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SME IPO Status: Listed [28th Sep 2021 to 30th Sep 2021]
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 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | TBD |
| SME IPO Issue Type: | Fixed Price Issue |
| 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 |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 73.47% |
| Allotment Status: | Allotment Status |
| NSE Code: | JAINAM |
Get important updates regarding Jainam Ferro Alloys SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 5th Oct 2021 |
| Refunds Initiation* | 6th Oct 2021 |
| Credit of Shares to Demat* | 7th Oct 2021 |
| SME IPO Listing Date* | 8th Oct 2021 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹70 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 4000 shares (2 lots) |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # 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 |
| 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 |
Last Updated on 12-Jan-2022 17:33:25
