Jainam Ferro Alloys (I) Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Sep 2021

Close Date

30 Sep 2021

Allotment

05 Oct 2021

Listing Date

08 Oct 2021

Exchange

NSE SME

Price Band

₹70

Listing Price

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Allotment Status

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Price Band

₹70

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

28,02,000 shares (aggregating up to ₹19.61 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹140,000

1 lot

Pre-IPO Holding

92,59,200 shares

Promoters

Post-IPO Holding

1,05,61,200 shares

Promoters

UPI Deadline

2021-09-30

Mandate

Anchor AllotmentMon, 27 Sep 2021

Basis of AllotmentTue, 05 Oct 2021

Refund InitiationWed, 06 Oct 2021

Demat CreditThu, 07 Oct 2021

Listing DayFri, 08 Oct 2021

UPI Mandate Deadline2021-09-30

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public26,52,000 shares (aggregating up to ₹18.56 Cr)

Market Maker Quota1,50,000 shares (aggregating up to ₹1.05 Cr)

Fresh Issue Shares11,52,000 shares (aggregating up to ₹8.06 Cr)

Offer for Sale15,00,000 shares of ₹10 (aggregating up to ₹10.50 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Jainam Ferro Alloys (I) Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Sep 2021.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	150,000	—	₹1.05
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,802,000	100%	₹19.61

IPO Shares Offered

Jainam Ferro Alloys (I) Ltd. IPO total issue size: ₹19.61 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	150,000	₹1.05	5.35%
Total	2,802,000	₹19.61	100.00%

* Based on upper price band ₹70 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹70.00

Upper Band

Min Investment

₹140,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹280,000
Retail (Max — 13 Lots)	13	26,000	₹1,820,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,960,000
B-HNI (Min — 68 Lots)	68	136,000	₹9,520,000

* Issue Price ₹70 × Lot Size 2,000 shares

IPO Schedule

Anchor

27 Sep 2021

✓ Done

IPO Open

28 Sep 2021

✓ Done

IPO Close

30 Sep 2021

✓ Done

Allotment

05 Oct 2021

✓ Done

Refunds

06 Oct 2021

✓ Done

Demat Credit

07 Oct 2021

✓ Done

Listing Day

08 Oct 2021

✓ Done

₹70.00

INR · NSE

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Issue ₹70.00 Live Price

About Jainam Ferro Alloys (I) Ltd.

Jainam Ferro Alloys (I) Limited has been engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese (FeMn) and Silico manganese (SiMn), largely used in the Steel industry. The company also generates revenue from its trading activities of manganese ore, used as a raw material in the manufacturing of Ferro alloys.The company derives the majority of its revenue from Ferro Manganese. The company has its registered office and manufacturing facility at Raipur, Chattisgarh.Competitive StrengthsAdherence to ISO quality standards.Experienced employees with technical expertise.Ideal geographical location for easy access to laborers and raw material suppliers.Focus on a long-term relationship with customers.Strong experienced management.

Objects of the Issue

1 To meet Working Capital requirements

2 General Corporate Purpose

Jainam Ferro Alloys (I) Ltd. Financials (Amount In Crore)

Revenue from Operations

₹132.4

31-Mar-19

₹122.3

31-Mar-20

₹102.5

31-Mar-21

Profit After Tax (PAT)

₹2.9

31-Mar-19

₹0.9

31-Mar-20

₹3.1

31-Mar-21

Particulars	31-Mar-21	31-Mar-20	31-Mar-19
Revenue from Operations	102.52	122.34	132.40
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	3.12	0.86	2.89
Net Worth	N/A	N/A	N/A
Total Assets	52.42	39.19	40.23
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered28,02,000 (100.00%)

Net Offer to Public26,52,000 shares (aggregating up to ₹18.56 Cr)

Reserved for Market Maker1,50,000 shares (aggregating up to ₹1.05 Cr)

Pre-Issue Promoter Holding92,59,200 shares

Post-Issue Promoter Holding1,05,61,200 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Hem Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Jainam Ferro Alloys (I) Ltd. IPO subscribed? ▲

Jainam Ferro Alloys (I) Ltd. IPO is subscribed 1.00 times by Sep 30, 2021. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Jainam Ferro Alloys (I) Ltd. IPO retail subscription status? ▼

The Jainam Ferro Alloys (I) Ltd. IPO retail category is subscribed 1.00 times as of 30 Sep 2021. The retail portion is oversubscribed.

How to subscribe Jainam Ferro Alloys (I) Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Sep 2021 and closes 30 Sep 2021. Min investment: ₹140,000 (1 lot = 2,000 shares). UPI mandate: 2021-09-30.

How many times Jainam Ferro Alloys (I) Ltd. IPO subscribed? ▼

The Jainam Ferro Alloys (I) Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Jainam Ferro Alloys (I) Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Oct 2021. Refunds: on 06 Oct 2021.

When Jainam Ferro Alloys (I) Ltd. IPO will be listed? ▼

The Jainam Ferro Alloys (I) Ltd. IPO listing date is 08 Oct 2021, Friday. Listed on: NSE SME. Issue price: ₹70. Estimated listing: ₹70. GMP: NIL.

When Jainam Ferro Alloys (I) Ltd. IPO close? ▼

The Jainam Ferro Alloys (I) Ltd. IPO closes on 30 Sep 2021, Thursday. UPI mandate: 2021-09-30. Allotment: 05 Oct 2021. Listing: 08 Oct 2021.

Quick Actions

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Live Price LIVE

Last Price₹70.00

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Issue Price₹70.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹70

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹140,000

GMPNIL

Est. Listing₹70

Subscribed1.00x

Open Date28 Sep 2021

Close Date30 Sep 2021

Allotment05 Oct 2021

Listing Date08 Oct 2021

ExchangeNSE SME

UPI Deadline2021-09-30