Ferroalloys, the vital ingredients that give steel its strength and versatility, are powering global growth, with the market projected to rise at a 5.9% CAGR from 2023 to 2029. At the forefront of this growth is Jajoo Rashmi Refractories, establishing the ground for its upcoming IPO.
Unistone Capital Private Limited is the manager for the Jajoo Rashmi Refractories IPO. Bigshare Services Private Limited has come forward as its registrar. Once the IPO opens, you can view the allotment status here.
Since the RHP is not out yet, you can complete your research with the Jajoo Rashmi Refractories Limited DRHP.
Note: 50% of the shares will be unlocked 30 days after allotment, while the remaining will be free from lock-in restrictions after 90 days.
Here are the latest details of the Jajoo Rashmi Refractories IPO date, price, and more.
Let’s check out Jajoo Rashmi Refractories' plans for the IPO proceeds.
Let’s analyse Jajoo Rashmi Refractories IPO strengths and risks:
Strengths
Long-standing customer relationships: Jajoo Rashmi Refractories has established strong and long-standing relationships with its customers in India and internationally. This is evident in their repeat customer rate of 94% in the last three fiscal years.
Strong global presence: Jajoo Rashmi Refractories has a strong international presence. About 90% of its sales are generated from exports to 29 countries. This strong presence diversifies the customer base and promotes resilience.
Riding on industrial prospects: Ferro alloy exports from India surged from 1,423 to 2,247 thousand tonnes between 2019 and 2023 and are set to grow further. Jajoo Rashmi is well-positioned to ride this trend.
Consistency in financials: Jajoo Rashmi Refractories has shown consistency in its operational and financial performance.
Risks
Heavy reliance on a single product: A significant portion of the revenue comes from ferro alloys. Any disruption in demand could hamper the financials of the company.
Customer concentration: A major portion of their revenue comes from the top 10 customers (73.16% in FY2024). Any customer fallouts can lead to an adverse effect on the company operations.
Lack of long-term contracts: Jajoo Rashmi Refractories does not form any long-term contracts with its customers. This could significantly impact the business and its operations.
High dependence on repeat orders: Jajoo Rashmi highly depends on repeat orders from its customers. As of FY24, almost 94% of customers are repeat. Any reduction in the customer’s orders could negatively impact the business.
Jajoo Rashmi Refractories IPO got its SEBI approval on April 30, 2025. The exact IPO date is not yet confirmed. With strong consistency in financials and a widespread global presence, the company is set to benefit from the industrial tailwinds. Once the IPO open date is closer, you can check the latest GMP details here.
You can also check the live subscription status before hitting APPLY.
What is the Jajoo Rashmi Refractories IPO?
The Jajoo Rashmi Refractories IPO date is not yet announced. The IPO size is ₹150 Crores. Stay updated on the live subscription status in real time.
What is the Jajoo Rashmi Refractories IPO price?
The total issue is ₹150 crores for the Jajoo Rashmi Refractories IPO. The Jajoo Rashmi Refractories IPO share price is not yet confirmed. However, the face value per share is ₹10. Keep checking the Jajoo Rashmi Refractories IPO live subscription status before applying.
Do I need a demat account to bid for the Jajoo Rashmi Refractories IPO?
Yes, a demat account is required to bid for the Jajoo Rashmi Refractories IPO. Click here to get the list of top demat account providers.
What is the Jajoo Rashmi Refractories IPO GMP?
