Jay Jagdamba Ltd. IPO Details
Jay Jagdamba was incorporated on January 21, 2004. The company is a leading Indian manufacturer and exporter of stainless steel long and engineering products, offering ingots, billets, rolled and bright products, flanges and seamless pipes. Its products serve diverse industries including consumer goods, oil and gas, automotive, infrastructure, medical equipment, data centres and petrochemicals
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 15.0 M | - | - | ₹6000.0 M | DRHP DOC |
Jay Jagdamba issue details
Jay Jagdamba has 15.0 M shares on offer
Jay Jagdamba IPO issue size is ₹ 6000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Jay Jagdamba IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Jay Jagdamba NUMBER OF SHARES ON OFFER
Jay Jagdamba FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 3,162.1 | 261.9 | 72.2 | -253.4 | 18.5% |
| FY25 | 2,194.2 | 161.0 | 51.7 | -47.8 | 15.6% |
| FY24 | 1,478.7 | 51.5 | 184.8 | 65.2 | 10.7% |
Jay Jagdamba INFORMATION ON IPO ISSUE
About Jay Jagdamba
Jay Jagdamba was incorporated on January 21, 2004. The company is a leading Indian manufacturer and exporter of stainless steel long and engineering products, offering ingots, billets, rolled and bright products, flanges and seamless pipes. Its products serve diverse industries including consumer goods, oil and gas, automotive, infrastructure, medical equipment, data centres and petrochemicals
Object of the Issue
- Pre-payment or re-payment of a portion of certain outstanding borrowings availed by the company
- General corporate purposes
Jay Jagdamba - PROMOTERS
| Name |
|---|
| Narayan Prasad Malpani |
| Ram Prakash Malpani |
| Hari Prakash Malpani |
| Floral Life Pte. Limited |
Jay Jagdamba - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Narayan Prasad Malpani | Chairman & Whole-Time Director |
| Ram Prakash Malpani | Managing Director |
| Ashutosh Omprakash Malpuria | Whole-time Director |
| Dharmavaram Gopikrishna | Non-Executive, Independent Director |
| Dilip Jagdish Pendse | Non-Executive, Independent Director |
| Priyanka Gupta | Non-Executive, Independent Director |
Jay Jagdamba Book Running Lead Manager
Elara Capital (India) Private Limited
jjl.ipo@elaracapital.com
Jay Jagdamba Registrar to the Offer
MUFG Intime India Private Limited
jayjagdamba.ipo@in.mpms.mufg.com
Jay Jagdamba Strengths
Diversified global clientele
The company specializes in customized stainless-steel products, manufacturing over 40 grades and 10,850 SKUs in varied sizes, dimensions and forms to meet specific customer requirements. Its recycling operations also utilize stainless-steel scrap, while in-house capabilities enable drawing-based products, custom dies and specialized components for diverse industrial applications
Quality
The company’s stainless-steel products serve industries including oil and gas, construction, automotive, medical equipment, machinery and petrochemicals. Government initiatives, including anti-dumping duties on Chinese stainless-steel seamless tubes and pipes, are expected to support domestic demand, capacity utilization and growth opportunities
Flexible & customer centric fulfilment model
The company offers flexible pricing, delivery options and low minimum order quantities, enabling it to serve customers of different sizes while supporting efficient inventory management and long-term relationships. Its diversified stainless-steel portfolio, including specialized flanges, caters to multiple industries and broadens its customer base and revenue opportunities
Jay Jagdamba Risks
Competition
The company operates in a highly competitive stainless-steel industry, competing on product quality, pricing, delivery flexibility, technology, logistics and customer service. Inability to respond effectively to competitors, changing customer preferences or technological developments could result in loss of customers and market share, adversely affecting its business and financial performance
Expansion risks
The company is expanding its manufacturing capabilities, including seamless pipe production and a planned solar power plant, while also increasing distributors and introducing new products to broaden its market reach. Delays, cost overruns, regulatory approvals, weak demand or adverse economic conditions could hinder these expansion plans and adversely affect its business, profitability and financial performance
Safety & hazardous risks
The company’s steel manufacturing operations involve hazardous processes such as high-temperature furnaces, AOD units, continuous casting and rolling mills, creating risks of fires, equipment failures, injuries and environmental damage. Despite safety equipment and employee training, accidents could lead to operational disruptions, legal liabilities, higher costs and adverse effects on its financial performance
IPO FAQs
The promoters of the company are Narayan Prasad Malpani, Ram Prakash Malpani, Hari Prakash Malpani and Floral Life Pte. Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.