Jay Bee Laminations IPO allotment: Steps to check status on NSE, Bigshare Services

The allotment of shares in Jay Bee Laminations IPO is expected to be finalised today, August 30. The NSE SME issue closed subscriptions with a robust demand during the three-day bidding window closing on Thursday, August 29.

Jay Bee Laminations Ltd received bids for more than 48.34 crore shares against 40.78 lakh shares offered in the IPO, resulting in an oversubscription of 118.54 times.

The retail category was booked 96.48 times whereas the Non-Institutional Investors (NIIs) portion was booked 231.18 times. Qualified Institutional Buyers (QIBs) subscribed to their allocation 72.35 times.

Investors who participated in Jay Bee Laminations IPO subscription can check the share allotment status online on the websites of the issue’s registrar Bigshare Services Pvt Ltd and NSE.

Steps to check Jay Bee Laminations IPO share allotment status on NSE

• Go to the NSE IPO allotment status page through the link www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your username and password. Create a new registration if you haven’t registered on the NSE website.
• Select Jay Bee Laminations from the drop-down menu.
• Verify your PAN number.
• Type in your IPO application Number.
• Click on Submit to view the allotment details.

Here’s how to check Jay Bee Laminations IPO share allotment on the registrar's website

• Go to the Bigshare Services website — https://www.bigshareonline.com/ipo_allotment.html
• Go to the dropdown menu, select ‘Jay Bee Laminations’
• Type in your PAN number, application number, or DP Client ID
• Click the ‘Search’ button to view your allotment status

After finalising the share allotment status, the company will initiate refunds for non-allottees on Monday, September 2. Shares will also be credited to the demat accounts of successful bidders on the same day. Jay Bee Laminations shares are set to debut on the NSE SME platform on September 3.

Jay Bee Laminations IPO offer size

Jay Bee Laminations IPO is a ₹88.96 crore book-built issue consisting of a fresh issue of 45.7 lakh shares to raise ₹66.72 crore. The IPO also has an offer-for-sale component of 15.23 lakh shares aggregating ₹22.24 crore.

Jay Bee Laminations IPO: Price band, lot size

Jay Bee Laminations IPO price band has been fixed in the range of ₹138 to ₹146 per share. Retail investors could have submitted their bids in the public offer with a minimum lot size of 1,000 shares, aggregating to an investment of ₹1,46,000.

Jay Bee Laminations IPO objective

Jay Bee Laminations plans to use the money raised via the public issue to fund the company’s working capital requirements and other general corporate expenses.

About Jay Bee Laminations

Established in 1988, Jay Bee Laminations Ltd is a supplier of steel Cores. The company employed 277 people as of March 31, 2024.