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Jhandewalas Foods IPO is a fixed price issue of ₹16.01 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹16.01 crore.
Jhandewalas Foods IPO bidding started from Dec 29, 2017 and ended on Jan 4, 2018. The shares got listed on BSE SME on Jan 12, 2018.
Jhandewalas Foods IPO price is ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Jhandewalas Foods IPO RHP for detailed Information.
| IPO Date | December 29, 2017 to January 4, 2018 |
| Listing Date | January 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,10,000 shares (aggregating up to ₹16.01 Cr) |
| Reserved for Market Maker | 1,50,000 shares Guiness Securities Ltd. (aggregating up to ₹0.8250 Cr) |
| Net Offered to Public | 27,60,000 shares (aggregating up to ₹15.18 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 73,50,358 shares |
| Share Holding Post Issue | 1,02,60,358 shares |
Jhandewalas Foods IPO offers total 29,10,000 shares. Out of which 13,80,000 (47.42%) allocated to NII, 13,80,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,50,000 (5.15%) |
| NII (HNI) Shares Offered | 13,80,000 (47.42%) |
| Retail Shares Offered | 13,80,000 (47.42%) |
| Total Shares Offered | 29,10,000 (100.00%) |
Jhandewalas Foods IPO opens on December 29, 2017, and closes on January 4, 2018.
| IPO Open Date | Fri, Dec 29, 2017 |
| IPO Close Date | Thu, Jan 4, 2018 |
| Tentative Listing Date | Fri, Jan 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 4, 2018 |
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 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Incorporated in 2006, Jhandewala Foods Ltd is Jaipur Rajasthan based manufacturer of food products including Ghee and Mangodi. Company is also engaged in the marketing of Poha, Saffron and Dalia. These products are marketed under its own brand name "Naman's" and "Godhenu".
Jhandewala Foods is certified by Food Safety and Standards Authority of India (FSSAI) for the quality management systems. Company's manufacturing unit is located at Jaipur, Rajasthan. Company has employed 84 employees.
Jhandewala Foods brands and range of products:
1. Naman's - Naman's Desi Ghee, Naman's gold ghee, Mangodi (a traditional dish made of green grams & black eyed peas), Poha (flattened rice), Naman's Kesar and Naman Daliya.
2. Godhenu - Godhenu Cow Ghee.
The Company Jhandewalas Foods 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 | Funding of working capital requirements of the Company | 15.34 |
| 2 | Issue Expenses | 0.67 |
[Dilip Davda] Investors may consider investment for medium to long term as food and dairy industry is poised for bright prospects ahead. (Subscribe). Read detail review...
| Listing Date | January 12, 2018 |
| BSE Script Code | 540850 |
| NSE Symbol | |
| ISIN | INE841Y01019 |
| Final Issue Price | ₹55 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹66.00 |
| Low | ₹66.00 |
| High | ₹66.00 |
| Last Trade | ₹66.00 |
Jhandewalas Foods Ltd.
B-70, 1st Floor, Upasana House,
Janta Store,
Bapu Nagar,
Jaipur, Rajasthan, 302015
Phone: +91 141 2703309
Email: cs.jfpl@namans.co.in
Website: http://www.jhandewalas.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jhandewalas Foods IPO is a SME IPO of 29,10,000 equity shares of the face value of ₹10 aggregating up to ₹16.01 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on December 29, 2017, and closes on January 4, 2018.
Bigshare 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 Jhandewalas Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Jhandewalas Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jhandewalas Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jhandewalas Foods IPO opens on December 29, 2017 and closes on January 4, 2018.
Jhandewalas Foods IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Jhandewalas 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 Jhandewalas Foods IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jhandewalas Foods IPO allotment status.
The Jhandewalas Foods IPO listing date is on Friday, January 12, 2018.
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