Jay Bee Laminations IPO Subscription Status

Jay Bee Laminations IPO - Day 3 Subscription at 32.18 Times

Jay Bee Laminations IPO will close on 29th August 2024. Shares of Jay Bee Laminations will likely be listed on 3rd September on NSE SME platform. As of 29th August 2024, Jay Bee Laminations IPO received bids for 13,12,47,000 shares much more than the 40,78,000 shares offered. This means Jay Bee Laminations IPO was oversubscribed 32.18 times by the end of day 3.

Here are the subscription details for Jay Bee Laminations IPO as of Day 3 (29th August 2024 at 11:43:59 AM):

Jay Bee Laminations IPO subscription was mainly driven by retail investors on day 3, followed by HNI / NII investors. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor investor and market-making segments of the IPO.

QIBs are large institutional investors, such as mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Jay Bee Laminations IPO for Days 1, 2, and 3:

On day 1, Jay Bee Laminations IPO was subscribed 5.21 times. By day 2, the subscription status had risen to 19.64 times; on day 3, it reached 32.18 times.

Here are the subscription details for Jay Bee Laminations IPO by category as of Day 3:

Jay Bee Laminations's IPO received a varied response from different investor categories. The Anchor Investor and Market Maker portions were fully subscribed at 1 time each. Qualified Institutions subscribed 10.46 times, Non-Institutional Investors (NIIs) subscribed 30.71 times, while Retail Investors subscribed 44.79 times. Overall, Jay Bee Laminations IPO was subscribed 32.18 times on Day 3.

Jay Bee Laminations IPO - Day 2 Subscription at 19.64 Times

Jay Bee Laminations' IPO will close on 29th August 2024. Shares of Jay Bee Laminations will likely be listed on 3rd September on the NSE SME platform. As of 2th August 2024, bids for 8,00,93,000 shares, much more than the 40,78,000 shares offered, were received. This means the IPO was oversubscribed 19.64 times by the end of day 2.

Here are the subscription details for Jay Bee Laminations IPO as of Day 2 (28th August 2024 at 5:00 pm):

Jay Bee Laminations IPO subscription was mainly driven by retail investors on day 2, followed by HNI / NII investors. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor investor and market-making segments of the IPO.

QIBs are large institutional investors, such as mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Jay Bee Laminations IPO by category as of Day 2:

On day 1, Jay Bee Laminations IPO was subscribed 5.21 times. By day 2, the subscription status had risen to 19.64 times. Qualified Institutions portion remained unsubscribed, Non-Institutional Investors (NIIs) subscribed 15.91 times, while Retail Investors subscribed 32.06 times. Overall, Jay Bee Laminations IPO was subscribed 19.64 times on Day 2.

Jay Bee Laminations IPO - Day 1 Subscription at 5.21 Times

Jay Bee Laminations IPO will close on 29th August 2024. Shares of Jay Bee Laminations Limited are likely to be listed on 3rd September 2024. Shares of Jay Bee Laminations Limited will make a trading debut on the NSE SME platform. On 27th August 2024, Jay Bee Laminations IPO received bids for 2,12,46,480 shares, much more than the 40,78,000 shares available. This means that Jay Bee Laminations IPO was subscribed 5.21 times by the end of Day 1.

Here are the subscription details for Jay Bee Laminations IPO as of Day 1 (27th August 2024 at 5:00 pm):

Jay Bee Laminations IPO subscription was mainly driven by retail investors, followed by Non-Institutional Investors (NIIs). The overall subscription numbers exclude the IPO's anchor investor and market-making segments.

Here are the subscription details for Jay Bee Laminations IPO by category as of Day 1:

On day 1, Jay Bee Laminations IPO was subscribed 5.21 times. The Qualified Institutions portion remained unsubscribed, Non-Institutional Investors (NIIs) subscribed 3.33 times, and Retail Investors 8.88 times. Overall, the IPO was subscribed 5.21 times.

About Jay Bee Laminations Limited

Jay Bee Laminations Ltd. was established in 1988 and is active in the supply of Cold-Rolled Grain-Oriented Silicon Steel (CRGO) Cores and Cold-Rolled Non-Grain-Oriented (CRNGO) Steel Cores.

The company manufactures and supplies a range of products, including electrical laminations, slotted coils, and assembled cores in cold-rolled grain-oriented silicon steel and cold-rolled non-grain-oriented steel, for use in transformers, UPSs, and inverters in the power industry.

The company's production facilities, which cover a total area of 10,878 square metres, are equipped with proprietary equipment for cutting, slitting, assembling, and testing CRGO and CRNGO electrical steel cores. The company also has its own laboratory for testing raw materials and finished products and its own tooling department for sharpening blades.As of 31st March 2024, the company employed 277 people.

Highlights of the Jay Bee Laminations IPO

• IPO type: Book Built Issue
• IPO size: ₹88.96 crores
• Fresh issue: 45.7 lakh shares aggregating to ₹66.72 crores
• Offer for Sale: 15.23 lakh shares aggregating to ₹22.24 crores
• Face value: ₹10 per share
• Price band: ₹138 to ₹146 per share
• Lot size: 1000 shares
• Minimum investment for retail investors: ₹146,000
• The minimum investment for HNI: 2 lots (2,000 shares), ₹292,000
• Listing at: NSE SME
• IPO opens: 27th August 2024
• IPO closes: 29th August 2024
• Allotment date: 30th August 2024
• Listing date: 3rd September 2024
• Registrar: Bigshare Services Pvt Ltd
• Book Running Lead Manager: Swaraj shares and securities private limited