Jainam Ferro Alloys Ltd

About the Company:

Jainam Ferro Alloys Ltd is engaged in manufacturing two types of Ferro Alloys namely, Ferro Manganese (FeMn) and Silico-manganese (SiMn).

Both the alloys are largely used in Steel industry. Ferro-manganese adds strength, toughness and other properties to steel. Silico manganese provides additional silicon which is a stronger De-oxidant in manufacturing steel.

The major raw materials required for manufacturing of Ferromanganese and silicomanganese is manganese ore, which is sourced from Karnataka, Maharashtra etc. company also imports managanese ore from the mines of South Africa.

The products manufactured by the Company are primarily used in manufacturing of steel and in foundry activities.

Company also generates revenue from its trading activities of manganese ore, used as a raw material in manufacturing Ferro alloys.

Company sells the products in many states but the main area of sales are Gujarat, Maharashtra, Haryana, Orissa.


Company’s Products:




Revenue from Operations from different products: 


Strategic location of Manufacturing unit.

Company’s manufacturing facility is located in Urla Industrial Area, Raipur. Being strategically located, company gets easy access to labors having experience in ferro alloy industry as well as local raw material supplies.

Company’s Plant has good connectivity to roads which facilitates ease transportation of raw material and finished goods.

Due to aforesaid reasons, company believes that the location of manufacturing unit brings cost efficiencies in procurement of manpower and raw material and also reduce logistic cost which helps company to achieve economies of scale.



Capacity and Capacity Utilization: 



Competitors in the Business:

Some of Jainam Ferro Alloys major competitors are, Deepak Ferro Alloys, Hira Ferro Alloys, Hira Power and Steel, Shree Girija Smelters, Shri Bajrang Power and Ispat, Maithan Alloys , Sarda Energy & Minerals etc



Management Team:

  1. Mr. Archit Parakh (Designation: Chairman and Managing Director)
  2. Mr. Arpit Parakh (Designation: Whole Time Director)





Objectives of the Issue:

Offer for Sale: (Rs. 10.5 cr)

  • Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders. Each of the selling Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale.



Fresh Issue: (Rs.9.1 cr)

  • To meet Working Capital requirements.
  • General Corporate Purpose.
  • To meet offer related expenses.



Financials of the Company:

(in Crores) FY 19 FY 20 FY 21
Revenue 132.39 122.3 102.51
Net Profit 2.88 0.86 3.11



Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Jainam Ferro Alloys (I) Ltd 10 3.37 20.77 13.05% 25.81
Maithan Alloys Ltd 10 79.02 11.64 15.12% 522.59
Shyam Century Ferrous Ltd 1 0.13 95.00 2.37% 5.31



IPO Details:

Details Info
Issue Opens on 28th September 2021
Issue Closes on:. 30th September 2021
Issue Price Rs.70
Face Value Rs.10
Minimum Lot 2000
Minimum Investment Rs.1,40,000
Issue Constitutes 26.53%
Issue Size Rs.19.6 cr
Market Cap Rs.73.92 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 13,02,000
Equity Shares Offered (OFS) 15,00,000
Total Equity Shares Offered (Fresh + OFS) 28,02,000
Equity Shares Prior to the Issue 92,59,200
Equity Shares after the Issue 1,05,61,200

Also Read : List of Upcoming IPO’s in India.


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
3.37 20.77 13.05% 25.81



Check IPO Allotment Status:

Bigshare: http://www.bigshareonline.com/IPO/Allotment

BSE IPO Website: https://www.bseindia.com/IPO/Allotment


Company Contact Info:
Jainam Ferro Alloys (I) Limited
Plot No. 103 to 113 & 130 to 136/A & 137, Sector-C,
Urla Industrial Area, Raipur,
Chhattisgarh – 492003, India.
Tel. No. +91 771 4700109
E-mail: info@jainamferro.com
Website: www.jainamferro.com


IPO Registrar Info:
Address:-1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400059, Maharashtra, India
Tel No.:+91-022-6263 8200
Website: www.bigshareonline.com


Lead Manager to the Issue:
Address:- 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013,
Maharashtra, India
Tel. No.: +91- 022- 49060000
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Website: www.hemsecurities.com