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Jonjua Overseas IPO is a fixed price issue of ₹1.30 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹1.30 crore.
Jonjua Overseas IPO bidding started from Feb 12, 2019 and ended on Feb 15, 2019. The shares got listed on BSE SME on Feb 25, 2019.
Jonjua Overseas IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Finshore Management Services Ltd. is the book running lead manager and Satellite Corporate Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Jonjua Overseas IPO RHP for detailed Information.
| IPO Date | February 12, 2019 to February 15, 2019 |
| Listing Date | February 25, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,00,000 shares (aggregating up to ₹1.30 Cr) |
| Reserved for Market Maker | 70,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.0700 Cr) |
| Net Offered to Public | 12,30,000 shares (aggregating up to ₹1.23 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 34,36,253 shares |
| Share Holding Post Issue | 47,36,253 shares |
Jonjua Overseas IPO offers total 13,00,000 shares. Out of which 6,10,000 (46.92%) allocated to NII, 6,20,000 (47.69%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 70,000 (5.38%) |
| NII (HNI) Shares Offered | 6,10,000 (46.92%) |
| Retail Shares Offered | 6,20,000 (47.69%) |
| Total Shares Offered | 13,00,000 (100.00%) |
Jonjua Overseas IPO opens on February 12, 2019, and closes on February 15, 2019.
| IPO Open Date | Tue, Feb 12, 2019 |
| IPO Close Date | Fri, Feb 15, 2019 |
| Tentative Listing Date | Mon, Feb 25, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 15, 2019 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1993, Punjab based Jonjua Overseas Limited is a company engaged in IT-enabled services. The company is a certified service provider to global clients of IT Solution & Business Services. The services include Startup consultancy, Outsourcing Services that include Import and Export Consultancy, International Project Finance and IPO, Legal and Accounts Outsourcing, Digital Solutions includes Website and Software Development and Cross Border Marketing, Brand Building and Business Plan service provider.
Major Achievements of the Company-
1. Selected as a loan originator for a new alliance with the private sector designed to support small and medium-sized enterprises (SMEs) expanding into emerging markets overseas by The Overseas Private Investment Corporation (OPIC).
2. Submitted the proposal of Accelerators Africa Limited based in Accra, Ghana, West Africa for EDN / ATA funding (www.ednaccess.com) which was approved.
3. Signed MOU with Department of Office Management and Secretarial Practice of Mehr Chand Mahajan DAV College for Women, Chandigarh to bridge the gap between Education and Industry.
The company has 9 full-time employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-May-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 559.91 | 472.94 | 381.25 | 331.57 | 9.15 | 4.68 |
| Total Revenue | 32.27 | 65.57 | 37.31 | 31.67 | 23.77 | 15.72 |
| Profit After Tax | 1.25 | 3.18 | 2.06 | 1.37 | 0.044 | (0.011) |
The Company Jonjua Overseas 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 | To Meet working capital requirement | 1.00 |
| 2 | Public issue expenses | 0.20 |
| 3 | General corporate purpose | 0.10 |
[Dilip Davda] <p style="text-align: justify;">Based on financial data, despite being at par issue, there is no ham in giving it a miss.</p> Read detail review...
| Listing Date | February 25, 2019 |
| BSE Script Code | 542446 |
| NSE Symbol | |
| ISIN | INE793Z01027 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹12.00 |
| Low | ₹11.40 |
| High | ₹12.00 |
| Last Trade | ₹11.40 |
Jonjua Overseas Ltd.
HM228,
Phase 2,
SAS Nagar
Mohali, Punjab, 160055
Phone: +91 9872172032
Email: contactus@jonjua.com
Website: http://www.jonjuaoverseas.webs.com/
Satellite Corporate Services Pvt.Ltd.
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
Jonjua Overseas IPO is a SME IPO of 13,00,000 equity shares of the face value of ₹10 aggregating up to ₹1.30 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on February 12, 2019, and closes on February 15, 2019.
Satellite Corporate 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 Jonjua Overseas IPO using UPI as a payment gateway. Zerodha customers can apply in Jonjua Overseas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jonjua Overseas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jonjua Overseas IPO opens on February 12, 2019 and closes on February 15, 2019.
Jonjua Overseas IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Jonjua Overseas 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 Jonjua Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jonjua Overseas IPO allotment status.
The Jonjua Overseas IPO listing date is on Monday, February 25, 2019.
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