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Jiya Eco Products IPO is a fixed price issue of Rs 4.58 crores.
Jiya Eco Products IPO bidding started from June 29, 2015 and ended on July 2, 2015. The shares got listed on BSE SME on July 16, 2015.
Jiya Eco Products IPO price is ₹19 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹114,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Jiya Eco Products IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Jiya Eco Products IPO RHP for detailed information.
| IPO Date | June 29, 2015 to July 2, 2015 |
| Listing Date | July 16, 2015 |
| Face Value | ₹10 per share |
| Price | ₹19 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,412,000 shares (aggregating up to ₹4.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,518,314 |
| Share holding post issue | 8,930,314 |
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 | ₹114,000 |
| Retail (Max) | 1 | 6000 | ₹114,000 |
| Lot Size Calculator | |||
The promoters of the company are:
1. Bhavesh Kakadiya
2. Harshad Monpara
3. Yogesh Patel
| Share Holding Pre Issue | 85.47% |
| Share Holding Post Issue | 62.39% |
Incorporated in 2011, Jiya Eco Products Ltd is an ISO 9001:2008 certified company engaged in the manufacturing of bio-fuels viz. bio-briquettes and bio-pellets which is an alternative source of energy and has the ability to replace/are fairly good substitutes of traditional fossil fuels like coal, firewood, lignite, etc.
At present, the company has authorised collection centres spread over surrounding villages to source agricultural waste which serves as the major raw material in production of bio-fuels. The company received various incentives from Government including tax holiday, interest rate subvention and VAT exemption. Currently JEPL is one of the key players across the state of Gujarat in bio-fuel sector and has plans to expand its presence on PAN India basis.
| KPI | Values |
|---|---|
| RoNW | 17.2% |
The object of the issue are:
1. Purchase of new machinery;
2. Working capital requirement; and
3. Meet issue expenses.
[Dilip Davda]
If we attribute the FY 2015 earning on annualized basis on fully diluted equity post IPO then the asking price is at a P/E of 5 plus that makes it a justified price IPO.
On performance front, the company has posted turnover/net profit of Rs. 1.65/Rs. 0.07 crore (FY 2013) and Rs. 14.02/Rs. 1.05 crore (FY 2014). For first nine months ended 31.12.14 it has earned net profit of Rs. 2.40 crore on a turnover of Rs. 20.46 crore.
This is 9th IPO from this merchant banker that has positive return record for its past seven listed mandates and eighth IPO of Ambition that is closing on 30.06.15.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.
Read detail review...
| Listing Date | July 16, 2015 |
| BSE Script Code | 539225 |
| NSE Symbol | JIYAECO |
| ISIN | INE023S01016 |
| Final Issue Price | ₹19 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹19.00 |
| ₹21.75 |
| ₹21.00 |
| ₹22.00 |
| ₹21.00 |
Jiya Eco Products Ltd
G-6/7 B Ruthraj Complex,
Opp A V School Ground,
Bhavnagar - 364001, Gujarat
Phone: +91-2841-281028
Email: ipo@jiyaeco.in
Website: http://www.jiyaeco.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Jiya Eco Products IPO is a SME IPO of 2,412,000 equity shares of the face value of ₹10 aggregating up to ₹4.58 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 6000 Shares.
The IPO opens on June 29, 2015, and closes on July 2, 2015.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Jiya Eco Products IPO opens on June 29, 2015 and closes on July 2, 2015.
Jiya Eco Products IPO lot size is 6000 Shares, and the minimum amount required is ₹114,000.
You can apply in Jiya Eco Products 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 Jiya Eco Products IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jiya Eco Products IPO allotment status.
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