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Jhandewalas Foods Limited IPO (Jhandewalas Foods IPO) Detail

Dec 29, 2017 - Jan 4, 2018

Incorporated in 2006, Jhandewala Foods Ltd is Jaipur Rajasthan based manufacturer of food products including Ghee and Mangodi. Company is also engaged in the marketing of Poha, Saffron and Dalia. These products are marketed under its own brand name "Naman's" and "Godhenu".

Jhandewala Foods is certified by Food Safety and Standards Authority of India (FSSAI) for the quality management systems. Company's manufacturing unit is located at Jaipur, Rajasthan. Company has employed 84 employees.

Jhandewala Foods brands and range of products:

1. Naman's - Naman's Desi Ghee, Naman's gold ghee, Mangodi (a traditional dish made of green grams & black eyed peas), Poha (flattened rice), Naman's Kesar and Naman Daliya.

2. Godhenu - Godhenu Cow Ghee.

Company Promoters:

Promoters of the company include Raakesh B. Kulwal and Jinko Devi Koolwal. As on Dec 19th, the Promoters of the company hold 5,375,406 Equity Shares representing 73.13% of the issued and paid-up Equity Share capital of the Company.

Objects of the Issue:

The objects of the Issue are:
1. Funding of working capital requirements of the Company
2. Issue Expenses

Issue Detail:

  »»  Issue Open: Dec 29, 2017 - Jan 4, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 2,910,000 Equity Shares of Rs 10 aggregating up to Rs 16.01 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 55 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: BSE SME

Issue Detail

  • Total Shares Offered: 29,10,000 Equity Shares
  • Issue Reserved for Market Makers: 1,50,000 Equity Shares
  • Issue Reserved for NII: 13,80,000 Equity Shares
  • Issue Reserved for RII: 13,80,000 Equity Shares

Jhandewalas Foods IPO Reviews:

  1. Jhandewalas Foods Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved01,380,0001,380,000150,0002,910,000
Day 1 - Dec 29, 2017 17:00 IST-----
Day 2 - Jan 1, 2018 17:00 IST01,940,0006,158,000-8,098,000
Day 3 - Jan 2, 2018 17:00 IST4,0002,298,00013,660,000-15,962,000
Day 4 - Jan 3, 2018 17:00 IST30,0005,342,00037,534,000-42,906,000
Day 5 - Jan 4, 2018 16:25 IST3,252,000644,036,000122,244,000-769,532,000

Jhandewalas Foods IPO Prospectus

Jhandewalas Foods IPO Rating

Rating:Rated 3.8 stars

Vote Here ...

Jhandewalas Foods IPO News Alerts

  1. Thursday, January 4, 2018 12:00:00 AM
    Jhandewalas Foods IPO - Close
  2. Friday, December 29, 2017 12:00:00 AM
    Jhandewalas Foods IPO - Open

Company Contact Information

Jhandewalas Foods Limited
B-70, 1st Floor, Upasana House,
Janta Store, Bapu Nagar,
Jaipur 302015
Phone: +91 141 2703309

Jhandewalas Foods IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207

Jhandewalas Foods IPO Lead Manager(s)

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Jhandewalas Foods IPO Review / Comments

208. GODFATHER  Jan 20, 2018 8:55:08 PM IST I Like It. | Report Abuse Reply
The price will see 3 digit figure soon. The price is falling due to long term investors taking advantage of panic sellers.
This is the drawback of highly subscribed issue as many weak hands have entered into it and selling under panic.
If you look at its financials and go through its website, you will come to know that it is a far better than many SME issues cane in recent time. It has a very good distribution network across the rajasthan state and company arranges regular distributor and retailer meets. It has bee consistent in its top and bottom line and with infusion of additional equity after IPO the top and bottom line is bound to increase.
The company is professionaly managed and headed by a promoter having done his MBA from S P Jain Mumbai a prominent top 10 B SCHOOL of India.
207. Umang and his ultrasonic uproar  Dec 29, 2017 10:44:48 AM IST I Like It. | Report Abuse Reply
In this last lap, even laggards are buckking up (zodiac, reliable, innovative tyre, pulz & many more) . This is not time to enter into SME, get out of it before euphoria ends.
I do feel switching to large cap and sound midcap is safe.
(to be updated later)
207.10. black & white hat  Jan 20, 2018 2:52:43 PM IST I Like It. | Report Abuse
True umang.... very well preict...what do you think about CADSYS is it reach 150 up in next 3 months? as it is reasonable yet.
207.11. Umang and his ultrasonic uproar  Jan 20, 2018 7:25:11 PM IST I Like It. 1 | Report Abuse
206. Warran  Jan 19, 2018 9:17:21 PM IST I Like It. 1 | Report Abuse Reply
sujal be brave and fearless I also bought @84 I don''t care whether its fall to below 60.
I don''t reveal why it goes up but Mark my words it will see u in three digit soon.
206.2. jaat boy  Jan 20, 2018 2:53:11 PM IST I Like It. | Report Abuse
ye dekh kar acha laga.... saal bhar ki income isme block ho gai h..... isliye jyada tension ho rahi h now feel relax #frnd
206.3. GODFATHER  Jan 20, 2018 7:23:06 PM IST I Like It. | Report Abuse
There are many more positive aspects and one of the important aspect is the promoter is a MBA gad from Sp Jain Mumbai one of the top 10 B school of India.
205. Sujal  Jan 19, 2018 11:49:03 AM IST I Like It. | Report Abuse Reply
Please give me advice what to do in jhandewala i had bought @ 85
204. Warran  Jan 18, 2018 11:31:42 PM IST I Like It. | Report Abuse Reply
Hello everyone,
Keep faith on your decision first then on jhandewalas not because of I am saying, its details itself says as its 100 yrs old group having good brand image, follows food safety standards, no litigation good working style, excellent skills of MD Rakesh kulwal.
Current ratio 1.38 interest cover ratio 1.79
ROCE 18.33
203. Umang and his ultrasonic uproar  Jan 9, 2018 11:28:57 PM IST I Like It. | Report Abuse Reply
0/6. Again failure :: ani, Icemake, dynamic & now zhandewala. It''s better to divert attention to secondary market.
203.2. GODFATHER  Jan 18, 2018 9:21:11 PM IST I Like It. | Report Abuse
The problem is too many weak hands have entered into this. The game will go on until the weak hands are out of it.
203.3. Umang and his ultrasonic uproar  Jan 18, 2018 10:41:43 PM IST I Like It. 1 | Report Abuse
This is not the right time to buy any SME stock. As we see money is moving out of small & midcap companies and moving towards largecap. Which is why sensex is making new highs, while there is lot of pain in broader market. I think this trend will continue for some time.

Well jhandewalas will go further down, if small & midcap index slips further. Buy only quality mid & small cap which has proven track record. You will get many quality midcaps at attractive valuation in coming days. Sit tight and wait for opportunities.
202. jaat boy  Jan 18, 2018 11:02:27 AM IST I Like It. | Report Abuse Reply
any update news?? kina jayega??
201. Sujal  Jan 16, 2018 5:54:11 PM IST I Like It. 3 | Report Abuse Reply
Jhandewala food target 200 time period 6 months
201.3. jaat boy  Jan 17, 2018 9:54:00 AM IST I Like It. | Report Abuse
this ipo hold/ sell ?? help plz
201.4. Rajendra Chandravanshi  Jan 17, 2018 10:36:57 PM IST I Like It. | Report Abuse
150 is not so far, within a month it may touch this price.
200. Kishor Asher  Jan 14, 2018 2:06:42 PM IST I Like It. 2 | Report Abuse Reply
Jhandewala products are available only in Rajasthan. They do not have dealers all over India. Tgey have tough competition from Patanjali. All multi-nationals like Dabur-Uniliver are finding it difficult to sell thier production. Jhandewala is just kid against Patanjali. Tgere is too much hype about JF. I remember one sme ipo DRA consultant.
Dra went upto 56 in listing week but now it is 39 rupees. Jhandewalas can fetch max price of 80.
200.2. Small Investor  Jan 15, 2018 10:53:42 AM IST I Like It. 2 | Report Abuse
i agree with you Sir,Jhandewala''s Product are available mostly in Rajastah and share will come down in range of 50-60 in 2-3 months but high level seen at the time is rs 90-103 in 2-3 days
200.3. GODFATHER  Jan 17, 2018 7:06:54 AM IST I Like It. 2 | Report Abuse
Completely wrong. Share Price is a relative term. Jhandewala is a well established company having proven track record. It has consistently performed in the past. Its P/E and price per book value is very reasonable. Compare this with Sheetal cool products which is also only Gujarat based company. Sheetal is having lesser revenue and profit than this and has been more than doubled in price.
199. Small Investor  Jan 12, 2018 11:27:50 AM IST I Like It. 8 | Report Abuse Reply
next price will be seen in next 3 trading season

on 15th Jan=79.20 ( 20% UC) Possible
on 16th Jan=95.00 ( 20% UC) Possible
on 17th Jan=104.50 ( 10% UC) Possible ?
Total Gain=22000+26400+31680+19000=99080 possible
199.7. Yudi ✔  Jan 15, 2018 8:30:10 PM IST I Like It. | Report Abuse
Do the circuit limit decrease to 10 percent from 4th day.
199.8. Yudi ✔  Jan 16, 2018 2:44:11 PM IST I Like It. 1 | Report Abuse
Trading at 82-84. What to do suggest, please.
198. Archi  Jan 16, 2018 1:37:51 PM IST I Like It. | Report Abuse Reply
Icici direct asba se kisika allotment buaa hain kya jhandelwal ka
Mere porfoloyo main nahi show ho raha hain
Demat allocation main dikh raha hain
Pls help
197. Archi  Jan 16, 2018 11:20:43 AM IST I Like It. | Report Abuse Reply
Not able to sell this ipo
Pls guide what is the issue?
I am getting msg as stock may not be available for trading on nse or bse
197.1. jaat boy  Jan 16, 2018 12:41:15 PM IST I Like It. | Report Abuse
muje bi help chaye?? kya hoga ish ipo ka future???
196. Reet  Jan 16, 2018 10:00:00 AM IST I Like It. | Report Abuse Reply
This message has been removed by a moderator.
196.1. KarthikS  Jan 16, 2018 10:10:13 AM IST I Like It. | Report Abuse
Hold till 100
195. Reet  Jan 16, 2018 7:53:24 AM IST I Like It. | Report Abuse Reply
Plz advise as how many circuits are expected in this stock
194. Yudi ✔  Jan 10, 2018 9:57:13 AM IST I Like It. | Report Abuse Reply
Hi, Senior Members of Forum,

Please share the details of latest GMP. What listing gains can be expected?
Shall the one who has been alloted hold it for few days or exit first days?

Please share your thoughts.
194.2. rvr  Jan 12, 2018 9:56:44 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
If you got allotted ..keep 2 days and sell on the third day if not an uc
194.3. Yudi ✔  Jan 15, 2018 8:33:37 PM IST I Like It. | Report Abuse
What''s your suggestion now seeing two days trades.
193. jaat boy  Jan 15, 2018 6:49:40 PM IST I Like It. | Report Abuse Reply
koi to advise di...plzz achi wali.... kaha tak jayega?? kab niklna thik rahega?? help dosto??
192. Reet  Jan 14, 2018 11:29:12 PM IST I Like It. | Report Abuse Reply
Hi , after rkec I got allotted one lot of jhandewalas .. rkec I sold after 3rd circuit ..plz guide for jhandewalas as many circuits are expected ..I follow umang post a lot .. plz guide how long shd I wait .. is it a long term bet or for short term at what price shd I exit .. thanks
191. jaat boy  Jan 12, 2018 6:49:38 PM IST I Like It. | Report Abuse Reply
hello boht mahino ke bad 1st sme ipo laga h
money kisi se #udar liya muje kaha per nikal jana chaye?? ye moka boht intzaar se mila h ?? ye kitne tak jayega?? or budget ka kya asar hoga??
191.1. Vijendra  Jan 14, 2018 10:30:28 PM IST I Like It. | Report Abuse
Budget ka asar nahi hoga

But don''t hold as you taken money from someone else.. wait for the day, if UC was not there sell, take profit and return the money.. save your borrowed capital
190. Joska  Jan 13, 2018 11:06:57 PM IST I Like It. | Report Abuse Reply
Should we hold jhandewalas for long term? Or sell with initial gain?
189. Krishna patel  Jan 13, 2018 10:58:09 AM IST I Like It. 1 | Report Abuse Reply
I don''t think it will stop until 110. Comparing with other dairy companies,fair value around 140.
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