Set up in 1988, Jay Bee Laminations is an SME that manufactures electrical laminations, slit coils, and assembled cores for electrical transformers, UPS, and inverters in the power industry.
The company is based in Patel Nagar, New Delhi and owns facilities for slitting, cutting, assembling, and testing the products. According to reports, one of its focus areas is to supply CRGO (cold rolled grain oriented) electrical steel cores to transformer manufacturers.
Jay Bee Laminations IPO
Jay Bee Laminations has set a target to raise Rs 88.96 crore from the market by selling fresh shares as well as shares from the promoters. While 4,569,930 equity shares worth Rs 66.72 crore will be offered, the OFS (offer for sale) part will be for 1,523,300 equity shares worth Rs 22.24 crore. The money will be used for founding working capital requirements and other corporate needs.
Jay Bee Laminations IPO Price, GMP
For each share that carries a face value of Rs 10, the price band has been fixed at Rs 138-146. The quota for retail investors is 35% of the offer. According to reports, the GMP is Rs 65 on August 24, 2024, investorgain reported.
Marketable lot
Retail investors can apply for 1,000 shares, the cost of which will be Rs 1.46 lakh at a maximum. They cannot apply for more. For the HNIs, the bid lot is just double the number of shares. One can apply online to bid for the shares of this company.
Significant dates
While the bid for buying shares will be open between August 27 and 29, the allotment is supposed to take place on August 30. The listing is expected on September 3.
Company financials
Jay Bee Laminations has made profits for the past 3 years. In FY22, it made a net profit of Rs 5.72 crore on a revenue of Rs 141.67 crore. In FY23, it rose to 13.60 crore on a revenue of Rs 247.49 crore and in FY24, the company rakes in net profits of Rs 19.35 crore on a revenue of Rs 303.50 crore. The company’s total borroing stood at Rs 2,4.16 crore, Rs 3,1.43 crore and Rs 2,6.93 crore in FY24, FY23 and FY22 respectively.
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Jay Bee Laminations IPO: This is an IPO from the SME segment of the NSE and one can place bids between August 17 and 29, 2024. The products of the company is used in the power industry. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
