Jayant Infratech 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 Jayant Infratech IPO release date, IPO offer price, subscription, Jayant Infratech Limited 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 |
| Price Band | Rs 67 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Jul 13, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 619 Lakhs |
| IPO Size | Rs 619 Lakhs |
| Tick Size | 1 |
Jayant Infratech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Jayant Infratech IPO – Summary
Their Company was originally incorporated on July 7, 2003 as a private limited company as “Shri Raj Manufacturing and Projects Private Limited” vide Registration No. 015940 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh & Chhattisgarh.
The name of their Company was changed from “Shri Raj Manufacturing and Projects Private Limited” to “Jayant Infratech Private Limited” vide Fresh Certificate of Incorporation dated January 01, 2008, Consequent upon Change of Name pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on December 26, 2007.
Further their company converted into Public limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General meeting held on February 28, 2022 and the name of the company was changed to “Jayant Infratech Limited” vide Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated March 29, 2022 was issued by Registrar of Companies, Chhattisgarh being Corporate Identification Number U35202CT2003PLC015940
Jayant Infratech IPO Date
The opening and the closing date of Jayant Infratech IPO are Jun 30, 2022 and Jul 5, 2022 Respectively.
Jayant Infratech IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th Jun | 0.58x | 0.17x | 0.37x |
| 2nd Day – 1st Jul | 0.58x | 0.29x | 0.43x |
| 3rd Day – 4th Jul | 0.82x | 0.97x | 0.90x |
| 4th Day – 5th Jul | 4.23x | 3.76x | 4.00x |
| Shares Offered or Net Issue | 438,000 | 438,000 | 876,000 |
The shares subscribed by the public will be updated here.
Jayant Infratech 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.
Jayant Infratech Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 8, 2022 |
| Refunds Initiation | Jul 11, 2022 |
| Credit of Shares to Demat Account | Jul 12, 2022 |
| Share Listing Date | Jul 13, 2022 |
Jayant Infratech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.67
Jayant Infratech IPO Equity Size
This Initial Public Issue of 924,000 Equity Shares of Rs.10 each for cash at a price of Rs.67 per equity share aggregating to Rs.619 Lakhs.
Jayant Infratech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 924,000 Equity Shares of Rs.10/ each.
Issue Size: 924,000 Equity Shares of Rs.10 each, aggregating to Rs.619 Lakhs
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Jayant Infratech IPO – Live Performance
The listing date of this IPO is Jul 13, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Jayant Infratech Share Price |
Jayant Infratech IPO Grey Market Premium
The Jayant Infratech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Jayant Infratech IPO – Company Overview
Incorporated in the year 2003, they are engaged in the field of Railway Infrastructure Development involving design, drawing, supply, Erection and Commissioning of 25KV, 50Hz Single Phase Traction Overhead Equipment. The key clients of the Company include various zones of the Indian Railways like Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, North Frontier Railway, East Central Railway, Central Organisation for Railway Electrification (CORE) as well as large Public and Private Sector.
Their major work encompasses electrification of new & existing Railway tracks helping nation to reduce dependability of fossil fuels thereby reducing the carbon print foot. Their services include concept to commissioning of Railway Infrastructure right from design to energization. They have completed hundreds of Kms of electrification & erected several traction substations in a span of 20 years. Their Company is based out in Chhattisgarh and this gives us an opportunity to offer their services to coal mines
Jayant Infratech 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 & Lakhs) | ||||
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 2991.5 | 2884.16 | 2266.83 | 2114.62 |
| Total Revenue | 2414.6 | 3550.87 | 3416.73 | 1848.17 |
| Total Expense | 2265.4 | 3365.20 | 3239.60 | 1753.58 |
| Profit After Tax | 112.64 | 139.58 | 131.92 | 69.86 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 6.69 | 6.40 | 6.30 | 3.34 |
Further, their PAT for the period ended on Dec 31, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs.112.64 Lakhs, Rs.139.58 Lakhs, Rs.131.92 Lakhs and Rs. Lakhs respectively.
Jayant Infratech IPO – Promoters
The Promoter of this company is:
- Mr. Nilesh Jobanputra
List of Related Parties (Key Managerial Personnel)
- Mr. Nilesh Jobanputra, Managing Director
- Ms. Daksha Jobanputra, Executive Director
- Mr. Rishi Jashwantrai Karia, Non-Executive Director
- Mr. Rahul Chandrakant Pohekar, Independent Director
- Mr. Om Prakash Sonwani, Independent Director
Jayant Infratech IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 71.44%
Jayant Infratech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 9,24,000 Equity Shares aggregating up to Rs. 619.08 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 48,000 Equity Shares aggregating up to Rs.32.16 Lakhs |
| Net Issue to the Public | Up to 8,76,000 Equity Shares aggregating up to Rs.586.92 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 4,38,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 4,38,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 23,11,562 Equity Shares |
| Equity Shares outstanding after the Issue | 32,35,562 Equity Shares |
Jayant Infratech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Payment of Security Deposit for renting of Office Space;
- Working Capital Requirements
- General Corporate Purposes
Jayant Infratech IPO – Business Strategy
- Cost effectiveness
- Maintain their focus to strengthen customer relationship
- Increase Brand awareness
- Building-up as a Professional Organization
- Continue to attract and retain talent
- Strategic Acquisition and Alliance Opportunities
Jayant Infratech 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:
- Experience and Track Record
- Quality Service
- Experienced Promoter and Management
- Engaged in an Industry of paramount national importance and undisputed growth potential
- Exemplary Track Record in Execution of the Projects
- Satisfied Chain of Vendors
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 6.40 | 9.70 | 66.02 |
| 31-Mar-20 | 6.30 | 10.54 | – |
| Mar-19 | 3.34 | 6.24 | – |
Jayant Infratech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Jayant Infratech Limited | 10 | 10.47 | 6.40 | 9.70 | 3,518.06 |
| Listed Peers | |||||
| BCPL Railway Infrastructure Limited | 10 | 9.12 | 4.43 | 9.61 | 10500.00 |
| Larsen & Toubro Limited | 10 | 29.45 | 56.09 | 15.26 | 1,01,00,000.00 |
Jayant Infratech IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai – 400 001, Maharashtra, India. Tel No.: +91 – 22 – 4002 5273 / 98368 22199 / 98368 21999 Email: info@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Dimple Magharam Slun SEBI Registration No: INM000012177 CIN: L74999MH2008PLC288128 |
Jayant Infratech IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059, Maharashtra, India. Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
Jayant Infratech IPO – Other Details
- Statutory Auditor – GUPTA AGARWAL & ASSOCIATES,
- Legal Counsel to the Company – ADV SHAIILESH L DALVI
- Bankers to the Company – BANK OF BARODA
Jayant Infratech 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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Jayant Infratech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Jayant Infratech IPO Review FAQs
Check out various FAQs related to Jayant Infratech IPO:
What is the Issue Size of Jayant Infratech IPO?
The Company is making an initial public offer of 924,000 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 the net issue.
What is the Price band of Jayant Infratech IPO?
The price band for this particular IPO ranges between Rs.67. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Jayant Infratech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 30, 2022, while the closing date is set at Jul 5, 2022.
What is the Jayant Infratech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jul 8, 2022, refund initiation is on Jul 11, 2022, credit of shares is on Jul 12, 2022, and share listing date is on Jul 13, 2022.
What is the Jayant Infratech IPO Listing Date?
Shares of this company shall be listed in the exchanges Jul 13, 2022. The date, when the listing would be done, is stagnant on Jul 13, 2022.
Who is the Registrar of Jayant IPO?
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.
Who is the Promoter of Jayant Infratech IPO?
Here are the promoters of this IPO – Mr. Nilesh Jobanputra. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Jayant Infratech IPO?
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.
Is Jayant Infratech IPO good for Investment?
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.
What is the PAT of Jayant Infratech Company?
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 Lakhs is 139.58, 2020 is 131.92, 2019 is 69.86. PAT from Dec 2021 is 112.64.
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