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 |
