Monday, September 27, 2021

Jainam Ferro Alloys IPO Subscription Status & Live Numbers {Day 3}

Jainam Ferro Alloys IPO subscription to start from September 28, 2021, Monday. The retail portion of this IPO is 50%, QIB is 0% and HNI is 50% quota as this is an SME IPO. The IPO subscription will close on September 30, 2021, Thursday. The company to raise ₹10.50 crores via SME IPO at a price band of ₹70. The minimum bid for the IPO is 2000 shares that cost ₹140,000 for l lot.
 
The Chhattisgarh based Jainam Ferro Alloys is a manufacturer of two types of  Ferro Alloys - Ferro Manganese (FeMn) and Silico manganese (SiMn). The company reported ₹102 crores of revenues in 2021 against ₹122 crores in 2020. The PAT was stood at ₹3.12 crores in 2021 compared to ₹0.87 crores in 2020. Please check the Jainam Ferro Alloys IPO details over here.

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We recommend investors to to avoid this IPO. Check the Jainam Ferro Alloys IPO allotment status here.
Jainam Ferro Alloys

    Jainam Ferro Alloys IPO Subscription Status (Live Data)

    (Day 3)

    Category Day 1 Day 2 Day 3
    QIB -x -x -x
    NII 1.01x 1.90x 6.23x
    RII 1.27x 3.27x 7.07x
    Total 1.14x 2.58x 6.65x

    Jainam Ferro Alloys IPO Date & Price Band

     IPO Open:  28 September 2021
     IPO Close:  30 September 2021
     IPO Size:  Approx ₹19.61 Crore
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹70 Per Share 
     Listing on:  NSE SME
     Retail Portion:  50%
     Equity:  2,802,000 Shares
     DRHP Draft Prospectus:  Click Here
     RHP Draft Prospectus:  Click Here

    Jainam Ferro Alloys IPO Market Lot

    The Jainam Ferro Alloys IPO minimum market lot is 2000 shares with ₹140,000 application amount.
     Minimum Lot Size:  Minimum 2000 Shares
     Minimum Amount:  ₹140,000
     Minimum Lot Size:  Maximum 2000 Shares
     Minimum Amount:  ₹140,000

    Jainam Ferro Alloys IPO Allotment & Listing

    The Jainam Ferro Alloys IPO date is 28 September 2021 and the close date is 30 September 2021. The allotment date is 05 October 2021 and the IPO to list on 08 October 2021.
     Basis of Allotment:  05 October 2021
     Refunds:  06 October 2021
     Credit to Demat Account:  07 October 2021
     Listing Date:  08 October 2021

    Jainam Ferro Alloys IPO Subscription FAQs:


    When Jainam Ferro Alloys IPO Subscription will start?
    The IPO subscription starts on 28 September 2021 for QIB, NII, and Retail Investors.

    How much Jainam Ferro Alloys IPO subscribed?
    The IPO subscribed 6.65x times on day 3.

    What is Jainam Ferro Alloys IPO Retail subscription status?
    The RII subscription is 7.07x on day 3.

    How to subscribe Jainam Ferro Alloys IPO?
    You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

    How do i check live Jainam Ferro Alloys IPO Subscription Numbers?
    One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.

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