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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 ₹20.00 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). The minimum lot size investment for 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 Date | March 31, 2021 to April 7, 2021 |
| Listing Date | April 19, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,90,000 shares (aggregating up to ₹4.98 Cr) |
| Reserved for Market Maker | 1,26,000 shares Harjivandas Nemidas Securities Pvt.Ltd. (aggregating up to ₹0.2520 Cr) |
| Net Offered to Public | 23,64,000 shares (aggregating up to ₹4.73 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,02,900 shares |
| Share Holding Post Issue | 59,92,900 shares |
Jetmall spices and masala ipo offers total 24,90,000 shares. Out of which 11,82,000 (47.47%) allocated to NII, 11,82,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,26,000 (5.06%) |
| NII (HNI) Shares Offered | 11,82,000 (47.47%) |
| Retail Shares Offered | 11,82,000 (47.47%) |
| Total Shares Offered | 24,90,000 (100.00%) |
Jetmall Spices IPO opens on March 31, 2021, and closes on April 7, 2021.
| IPO Open Date | Wed, Mar 31, 2021 |
| IPO Close Date | Wed, Apr 7, 2021 |
| Tentative Allotment | Mon, Apr 12, 2021 |
| Initiation of Refunds | Mon, Apr 12, 2021 |
| Credit of Shares to Demat | Thu, Apr 15, 2021 |
| Tentative Listing Date | Mon, Apr 19, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 7, 2021 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 602.24 | 885.35 | 1,988.59 | 1,738.16 | |
| Total Revenue | 925.90 | 3,915.62 | 4,344.54 | 5,032.61 | |
| Profit After Tax | 64.92 | 14.77 | 17.61 | 25.62 | |
The Company Jetmall Spices IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] The offer document is unpalatable and silent on many informal data. It has posted declining financial performance for the last three fiscals and whopping profits for the first half which is raising eyebrows. The asking price is at a P/E of 40 plus on the basis of the last three year’s average. The sustainability of FY21 first-half performance is a million-dollar question. Based on issue expenses criteria, this issue is fully structured. There is no harm in giving this issue a miss. Read detail review...
| Listing Date | April 19, 2021 |
| BSE Script Code | 543286 |
| NSE Symbol | |
| ISIN | INE0D9X01018 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.50 |
| Low | ₹19.50 |
| High | ₹21.00 |
| Last Trade | ₹19.50 |
Jetmall Spices & Masala Ltd.
87A,
Govindappa Naicken Street,
Sowcarpet,
Chennai, Tamil Nadu, 600001
Phone: 044-2536 0269
Email: jetmallltd@gmail.com
Website: https://jetmallltd.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Jetmall Spices IPO is a SME IPO of 24,90,000 equity shares of the face value of ₹10 aggregating up to ₹4.98 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on March 31, 2021, and closes on April 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 March 31, 2021 and closes on April 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 Thursday, April 15, 2021. Check the Jetmall Spices IPO allotment status.
The Jetmall Spices IPO listing date is on Monday, April 19, 2021.
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