Bookbuilding IPO | ₹82 Cr | Listed at NSE SME | Mon, Sep 2, 2024 - Wed, Sep 4, 2024
Jeyyam Global Foods IPO is a book build issue of ₹81.94 crores. The issue is a combination of fresh issue of 1.21 crore shares aggregating to ₹73.74 crores and offer for sale of 0.13 crore shares aggregating to ₹8.19 crores.
Jeyyam Global Foods IPO bidding started from Sep 2, 2024 and ended on Sep 4, 2024. The allotment for Jeyyam Global Foods IPO was finalized on Sep 5, 2024. The shares got listed on NSE SME on Sep 9, 2024.
Jeyyam Global Foods IPO price band is set at ₹61 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,22,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,44,000.
Corpwis Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Jeyyam Global Foods IPO RHP for detailed Information.
IPO Open
Mon, Sep 2, 2024
IPO Close
Wed, Sep 4, 2024
Issue Price
₹61 per share
Market Cap (Pre-IPO)
₹289.73 Cr
| IPO Date | 2 to 4 Sep, 2024 |
| Listed on | Mon, Sep 9, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹59 to ₹61 |
| Issue Price | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 1,34,32,000 shares (agg. up to ₹82 Cr) |
| Reserved for Market Maker | 6,72,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 1,14,16,800 shares (agg. up to ₹70 Cr) |
| Offer for Sale | 13,43,200 shares of ₹5 (agg. up to ₹8 Cr) |
| Net Offered to Public | 1,27,60,000 shares (agg. up to ₹78 Cr) |
| Share Holding Pre Issue | 3,54,07,956 shares |
| Share Holding Post Issue | 4,74,96,756 shares |
| NSE Symbol | JEYYAM |
| ISIN | INE0RXB01022 |
Jeyyam Global Foods IPO comprises a total issue size of 1,34,32,000 shares. The net offer to the public is 1,27,60,000 shares, after excluding 6,72,000 shares allotted on a firm basis. Of the Net offer 63,80,000 (50.00%) are allocated to QIB, 19,14,000 (15.00%) allocated to NII 44,66,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 63,80,000 | 50.00% | 47.50% |
| − Anchor Investor Shares Offered | 37,76,000 | 28.11% | |
| − QIB (Ex. Anchor) Shares Offered | 26,04,000 | 19.39% | |
| NII (HNI) Shares Offered | 19,14,000 | 15.00% | 14.25% |
| Retail Shares Offered | 44,66,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 6,72,000 | 5.00% | |
| Total Shares Offered | 1,34,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Jeyyam Global Foods IPO raises ₹23.03 crore from anchor investors. Jeyyam Global Foods IPO Anchor bid date is August 30, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Aug 30, 2024 |
| Shares Offered | 37,76,000 |
| Anchor Portion (₹ Cr.) | 23.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 4, 2024 |
Established in 2008, Jeyyam Global Foods Limited, formerly known as Kichoni Online Services Private Limited, produces and/or processes Bengali chickpeas (locally known as ‘chana'), Fried Gram, and Besan Flour and supplies these to a variety of markets such as distributors, large retailers, hotels, restaurants, caterers, branded supermarkets and wholesalers.
The company has obtained an FSSAI license for its two factory locations Ammalamudugu and Devattipatti and ensures that ISO 9001:2015 and ISO 22000:2018 standards are maintained at both factory locations and has obtained ISO certification for the Salem factory.
Jeyyam's product portfolio includes:
As of March 31, 2024, the company had 155 permanent employees.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 192.26 | 168.35 | 99.41 |
| Total Income | 629.83 | 382.21 | 253.88 |
| Profit After Tax | 15.09 | 7.87 | 4.37 |
| NET Worth | 80.22 | 65.14 | 57.27 |
| Reserves and Surplus | 62.52 | 64.52 | 56.65 |
| Total Borrowing | 96.21 | 92.26 | 33.19 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 35.00 |
| 2 | Capital Expenditure | 19.00 |
| 3 | General Corporate Purposes | 10.34 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 18.81% |
| ROCE | 26.27% |
| Debt/Equity | 1.20 |
| RoNW | 18.81% |
| PAT Margin | 2.40% |
| Price to Book Value | 2.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.26 | 3.18 |
| P/E (x) | 14.31 | 19.2 |
| Promoter Holding | 92% | 65.76% |
| Market Cap | ₹289.73 Cr. |
The Jeyyam Global Foods IPO is subscribed 119.41 times on September 4, 2024 6:19:59 PM (Day 3). The public issue subscribed 70.43 times in the retail category, 54.62 times in the QIB category, and 321.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 54.62 | 26,04,000 | 14,22,30,000 |
| NII* | 321.82 | 19,14,000 | 61,59,58,000 |
| Retail | 70.43 | 44,66,000 | 31,45,56,000 |
| Total | 119.41 | 89,84,000 | 1,07,27,44,000 |
Total Application : 1,57,278
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management Expenses (including Lead Manager Fees, Underwriter Fees, Legal Advisors, Market Maker, Registrar, Selling commission, Marketing commission, etc.) | 8.74 |
| 2 | Advertising and Marketing Expenses | 0.27 |
| 3 | Regulatory and other fees | 0.06 |
| 4 | Printing, Stationery and Postage | 0.01 |
| 5 | Other Expenses (including Peer Review Auditor, offer Related Certifications and Confirmations, Out of Pocket Expenses, Bankers to the offer, etc.) | 0.32 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹61.00 |
| Low | ₹57.95 |
| High | ₹64.05 |
| Last Trade | ₹64.05 |
Lead Manager Reports
Jeyyam Global Foods IPO is a SME IPO of 1,34,32,000 equity shares of the face value of ₹5 aggregating up to ₹82 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Sep 2, 2024, and closes on Wed, Sep 4, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jeyyam Global Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Jeyyam Global Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jeyyam Global Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jeyyam Global Foods IPO opens on Mon, Sep 2, 2024 and closes on Wed, Sep 4, 2024.
Jeyyam Global Foods IPO lot size is 2000, and the minimum amount required for application is ₹1,22,000.
You can apply in Jeyyam Global Foods 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 Jeyyam Global Foods IPO will be done on Thursday, September 5, 2024, and the allotted shares will be credited to your demat account by Fri, Sep 6, 2024. Check the Jeyyam Global Foods IPO allotment status.
The Jeyyam Global Foods IPO listing date is on Mon, Sep 9, 2024.
