Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Jay Kailash Namkeen IPO is a book build issue of ₹11.93 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹11.93 crore.
Jay Kailash Namkeen IPO bidding started from Mar 28, 2024 and ended on Apr 3, 2024. The allotment for Jay Kailash Namkeen IPO was finalized on Apr 4, 2024. The shares got listed on BSE SME on Apr 8, 2024.
Jay Kailash Namkeen IPO price band is set at ₹73.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,12,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,33,600.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Jay Kailash Namkeen IPO RHP for detailed Information.
| IPO Date | March 28, 2024 to April 3, 2024 |
| Listing Date | April 8, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹70 to ₹73 per share |
| Issue Price Final | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,33,600 shares (aggregating up to ₹11.93 Cr) |
| Reserved for Market Maker | 83,200 shares Rikhav Securities Ltd. (aggregating up to ₹0.6074 Cr) |
| Net Offered to Public | 15,50,400 shares (aggregating up to ₹11.32 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 33,63,333 shares |
| Share Holding Post Issue | 49,96,933 shares |
Jay Kailash Namkeen IPO offers total 16,33,600 shares. Out of which 4,64,000 (28.40%) allocated to QIB, 3,10,400 (19.00%) allocated to NII, 7,76,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 83,200 (5.09%) |
| QIB Shares Offered | 4,64,000 (28.40%) |
| NII (HNI) Shares Offered | 3,10,400 (19.00%) |
| Retail Shares Offered | 7,76,000 (47.50%) |
| Total Shares Offered | 16,33,600 (100.00%) |
Jay Kailash Namkeen IPO opens on March 28, 2024, and closes on April 3, 2024.
| IPO Open Date | Thu, Mar 28, 2024 |
| IPO Close Date | Wed, Apr 3, 2024 |
| Tentative Allotment | Thu, Apr 4, 2024 |
| Initiation of Refunds | Fri, Apr 5, 2024 |
| Credit of Shares to Demat | Fri, Apr 5, 2024 |
| Tentative Listing Date | Mon, Apr 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 3, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,16,800 |
| Retail (Max) | 1 | 1,600 | ₹1,16,800 |
| HNI (Min) | 2 | 3,200 | ₹2,33,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Jay Kailash Namkeen Limited was established in 2021 and manufactures packaged Indian snacks.
The company's product portfolio includes Chana Jor Namkeen, Masala Chana Jor, Pudina Chana, Masala Mung Jor, Plain Mung Jor, Soya Sticks, Haldi Chanas, Chana dal, Sev Murmura & Garlic Sev Murmura, Bhavnagari Gathiya, Chana Dal, Sing Bhujia, Popcorn, Roasted Peanuts, etc.
The company has 186 SKUs of 56 products in sizes of ₹5, ₹10, 200 grams, 400 grams, 500 grams, 5 kilograms and 20 kilograms.
Jay Kailash Namkeen's customers come from Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Uttar Pradesh.
The company's production facility is located in Rajkot, Gujarat, and has a production capacity of 10 tons per working day.
As of November 30, 2023, the company employed 14 permanent employees and 35 hourly paid on-call workers for production and shipping and 6 employees for marketing and sales.
Jay Kailash Namkeen Limited's revenue decreased by -5.31% and profit after tax (PAT) rose by 62.71% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,118.30 | 671.19 | 613.46 | 373.57 |
| Total Income | 646.19 | 987.74 | 1,043.12 | 1,314.80 |
| Profit After Tax | 40.45 | 88.79 | 54.57 | 8.81 |
| Net Worth | 582.45 | 359.21 | 83.20 | 28.42 |
| Reserves and Surplus | 246.12 | 65.88 | 49.42 | |
| Total Borrowing | 354.67 | 238.44 | 65.76 | 111.58 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Jay Kailash Namkeen IPO is ₹36.48 Cr.
KPI as of Fri, Mar 31, 2023.
| KPI | Values |
|---|---|
| ROE | 24.72% |
| ROCE | 31.91% |
| Debt/Equity | 0.61 |
| RoNW | 24.72% |
| PAT Margin | 9.06% |
| Price to Book Value | 5.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.64 | 1.21 |
| P/E (x) | 27.65 | 60.12 |
The company intends to utilize the net proceeds of the issue to meet the following objects:
[Dilip Davda] The company is operating in a highly competitive segment of namkeen. It posted inconsistency in its financial performance for the reported periods. Low capacity utilization is a major concern. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this pricey bet. Read detail review...
Note:
1. The amount of Total income and PAT for FY 2022 is calculated by adding values from July 1, 2021, to March 31, 2022, and From April 1, 2021, to June 30, 2021 (i.e. 725.97+317.15 = Rs. 1043.12 lacs) as given in the income statement. Similarly, for total assets, Total assets are taken Rs. 613.46 Lakhs for FY 2022 (i.e. 223.25+ 390.21).
2. November 30, 2023 financial data - From April 1, 2023, to November 30, 2023.
| Listing Date | April 8, 2024 |
| BSE Script Code | 544160 |
| NSE Symbol | |
| ISIN | INE0MSS01019 |
| Final Issue Price | ₹73 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹73.00 |
| Open | ₹85.00 |
| Low | ₹80.75 |
| High | ₹86.90 |
| Last Trade | ₹80.75 |
Jay Kailash Namkeen Ltd.
Deeva House, Fourth Floor,
Diwanpara 11/12 corner, Rajkot City,
Rajkot - 360001
Rajkot, Gujarat
Phone: 0281-2993110
Email: cs@jaykailashnamkeen.com
Website: http://www.jaykailashnamkeen.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Jay Kailash Namkeen IPO is a SME IPO of 16,33,600 equity shares of the face value of ₹10 aggregating up to ₹11.93 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600.
The IPO opens on March 28, 2024, and closes on April 3, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Jay Kailash Namkeen IPO using UPI as a payment gateway. Zerodha customers can apply in Jay Kailash Namkeen IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jay Kailash Namkeen IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jay Kailash Namkeen IPO opens on March 28, 2024 and closes on April 3, 2024.
Jay Kailash Namkeen IPO lot size is 1600, and the minimum amount required for application is ₹1,16,800.
You can apply in Jay Kailash Namkeen IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jay Kailash Namkeen IPO will be done on Thursday, April 4, 2024, and the allotted shares will be credited to your demat account by Friday, April 5, 2024. Check the Jay Kailash Namkeen IPO allotment status.
The Jay Kailash Namkeen IPO listing date is on Monday, April 8, 2024.
Useful Articles
RHP