Latest insights on the Jay Bee Laminations IPO, including key dates, price range, allotment status, and more
Jay Bee Laminations has published that its IPO is going to be open on 27th August 2024 and will end on 29th August. It is a premier manufacturer of high-quality electrical laminations for transformers, motors, and other electromagnetic devices. It aims to gather INR 88.96 crore with a price range of INR 138 to INR 146 per share, a face value of INR 10 per share, and a market lot of 1,000 shares.
Table of Contents
- Company Overview
- Company Strategy
- Details on IPO Date and Price Band
- IPO Objective
- Market Lot Information on Jay Bee Laminations IPO
- Allotment Dates for Jay Bee Laminations IPO
- Application Process of IPO
- Financial Analysis of Company
- IPO Valuation
- Competitor Analysis
- Promoters And Management
- Registrar for Jay Bee Laminations IPO
- Offer Lead Manager
- Company Address
Company Overview
Jay Bee Laminations is one of the leading manufacturers of electrical laminations and components that are needed in different industrial applications. Launched with a clear vision of accuracy and reliability, the company manufactures laminations for transformers, motors, and other electromagnet printing applications. The company has facilities that incorporate modern technology to calibrate the laminations’ efficiency and durability and focuses on leveraging quality and creativity to satisfy its numerous clients to gain a competitive advantage in the electrical component lamination and manufacturing market.
Company Strategy
Jay Bee Laminations aims to improve its market position within the laminations industry by tackling financial issues and making management improvements. The current customer base and experienced management of Jay Bee Laminations help to capitalize on the growth opportunity while bearing in mind the risks that come with high customer dependence and a lack of product differentiation. This strategic plan is geared towards ensuring that sustained growth is achieved while it continues to enjoy a competitive advantage in the industry. Additionally, the company intends to use the IPO funds to increase working capital and meet corporate requirements to become more responsive to market challenges.
Details on IPO Date and Price Band
| IPO Open: | August 27, 2024 |
| IPO Close: | August 29, 2024 |
| IPO Size: | Approx INR 88.96 Crores (60,93,230 Equity Shares) |
| Fresh Issue: | Approx INR 66.72 Crores (45,69,930 Equity Shares) |
| Offer for Sale: | Approx INR 22.24 Crores (15,23,300 Equity Shares) |
| Face Value: | INR 10 Per Equity Share |
| IPO Price Band: | INR 138 to INR 146 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
IPO Objective:
Jay Bee Laminations aims for an IPO to get additional funds for improving its manufacturing capacity, funding new production lines, technology acquisitions, and expanding production capacities. The funds will also be spent on the addition of new distribution centers and financing research and development efforts to offer new and enhanced products. Further, the IPO will decrease the firm’s reliance on debt and provide financial strength for better future growth and market standing for the firm in its line of electrical components.
Market Lot Information on Jay Bee Laminations IPO
The lot size and corresponding amounts are as follows:
- Retail Minimum: 1 lot (1,000 shares) for INR 1,46,000
- Retail Maximum: 1 lot (1,000 shares) for INR 1,46,000
- S-HNI Minimum: 2 lots (2,000 shares) for INR 2,92,000
Allotment Dates for Jay Bee Laminations IPO
Jay Bee Laminations IPO open date is August 27 and the IPO close date is August 29. The IPO allotment date is August 30 and the listing date is September 3.
| IPO Open Date: | August 27, 2024 |
| IPO Close Date: | August 29, 2024 |
| Basis of Allotment: | August 30, 2024 |
| Refunds: | September 2, 2024 |
| Credit to Demat Account: | September 2, 2024 |
| IPO Listing Date: | September 3, 2024 |
Application Process of IPO
The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Jay Bee Laminations. On the other hand, the IPO forms are also available for download on the NSE websites which the candidates can fill and submit.
Financial Analysis of the Company
Financials in INR Crores.
| Year | Revenue | Expense | PAT |
| 2022 | 141.67 | 134.09 | 5.72 |
| 2023 | 247.49 | 229.17 | 13.60 |
| 2024 | 303.50 | 277.42 | 19.35 |
Jay Bee Laminations shows strong financial performance with consistent growth. In 2022, the company generated revenue of INR 141.67 crores with expenses of INR 134.09 crores, resulting in a PAT of INR 5.72 crores. Revenue rose to INR 247.49 crores in 2023, with expenses increasing to INR 229.17 crores, leading to a PAT of INR 13.60 crores. For 2024, revenue further climbed to INR 303.50 crores, expenses to INR 277.42 crores, and PAT to INR 19.35 crores. This upward trend reflects effective cost management and operational efficiency, positioning the company favorably for continued growth.
IPO Valuation (FY 2024)
The company’s EPS stands at a value of INR 10.75 with a Return on Net Worth (RoNW) of 30.81% and a Net Asset Value (NAV) per share of INR 34.90 in the financial year 2024. The IPO price band ranges from INR 138 to INR 146 with the issues of 60,93,230 equity shares to raise INR 88.96 crore and face value INR 10 per share to raise capital for enhancing manufacturing capabilities, expanding facilities, investing in technology, and reducing debt to drive sustained growth and competitive advantage.
| Earnings Per Share (EPS): | INR 10.75 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 30.81% |
| Net Asset Value (NAV): | INR 34.90 per Equity Share |
Competitor Analysis
Here is the competitor of Jay Bee Laminations:
Vilas Transcore Limited
Vilas Transcore Limited is an Indian company that deals with the production of core and winding materials used in electrical transformers and motors. Being created with the primary intent of ensuring the accuracy of the product and its interaction with the environment, its entire product range has been designed to meet the highest level of industrial requirements. With its base of operations in India, Vilas Transcore employs state-of-the-art manufacturing facilities to provide a high-performance, dependable product. Innovation and customer focus to ensure that the firm becomes a leading electrical component manufacturer that targets the domestic and international markets.
Promoters And Management
- Mr. Munish Kumar Aggarwal
- Mr. Mudit Aggarwal
- Mrs. Sunita Aggarwal
Offer Lead Manager
Swaraj Shares and Securities Private Limited
Swaraj Shares and Securities Private Limited is an established player in the financial services industry with a focus on investment advisory, stock broking, and wealth management. It is an investment company operating in India with expertise in equity trading services as well as personalized portfolio services for individual and institutional customers. The vision of Swaraj Shares and Securities is to offer clients unique solutions and services by understanding their specific needs and the prevailing marketplace to assist in the achievement of long-term objectives in the investment field.
Conclusion
The IPO of Jay Bee Laminations is a viable chance for investors to participate in the expanding electrical laminations sector. Situated for future expansion, the company has a solid financial history and a strategic focus on increasing manufacturing capacity. The INR 88.96 crore that the IPO seeks to raise would go toward increasing manufacturing capacity and paying down debt. Before making an investment decision, prospective investors should carefully analyze the company’s performance and market prospects as the IPO opens on August 27, 2024.
