Jainam Ferro Alloys IPO 2021 – Price, Allotment, Listing & Details
Jainam Ferro Alloys IPO was a fixed-price SME IPO that opened on 28 September 2021 and closed on 30 September 2021. Jainam Ferro Alloys (I) Limited offered its shares at a fixed IPO price of ₹70 per share. The total issue size was approximately ₹19.61 crore.
Jainam Ferro Alloys is engaged in the manufacturing of Ferro Manganese (FeMn) and Silico Manganese (SiMn), which are primarily used in the steel industry. The company also trades in manganese ore, an important raw material used in ferro-alloy production.
Important: Jainam Ferro Alloys IPO was completed in 2021 and the company is now a listed SME company. The information below is provided as historical IPO information.
Read Also: Jainam Ferro Alloys IPO Subscription Status
Jainam Ferro Alloys IPO Overview
| Company Name | Jainam Ferro Alloys (I) Limited |
| IPO Status | Closed / Listed |
| IPO Open Date | 28 September 2021 |
| IPO Close Date | 30 September 2021 |
| IPO Type | Fixed Price Issue – SME |
| IPO Price | ₹70 per share |
| Face Value | ₹10 per share |
| Fresh Issue | 13,02,000 Equity Shares – ₹9.11 Crore |
| Offer for Sale | 15,00,000 Equity Shares – ₹10.50 Crore |
| Total Issue Size | 28,02,000 Equity Shares – ₹19.61 Crore |
| IPO Lot Size | 2,000 Shares |
| Minimum Investment | ₹1,40,000 |
| Listing Exchange | NSE Emerge SME |
| Listing Date | 08 October 2021 |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Hem Securities Limited |
Jainam Ferro Alloys IPO Price
The Jainam Ferro Alloys IPO price was fixed at ₹70 per equity share. The face value of each equity share was ₹10.
The company offered a total of 28.02 lakh equity shares through the IPO. This included 13.02 lakh fresh equity shares and 15 lakh shares through the Offer for Sale (OFS).
Jainam Ferro Alloys IPO Issue Size
| Issue Component | Shares | Amount |
|---|---|---|
| Fresh Issue | 13,02,000 | ₹9.11 Crore |
| Offer for Sale | 15,00,000 | ₹10.50 Crore |
| Total | 28,02,000 | ₹19.61 Crore |
Jainam Ferro Alloys IPO Market Lot
The Jainam Ferro Alloys IPO lot size was 2,000 shares. At the IPO price of ₹70 per share, investors had to apply for a minimum of ₹1,40,000.
| Application | Lots | Shares | Investment |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,40,000 |
| Maximum | 1 | 2,000 | ₹1,40,000 |
Jainam Ferro Alloys Business
Jainam Ferro Alloys (I) Limited is a ferro-alloy manufacturer based in Raipur, Chhattisgarh. The company manufactures ferro alloys that are primarily used in the steel industry.
Major Products
- Ferro Manganese (FeMn)
- Silico Manganese (SiMn)
- Manganese Ore Trading
Ferro manganese and silico manganese are used in steel manufacturing because manganese helps improve important properties of steel. Manganese ore is also used as a raw material in the production of ferro alloys.
Jainam Ferro Alloys IPO Allotment Date
The Jainam Ferro Alloys IPO allotment date was 05 October 2021. Refunds were initiated on 06 October 2021, while shares were scheduled to be credited to eligible investors’ Demat accounts on 07 October 2021.
| Allotment Date | 05 October 2021 |
| Refund Initiation | 06 October 2021 |
| Demat Credit | 07 October 2021 |
| Listing Date | 08 October 2021 |
Jainam Ferro Alloys IPO Listing Date
The Jainam Ferro Alloys IPO listing date was 08 October 2021. The company’s equity shares were listed on the NSE Emerge SME platform.
Jainam Ferro Alloys IPO GMP
Jainam Ferro Alloys IPO GMP refers to the grey market premium that was quoted before the company’s IPO listing in 2021. Since the IPO is already completed and the company is listed, the historical IPO GMP should not be interpreted as a current market premium.
For the latest IPO grey market premium information, visit our IPO GMP page.
Jainam Ferro Alloys Financial Performance
Financial performance is an important factor when evaluating a company after its IPO. Investors should consider revenue, profitability, earnings growth, debt, margins and cash flows rather than relying only on the original IPO financial figures.
| Financial Year | Revenue | Profit After Tax |
|---|---|---|
| FY2022 | ₹200.06 Crore | ₹28.02 Crore |
| FY2023 | ₹255.41 Crore | ₹23.25 Crore |
| FY2024 | ₹189.69 Crore | ₹6.07 Crore |
| FY2025 | ₹221.39 Crore | ₹10.73 Crore |
| FY2026 | ₹205.61 Crore | ₹6.74 Crore |
Financial figures should be cross-checked with the company’s latest exchange filings and annual reports before making investment decisions.
Jainam Ferro Alloys IPO Registrar
The registrar for the Jainam Ferro Alloys IPO was Bigshare Services Pvt. Ltd.
Bigshare Services Pvt. Ltd.
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East,
Mumbai – 400059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Jainam Ferro Alloys Company Contact Details
Jainam Ferro Alloys (I) Limited
Plot No. 130-137, Sector C,
Urla Industrial Area,
Raipur, Chhattisgarh, India
Phone: +91 0771-4700109
Website: Jainam Ferro Alloys Official Website
Jainam Ferro Alloys IPO Lead Manager
Hem Securities Limited was the lead manager to the Jainam Ferro Alloys IPO.
Jainam Ferro Alloys IPO Important Links
- Jainam Ferro Alloys IPO Subscription Status
- Latest IPO GMP
- IPO Subscription Status
- Latest IPO News & IPO Updates
Jainam Ferro Alloys IPO FAQ
When was Jainam Ferro Alloys IPO open?
Jainam Ferro Alloys IPO opened on 28 September 2021 and closed on 30 September 2021.
What was the Jainam Ferro Alloys IPO price?
The Jainam Ferro Alloys IPO price was fixed at ₹70 per share.
What was the Jainam Ferro Alloys IPO issue size?
The total issue size was approximately ₹19.61 crore.
What was the Jainam Ferro Alloys IPO lot size?
The Jainam Ferro Alloys IPO lot size was 2,000 shares. The minimum investment at the IPO price was ₹1,40,000.
When was Jainam Ferro Alloys IPO allotment?
The Jainam Ferro Alloys IPO allotment date was 05 October 2021.
When was Jainam Ferro Alloys IPO listing?
The Jainam Ferro Alloys IPO listing date was 08 October 2021 on the NSE Emerge SME platform.
Who was the registrar of Jainam Ferro Alloys IPO?
Bigshare Services Pvt. Ltd. was the registrar of the Jainam Ferro Alloys IPO.
What does Jainam Ferro Alloys do?
Jainam Ferro Alloys manufactures Ferro Manganese and Silico Manganese, which are primarily used in the steel industry. The company also trades in manganese ore.
Is Jainam Ferro Alloys IPO still open?
No. The Jainam Ferro Alloys IPO was completed in September 2021 and the company’s shares were listed on NSE Emerge SME on 08 October 2021.
Where can I check Jainam Ferro Alloys IPO subscription status?
Historical IPO subscription information is available on our Jainam Ferro Alloys IPO Subscription Status page.
Where can I check the latest IPO GMP?
You can check the latest available IPO grey market premium information on our IPO GMP page.
