Bookbuilding IPO | ₹12 Cr | Listed at BSE SME | Thu, Mar 28, 2024 - Wed, Apr 3, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,16,800 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 28, 2024
IPO Close
Wed, Apr 3, 2024
Issue Price
₹73 per share
Market Cap (Pre-IPO)
₹36.48 Cr
| IPO Date | 28 Mar to 3 Apr, 2024 |
| Listed on | Mon, Apr 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹73 |
| Issue Price | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,33,600 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 83,200 shares Rikhav Securities Ltd. (agg. up to ₹0.6074 Cr) |
| Fresh Issue (Ex Market Maker) | 15,50,400 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 15,50,400 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 33,63,333 shares |
| Share Holding Post Issue | 49,96,933 shares |
| BSE Script Code | 544160 |
| ISIN | INE0MSS01019 |
Jay Kailash Namkeen IPO comprises a total issue size of 16,33,600 shares. The net offer to the public is 15,50,400 shares, after excluding 83,200 shares allotted on a firm basis. Of the Net offer 4,64,000 (29.93%) are allocated to QIB, 3,10,400 (20.02%) allocated to NII 7,76,000 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 4,64,000 | 29.93% | 28.40% |
| NII (HNI) Shares Offered | 3,10,400 | 20.02% | 19.00% |
| Retail Shares Offered | 7,76,000 | 50.05% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 83,200 | 5.09% | |
| Total Shares Offered | 16,33,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 11.18 | 6.71 | 6.13 | 3.74 |
| Total Income | 6.46 | 9.88 | 10.43 | 13.15 |
| Profit After Tax | 0.40 | 0.89 | 0.55 | 0.09 |
| NET Worth | 5.82 | 3.59 | 0.83 | 0.28 |
| Reserves and Surplus | 2.46 | 0.66 | 0.49 | |
| Total Borrowing | 3.55 | 2.38 | 0.66 | 1.12 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirement and | 7.00 |
| 2 | General corporate purpose | 2.93 |
| KPI | Mar 31, 2023 |
|---|---|
| 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 (₹) | 2.64 | 1.21 |
| P/E (x) | 27.65 | 60.12 |
| Promoter Holding | 71.82% | 48.33% |
| Market Cap | ₹36.48 Cr. |
The Jay Kailash Namkeen IPO is subscribed 40.02 times on April 3, 2024 6:21:07 PM (Day 4). The public issue subscribed 50.99 times in the retail category, 2.32 times in the QIB category, and 68.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.32 | 4,64,000 | 10,78,400 |
| NII* | 68.93 | 3,10,400 | 2,13,96,800 |
| Retail | 50.99 | 7,76,000 | 3,95,68,000 |
| Total | 40.02 | 15,50,400 | 6,20,43,200 |
Total Application : 32,073
*Market Maker portion is not included to NII/HNI.
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue relating expenses such as fees to Book Running Lead Manager Fixed Fee, Registrar to the Issue Legal Advisors, Auditors, Paper Advertisements and other expenses incurred/ to be incurred including promotional expenses | 1.05 |
| 2 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.89 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses. | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹73.00 |
| Open | ₹85.00 |
| Low | ₹80.75 |
| High | ₹86.90 |
| Last Trade | ₹80.75 |
Lead Manager Reports
Jay Kailash Namkeen IPO is a SME IPO of 16,33,600 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Mar 28, 2024, and closes on Wed, Apr 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 Thu, Mar 28, 2024 and closes on Wed, Apr 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 Fri, Apr 5, 2024. Check the Jay Kailash Namkeen IPO allotment status.
The Jay Kailash Namkeen IPO listing date is on Mon, Apr 8, 2024.
