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Jay Jagdamba IPO

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Jay Jagdamba IPO Details

Issue Date

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Price Band

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Lot Size

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IPO Size

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Listing At

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About Jay Jagdamba IPO

Jay Jagdamba, which filed its draft red herring prospectus with SEBI in June 2025, has received approval from the regulator for its IPO. Jay Jagdamba IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the Demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

The lot size of shares in the IPO of Jay Jagdamba is TBA, and the price band of shares is TBA. The minimum investment amount required by a retail investor is TBA based on the upper price. The minimum lot for retail investors is TBA.

Jay Jagdamba is among India’s top manufacturers and exporters of stainless steel long and engineering products by revenue, as of 31st December 2024. It primarily operates in three broad product segments of ingots and billets, rolled and bright products, and flanges.

Objectives of Jay Jagdamba IPO

TBA

Jay Jagdamba IPO Valuation

Jay Jagdamba IPO Lot Size

Jay Jagdamba IPO Offer and Subscription Details

Industry Outlook

Domestic demand for stainless steel is likely to rise by 7–8% year-on-year over the next three years, as per the Indian Stainless Steel Development Association (ISSDA). Stainless steel consumption stood at 4.8 million tonnes in FY25, marking an annual growth of around 8%. ISSDA said upcoming projects in railways, tunnels, ports, airports, roads, and highways are expected to drive demand in the coming years.

About Jay Jagdamba

Jay Jagdamba is among India’s leading manufacturers and exporters of stainless steel long and engineering products, based on revenue as of 31st December 2024. The company operates across three main product segments. This includes ingots and billets, rolled and bright products, and flanges. It runs two manufacturing facilities in Maharashtra. Together, these units house steel melting shops, rolling mills, bright bar units, and flange divisions, along with a newly added seamless pipe unit.

Strengths of Jay Jagdamba

  • Established track record along with experienced management
  • Healthy financial risk profile
  • Capex in value added products

Risks of Jay Jagdamba

TBA

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Comparison with Peers

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

  • IPO Registrar: TBA
  • Book Running Lead Manager: TBA

Jay Jagdamba Business Model

Jay Jagdamba produces a broad range of stainless-steel products. Its portfolio includes billets, ingots, black and rolled round bars, as well as bright bars in shapes such as round, square, flat, angle, and hex. It also manufactures bright wires, flanges, and seamless pipes.

Jay Jagdamba Growth Trajectory

The operating income of Jay Jagdamba grew from ₹1482.65 crores in FY 23 to ₹1501.27 crores in FY 24. Its PAT margin also rose from 3.25% in FY 23 to 3.59% in FY 24. An established track record, along with experienced management have helped the company grow over the years.

Jay Jagdamba Market Position

Jay Jagdamba is one of India’s leading manufacturers and exporters of stainless steel long and engineering products in terms of revenue as of 31 December 2024. It holds an ISO: 9001:2015, AD 2000-Merkblatt W0, and European directive 2014/68/EU certifications, among others.

Jay Jagdamba Profit and Loss (in ₹ crores)

Jay Jagdamba Balance Sheet (in ₹ crores)

How to Apply for Jay Jagdamba IPO?

To apply for this IPO:

  • Log in to your Kotak Neo Demat account: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
  • Specify IPO details: Enter the number of lots and the price you wish to apply for.
  • Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  • Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.

Jay Jagdamba IPO FAQs

The Jay Jagdamba IPO opens for subscription from [-] to [-], with a total issue size of [-]. The IPO price band is ₹[-] per share with a lot size of [-]. The company aims to list the shares on BSE & NSE on [-].

The Jay Jagdamba IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Jay Jagdamba IPO is [-] equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.

The price band of the Jay Jagdamba IPO has been fixed at ₹[-] per equity share.

You can apply for the Jay Jagdamba IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Jay Jagdamba IPO allotment will take place on [-].

You can check the Jay Jagdamba IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Jay Jagdamba shares will list on the stock exchanges on [-].

Ashotosh Omprakash Malpuria, Narayan Prasad Malpani and Ramprakash Narayan Prasad Malpani are the directors of the company.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.

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