Jainam Ferro Alloys (I) Limited IPO Allotment Date : Share, Stock Price, GMP, Review, Details
Jainam Ferro Alloys (I) Limited is among India’s leading manufacturers and exporters of niche value-added manganese alloys. The company has emerged as a reputed provider of customised manganese alloys to large and growing steel companies the world over
The Company is having sub merged arc furnaces which is the basic infrastructure for a FERRO ALLOY INDUSTRY.
Continually enhance our customers’ ability to deliver products that improve the world around us, presenting new avenues for growth in markets worldwide.
PRODUCTS
- Ferro Manganese Slag
- High Carbon Ferro Manganese
- High Carbon Silico Manganese
Jainam Ferro Alloys (I) Ltd
– Hem Securities Ltd
Initial public offer of 28,02,000 equity shares of face value of Rs. 10.00/- each (Equity Shares) of Jainam Ferro Alloys (I) Limited (JFAIL or the Company or the Issuer) for cash at a price of Rs. 70/- per equity share including a share premium of Rs. 60/- per equity share (The Offer Price) aggregating to Rs. 19.61 crores (The Offer) comprising of a fresh issue of 13,02,000 equity shares aggregating to Rs. 9.11 crores (The Fresh Issue) and an offer for sale of 15,00,000 equity shares by the selling shareholders (Offer for Sale) aggregating to Rs. 10.50/- crores of which 1,50,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 70/- per equity share including a share premium of Rs. 60/- per equity share aggregating to Rs. 1.05 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion).
The offer less the market maker reservation portion i.e net offer of 26,52,000 equity shares of face value of Rs. 10.00/- each at a price of Rs. 70/- per equity share including a share premium of Rs. 60/- per equity share aggregating to Rs. 18.56 crores (The Net Offer). The offer and the net offer will constitute 26.53% and 25.11% respectively of the post offer paid up equity share capital of the company.
ISSUE
Opens On 28 Sep 2021
Closes On 30 Sep 2021
Post Issue Equity Share Capital (Cr.) : 10.56
Issue Price (D) : 70
Further Multiples of: 2000
Address
Plot No.103 & 130 to 136/A & 137 Sector-C Urla Indust. Area Raipur
Chattisgarh- 492003
Phone – 771 4700109
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