Jeyyam Global Foods is scheduled to hit the market on September 2, 2024 and close on September 4, 2024. Jeyyam Global Foods plans to raise around ₹81.94 Cr through an IPO with a sale of up to 13,432,000 equity shares of ₹5 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Jeyyam Global Foods Limited, established in 2008 and formerly known as Kichoni Online Services Private Limited, specializes in the production and processing of Bengali chickpeas (locally referred to as ‘chana’), Fried Gram, and Besan Flour. The company supplies its products to a diverse range of markets, including distributors, large retailers, hotels, restaurants, caterers, branded supermarkets, and wholesalers. Jeyyam operates two factory locations in Ammalamudugu and Devattipatti, both of which hold an FSSAI license and adhere to ISO 9001:2015 and ISO 22000:2018 standards. The Salem factory has also received ISO certification.
Jeyyam's product portfolio features a variety of offerings, including Jeyyam fried gram (both split and whole), Standard fried gram (both split and whole), Jeyyam gram flour, Leader gram flour, and Ponni gram flour. As of March 31, 2024, the company employed 155 permanent staff members.
Jeyyam Global Foods IPO Details
Jeyyam Global Foods IPO opens on September 2, 2024, and closes on September 4, 2024. The Listing date for Jeyyam Global Foods IPO is on September 09, 2024. The price band for IPO is ₹59 to ₹61 per share and lot size of 2000 Shares.
| IPO Date | September 2, 2024 to September 4, 2024 |
| Listing Date | September 9, 2024 |
| Price | ₹59 to ₹61 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹81.94 Cr |
| Face Value | ₹5 per share |
Jeyyam Global Foods IPO Tentative Timetable
Jeyyam Global Foods opening date is September 2, 2024 and close date is September 4, 2024. The IPO allotment date is September 5, 2024. Therefund initiation of IPO is on September 6, 2024. The credit of shares in demat account is on September 6, 2024. The listing date is on September 9, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 2, 2024 |
| IPO Closing | September 4, 2024 |
| IPO Allotment Date | September 5, 2024 |
| Refund Initiation | September 6, 2024 |
| Shares Credit to Demat | September 6, 2024 |
| Lisiting Date | September 9, 2024 |
Jeyyam Global Foods IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹122,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹122,000 |
| Retail(Maximum) | 1 | 2000 | ₹122,000 |
| HNI (Minimum) | 2 | 4000 | ₹244,000 |
Jeyyam Global Foods IPO Promoter Holding
| Pre Issue Share Holding | 92.00% |
| Post Issue Share Holding |
Jeyyam Global Foods IPO Review
The company is led by promoters: Mr. Amit Agarwal, who has more than 10 years of experience in the real estate and general trading industries, along with about 5 years in hospitality; Mr. Shripal Veeramchand Sanghvi, who has been in the tobacco business for over 30 years and is a leader in the fast-moving consumer goods (FMCG) sector in South India for the past 15 years; and Mrs. Sujathaa Mehta, who has over 10 years of experience in the apparel and plastic manufacturing industries, plus around 5 years in chemical products and sustainable energy.
Financially, Jeyyam Global Foods has shown good growth. Its revenue increased from ₹25,388.30 Lakhs in FY22 to ₹38,220.62 Lakhs in FY23 and is now ₹62,983.42 Lakhs in FY24. Similarly, EBITDA rose from ₹1,152.19 Lakhs in FY22 to ₹1,700.95 Lakhs in FY23 and is currently at ₹3,292.30 Lakhs in FY24. The profit after tax (PAT) also grew from ₹436.80 Lakhs in FY22 to ₹766.80 Lakhs in FY23 and is now ₹1,509.11 Lakhs in FY24. This shows a steady financial performance.
For the Boss Packaging IPO, the company is offering shares with a pre-issue earnings per share (EPS) of ₹4.26 and a post-issue EPS of ₹3.17. The pre-issue price-to-earnings (P/E) ratio is 14.31x, while the post-issue P/E ratio is 19.24x compared to an industry P/E ratio of 9.80x. The company's return on capital employed (ROCE) for FY24 is 26.27%, and the return on equity (ROE) is 18.81%. These figures suggest that the IPO is reasonably priced.
The company mainly makes and processes “Chana” and gets most of its income from this business. It showed impressive growth in FY24, which has caught people's attention. Given this performance, the stock seems to be fully valued, taking into account all the short-term good news. Smart investors might consider investing for the long term.
Jeyyam Global Foods IPO Subscription Status (Bidding Details)
Table not foundJeyyam Global Foods 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
Jeyyam Global Foods IPO FAQs
What is Jeyyam Global Foods IPO?
Jeyyam Global Foods is issuing 13,432,000 equity shares with a face value of ₹5 each, totaling up to ₹81.94 Cr. The shares are being offered at a price of ₹59 to ₹61 each, with a minimum order quantity of 2000 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Jeyyam Global Foods IPO will open?
Jeyyam Global Foods will open on September 2, 2024 for QIB, NII, and Retail Investors.
When Jeyyam Global Foods IPO will end?
Jeyyam Global Foods will end on September 04, 2024.
What is Jeyyam Global Foods IPO Size?
Jeyyam Global Foods IPO size is ₹81.94 Cr.
What is Jeyyam Global Foods IPO Price Band?
Jeyyam Global Foods price band is ₹59 to ₹61 per share.
What is the Jeyyam Global Foods IPO Allotment Date?
Jeyyam Global Foods allotment date is September 05, 2024.
What is the Jeyyam Global Foods IPO Listing Date?
Jeyyam Global Foods listing date is September 09, 2024. The IPO is to be listed on BSE and NSE.
How to Jeyyam Global Foods IPO through Zerodha?
To apply for the IPO “Jeyyam Global Foods” 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 Jeyyam Global Foods IPO through Upstox?
To apply for the IPO “Jeyyam Global Foods” 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 Jeyyam Global Foods IPO Allotment Status?
For Jeyyam Global Foods IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Jeyyam Global Foods IPO GMP?
You can check out here: Jeyyam Global Foods IPO GMP. Check all IPO GMP here.