Jainam Ferro Alloys IPO Details

Jainam Ferro Alloys IPOJainam 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

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: +91 22 6263 8200
Email: [email protected]
Website: 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)

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