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Jeyyam Global Foods IPO is a book built issue of Rs 81.94 crores. The issue is a combination of fresh issue of 120.89 lakh shares aggregating to Rs 73.74 crores and offer for sale of 13.43 lakh shares aggregating to Rs 8.19 crores.
Jeyyam Global Foods IPO opens for subscription on September 2, 2024 and closes on September 4, 2024. The allotment for the Jeyyam Global Foods IPO is expected to be finalized on Thursday, September 5, 2024. Jeyyam Global Foods IPO will list on NSE SME with tentative listing date fixed as Monday, September 9, 2024.
Jeyyam Global Foods IPO price band is set at ₹59 to ₹61 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹122,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹244,000.
Corpwis Advisors Private Limited is the book running lead manager of the Jeyyam Global Foods IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Jeyyam Global Foods IPO is Nnm Securities.
Refer to Jeyyam Global Foods IPO RHP for detailed information.
| IPO Date | September 2, 2024 to September 4, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹59 to ₹61 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 13,432,000 shares (aggregating up to ₹81.94 Cr) |
| Fresh Issue | 12,088,800 shares (aggregating up to ₹73.74 Cr) |
| Offer for Sale | 1,343,200 shares of ₹5 (aggregating up to ₹8.19 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 35,407,956 |
| Share holding post issue | 47,496,756 |
| Market Maker portion | 672,000 shares Nnm Securities |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Jeyyam Global Foods IPO raises Rs 23.03 crore from anchor investors. Jeyyam Global Foods IPO Anchor bid date is August 30, 2024. Jeyyam Global Foods IPO Anchor Investors list
| Bid Date | August 30, 2024 |
| Shares Offered | 3,776,000 |
| Anchor Portion Size (In Cr.) | 23.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 4, 2024 |
Jeyyam Global Foods IPO opens on September 2, 2024, and closes on September 4, 2024.
| IPO Open Date | Monday, September 2, 2024 |
| IPO Close Date | Wednesday, September 4, 2024 |
| Basis of Allotment | Thursday, September 5, 2024 |
| Initiation of Refunds | Friday, September 6, 2024 |
| Credit of Shares to Demat | Friday, September 6, 2024 |
| Listing Date | Monday, September 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 4, 2024 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |
| Lot Size Calculator | |||
The Promoters of the Company are Mr. Shripal Veeramchand Sanghvi, Mr. Amit Agarwal, Mrs. Sujathaa Mehta, Shanti Guru Industries Limited, Mrs. Sarika Ssangavi, M/s. Shripal Sanghvi HUF and M/s. Mahipal Sanghvi HUF.
| Share Holding Pre Issue | 92.00% |
| Share Holding Post Issue |
Established in 2008, Jeyyam Global Foods Limited, formerly known as Kichoni Online Services Private Limited, produces and/or processes Bengali chickpeas (locally known as ‘chana'), Fried Gram, and Besan Flour and supplies these to a variety of markets such as distributors, large retailers, hotels, restaurants, caterers, branded supermarkets and wholesalers.
The company has obtained an FSSAI license for its two factory locations Ammalamudugu and Devattipatti and ensures that ISO 9001:2015 and ISO 22000:2018 standards are maintained at both factory locations and has obtained ISO certification for the Salem factory.
Jeyyam's product portfolio includes:
As of March 31, 2024, the company had 155 permanent employees.
Jeyyam Global Foods Limited's revenue increased by 65% and profit after tax (PAT) rose by 92% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 19,226.39 | 16,835.02 | 9,941.17 | |||||||||||||||||||||||||||
| Revenue | 62,983.42 | 38,220.62 | 25,388.3 | |||||||||||||||||||||||||||
| Profit After Tax | 1,509.11 | 786.8 | 436.8 | |||||||||||||||||||||||||||
| Net Worth | 8,022.42 | 6,513.6 | 5,726.51 | |||||||||||||||||||||||||||
| Reserves and Surplus | 6,252.02 | 6,452.26 | 5,665.46 | |||||||||||||||||||||||||||
| Total Borrowing | 9,620.5 | 9,226.05 | 3,319.3 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Jeyyam Global Foods IPO is Rs 289.73 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.81% |
| ROCE | 26.27% |
| Debt/Equity | 1.2 |
| RoNW | 18.81% |
| P/BV | 2.69 |
| PAT Margin (%) | 2.4 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.26 | 3.18 |
| P/E (x) | 14.31 | 19.2 |
The company proposes to utilize the funds towards the funding of the following objectives:
[Dilip Davda] The company is primarily in the business of manufacturing/processing “Chana” and has major revenues coming from these activities. It marked super growth for FY24 that raises eyebrows. Based on this performance, the issue appears fully priced discounting all near term positives. Well-informed investors may park funds for the long term. Read detail review...
Jeyyam Global Foods Limited
No.37 (Old No.19),
Padmavathiyar Road,
Gopalapuram, Chennai � 600 086
Phone: 044-4505 4101
Email: info@jeyyamfoods.in
Website: http://www.jeyyamfoods.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jgfl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Jeyyam Global Foods IPO is a SME IPO of 13,432,000 equity shares of the face value of ₹5 aggregating up to ₹81.94 Crores. The issue is priced at ₹59 to ₹61 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 2, 2024, and closes on September 4, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jeyyam Global Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Jeyyam Global Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jeyyam Global Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jeyyam Global Foods IPO opens on September 2, 2024 and closes on September 4, 2024.
Jeyyam Global Foods IPO lot size is 2000 Shares, and the minimum amount required is ₹122,000.
You can apply in Jeyyam Global Foods 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 Jeyyam Global Foods IPO will be done on Thursday, September 5, 2024, and the allotted shares will be credited to your demat account by Friday, September 6, 2024. Check the Jeyyam Global Foods IPO allotment status.
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