Jay Bee Laminations IPO subscription status started on August 27, 2024, and will close on August 29, 2024. The company aims to raise approximately ₹88.96 crore via this IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹138 to ₹146 per equity share.
The IPO consists of a minimum market lot of 1000 Shares requiring an application amount of ₹1,46,000. Jay Bee Laminations is an SME IPO, and it will be listed on the NSE.
Table of contents
IPO Overview
Founded in 1988, Jay Bee Laminations Limited has steadily grown into a leading manufacturer and supplier of electrical laminations, slit coils, and assembled cores. Initially, the company focused on leveraging Cold Rolled Grain Oriented (CRGO) Silicon Steel and Cold Rolled Non-Grain Oriented (CRNGO) Steel. Consequently, these high-quality components are now widely used in transformers, UPS systems, and inverters within the power industry. As a result, Jay Bee Laminations Limited has established a strong reputation for reliability and excellence in the sector.
Spanning a total area of 10,878 square meters, the company is well-equipped with in-house facilities for slitting, cutting, assembling, and testing. Moreover, Jay Bee Laminations Limited boasts a dedicated laboratory for testing both raw materials and finished goods. Complementing these resources, they have a specialized division for blade-sharpening tools. Furthermore, their primary focus remains on delivering high-quality CRGO electrical steel cores to transformer manufacturers, ensuring adherence to the stringent quality standards set by the Bureau of Indian Standards (BIS). Given that transformer quality heavily relies on raw materials, CRGO steel cores contribute significantly, accounting for 25-30% of the overall cost of a transformer.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Jay Bee Laminations IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 72.35 |
| NII | 3.33 | 15.91 | 230.10 |
| RII | 8.88 | 32.06 | 87.88 |
| Total | 5.21 | 19.64 | 113.95 |
Jay Bee Laminations IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Jay Bee Laminations IPO Form
To apply for the Jay Bee Laminations IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on August 27, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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