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Jiya Eco-Products IPO is a fixed price issue of ₹4.58 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹4.58 crore.
Jiya Eco-Products IPO bidding started from Jun 29, 2015 and ended on Jul 2, 2015. The shares got listed on BSE SME on Jul 16, 2015.
Jiya Eco-Products IPO price is ₹19.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,28,000.
Pantomath Capital 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 BCB Brokerage Pvt.Ltd..
Refer to Jiya Eco-Products IPO RHP for detailed Information.
| IPO Date | June 29, 2015 to July 2, 2015 |
| Listing Date | July 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹19 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,12,000 shares (aggregating up to ₹4.58 Cr) |
| Reserved for Market Maker | 1,26,000 shares BCB Brokerage Pvt.Ltd. (aggregating up to ₹0.2394 Cr) |
| Net Offered to Public | 22,86,000 shares (aggregating up to ₹4.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 65,18,314 shares |
| Share Holding Post Issue | 89,30,314 shares |
Jiya Eco Products IPO offers total 24,12,000 shares. Out of which 11,40,000 (47.26%) allocated to NII, 11,46,000 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,26,000 (5.22%) |
| NII (HNI) Shares Offered | 11,40,000 (47.26%) |
| Retail Shares Offered | 11,46,000 (47.51%) |
| Total Shares Offered | 24,12,000 (100.00%) |
Jiya Eco-Products IPO opens on June 29, 2015, and closes on July 2, 2015.
| IPO Open Date | Mon, Jun 29, 2015 |
| IPO Close Date | Thu, Jul 2, 2015 |
| Tentative Listing Date | Thu, Jul 16, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 2, 2015 |
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 | ₹1,14,000 |
| Retail (Max) | 1 | 6,000 | ₹1,14,000 |
| HNI (Min) | 2 | 12,000 | ₹2,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, Jiya Eco Products Ltd is an ISO 9001:2008 certified company engaged in the manufacturing of bio-fuels viz. bio-briquettes and bio-pellets which is an alternative source of energy and has the ability to replace/are fairly good substitutes of traditional fossil fuels like coal, firewood, lignite, etc.
At present, the company has authorised collection centres spread over surrounding villages to source agricultural waste which serves as the major raw material in production of bio-fuels. The company received various incentives from Government including tax holiday, interest rate subvention and VAT exemption. Currently JEPL is one of the key players across the state of Gujarat in bio-fuel sector and has plans to expand its presence on PAN India basis.
| KPI | Values |
|---|---|
| RoNW | 17.2% |
The Company Jiya Eco-Products 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 | Procurement of new machinery | 2.65 |
| 2 | Working capital requirement | 1.53 |
| 3 | Issue expenses | 0.40 |
[Dilip Davda] <p>If we attribute the FY 2015 earning on annualized basis on fully diluted equity post IPO then the asking price is at a P/E of 5 plus that makes it a justified price IPO.</p> <p>On performance front, the company has posted turnover/net profit of Rs. 1.65/Rs. 0.07 crore (FY 2013) and Rs. 14.02/Rs. 1.05 crore (FY 2014). For first nine months ended 31.12.14 it has earned net profit of Rs. 2.40 crore on a turnover of Rs. 20.46 crore.</p> <p>This is 9th IPO from this merchant banker that has positive return record for its past seven listed mandates and eighth IPO of Ambition that is closing on 30.06.15.</p> <p><strong><span style="color: red; font-family: 'Times New Roman','serif'; font-size: 12pt;">DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</span></strong></p> Read detail review...
| Listing Date | July 16, 2015 |
| BSE Script Code | 539225 |
| NSE Symbol | JIYAECO |
| ISIN | INE023S01016 |
| Final Issue Price | ₹19 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹19.00 |
| Open | ₹21.75 |
| Low | ₹21.00 |
| High | ₹22.00 |
| Last Trade | ₹21.00 |
Jiya Eco-Products Ltd.
G-6/7 B,
Ruthraj Complex,
Opp A V School Ground,
Bhavnagar, Gujarat, 364001
Phone: +91-2841-281028
Email: ipo@jiyaeco.in
Website: http://www.jiyaeco.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jiya Eco-Products IPO is a SME IPO of 24,12,000 equity shares of the face value of ₹10 aggregating up to ₹4.58 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 6000.
The IPO opens on June 29, 2015, and closes on July 2, 2015.
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 Jiya Eco-Products IPO using UPI as a payment gateway. Zerodha customers can apply in Jiya Eco-Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jiya Eco-Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jiya Eco-Products IPO opens on June 29, 2015 and closes on July 2, 2015.
Jiya Eco-Products IPO lot size is 6000, and the minimum amount required for application is ₹1,14,000.
You can apply in Jiya Eco-Products 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 Jiya Eco-Products IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jiya Eco-Products IPO allotment status.
The Jiya Eco-Products IPO listing date is on Thursday, July 16, 2015.
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