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Jainam Ferro Alloys (I) Limited IPO

Jainam Ferro Alloys (I) Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
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Subscription:
Listed Price: ₹ 73.00 (+4.29%)

Jainam Ferro Alloys (I) Limited's successfully completed its Initial Public Offering and commenced trading on 08-10-2021 at the NSE exchange. The company raised 28,02,000 Shares through this public offering, comprising 13,02,000 Shares in fresh capital and ₹10.50 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹70 to ₹70, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from 28-09-2021 to 30-09-2021.

Share allotment was finalized on 05-10-2021, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Jainam Ferro IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Jainam Ferro IPO Key Performance Indicator
Company Financials ( In Lakhs )

Jainam Ferro IPO About Company

Jainam Ferro Alloys (I) Limited is involved in making two key types of Ferro Alloys — Ferro Manganese (FeMn) and Silico Manganese (SiMn), which are mainly used in the steel industry. The company also earns from trading manganese ore, which is a key raw material for producing these alloys. Most of the company’s revenue comes from Ferro Manganese. Its head office and manufacturing unit are located in Raipur, Chhattisgarh.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Jainam Ferro IPO Strength Factors

Follows ISO quality standards to ensure top-notch products

Skilled and experienced team with strong technical know-how

Strategic location with easy access to both labor and raw materials

Committed to building long-term relationships with customers

Led by a strong and experienced management team


Jainam Ferro IPO Risk Factors

NA


Jainam Ferro IPO Lead Manager(s)

  • Hem Securities Limited

Jainam Ferro IPO Promoter(s)

  1. Mr. Archit Parakh
  2. Mr. Aditya Parakh

Jainam Ferro IPO Company Details

Jainam Ferro Alloys (I) Limited
Phone:
address:

Jainam Ferro IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

Jainam Ferro IPO FAQs