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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 ₹61.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,18,000 (2000 shares). The minimum lot size investment for 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 Date | September 2, 2024 to September 4, 2024 |
| Listing Date | September 9, 2024 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹59 to ₹61 per share |
| Issue Price Final | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,34,32,000 shares (aggregating up to ₹81.94 Cr) |
| Reserved for Market Maker | 6,72,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹4.10 Cr) |
| Fresh Issue (Ex Market Maker) | 1,14,16,800 shares (aggregating up to ₹69.64 Cr) |
| Offer for Sale | 13,43,200 shares of ₹5 (aggregating up to ₹8.19 Cr) |
| Net Offered to Public | 1,27,60,000 shares (aggregating up to ₹77.84 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 3,54,07,956 shares |
| Share Holding Post Issue | 4,74,96,756 shares |
Jeyyam Global Foods IPO offers total 1,34,32,000 shares. Out of which 63,80,000 (47.50%) allocated to QIB, 26,04,000 (19.39%) allocated to QIB, 19,14,000 (14.25%) allocated to NII, 44,66,000 (33.25%) allocated to RII and 37,76,000 (28.11%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 6,72,000 (5.00%) |
| QIB Shares Offered | 63,80,000 (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 (14.25%) |
| Retail Shares Offered | 44,66,000 (33.25%) |
| Total Shares Offered | 1,34,32,000 (100.00%) |
Jeyyam Global Foods IPO raises ₹23.03 crore from anchor investors. Jeyyam Global Foods IPO Anchor bid date is August 30, 2024. Jeyyam Global Foods IPO Anchor Investors list
| Bid Date | August 30, 2024 |
| Shares Offered | 37,76,000 |
| Anchor Portion Size (In Cr.) | 23.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 4, 2024 |
Jeyyam Global Foods IPO opens on September 2, 2024, and closes on September 4, 2024.
| IPO Open Date | Mon, Sep 2, 2024 |
| IPO Close Date | Wed, Sep 4, 2024 |
| Tentative Allotment | Thu, Sep 5, 2024 |
| Initiation of Refunds | Fri, Sep 6, 2024 |
| Credit of Shares to Demat | Fri, Sep 6, 2024 |
| Tentative Listing Date | Mon, Sep 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 4, 2024 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Jeyyam Global Foods Limited's revenue increased by 65% and profit after tax (PAT) rose by 92% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 19,226.39 | 16,835.02 | 9,941.17 |
| Total Income | 62,983.42 | 38,220.62 | 25,388.3 |
| Profit After Tax | 1,509.11 | 786.8 | 436.8 |
| Net Worth | 8,022.42 | 6,513.6 | 5,726.51 |
| Reserves and Surplus | 6,252.02 | 6,452.26 | 5,665.46 |
| Total Borrowing | 9,620.5 | 9,226.05 | 3,319.3 |
| Amount in ₹ Lakhs | |||
The market capitalization of Jeyyam Global Foods IPO is ₹289.73 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 4.26 | 3.18 |
| P/E (x) | 14.31 | 19.2 |
The company proposes to utilize the funds towards the funding of the following objectives:
[Dilip Davda] The company is primarily in the business of manufacturing/processing “Chana” and has major revenues coming from these activities. It marked super growth for FY24 that raises eyebrows. Based on this performance, the issue appears fully priced discounting all near term positives. Well-informed investors may park funds for the long term. Read detail review...
| Listing Date | September 9, 2024 |
| BSE Script Code | |
| NSE Symbol | JEYYAM |
| ISIN | INE0RXB01022 |
| Final Issue Price | ₹61 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹61.00 |
| Low | ₹57.95 |
| High | ₹64.05 |
| Last Trade | ₹64.05 |
Jeyyam Global Foods Ltd.
No.37 (Old No.19),
Padmavathiyar Road,
Gopalapuram, Chennai – 600 086
Chennai, Tamil Nadu
Phone: 044-4505 4101
Email: info@jeyyamfoods.in
Website: http://www.jeyyamfoods.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: jgfl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Jeyyam Global Foods IPO is a SME IPO of 1,34,32,000 equity shares of the face value of ₹5 aggregating up to ₹81.94 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on September 2, 2024, and closes on September 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 September 2, 2024 and closes on September 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 Friday, September 6, 2024. Check the Jeyyam Global Foods IPO allotment status.
The Jeyyam Global Foods IPO listing date is on Monday, September 9, 2024.
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