Jay Bee Laminations IPO Launches August 27: Key Details and Price Band Set at ₹138-146, Check Today’s GMP

The initial public offering (IPO) for Jay Bee Laminations will open for subscription on Tuesday, August 27, and close on Thursday, August 29. The IPO price band is set at ₹138-146 per share, with a face value of ₹10. Investors can bid for a minimum of 1,000 shares and in multiples of 1,000 thereafter. The floor price is 13.8 times the face value, and the cap price is 14.6 times the face value of the equity shares.

What Jay Bee Laminations Does

Jay Bee Laminations manufactures and supplies various products for the power industry, including electrical laminations, slit coils, and assembled cores made from cold-rolled silicon steel and non-grain-oriented steel. These materials are used in transformers, UPS systems, and inverters.

The company’s production facilities cover 10,878 square meters and are equipped with tools for slitting, cutting, assembling, and testing electrical steel cores. They also have a section for sharpening blades and a laboratory for testing raw materials and finished products. The company focuses on producing high-quality electrical steel cores to meet the needs of power and distribution transformers. They have the capacity to manufacture transformers up to 220 kV class, and as of March 31, 2024, they were using 83% of their installed capacity.

Financial Performance

In the fiscal year ending March 31, 2024, Jay Bee Laminations saw its profit after tax (PAT) increase by 42% and its revenue grow by 23% compared to the previous year.

IPO Structure and Use of Proceeds

The Jay Bee Laminations IPO aims to raise ₹88.96 crore. This includes a fresh issue of shares worth ₹88.96 crore and an offer-for-sale of 1,523,000 shares by the promoter. The company plans to use the funds from the fresh issue to cover working capital needs and general corporate expenses.

IPO Management

Bigshare Services Pvt Ltd is the registrar for the IPO, and Swaraj Shares and Securities Private Limited is the lead manager. Shreni Shares is acting as the market maker for the IPO.

Jay Bee Laminations IPO GMP Today

The Grey Market Premium (GMP) for Jay Bee Laminations’ IPO is currently +₹45. This suggests that shares are trading at a ₹45 premium in the grey market. Based on the upper end of the IPO price band and the current GMP, the expected listing price of Jay Bee Laminations shares could be ₹191 per share, which is 30.82% higher than the IPO price of ₹146.

The GMP reflects investors’ willingness to pay more than the issue price for the shares.