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Issue Open Date
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24-Sep-25
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Issue Closing Date
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26-Sep-25
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Application Money
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100
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Allotment Money
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Price Band
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220
-
232
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Minimium Application No.
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64
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Issue Size (Shares)
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31249999
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Market Lot
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1
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Objective
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The net proceeds of the Fresh Issue, i.e., gross proceeds of the Fresh Issue less our Company’s share of the Offer related expenses (“Net Proceeds”), are proposed to be utilized towards funding of the following objects:1. Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company; and2. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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8522727
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45144896
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5.29700130017071
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Qualified Institutional Buyers
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17045454
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431049600
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25.2882440092238
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Retail Individual Investors
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5681818
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20550848
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3.61694936374238
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Business Description
We are primarily focused on manufacturing of non-ferrous metal products by way of recycling of non-ferrous metal scrap. Our product portfolio comprises of (i) lead and lead alloy ingots; (ii) copper and copper ingots; and (iii) aluminium and aluminium alloys. Our Company is amongst the two recycling companies in India to get its lead ingot registered as a brand by the London Metal Exchange (Source: CRISIL) which provides the Company a distinct advantage of access to a broader customer base by offering products compliant with international quality standards along with the benefit of LME reference pricing with respect to supply of its products in global markets. We also partnered with M/s Ikon Square Limited UAE (“ISL”), by way of acquiring 70% in Jain Ikon Global Ventures (FZC) a free zone company registered in Sharjah, UAE (hereinafter referred as “JIGV”), resulting JIGV in becoming our subsidiary. The acquisition was undertaken for the purposes of setting up our gold refining facility at Sharjah UAE that commenced refining of gold in the month of August 2024. We are also engaged in trading of non-ferrous metals and other commodities which constitutes 4.20 %, 1.98%, 4.50% and 1.30 % of our revenue from operations for six months period ending September 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.
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Promoter's Holding
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Total Share Capital
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284758425
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Offered to Public
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31249999
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Promoter's Holding (Pre-Issue)
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88.01
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Promoter's Holding (Post-Issue)
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73.59
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Address |
The Lattice
Old No 7/1
New No 20
4th Floor
Waddles Road
Kilpauk
Chennai,
Tamil Nadu,
600010
Phone : 044 43409494
Email : cs@jainmetalgroup.com
Website : www.jainmetalgroup.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)
ICICI Securities Ltd
Motilal Oswal Investment Advisors Pvt Ltd
PL Capital Markets Pvt Ltd
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Promoters |
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Kamlesh Jain
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