Jayant Infratech was incorporated on July 7, 2003, as “Shri Raj Manufacturing and Projects Private Limited”. The company is engaged in the field of railway infrastructure development involving the design, drawing, supply, erection, and commissioning of 25KV, 50Hz Single Phase Traction Overhead Equipment.
| Bidding Dates |
|---|
| 30 Jun 2022 - 05 Jul 2022 |
| Subscription |
|---|
| 3.99x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,34,000 | 1 | 1 | 2000 | 924.0 K | ₹67 | 71.44 % | ₹61.9 M | RHP DOC |
Jayant Infratech IPO SUBSCRIPTION STATUS
05 Jul '22Jayant Infratech IPO overall subscription rate was 3.99 times the total available shares
Jayant Infratech IPO retail subscription rate was 3.75 times in the retail segment
Jayant Infratech IPO non-institutional investor subscription rate was 4.23 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Jul 2022 (Day 4) | 3.75x | 4.23x | - |
04 Jul 2022 (Day 3) | 0.97x | 0.82x | - |
01 Jul 2022 (Day 2) | 0.29x | 0.58x | - |
30 Jun 2022 (Day 1) | 0.17x | 0.58x | - |
Jayant Infratech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY22 | 11.26 | 237.91 | -38.03 | -38.05 |
| FY21 | 13.96 | 351.81 | 12.96 | 9.05 |
| FY20 | 13.19 | 338.69 | 32.83 | 32.62 |
| FY19 | 6.99 | 182.13 | 18.71 | 15.75 |
Jayant Infratech IPO SUBSCRIPTION STATUS DETAILS
Jayant Infratech had 924.0 K shares on offer
Jayant Infratech IPO offer price was ₹67
Jayant Infratech IPO minimum Investment was ₹134000
Jayant Infratech IPO issue size was ₹ 61.9 M
Jayant Infratech had a minimum lot size of 2000 Shares per application
Jayant Infratech NUMBER OF SHARES ON OFFER
Jayant Infratech IPO IMPORTANT DATES
| Issue Open Date | 30 Jun 2022 |
| Issue close Date | 05 Jul 2022 |
| Allotment Date | 08 Jul 2022 |
| Refund Date | 11 Jul 2022 |
| Demat Account Credit Date | 12 Jul 2022 |
| Listing Date | 13 Jul 2022 |
| Listing on Exchange(s) | BSE |
| Jayant Infratech Allotment Status | Exchange |
Jayant Infratech IPO subscription opened on 30 Jun 2022, and closed on 05 Jul 2022
IPO allotment for Jayant Infratech was finalized on Friday, 08 Jul 2022
IPO listing for Jayant Infratech was on BSE on Wednesday, 13 Jul 2022
Jayant Infratech IPO LISTING GAINS
| Issue Price (adjusted) | 22.3 |
| Listing Open Price | 76.0 |
| Listing Close Price | 79.8 |
| Listing Gain% | 13.4% |
| Current Gain% | 230.8% |
Jayant Infratech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jayant Infratech Ltd. | 73.9 | 23.9 | 8.9 | -0.1 | 0.2 | 14.1 | 6.9 | 113.9 | -7.8 | 8.4 | 0.4 | 8.3 | -68 |
| Larsen & Toubro Ltd. | 4044.1 | 568969.4 | 34.3 | 7.5 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 105 | 110900.9 | 631.9 | 4.4 | 7.5 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 230 | 47947.1 | 54.8 | -1.7 | 2.3 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 94 | 25366.5 | 35.2 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1326.6 | 22654.7 | 21.8 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Jayant Infratech INFORMATION ON IPO ISSUE
About Jayant Infratech
Jayant Infratech was incorporated on July 7, 2003, as “Shri Raj Manufacturing and Projects Private Limited”. The company is engaged in the field of railway infrastructure development involving the design, drawing, supply, erection, and commissioning of 25KV, 50Hz Single Phase Traction Overhead Equipment.
Object of the Issue
- To make payment of security deposit for renting office space
- Working capital requirements
- General corporate purposes
Jayant Infratech - PROMOTERS
| Name |
|---|
| Nilesh Jobanputra |
Jayant Infratech Lead Manager of the Issue
Gretex Corporate Services Limited
info@gretexgroup.com
Jayant Infratech Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Jayant Infratech Strengths
Long-term experience
Long-term experience in the railway electrification segment
Proven track record
Exemplary project execution track record
Satisfied customer base
Highly satisfied customer base
Experienced promoters
Experienced promoters and managers
Jayant Infratech Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, promoter, and directors
Case in the District Court
There is a case against the company in the District Court by the Labour Enforcement Officer
No long-term agreements with the customers
The company generally does business with the customers on a purchase order basis and does not enter into long-term contracts with most of them.
IPO FAQs
Jayant Infratech Ltd. IPO listing opened at Rs 76.00 while the issue price was Rs 67.00 giving 13.43% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 22.33 giving 230.77% gains since its IPO listing.
The promoter of the company is Nilesh Jobanputra.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 67.0 - 67.0.
The IPO application opens on Jun 30, 2022 and closes on Jul 05, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 134,000.0, the maximum value for this IPO is Rs 134,000.0.
This IPO will be allotted on Jul 08, 2022.
The refund will be credited to your account on Jul 11, 2022.
The allotted shares will be credited to your demat on Jul 12, 2022.
Jayant Infratech Ltd.’s shares listed on the stock exchanges on Jul 13, 2022.