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Jay Bee Laminations IPO Review, Valuation, Date & GMP

Jay Bee Laminations Ltd. is set to launch its SME IPO on August 27, 2024. This book-built issue aims to raise Rs. 88.96 crore. Established in 1988, the company specializes in the supply of cold-rolled non-grain-oriented (CRNGO) and cold-rolled grain-oriented (CRGO) silicon steel cores, essential for the power industry.

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Jay Bee Laminations IPO Review, Valuation, Date & GMP

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  1. Jay Bee Laminations IPO: Review, Date & GMP Jay Bee Laminations Ltd. is set to launch its SME IPO on August 27, 2024. This book-built issue aims to raise Rs. 88.96 crore. Established in 1988, the company specializes in the supply of cold-rolled non- grain-oriented (CRNGO) and cold-rolled grain-oriented (CRGO) silicon steel cores, essential for the power industry. Jay Bee Laminations produces electrical laminations, slotted coils, and assembled cores used in transformers, UPSs, and inverters. The company's 10,878 square meter facility is equipped with advanced machinery for core cutting, slitting, assembly, and testing, ensuring top-quality products. They also have a dedicated tooling department and testing laboratory. As of December 31, 2023, the company utilized 84% of its installed capacity. Their customer base includes manufacturers of power and distribution transformers, with voltage levels ranging from 11 to 220 kV. IPO Details: IPO Date: August 27-29, 2024 Listing Date: September 3, 2024 Issue Size: Rs. 88.96 crore Price Band: Rs. 138-146 per share Fresh Issue: 45.7 lakh shares (Rs. 66.72 crore)

  2. O?er for Sale (OFS): 15.23 lakh shares (Rs. 22.24 crore) Listing: NSE and SME Minimum Investment: 1 Lot (1,000 shares) Financial Highlights: Total Assets (FY24): Rs. 13,091.32 lakh Total Revenue (FY24): Rs. 30,349.56 lakh Net Worth (FY24): Rs. 6,281.44 lakh PAT (FY24): Rs. 1,935.27 lakh Key Strengths: Established track record in the sector Strong operational and financial performance Long-term relationships with customers and suppliers Risks: High dependence on the northern and southern regions for domestic sales Negative cash flow in investing and financing activities over the past three years IPO GMP: As of August 24, 2024, the IPO GMP is Rs. 85, suggesting an estimated listing price of Rs. 231. Investment Consideration: With a P/E ratio of 13.58x, compared to the industry average of 67x, Jay Bee Laminations IPO appears undervalued, making it an attractive option for investors.

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