Jay Bee Laminations Limited IPO
Jay Bee Laminations Limited specializes in manufacturing and supplying electrical laminations, slit coils, and assembled cores made from Cold Rolled Grain Oriented (CRGO) Silicon Steel and Cold-Rolled Non-Grain-Oriented (CRNGO) Steel. These products are essential components for transformers, UPS, and inverters used in the power industry.
Their manufacturing facilities, covering 10,878 square meters, are fully equipped with in-house capabilities for slitting, cutting, assembling, and testing CRGO and CRNGO electrical steel cores. They also have an in-house laboratory for testing raw materials and finished goods, as well as a tooling division for blade sharpening. Their production processes focus on meeting the stringent quality standards required for power and distribution transformers, capable of serving transformer manufacturers up to the 220 kV class. As of March 31, 2024, they utilized 83% of their installed capacity.
Their company primarily supplies CRGO electrical steel cores to transformer manufacturers, a material that requires specialized expertise in manufacturing and handling due to its sensitivity to physical stresses. To ensure the safety and quality of transformers, all transformer core materials must adhere to the Bureau of Indian Standards (BIS) regulations.
Their clientele includes manufacturers of transformers ranging from 11 kV to 220 kV classes, focusing on power and distribution transformers. The CRGO steel core is a critical component, accounting for 25-30% of a transformer’s total cost and playing a vital role in reducing transmission and distribution losses in the electricity supply infrastructure, underscoring its importance in power distribution.
Objects of the Jay Bee Laminations Limited IPO:
Jay Bee Laminations Limited IPO Details:
Open Date: | Aug 27 2024 |
Close Date: | Aug 29 2024 |
Total Shares: | 6,093,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 88.96 Cr. |
Lot Size: | 1000 Shares |
Issue Price: | ₹ 138 - 146 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Sep 03 2024 |
Promoters And Management:
Financials of Jay Bee Laminations Limited IPO:
Particulars ( In Lakhs ) |
2022 |
2023 |
2024 |
Revenue from Operations | 14,125 | 24,666 | 30,291 |
Other Income | 42 | 82 | 59 |
Total Revenue | 14,167 | 24,749 | 30,350 |
Cost of materials consumed | 11,306 | 20,578 | 25,641 |
Changes in inventories | -5 | 145 | -642 |
Employees Benefit Expenses | 610 | 789 | 1,013 |
Other Expenses | 972 | 809 | 1,007 |
EBITDA | 1,285 | 2,428 | 3,330 |
OPM (%) | 9.07% | 9.81% | 10.97% |
Depreciation & Amortisation | 106 | 95 | 127 |
EBIT | 1,179 | 2,333 | 3,203 |
Finance Cost | 420 | 501 | 595 |
PBT | 745 | 1,820 | 2,605 |
Tax | 150 | 460 | 670 |
PAT | 595 | 1360 | 1935 |
NPM (%) | 4.20% | 5.50% | 6.38% |
No.of Shares | 225.67 | 225.67 | 225.67 |
EPS | 2.63 | 6.02 | 8.57 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
Jay Bee Laminations Limited | 303 | 19 | 8.57 | 17.0 | 146 | 329 |
Vilas Transcore Limited | 310 | 23 | 12.82 | 50.2 | 472 | 1,155 |
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