Jay Bee Laminations IPO description – Jay Bee Laminations manufactures and supplies range of products such as electrical laminations, slit coils, and assembled cores made of Cold Rolled Grain Oriented (CRGO) Silicon Steel and Cold Rolled Non-Grain Oriented (CRNGO) Steel for applications in transformers, UPS, and inverters, for end-use in power industry. The company’s two (2) manufacturing units in NOIDA are spread across total area of 10,878 sq mt.
It also has in-house laboratory for raw material and finished goods sample testing and in-house tooling division for blade sharpening. Its current facilities are well-equipped to serve customer manufacturing transformers up to 220 kV class. As on December 31, 2023, the company’s capacity utilization stood at 84% of its installed capacity.
Jay Bee Laminations IPO Details
| Jay Bee Laminations IPO Dates | 27 – 29 August 2024 |
| Jay Bee Laminations Issue Price | INR 138 – 146 per share |
| Fresh issue | 60,93,000 shares (INR 84.08 – 88.96 crore) |
| Offer For Sale | NIL |
| Total IPO size | 60,93,000 shares (INR 84.08 – 88.96 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 1,46,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
The company’s clientele encompasses manufacturers producing transformers in the range of 11kVto 220 kV class, spanning Power and Distribution transformers. The quality of these transformers relies significantly on the raw materials used in their manufacturing, with the CRGO steel core accounting for 25-30% of the transformer’s total cost depending on the size of the transformer.
Jay Bee Laminations Financial Performance
FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 74.97 | 141.25 | 246.66 | 230.70 |
| Expenses | 77.47 | 134.09 | 229.17 | 211.38 |
| Net income | (1.98) | 5.72 | 13.60 | 14.61 |
Jay Bee Laminations IPO Dates & Listing Performance
| IPO Opening Date | 27 August 2024 |
| IPO Closing Date | 29 August 2024 |
| Finalization of Basis of Allotment | 30 August 2024 |
| Initiation of refunds | 2 September 2024 |
| Transfer of shares to demat accounts | 2 September 2024 |
| IPO Listing Date | 3 September 2024 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
