Jajoo Rashmi Refractories Limited IPO
Jajoo Rashmi Refractories Limited IPO
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Business Overview

Jajoo Rashmi Refractories Limited is a long-established manufacturer and exporter of ferro alloys—ferro silicon, ferro manganese, and silico manganese—used as key raw materials in steel production. It also produces a range of refractory products that resist high temperatures without degrading. With over 20 years of operational history, the company runs three manufacturing units in Jaipur, Kalyaneshwari, and Kandla SEZ. Export is the primary revenue driver, with a global footprint across 29 countries in regions including the Middle East, Africa, South and East Asia, and Europe.

Jajoo Rashmi Refractories IPO Size

Fresh Issue
₹150 Cr (TBA Shares)

Objects of Issue

  1. Part finance the cost of establishing new manufacturing facilities to expand our production capabilities
  2. Funding working capital requirements of our Company
  3. General Corporate Purposes

Jajoo Rashmi Refractories IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Jajoo Rashmi Refractories IPO
Particulars Jun-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 117.45 334.03 306.80 233.40
Profit after Tax 6.39 24.28 22.92 8.77
Net Worth 85.43 77.26 49.74 26.82
Total Borrowing 31.81 33.60 23.65 25.71
Total Assets 142.00 129.93 86.61 65.19
NAV per share (in ₹) 28.50 25.80 16.61 8.96
EPS - Basic (in ₹) 2.13 8.11 7.65 2.93

Key Performance Indicators (KPIs)

EBITDA

9.81%

PAT

9.08%

ROE

31.42%

ROCE

28.55%

Debt to Equity

0.43

  1. All the data pertains to FY 2023-24

Promoter Holding

Promoter

98.74%

Public

1.26%

Sunil Jaju 73.36%
Himalaya Commodeal Pvt Ltd 16.61%
Saurabh Jaju 2.62%
Sunil Jaju Karta HUF 0.99%
Other Promoter 5.16%

Management

Sunil Jaju
Chairman & MD
Vikas Kumar
CFO

Registrar & Lead Managers

Lead Managers (1)

Company Details

Name: Jajoo Rashmi Refractories Limited

Address: B7, SN9, LS Nagar, Naya Kheda, Shastri Nagar, Jaipur – 302 016, Rajasthan, India.

Number: +91 141 233 5816

Email: info@jajoorashmi.com

Website: www.jajoorashmi.com

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