Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Mon, Jun 29, 2015 - Thu, Jul 2, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 29, 2015
IPO Close
Thu, Jul 2, 2015
Issue Price
₹19 per share
Market Cap (Pre-IPO)
₹16.97 Cr
| IPO Date | 29 Jun to 2 Jul, 2015 |
| Listed on | Thu, Jul 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹19 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,12,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,26,000 shares BCB Brokerage Pvt.Ltd. (agg. up to ₹0.2394 Cr) |
| Fresh Issue (Ex Market Maker) | 22,86,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 22,86,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 65,18,314 shares |
| Share Holding Post Issue | 89,30,314 shares |
| BSE Script Code | 539225 JIYAECO |
| ISIN | INE023S01016 |
Jiya Eco-Products IPO comprises a total issue size of 24,12,000 shares. The net offer to the public is 22,86,000 shares, after excluding 1,26,000 shares allotted on a firm basis. Of the Net offer 11,40,000 (49.87%) allocated to NII 11,46,000 (50.13%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,40,000 | 49.87% | 47.26% |
| Retail Shares Offered | 11,46,000 | 50.13% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,26,000 | 5.22% | |
| Total Shares Offered | 24,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Procurement of new machinery | 2.65 |
| 2 | Working capital requirement | 1.53 |
| 3 | Issue expenses | 0.40 |
| KPI | |
|---|---|
| RoNW | 17.2% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 85.47% | 62.39% |
| Market Cap | ₹16.97 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹19.00 |
| Open | ₹21.75 |
| Low | ₹21.00 |
| High | ₹22.00 |
| Last Trade | ₹21.00 |
Lead Manager Reports
Jiya Eco-Products IPO is a SME IPO of 24,12,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Jun 29, 2015, and closes on Thu, Jul 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 Mon, Jun 29, 2015 and closes on Thu, Jul 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 Thu, Jul 16, 2015.
