Fixed Price IPO | ₹1 Cr | Listed at BSE SME | Tue, Feb 12, 2019 - Fri, Feb 15, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Feb 12, 2019
IPO Close
Fri, Feb 15, 2019
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹4.74 Cr
| IPO Date | 12 to 15 Feb, 2019 |
| Listed on | Mon, Feb 25, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 13,00,000 shares (agg. up to ₹1 Cr) |
| Reserved for Market Maker | 70,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.0700 Cr) |
| Fresh Issue (Ex Market Maker) | 12,30,000 shares (agg. up to ₹1 Cr) |
| Net Offered to Public | 12,30,000 shares (agg. up to ₹1 Cr) |
| Share Holding Pre Issue | 34,36,253 shares |
| Share Holding Post Issue | 47,36,253 shares |
| BSE Script Code | 542446 |
| ISIN | INE793Z01027 |
Jonjua Overseas IPO comprises a total issue size of 13,00,000 shares. The net offer to the public is 12,30,000 shares, after excluding 70,000 shares allotted on a firm basis. Of the Net offer 6,10,000 (49.59%) allocated to NII 6,20,000 (50.41%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,10,000 | 49.59% | 46.92% |
| Retail Shares Offered | 6,20,000 | 50.41% | 47.69% |
| Firm Reservations | |||
| Market Maker Shares Offered | 70,000 | 5.38% | |
| Total Shares Offered | 13,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| 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 | To Meet working capital requirement | 1.00 |
| 2 | Public issue expenses | 0.20 |
| 3 | General corporate purpose | 0.10 |
The Jonjua Overseas IPO is subscribed 1.17 times on February 15, 2019 7:49:07 PM (Day 4). The public issue subscribed 1.32 times in the retail category, [.] times in the QIB category, and 1.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.02 | 6,10,000 | 6,20,000 |
| Retail | 1.32 | 6,20,000 | 8,20,000 |
| Total | 1.17 | 12,30,000 | 14,40,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker, Registrar Fees, Legal Fees & Misc. Expenditure Brokerage & Selling Commission | 0.18 |
| 2 | Printing and Stationery Expenses, Advertising and Marketing Expenses Statutory Expenses etc. | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹12.00 |
| Low | ₹11.40 |
| High | ₹12.00 |
| Last Trade | ₹11.40 |
Satellite Corporate Services Pvt.Ltd.
Lead Manager Reports
Jonjua Overseas IPO is a SME IPO of 13,00,000 equity shares of the face value of ₹10 aggregating up to ₹1 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Tue, Feb 12, 2019, and closes on Fri, Feb 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 Tue, Feb 12, 2019 and closes on Fri, Feb 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 Mon, Feb 25, 2019.
