Jeyyam Global Foods Limited IPO Overview
Jeyyam Global Foods IPO is set to launch as a book-built issue, with a total size of Rs 81.94 crores. This IPO consists of a fresh issue of 120.89 lakh shares, totaling Rs 73.74 crores, alongside an offer for the sale of 13.43 lakh shares, aggregating to Rs 8.19 crores.
The subscription window for Jeyyam Global Foods IPO opens on September 2, 2024, and will close on September 4, 2024. Investors can expect the allotment to be finalized on Thursday, September 5, 2024, with the shares being listed on the NSE SME. The tentative listing date is set for Monday, September 9, 2024.
The price band for the Jeyyam Global Foods IPO is determined at ₹59 to ₹61 per share. Retail investors must apply for a minimum lot size of 2000 shares, requiring a minimum investment of ₹122,000. High Net-worth Individuals (HNIs) can invest in a minimum of 2 lots, totaling 4,000 shares and ₹244,000.
Corpwis Advisors Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited serves as the registrar. Nnm Securities will act as the market maker for the Jeyyam Global Foods IPO.
Jeyyam Global Foods IPO Important dates
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 |
| The 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 |
Jeyyam Global Foods Limited IPO Financial Performance
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹192.26 Cr | ₹168.35 Cr | ₹99.41 Cr |
| Revenue | ₹629.83 Cr | ₹382.21 Cr | ₹253.88 Cr |
| Profit After Tax | ₹15.09 Cr | ₹7.87 Cr | ₹4.37 Cr |
| Net Worth | ₹80.22 Cr | ₹65.14 Cr | ₹57.27 Cr |
| Reserves and Surplus | ₹62.52 Cr | ₹64.52 Cr | ₹56.65 Cr |
| Total Borrowing | ₹96.21 Cr | ₹92.26 Cr | ₹33.19 Cr |
Jeyyam Global Foods IPO Key Performance Indicator
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 |
Jeyyam Global Foods Limited IPO Objectives
The company proposes to utilize the funds towards the funding of the following objectives:
- Working Capital Requirements
- Capital Expenditures
- General Corporate Purposes
Jeyyam Global Foods IPO Lot Size
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 |
Jeyyam Global Foods Limited IPO Details
| 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 |
| Shareholding pre-issue | 35,407,956 |
| Shareholding post-issue | 47,496,756 |
| Market Maker portion | 672,000 shares |
Jeyyam Global Foods Limited Company: Overview and Services
Established in 2008, Jeyyam Global Foods Limited, previously known as Kichoni Online Services Private Limited, has made a significant mark in the food processing industry. Specializing in the production and processing of Bengali chickpeas, also known locally as ‘chana,’ the company offers a diverse range of products, including Fried Gram and Besan Flour. These products are supplied to a broad spectrum of markets, including distributors, large retailers, hotels, restaurants, caterers, branded supermarkets, and wholesalers.
Commitment to Quality and Certification
Jeyyam Global Foods Limited operates with a strong commitment to quality. The company holds an FSSAI license for its two factory locations in Ammalamudugu and Devattipatti. To ensure the highest standards, the company maintains ISO 9001:2015 and ISO 22000:2018 certifications across its production facilities. Additionally, the Salem factory has also earned ISO certification, further emphasizing the company’s dedication to excellence in food safety and quality management.
Diverse Product Portfolio
Jeyyam’s product portfolio is comprehensive, catering to a wide range of consumer needs. The company’s offerings include:
- Jeyyam Fried Gram (Split and Whole)
- Standard Fried Gram (Split and Whole)
- Jeyyam Gram Flour
- Leader Gram Flour
- Ponni Gram Flour
These products have established Jeyyam as a trusted name in the food processing sector.
Skilled Workforce
As of March 31, 2024, Jeyyam Global Foods Limited employed 155 permanent staff members, showcasing its commitment to creating jobs and sustaining a skilled workforce.
With a strong foundation, rigorous quality standards, and a diverse product range, Jeyyam Global Foods Limited continues to grow and thrive, making it a key player in the global food processing industry.
SWOT Analysis
Strengths:
- Established presence in the chickpea and gram flour market FSSAI-licensed and ISO-certified manufacturing facilities
- Diverse product portfolio catering to various market segments
- Experienced management team
Weaknesses:
- Concentration in specific product categories
- Potential dependency on key raw materials
- Regional market focus
Opportunities:
- Growing demand for packaged food products in India
- Potential for expansion into new geographical markets
- Increasing health consciousness driving demand for nutritious food options
Threats:
- Fluctuations in raw material prices Intense competition in the food processing industry Regulatory changes affecting food safety standards
Jeyyam Global Foods IPO GMP Details
Jeyyam Global Foods SME IPO last GMP is ₹25., last updated Sep 4rd 2024. With a price band of 61.00, Jeyyam Global Foods SME IPO‘s estimated listing price is ₹86 (cap price + today’s GMP). The expected percentage gain/loss per share is 40.98%.
Stay with us to know the daily price trend of Jeyyam Global Foods SME IPO GMP with an expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 04-09-2024 Close | 61.00 | ₹25  |
38000 | ₹86 (40.98%) | 4-Sep-2024 |
| 03-09-2024 | 61.00 | ₹25  |
38000 | ₹86 (40.98%) | 3-Sep-2024 |
| 02-09-2024 Open | 61.00 | ₹0 |
— | ₹61 (0%) | 2-Sep-2024 |
| 01-09-2024 | 61.00 | ₹0 |
— | ₹61 (0%) | 1-Sep-2024 |
| 31-08-2024 | 61.00 | ₹0 |
— | ₹61 (0%) | 31-Aug-2024 |
| 30-08-2024 | 61.00 | ₹0 |
— | ₹61 (0%) | 30-Aug-2024 |
| 29-08-2024 | 61.00 | ₹0 |
— | ₹61 (0%) | 29-Aug-2024 |
| 28-08-2024 | 61.00 | ₹0 |
— | ₹61 (0%) | 28-Aug-2024 |
| 27-08-2024 | 61.00 | ₹0 |
— | ₹61 (0%) | 27-Aug-2024 |
| 26-08-2024 | 61.00 | ₹0 |
— | ₹61 (0%) | 26-Aug-2024 |
Jeyyam Global Foods Limited IPO subscription status
Jeyyam Global Foods IPO subscribed 8.56 times. The public issue subscribed 13.02 times in the retail category, 0.63 times in QIB, and 8.96 times in the NII category by September 4, 2024.
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Anchor Investors | 1 | 37,76,000 | 37,76,000 | 23.03 |
| Market Maker | 1 | 6,72,000 | 6,72,000 | 4.10 |
| Qualified Institutions | 0.63 | 26,04,000 | 16,40,000 | 10.00 |
| Non-Institutional Buyers*** | 8.96 | 19,14,000 | 1,71,44,000 | 104.58 |
| Retail Investors | 13.02 | 44,66,000 | 5,81,40,000 | 354.65 |
| Total ** | 8.56 | 89,84,000 | 7,69,24,000 | 469.24 |
Total Application: 29,070
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- ***: Market Maker portion is not included in NII/HNI.
Jeyyam Global Foods IPO Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 2, 2024 |
0.63 | 0.97 | 2.47 | 1.62 |
| Day 2 Sep 3, 2024 |
0.63 | 2.70 | 7.26 | 4.37 |
| Day 3 Sep 4, 2024 |
0.63 | 8.96 | 13.02 | 8.56 |
Jeyyam Global Foods IPO Allotment status
The allotment status of Jeyyam Global Foods IPO is expected to be available on September 5, 2024.
Jeyyam Global Foods IPO allotment status is not available at this time. Jeyyam Global Foods IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates on Jeyyam Global Foods Limited’s IPO allotment status.
To check Jeyyam Global Foods IPO allotment status, follow the steps below:
- Click on the allotment status check button below.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to jgfl.ipo@kfintech.com.
Contact Details
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/
Read this also: Best SME IPO Consultants | SME IPO Advisory
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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