IPO Insights

Jeyyam Global Foods Limited IPO

NiftyTrader • September 2, 2024

Jeyyam Global Foods Limited Logo

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 DateSeptember 2, 2024 to September 4, 2024
Listing Date[.]
Face Value₹5 per share
Price₹59 to ₹61 per share
Lot Size2000 Shares
Total Issue Size13,432,000 shares
(aggregating up to ₹81.94 Cr)
Fresh Issue12,088,800 shares
(aggregating up to ₹73.74 Cr)
Offer for sale1,343,200 shares of ₹5
(aggregating up to ₹8.19 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding pre-issue35,407,956
Shareholding post-issue47,496,756
Market Maker portion672,000 shares

Jeyyam Global Foods IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)12000₹122,000
Retail (Max)12000₹122,000
S-HNI (Min)24000₹244,000

Jeyyam Global Foods IPO Objectives

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

  1. General Corporate Purpose
  2. Working Capital Requirements
  3. 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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets19,226.3916,835.029,941.17
Revenue62,983.4238,220.6225,388.3
Profit After Tax1,509.11786.8436.8
Net Worth8,022.426,513.65,726.51
Reserves and Surplus6,252.026,452.265,665.46
Total Borrowing9,620.59,226.053,319.3
Amount in ₹ Lakhs

Jeyyam Global Foods IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot 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 DateMonday, September 2, 2024
IPO Close DateWednesday, September 4, 2024
Basis of AllotmentThursday, September 5, 2024
Initiation of RefundsFriday, September 6, 2024
A credit of Shares to DematFriday, September 6, 2024
Listing DateMonday, September 9, 2024
Cut-off time for UPI mandate confirmation5 PM on September 4, 2024

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