Jay Bee Laminations IPO: Issue fully subscribed on strong retail demand; check issue size, price band & more

Jay Bee Laminations IPO kicked off subscription with an enthusiastic response from the market on Day 1. The public issue was fully subscribed within hours of opening the bidding window.

Jay Bee Laminations' IPO was booked 1.8 times at around 2:30 PM on Tuesday, August 27. The company received bids for more than 74.79 lakh shares, compared to the 40.78 lakh shares on offer.

Jay Bee Laminations IPO was booked 3.05 times in the retail Investors category, with applications for 63.07 lakh shares against 20.66 lakh shares set aside for the segment.

Non-institutional investors (NIIs) applied for over 11.72 lakh shares against 8.72 lakh shares set aside for the category. The portion reserved for the NIIs was booked 1.3 times.

Jay Bee Laminations Limited IPO offer size, price band, and minimum investment

Jay Bee Laminations Limited IPO is a fixed price offer, aggregating to ₹88.96 crores. It consists of a fresh issue of 45.7 lakh shares worth ₹66.72 crores and an offer for sale of 15.23 lakh shares amounting to ₹22.24 crores

Jay Bee Laminations IPO price band has been fixed at ₹138 to ₹146 per share.

The minimum lot size for an application is 1,000 shares, and retail investors must invest a minimum of ₹1,46,000.

For high networth Individuals (HNIs), the minimum lot size is 2 lots (2,000 shares), with an investment amount of ₹2,92,200.

Jay Bee Laminations Limited IPO dates

Jay Bee Laminations IPO subscription window is open for bidding from August 27 to August 29. The electrical lamination, slotted coil, and completed cores manufacture will finalise the share allotment in the public issue on August 30.

Refunds will be initiated for non-allottees on September 2, and shares will be credited to the demat accounts of successful bidders. Shares of the company are likely to be listed on the NSE platform, Emerge on Tuesday, September 3.

Jay Bee Laminations Limited IPO registrar

Bigshare Services Private Limited is the registrar of Jay Bee Laminations' initial public offering. The company has appointed Swaraj Shares and Securities Private Limited as the book-running lead manager for the issue. The market maker for the Jay Bee Laminations IPO is Shreni Shares Ltd.

Jay Bee Laminations Limited IPO objective

Jay Bee Laminations plans to use the net proceeds from the offering to fund its working capital requirements. Additionally, a significant portion of the money raised in the IPO will be used for general corporate expenses.

About Jay Bee Laminations Limited

Jay Bee Laminations Ltd, established in 1988, specialises in supplying steel cores. The company manufactures electrical laminations, slotted coils, and completed cores for transformers, UPS, and inverters.