Fixed Price IPO | ₹16 Cr | Listed at BSE SME | Fri, Dec 29, 2017 - Thu, Jan 4, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Dec 29, 2017
IPO Close
Thu, Jan 4, 2018
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹56.43 Cr
| IPO Date | 29 Dec, 2017 to 4 Jan, 2018 |
| Listed on | Fri, Jan 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 29,10,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,50,000 shares Guiness Securities Ltd. (agg. up to ₹0.8250 Cr) |
| Fresh Issue (Ex Market Maker) | 27,60,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 27,60,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 73,50,358 shares |
| Share Holding Post Issue | 1,02,60,358 shares |
| BSE Script Code | 540850 |
| ISIN | INE841Y01019 |
Jhandewalas Foods IPO comprises a total issue size of 29,10,000 shares. The net offer to the public is 27,60,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 13,80,000 (50.00%) allocated to NII 13,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,80,000 | 50.00% | 47.42% |
| Retail Shares Offered | 13,80,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.15% | |
| Total Shares Offered | 29,10,000 | 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 | ₹1,10,000 |
| 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.
| 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 | Funding of working capital requirements of the Company | 15.34 |
| 2 | Issue Expenses | 0.67 |
The Jhandewalas Foods IPO is subscribed 278.82 times on January 4, 2018 4:25:00 PM (Day 5). The public issue subscribed 88.58 times in the retail category, [.] times in the QIB category, and 466.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 466.69 | 13,80,000 | 64,40,36,000 |
| Retail | 88.58 | 13,80,000 | 12,22,44,000 |
| Total | 278.82 | 27,60,000 | 76,95,32,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including, fees and reimbursement of underwriting commission, Brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrars etc. | 0.54 |
| 2 | Regulatory and other fees | 0.03 |
| 3 | Other Expenses (printing, stationery expenses, postage etc.) | 0.11 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹66.00 |
| Low | ₹66.00 |
| High | ₹66.00 |
| Last Trade | ₹66.00 |
Lead Manager Reports
Jhandewalas Foods IPO is a SME IPO of 29,10,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Dec 29, 2017, and closes on Thu, Jan 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 Fri, Dec 29, 2017 and closes on Thu, Jan 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 Fri, Jan 12, 2018.
