Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Wed, Mar 31, 2021 - Wed, Apr 7, 2021
Jetmall Spices IPO is a fixed price issue of ₹4.98 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹4.98 crore.
Jetmall Spices IPO bidding started from Mar 31, 2021 and ended on Apr 7, 2021. The allotment for Jetmall Spices IPO was finalized on Apr 12, 2021. The shares got listed on BSE SME on Apr 19, 2021.
Jetmall Spices IPO price is ₹20 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Mark Corporate Advisors Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Harjivandas Nemidas Securities Pvt.Ltd..
Refer to Jetmall Spices IPO RHP for detailed Information.
IPO Open
Wed, Mar 31, 2021
IPO Close
Wed, Apr 7, 2021
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹11.99 Cr
| IPO Date | 31 Mar to 7 Apr, 2021 |
| Listed on | Mon, Apr 19, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,90,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,26,000 shares Harjivandas Nemidas Securities Pvt.Ltd. (agg. up to ₹0.2520 Cr) |
| Fresh Issue (Ex Market Maker) | 23,64,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 23,64,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 35,02,900 shares |
| Share Holding Post Issue | 59,92,900 shares |
| BSE Script Code | 543286 |
| ISIN | INE0D9X01018 |
Jetmall Spices IPO comprises a total issue size of 24,90,000 shares. The net offer to the public is 23,64,000 shares, after excluding 1,26,000 shares allotted on a firm basis. Of the Net offer 11,82,000 (50.00%) allocated to NII 11,82,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,82,000 | 50.00% | 47.47% |
| Retail Shares Offered | 11,82,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,26,000 | 5.06% | |
| Total Shares Offered | 24,90,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in 2012, Jetmall Spices and Masala Limited is engaged in the trading and marketing activities of spices, food products, masalas, and dry fruits. Its product portfolio includes ready-to-eat foods, food grains, nuts, dry fruits, food ingredients, processed foods, food stuffs, etc.
It imports spices from countries i.e. Srilanka, Vietnam, Indonesia, etc., and supplies it in India in bulk quantity. It follows the B2B business model to sell products to various parties like Masala manufacturers, exporters, etc.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Ten (10) new Retail Outlets | 1.65 |
| 2 | To meet the Working Capital Requirements | 2.00 |
| 3 | General Corporate Purposes | 0.85 |
| 4 | Issue Expenses | 0.48 |
The Jetmall spices and masala ipo is subscribed 1.36 times on April 7, 2021 7:47:00 AM (Day 6). The public issue subscribed 0.82 times in the retail category, [.] times in the QIB category, and 1.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.9 | 11,82,000 | 22,50,000 |
| Retail | 0.82 | 11,82,000 | 9,66,000 |
| Total | 1.36 | 23,64,000 | 32,16,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.30 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.08 |
| 3 | Advertisement & Marketing Expenses | 0.07 |
| 4 | Regulatory & other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.50 |
| Low | ₹19.50 |
| High | ₹21.00 |
| Last Trade | ₹19.50 |
Lead Manager Reports
Jetmall Spices IPO is a SME IPO of 24,90,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Mar 31, 2021, and closes on Wed, Apr 7, 2021.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Jetmall Spices IPO using UPI as a payment gateway. Zerodha customers can apply in Jetmall Spices IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jetmall Spices IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jetmall Spices IPO opens on Wed, Mar 31, 2021 and closes on Wed, Apr 7, 2021.
Jetmall Spices IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Jetmall Spices 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 Jetmall Spices IPO will be done on Monday, April 12, 2021, and the allotted shares will be credited to your demat account by Thu, Apr 15, 2021. Check the Jetmall Spices IPO allotment status.
The Jetmall Spices IPO listing date is on Mon, Apr 19, 2021.
