SME IPO Status: Closed [28th Sep 2021 to 30th Sep 2021]
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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.
|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|
|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%|
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.
|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
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/|
The company aims to utilize the net proceed towards the following purposes;
The table below is live update of SME IPO bidding details from NSE and BSE.
|# of Shares Offered||1,326,000 (50%)||1,326,000 (50%)||2,652,000||1||28th Sep 2021 17:02||1.01x||1.27x||1.14x||2||29th Sep 2021 17:02||1.90x||3.27x||2.58x||3||30th Sep 2021 17:02||6.23x||7.07x||6.65x|
Past performance and financial results of Jainam Ferro Alloys.
|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 DRHP >>Document
Jainam Ferro Alloys SME IPO RHP >>Document
Jainam Ferro Alloys SME IPO Allotment Status >>Link
Last Updated on 2021-10-18T10:05:40+00:00