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J Pan Tubular Components Secures SEBI Approval to Launch IPO
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Moneycontrol•19-10-2026, 19:41
J Pan Tubular Components Secures SEBI Approval to Launch IPO
- •Noida-based J Pan Tubular Components has received approval from SEBI on October 19 to proceed with its proposed initial public offering.
- •The public issue comprises 51.8 lakh equity shares, featuring a fresh issue of 49.2 lakh shares and an offer for sale of 2.6 lakh shares by promoter Jignesh Panchal.
- •Proceeds from the IPO will be utilized to expand the Sanand facility in Gujarat, establish a new plant in Sri City, Andhra Pradesh, and repay debt.
- •For the financial year ended March 2026, the company reported a standalone net profit of Rs 17.55 crore on revenue of Rs 468.1 crore.
- •Hem Securities has been appointed as the merchant banker to manage the company's public offering.
Key Questions Answered
J Pan Tubular Components proposes to issue 51.8 lakh equity shares, which includes a fresh issue of 49.2 lakh shares and an offer for sale (OFS) of 2.6 lakh shares by promoter Jignesh Panchal.
The company plans to use Rs 42.68 crore to expand its Sanand facility, Rs 20.49 crore to build a new plant in Sri City, and Rs 35 crore to repay debt, with the remainder for corporate purposes.
Hem Securities has been appointed as the merchant banker to manage the initial public offering for J Pan Tubular Components.
