Jainam Ferro Alloys IPO is all set to make its debut on 28th sept 21 with 10.50 Cr is primarily undertakes refining and preservation of Edible oils.
Jainam Ferro Alloys IPO – overview
| IPO Dates | 28-30 sept 2021 |
| IPO Price | INR 70 per share |
| Fresh issue | 1,302,000 shares (INR 9.11 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,500,000 shares (INR 10.50 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Jainam Ferro Alloys IPO – Tentative Dates
| IPO Offer Opening Date | 28 Sept 2021 |
| IPO Closing Date | 30 Sept 2021 |
| Finalization of Basis of Allotment | 05 Oct 2021 |
| Initiation of refunds | 06 Oct 2021 |
| Transfer of shares to demat accounts | 07 Oct 2021 |
| IPO Listing Date | 08 Oct 2021 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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 derives most of its revenue from Ferro Manganese. The company has its registered office and manufacturing facility at Raipur, Chhattisgarh.
Industry Overview
Ferroalloys are a group of materials composed of iron and one or more additional elements which are usually used as addition agents primarily in the manufacture of steel. Ferroalloys are incorporated into the molten stage of the steelmaking process f the purpose of producing specific properties in the steel [1]. The focus of this paper is to review the structure and trends in bulk ferroalloys — ferrochromium (FeCr), ferromanganese (FeMn), ferrosilicon (FeSi), and silicomanganese (SiMn) — in North America. The markets for the bulk alloys like high-carbon ferromanganese, silicomanganese, ferrosilicon and high-carbon ferrochrome showed varied responses to the fluctuations in steel and stainless-steel production which seem to have influence as per the different circumstances that prevailed in different markets.
Competitive Strengths:
- Adherence 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.
Objectives of the issue
- Meet working capital requirements.
- Meet issue expenditures.
- General corporate purposes.
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 524.18 | 391.94 | 402.28 |
| Total Revenue | 1025.17 | 1223.36 | 1323.97 |
| Profit After Tax | 31.17 | 8.64 | 28.85 |
Company Contact Information
Jainam Ferro Alloys (I) Limited
Plot No. 103 to 113 & 130 to 136/A & 137,
Urla Industrial Area, Raipur,
Chhattisgarh – 492003, India
Phone: 771 4700109
Email: cs@jainamferro.com
Website: http://www.jainamferro.com/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
