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Jonjua Overseas IPO is a fixed price issue of Rs 1.30 crores.
Jonjua Overseas IPO bidding started from February 12, 2019 and ended on February 15, 2019. The shares got listed on BSE SME on February 25, 2019.
Jonjua Overseas IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
Finshore Management Services Limited is the book running lead manager of the Jonjua Overseas IPO, while Satellite Corporate Services Private Limited is the registrar for the issue.
Refer to Jonjua Overseas IPO RHP for detailed information.
| IPO Date | February 12, 2019 to February 15, 2019 |
| Listing Date | February 25, 2019 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 1,300,000 shares (aggregating up to ₹1.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,436,253 |
| Share holding post issue | 4,736,253 |
| Market Maker portion | 70,000 shares |
Jonjua Overseas IPO offers 1,300,000 shares. 610,000 (46.92%) to NII, 620,000 (47.69%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 70,000 (5.38%) |
| Other Shares Offered | 610,000 (46.92%) |
| Retail Shares Offered | 620,000 (47.69%) |
| Total Shares Offered | 1,300,000 (100%) |
Investors can bid for a minimum of 10000 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 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
The Promoters of the company are (i) Major Harjinder Singh Jonjua (Retd), (ii) Mrs Manider Kaur Jonjua (iii) Mr Harmanpreet Singh Jonjua, (iv) Mrs Ranbir Kaur Jonjua and (v) H S Jonjua & Sons (HUF). They hold 25,87,808 Equity Shares which in the aggregate, constitutes 75.31% of the issued and paid-up Equity Share capital of the Company.
| Share Holding Pre Issue | 75.31% |
| Share Holding Post Issue | 63.57% |
Incorporated in 1993, Punjab based Jonjua Overseas Limited is a company engaged in IT-enabled services. The company is a certified service provider to global clients of IT Solution & Business Services. The services include Startup consultancy, Outsourcing Services that include Import and Export Consultancy, International Project Finance and IPO, Legal and Accounts Outsourcing, Digital Solutions includes Website and Software Development and Cross Border Marketing, Brand Building and Business Plan service provider.
Major Achievements of the Company-
1. Selected as a loan originator for a new alliance with the private sector designed to support small and medium-sized enterprises (SMEs) expanding into emerging markets overseas by The Overseas Private Investment Corporation (OPIC).
2. Submitted the proposal of Accelerators Africa Limited based in Accra, Ghana, West Africa for EDN / ATA funding (www.ednaccess.com) which was approved.
3. Signed MOU with Department of Office Management and Secretarial Practice of Mehr Chand Mahajan DAV College for Women, Chandigarh to bridge the gap between Education and Industry.
The company has 9 full-time employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-May-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 559.91 | 472.94 | 381.25 | 331.57 | 9.15 | 4.68 |
| Total Revenue | 32.27 | 65.57 | 37.31 | 31.67 | 23.77 | 15.72 |
| Profit After Tax | 1.25 | 3.18 | 2.06 | 1.37 | 0.044 | (0.011) |
The Objects of the Issue are to meet:
1. Working capital requirement;
2. The Issue Expenses; and
3. General corporate purpose
[Dilip Davda]
Based on financial data, despite being at par issue, there is no ham in giving it a miss.
Read detail review...The Jonjua Overseas IPO is subscribed 1.17 times on February 15, 2019 7:49:07 PM. The public issue subscribed 1.32 times in the retail category, times in the QIB category, and 1.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.02 |
| Retail | 1.32 |
| Total | 1.17 |
| Listing Date | February 25, 2019 |
| BSE Script Code | 542446 |
| NSE Symbol | |
| ISIN | INE793Z01027 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹12.00 |
| ₹11.40 |
| ₹12.00 |
| ₹11.40 |
Jonjua Overseas Limited
HM228,
Phase 2,
SAS Nagar, Mohali-160055,
Phone: +91 9872172032
Email: contactus@jonjua.com
Website: http://www.jonjuaoverseas.webs.com/
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
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Jonjua Overseas IPO is a SME IPO of 1,300,000 equity shares of the face value of ₹10 aggregating up to ₹1.30 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on February 12, 2019, and closes on February 15, 2019.
Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Jonjua Overseas IPO opens on February 12, 2019 and closes on February 15, 2019.
Jonjua Overseas IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
You can apply in Jonjua Overseas 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 Jonjua Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jonjua Overseas IPO allotment status.
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