Jay Kailash Namkeen IPO Review

 
Jay Kailash Namkeen IPO Review

IPO Open Date: March 28, 2024

IPO Close Date: April 3, 2024

IPO Price: ₹70 to ₹73 per share

Lot Size: 1600 Shares

Listing: April 8, 2024

Jay Kailash Namkeen is scheduled to hit the market on March 28, 2024 and close on April 3, 2024. Jay Kailash Namkeen plans to raise around ₹11.93 Cr through an IPO with a sale of up to 1,633,600 equity shares of ₹10 each. The Retail offered 50%, QIB Shares Offered 30%, HNI Shares Offered 20%.

Jay Kailash Namkeen, established in 2021, specializes in manufacturing a variety of packaged Indian snacks. Their extensive product range includes popular items such as Chana Jor Namkeen, Masala Mung Jor, Soya Sticks, Bhavnagari Gathiya, Popcorn, and more, totaling 56 different products. These snacks are offered in 186 different Stock Keeping Units (SKUs) across various sizes ranging from ₹5 packets to 20-kilogram bulk packages.

Located in Rajkot, Gujarat, Jay Kailash Namkeen operates a production facility with a daily capacity of 10 tons. The company serves customers from several states including Assam, Bihar, Maharashtra, Rajasthan, and Uttar Pradesh. With a team of 14 permanent employees managing production and sales, along with 35 hourly paid on-call workers and 6 employees dedicated to marketing efforts, Jay Kailash Namkeen has established itself as a prominent player in the Indian snack market.

Jay Kailash Namkeen


Jay Kailash Namkeen IPO Details

Jay Kailash Namkeen IPO opens on March 28, 2024, and closes on April 3, 2024. The Listing date for Jay Kailash Namkeen IPO is on April 8, 2024. The price band for IPO is ₹70 to ₹73 per share and lot size of 1600 Shares.

IPO DateMar 28, 2024 to April 3, 2024
Listing DateApril 8, 2024
Price₹70 to ₹73 per share
Lot Size1600 Shares
Issue Size₹11.93 Cr
Face Value₹10 per share

Jay Kailash Namkeen IPO Tentative Timetable

Jay Kailash Namkeen opening date is March 28, 2024 and close date is April 03, 2024. The IPO allotment date is April 04, 2024. The refund initiation of IPO is on April 05, 2024. The credit of shares in demat account is on April 05, 2024. The listing date is on April 08, 2024.

EventDate
IPO OpeningMar 28, 2024
IPO ClosingApril 03, 2024
IPO Allotment DateApril 04, 2024
Refund InitiationApril 05, 2024
Shares Credit to DematApril 05, 2024
Lisiting DateApril 08, 2024

Jay Kailash Namkeen IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹116,800).

CategoryLotsSharesAmount
Retail(Minimum)11600₹116,800
Retail(Maximum)11600₹116,800
HNI (Minimum)23200₹233,600

Jay Kailash Namkeen IPO Promoter Holding

Pre Issue Share Holding71.82%
Post Issue Share Holding48.33%

Jay Kailash Namkeen IPO Review

Jay Kailash Namkeen's IPO has marked a significant milestone with a market capitalization of Rs 36.48 Cr. The company, renowned for its assortment of packaged Indian snacks, displayed a slight dip in revenue but a notable surge in profit after tax from the financial year ending on March 31, 2023, to March 31, 2022. Key performance indicators such as a robust ROE of 24.72%, a commendable ROCE of 31.91%, and a healthy PAT Margin of 9.06% indicate the company's potential for growth and profitability, attracting the attention of discerning investors looking for promising opportunities in the market.

Post-IPO, Jay Kailash Namkeen's EPS stands at 1.21 with a P/E ratio of 60.12, reflecting positive market sentiment and confidence in the company's future performance. The company's strategic objectives for utilizing the IPO proceeds include addressing working capital needs and general corporate purposes. Bolstered by a strong financial position, evident through increasing net worth and reserves, coupled with a diverse product range and a well-equipped production facility in Gujarat, Jay Kailash Namkeen Limited appears poised for further expansion and success in the competitive packaged Indian snacks industry.

Investors keen on participating in the IPO may find Jay Kailash Namkeen an attractive investment opportunity given its sound financial performance, strategic objectives, and growth potential. With a focus on meeting working capital requirements and driving general corporate initiatives, the company's trajectory in the market seems promising. Jay Kailash Namkeen's IPO signifies a significant step forward for the company as it aims to leverage its strengths, product portfolio, and operational capabilities to capture a larger market share and deliver value to its stakeholders.

Jay Kailash Namkeen IPO Subscription Status (Bidding Details)

Table not found

Jay Kailash Namkeen IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Jay Kailash Namkeen IPO FAQs

What is Jay Kailash Namkeen IPO?

Jay Kailash Namkeen is issuing 1,633,600 equity shares with a face value of ₹10 each, totaling up to ₹11.93 Cr. The shares are being offered at a price of ₹70 to ₹73 each, with a minimum order quantity of 1600 shares.

Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Jay Kailash Namkeen IPO will open?

Jay Kailash Namkeen will open on March 28, 2024 for QIB, NII, and Retail Investors.

When Jay Kailash Namkeen IPO will end?

Jay Kailash Namkeen will end on April 03, 2024.

What is Jay Kailash Namkeen IPO Size?

Jay Kailash Namkeen IPO size is 11.93 Cr.

What is Jay Kailash Namkeen IPO Price Band?

Jay Kailash Namkeen price band is ₹70 to ₹73 per share.

What is the Jay Kailash Namkeen IPO Allotment Date?

Jay Kailash Namkeen allotment date is April 04, 2024.

What is the Jay Kailash Namkeen IPO Listing Date?

Jay Kailash Namkeen listing date is April 08, 2024. The IPO is to be listed on BSE and NSE.

How to Jay Kailash Namkeen IPO through Zerodha?

To apply for the IPO “Jay Kailash Namkeen” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Jay Kailash Namkeen IPO through Upstox?

To apply for the IPO “Jay Kailash Namkeen” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Jay Kailash Namkeen IPO Allotment Status?

For Jay Kailash Namkeen IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Jay Kailash Namkeen IPO GMP?

You can check out here: Jay Kailash Namkeen IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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