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Jainam Ferro Alloys IPO

SME IPO Status: Closed [28th Sep 2021 to 30th Sep 2021]

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Jainam Ferro Alloys SME IPO Review

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Jainam Ferro Alloys IPO of Rs. 19.61 Cr comprising fresh issue of Rs. 9.11 Cr and offer for sale of Rs. 10.50 Cr opens for subscription on 28 Sep and closes on 30 Sep to list on the NSE SME platform. It is a fixed price IPO, price is fixed at Rs. 70 per share, 7 times the face value. Bids can be applied for the lot size of 2000 shares or its multiple. Check out more about Jainam Ferro Alloys IPO i.e. important dates, tentative timeline, minimum order quantity, company financials, and more.

Jainam Ferro Alloys SME IPO Details

SME IPO Issue Opening Date: 28th Sep 2021
SME IPO Issue Closing Date: 30th Sep 2021
SME IPO Issue Price: ₹70
IPO Listing At: NSE SME
IPO Category: SME
SME IPO Issue Type: Fixed price IPO
SME IPO Issue Size: ₹19.61 Cr
Offer for Sale: 15,00,000 shares at ₹70 each [Aggregating to ₹10.50 Cr]
Fresh Issue: 13,02,000 shares at ₹70 each [Aggregating to ₹9.11 Cr]
Face Value: ₹10 Per Equity Share
SME IPO Discount: NA
Market Lot: 2000 Shares
Min Retail Qty: 2000 shares (1 lot)
Max Retail Qty: 2000 shares (1 lot)
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: 73.47%
NSE Code: JAINAM
IPO Live GMP IPO Live GMP

Jainam Ferro Alloys SME IPO Important Dates

In this section we have covered all important dates related to Jainam Ferro Alloys SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.

Jainam Ferro Alloys SME IPO important dates
SME IPO Activity Date
SME IPO Issue Open 28th Sep 2021
SME IPO Issue Close 30th Sep 2021
Basis of Allotment Finalisation Date* 5th Oct 2021
Refunds Initiation* 6th Oct 2021
Credit of Shares to Demat Account* 7th Oct 2021
SME IPO Listing Date* 8th Oct 2021

* - Tentative Dates

About Company - Jainam Ferro Alloys

Jainam Ferro Alloys is one of the India's leading manufacturers and exporters of niche value-added manganese alloys. The company manufactures two types of ferro alloys; Ferro Manganese and Silico-manganese that are used in the steel industry. It further generates revenue from the trading (buying and selling) activities of manganese ore raw material.

Incorporation Sector IPO Issue Size Website
2014 Iron & Steel/Interm.Products ₹19.61 Cr http://www.jainamferro.com/

Jainam Ferro Alloys SME IPO Objective

The company aims to utilize the net proceed towards the following purposes;

  • Meet working capital requirements.
  • General corporate purposes.
  • To meet issue-related expenditures.

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Jainam Ferro Alloys SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 1,326,000 Shares
  • Retail Individual Investor: 1,326,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered1,326,000 (50%)1,326,000 (50%)2,652,000
128th Sep 2021 17:021.01x1.27x1.14x
229th Sep 2021 17:021.90x3.27x2.58x
330th Sep 2021 17:026.23x7.07x6.65x

Jainam Ferro Alloys Financials for past 3 Years

Past performance and financial results of Jainam Ferro Alloys.

Jainam Ferro Alloys financial
Jainam Ferro Alloys Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹5,241.86 Lakh ₹3,919.46 Lakh ₹4,022.85 Lakh
Total Income ₹10,251.73 Lakh ₹12,233.62 Lakh ₹13,239.76 Lakh
Net Profit/Loss ₹311.77 Lakh ₹86.41 Lakh ₹288.57 Lakh

Jainam Ferro Alloys SME IPO Strengths

  • Technical expertise and operational excellence.
  • Strong quality products with ISO 9001:2015 and ISO 14001:2015 certification.
  • Strategically located manufacturing facility in Urla, Raipur.
  • Strong long-term customer relationships.

Jainam Ferro Alloys SME IPO Threats/Weaknesses

  • Higher costs of raw materials will have an adverse impact on the total revenue and profitability.
  • Dependency on stable logistic and transportation infrastructure, thus, any disruption can impair business success.
  • Global outbreak of the COVID-19 pandemic can disrupt manufacturing activities and ultimately affect financial performance.
  • The volatile and cyclical nature of the steel industry may affect demand significantly.

Jainam Ferro Alloys SME IPO Recommendations

Jainam Ferro Alloys SME IPO DRHP >>Document

Jainam Ferro Alloys SME IPO RHP >>Document

Jainam Ferro Alloys SME IPO Allotment Status >>Link

Company Address

Jainam Ferro Alloys (I) Limited
Plot No. 103 to 113 & 130 to 136/A & 137, Sector-C, Urla Industrial Area
Raipur,Chhattisgarh-492003
India
Website: http://www.jainamferro.com/
Phone: 771 4700109
Email: [email protected]

Jainam Ferro Alloys SME IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Website: http://www.bigshareonline.com
Phone: +91-22-6263 8200
Email: [email protected]

Jainam Ferro Alloys SME IPO Lead Manager

  1. Hem Securities Limited
Jainam Ferro Alloys SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Jainam Ferro Alloys? Should I apply in Jainam Ferro Alloys SME IPO?

Last Updated on 2021-10-18T10:05:40+00:00


User Reviews

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5. sanjiv 9/22/2021 10:24:36 PM Reply
Jainam Ferro Alloys SME IPO expected listing gain.
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4. Oshi singh 9/22/2021 10:24:36 PM Reply
Please confirm Jainam Ferro Alloys SME IPO GMP (grey market premium) and kostak.
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3. Priti 9/22/2021 10:24:36 PM Reply
Jainam Ferro Alloys SME IPO good or bad.
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2. Balu chavan 9/22/2021 10:24:36 PM Reply
Jainam Ferro Alloys SME IPO whether to invest or not.
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1. Rajendra 9/22/2021 10:24:36 PM Reply
Jainam Ferro Alloys SME IPO - CRISIL Rating, Apply or not?.