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Jetmall spices and masala ipo is a fixed price issue of Rs 4.98 crores.
Jetmall spices and masala ipo bidding started from March 31, 2021 and ended on April 7, 2021. The allotment for Jetmall spices and masala ipo was finalized on Monday, April 12, 2021. The shares got listed on BSE SME on April 19, 2021.
Jetmall spices and masala ipo price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Mark Corporate Advisors Private Limited is the book running lead manager of the Jetmall spices and masala ipo, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Jetmall spices and masala ipo RHP for detailed information.
| IPO Date | March 31, 2021 to April 7, 2021 |
| Listing Date | April 19, 2021 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,490,000 shares (aggregating up to ₹4.98 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,502,900 |
| Share holding post issue | 5,992,900 |
| Market Maker portion | 126,000 shares |
Jetmall spices and masala ipo offers 2,490,000 shares. 1,182,000 (47.47%) to NII, 1,182,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 126,000 (5.06%) |
| Other Shares Offered | 1,182,000 (47.47%) |
| Retail Shares Offered | 1,182,000 (47.47%) |
| Total Shares Offered | 2,490,000 (100%) |
Jetmall spices and masala ipo opens on March 31, 2021, and closes on April 7, 2021.
| IPO Open Date | Wednesday, March 31, 2021 |
| IPO Close Date | Wednesday, April 7, 2021 |
| Basis of Allotment | Monday, April 12, 2021 |
| Initiation of Refunds | Monday, April 12, 2021 |
| Credit of Shares to Demat | Thursday, April 15, 2021 |
| Listing Date | Monday, April 19, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 7, 2021 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Bharat Kumar Pukhrajji is the promoter of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 58.44% |
Incorporated in 2012, Jetmall Spices and Masala Limited is engaged in the trading and marketing activities of spices, food products, masalas, and dry fruits. Its product portfolio includes ready-to-eat foods, food grains, nuts, dry fruits, food ingredients, processed foods, food stuffs, etc.
It imports spices from countries i.e. Srilanka, Vietnam, Indonesia, etc., and supplies it in India in bulk quantity. It follows the B2B business model to sell products to various parties like Masala manufacturers, exporters, etc.
Competitive strengths
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 602.24 | 885.35 | 1,988.59 | 1,738.16 | |
| Total Revenue | 925.90 | 3,915.62 | 4,344.54 | 5,032.61 | |
| Profit After Tax | 64.92 | 14.77 | 17.61 | 25.62 | |
[Dilip Davda] The offer document is unpalatable and silent on many informal data. It has posted declining financial performance for the last three fiscals and whopping profits for the first half which is raising eyebrows. The asking price is at a P/E of 40 plus on the basis of the last three year’s average. The sustainability of FY21 first-half performance is a million-dollar question. Based on issue expenses criteria, this issue is fully structured. There is no harm in giving this issue a miss. Read detail review...
The Jetmall spices and masala ipo is subscribed 1.36 times on April 7, 2021 7:47:00 AM. The public issue subscribed 0.82 times in the retail category, times in the QIB category, and 1.90 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.90 |
| Retail | 0.82 |
| Total | 1.36 |
| Listing Date | April 19, 2021 |
| BSE Script Code | 543286 |
| NSE Symbol | |
| ISIN | INE0D9X01018 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹20.00 |
| ₹20.50 |
| ₹19.50 |
| ₹21.00 |
| ₹19.50 |
Jetmall Spices and Masala Limited
87A, Govindappa Naicken Street
Sowcarpet, Chennai - 600 001
Phone: 044-2536 0269
Email: jetmallltd@gmail.com
Website: https://jetmallltd.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
SME Company Owners
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Jetmall spices and masala ipo is a SME IPO of 2,490,000 equity shares of the face value of ₹10 aggregating up to ₹4.98 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on March 31, 2021, and closes on April 7, 2021.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Jetmall spices and masala ipo using UPI as a payment gateway. Zerodha customers can apply in Jetmall spices and masala ipo by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jetmall spices and masala ipo through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jetmall spices and masala ipo opens on March 31, 2021 and closes on April 7, 2021.
Jetmall spices and masala ipo lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in Jetmall spices and masala ipo online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jetmall spices and masala ipo will be done on Monday, April 12, 2021, and the allotted shares will be credited to your demat account by Thursday, April 15, 2021. Check the Jetmall spices and masala ipo allotment status.
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IPOANALYSIS| Link | Bookmark |April 7, 2021 12:02:28 AM