Jeyyam Global Foods Limited IPO

NiftyTrader • September 2, 2024

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Jeyyam Global Foods Limited IPO

Jeyyam Global Foods IPO opens on September 2, 2024, and closes on September 4, 2024. The allotment for the Jeyyam Global Foods IPO is anticipated to be completed on Thursday, September 5, 2024. The IPO will be tentatively listed on the NSE and SME on Monday, September 9, 2024.

Jeyyam Global Foods IPO’s price band is Rs 59 to Rs 61 per share. The IPO is a book-built issue of Rs 81.94 crores an entirely new issue of 120.89 lakh.

Jeyyam Global Foods IPO Details

IPO Date	September 2, 2024 to September 4, 2024
Listing Date	[.]
Face Value	₹5 per share
Price	₹59 to ₹61 per share
Lot Size	2000 Shares
Total Issue Size	13,432,000 shares (aggregating up to ₹81.94 Cr)
Fresh Issue	12,088,800 shares (aggregating up to ₹73.74 Cr)
Offer for sale	1,343,200 shares of ₹5 (aggregating up to ₹8.19 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	35,407,956
Shareholding post-issue	47,496,756
Market Maker portion	672,000 shares

Jeyyam Global Foods IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹122,000
Retail (Max)	1	2000	₹122,000
S-HNI (Min)	2	4000	₹244,000

Jeyyam Global Foods IPO Objectives

The company proposes to utilize the funds towards the funding of the following objectives:

General Corporate Purpose
Working Capital Requirements
Capital Expenditures

About Jeyyam Global Foods Limited

Founded in 2008 and formerly known as Kichoni Online Services Private Limited, Jeyyam Global Foods Limited specializes in producing Bengali chickpeas, Fried Gram, and Besan Flour. The company supplies its products to distributors, retailers, hotels, restaurants, caterers, and wholesalers. With FSSAI licenses for its Ammalamudugu and Devattipatti factories and ISO certifications for quality and food safety, Jeyyam ensures high standards across its operations. Its product range includes various types of fried gram and gram flour. As of March 31, 2024, Jeyyam employs 155 permanent staff.

Jeyyam Global Foods Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	19,226.39	16,835.02	9,941.17
Revenue	62,983.42	38,220.62	25,388.3
Profit After Tax	1,509.11	786.8	436.8
Net Worth	8,022.42	6,513.6	5,726.51
Reserves and Surplus	6,252.02	6,452.26	5,665.46
Total Borrowing	9,620.5	9,226.05	3,319.3
			Amount in ₹ Lakhs

Jeyyam Global Foods IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

Jeyyam Global Foods IPO Timeline

Jeyyam Global Foods IPO opens on September 2, 2024, and closes on September 4, 2024.

IPO Open Date	Monday, September 2, 2024
IPO Close Date	Wednesday, September 4, 2024
Basis of Allotment	Thursday, September 5, 2024
Initiation of Refunds	Friday, September 6, 2024
A credit of Shares to Demat	Friday, September 6, 2024
Listing Date	Monday, September 9, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 4, 2024