Net Worth required to maintain pre-issue Earnings per Share as at November 30 , 2017 : 4.51

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Jammu Pigments IPO Lead Managers

Lead Managers
SWASTIKA INVESTMART LIMITED
SEBI Regn Number: INM000012102
Address: 305, Madhuban Building, Cochin Street, S.B.S. Road, Fort, Mumbai,
Maharashtra – 400 001.
Tel No.: +91 – 22 – 2265 5565; Fax No: +91 – 22 – 664 4300
Email Id: merchantbanking@swastika.co.in
Investors Grievance Id: investorgrievance@swastika.co.in
Website: www.swastika.co.in
Contact Person: CS Mohit R. Goyal
CIN: L65910MH1992PLC067052

Jammu Pigments IPO Registrar to offer

Registrar to the Offer
KARVY COMPUTERSHARE PRIVATE LIMITED
SEBI Regn. Number: INR000000221
Address: Karvy Selenium Tower B, Plot 31-32, Gachibowli, Karvy
Selenium Tower B, Plot 31-32, Gachibowli,
Tel: +91 40 6716 2222; Fax: +91 40 2343 1551
Email: einward.ris@karvy.com
Investors Grievance Id: jammupigments.ipo@karvy.com
Website: www.karisma.karvy.com
Contact Person: Mr. M Murali Krishna
CIN: U72400TG2003PTC041636

Other Details:

  • Statutory Auditor – M/s. SHAH SHROFF & ASSOCIATES, Chartered Accountants
  • Peer Review Auditor – VINODREKHA & COMPANY, CHARTERED ACCOUNTANTS
  • Bankers to the Company –  STATE BANK OF INDIA
  • LEGAL COUNSEL – MODY AND MODY ADVOCATES
  • AUDITORS OF THE COMPANY – M. C. BHANDARI & COMPANY, CHARTERED ACCOUNTANTS

Jammu Pigments IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


Jammu Pigments IPO Grey Market Premium

The Jammu Pigments IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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Jammu Pigments IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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