IPO Details
Bidding Dates
27 Aug 24 - 29 Aug 24
Price Range ₹
138 - 146
Total Equity
₹ 88.96Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
27 Aug 2024
Offer end
29 Aug 2024
Allotment
30 Aug 2024
Refund initiation
02 Sept 2024
Demat transfer
02 Sept 2024
Listing
03 Sept 2024
Offer start
27 Aug 2024
Offer end
29 Aug 2024
Allotment
30 Aug 2024
Refund initiation
02 Sept 2024
Demat transfer
02 Sept 2024
Listing
03 Sept 2024
About Company
Jay Bee Laminations Ltd, established in 1988, specializes in supplying Cold Rolled Grain Oriented (CRGO) Silicon Steel Cores and Cold Rolled Non-Grain Oriented (CRNGO) Steel Cores. The company produces and supplies a variety of products, including electrical laminations, slotted coils, and assembled cores made from CRGO and CRNGO steel. These products are used in transformers, UPS systems, and inverters, serving the power industry. Jay Bee Laminations operates production facilities spanning 10,878 square meters, equipped with proprietary equipment for cutting, slitting, assembling, and testing CRGO and CRNGO electrical steel cores. The company also boasts an in-house laboratory for testing raw materials and finished products, along with a tooling department dedicated to blade sharpening. These facilities are capable of serving customers manufacturing transformers up to the 220 kV class. As of December 31, 2023, the company had utilized 84% of its installed capacity. The company's customer base primarily consists of manufacturers of power and distribution transformers ranging from 11 kV to 220 kV. As of March 31, 2024, Jay Bee Laminations Ltd employed a total of 277 people.
Year Founded
22-03-1988
Promotor Details
Munish Kumar Aggarwal
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 97 | 70.61 |
| Share Capital | 17457600 | 15934600 |
Offer to Public
60,93,230.00 Cr
Project Details
- Funding our working capital requirements - 430cr
Objectives
- 1) Funding our working capital requirements and2) General Corporate Expenses
Highlights
- Jay Bee Laminations has shown steady revenue growth, increasing from Rs 141.25 crore in FY22 to Rs 302.91 crore in FY24, indicating strong business performance and market demand.
- The company holds ISO 14001:2015 and ISO 45001:2018 certifications, reflecting its commitment to high standards in environmental management and occupational health and safety, which enhances its reputation and operational reliability.
- Jay Bee Laminations emphasizes stringent quality control and safety measures, resulting in a low rejection rate of its products, which underscores the company’s dedication to delivering high-quality steel cores.
- The company’s specialized products cater to transformers, UPS systems, and inverters, positioning it strongly within the power industry and contributing to its robust market presence.
- With well-equipped facilities and a utilization rate of 84% of its installed capacity, Jay Bee Laminations demonstrates operational efficiency and the ability to meet increasing demand effectively.
Challenges
- The reliance on two manufacturing facilities in Noida and Greater Noida makes the company vulnerable to disruptions or slowdowns at these locations, which could impact financial performance.
- The company's business is closely tied to the performance and trends of its user industries. A decline in these industries could reduce demand for its products, negatively affecting revenue.
- A large portion of the company’s revenue comes from domestic sales in India, making it susceptible to fluctuations in the Indian economy and economic conditions.
- The concentration of domestic sales in the northern and southern regions of India, including SEZs, means that negative developments in these areas could significantly impact the company’s business.
- With total outstanding borrowings of Rs 24.16 crore as of March 31, 2024, any difficulties in servicing or repaying this debt could adversely affect the company's financial stability and performance.
