Jainam Ferro Alloys IPO Details
Jainam Ferro Alloys IPO description – Jainam Ferro Alloys is engaged in production of 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. Sometimes addition of some elements in the form of alloys is done deliberately to liquid steel for developing abrasion resistance, wear resistance and corrosion resistance properties. Apart from using manganese alloys for alloying the steel, they are also widely used for deoxidizing, desulphurization & refining of steel.
The company also generates revenue from its trading activities of manganese ore, used as a raw material in manufacturing Ferro alloys.
Promoters of Jainam Ferro Alloys – Mr Archit Parakh and Mr Aditya Parakh
Jainam Ferro Alloys IPO details |
|
| Subscription Dates | 28 – 30 September 2021 |
| Price Band | INR70 per share |
| Fresh issue | 1,302,000 shares (INR9.11 crore) |
| Offer For Sale | 1,500,000 shares (INR10.5 crore) |
| Total IPO size | 2,802,000 shares (INR19.61 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Jainam Ferro Alloys' Financial Performance (in INR crore)
| FY2019 | FY2020 | FY2021 | ||
| Revenue | 132.40 | 122.34 | 102.52 | |
| Expenses | 128.35 | 121.21 | 98.18 | |
| Net income | 2.89 | 0.86 | 3.12 | |
| Net margin (%) | 2.2 | 0.7 | 3.0 |
More about Jainam Ferro Alloys IPO
- Jainam Ferro Alloys IPO Red Herring Prospectus
- Jainam Ferro Alloys IPO GMP
- Jainam Ferro Alloys IPO DRHPÂ
Registrar of Jainam Ferro Alloys IPO
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road Marol, Andheri (East), Mumbai – 400059
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Jainam Ferro Alloys Contact Details
Jainam Ferro Alloys Limited
Plot No. 103 to 113 & 130 to 136/A & 137, Sector-C, Urla Industrial Area, Raipur, Chhattisgarh – 492003
Phone: +91 771 4700109
Email: : [email protected]
Website: www.jainamferro.com
Valuation of Jainam Ferro Alloys (FY2021)
Earnings Per Share (EPS): INR3.37
Price/Earnings (PE ratio): 20.77
Return on Net Worth (RONW): 13.05%
Net Asset Value (NAV): INR25.81 per share
Jainam Ferro Alloys IPO Subscription Details (no. of times)
| Category |
Non-retail |
Retail |
Total |
| Shares Offered | 1,476,000 | 1,326,000 | 2,802,000 |
| Day 1 | 0.91 | 1.26 | 1.08 |
| Day 2 | 1.70 | 3.27 | 2.45 |
| Day 3 | 6.23 | 7.07 | 6.65 |
Jainam Ferro Alloys IPO Allotment Status
Jainam Ferro IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Listing Performance of Jainam Ferro Alloys
IPO Opening Date: 28 September 2021
IPO Closing Date: 30 September 2021
Finalisation of Basis of Allotment: 5 October 2021
Initiation of refunds: 6 October 2021
Transfer of shares to demat accounts: 7 October 2021
Listing Date: 8 October 2021
Opening Price on NSE SME: INR73 per share (up 4.29% from IPO price)
Closing Price on NSE SME: INR73.10 per share (up 4.43% from IPO price)
