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Jay Kailash Namkeen IPO is a book built issue of Rs 11.93 crores. The issue is entirely a fresh issue of 16.34 lakh shares.
Jay Kailash Namkeen IPO bidding started from March 28, 2024 and ended on April 3, 2024. The allotment for Jay Kailash Namkeen IPO was finalized on Thursday, April 4, 2024. The shares got listed on BSE SME on April 8, 2024.
Jay Kailash Namkeen IPO price band is set at ₹70 to ₹73 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹116,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹233,600.
Expert Global Consultants Private Limited is the book running lead manager of the Jay Kailash Namkeen IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Jay Kailash Namkeen IPO is Rikhav Securities.
Refer to Jay Kailash Namkeen IPO RHP for detailed information.
| IPO Date | March 28, 2024 to April 3, 2024 |
| Listing Date | April 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹73 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,633,600 shares (aggregating up to ₹11.93 Cr) |
| Fresh Issue | 1,633,600 shares (aggregating up to ₹11.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,363,333 |
| Share holding post issue | 4,996,933 |
| Market Maker portion | 83,200 shares Rikhav Securities |
Jay Kailash Namkeen IPO offers 1,633,600 shares. 464,000 (28.40%) to QIB, 310,400 (19.00%) to NII, 776,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 83,200 (5.09%) |
| QIB Shares Offered | 464,000 (28.40%) |
| NII (HNI) Shares Offered | 310,400 (19.00%) |
| Retail Shares Offered | 776,000 (47.50%) |
| Total Shares Offered | 1,633,600 (100%) |
Jay Kailash Namkeen IPO opens on March 28, 2024, and closes on April 3, 2024.
| IPO Open Date | Thursday, March 28, 2024 |
| IPO Close Date | Wednesday, April 3, 2024 |
| Basis of Allotment | Thursday, April 4, 2024 |
| Initiation of Refunds | Friday, April 5, 2024 |
| Credit of Shares to Demat | Friday, April 5, 2024 |
| Listing Date | Monday, April 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹116,800 |
| Retail (Max) | 1 | 1600 | ₹116,800 |
| HNI (Min) | 2 | 3,200 | ₹233,600 |
| Lot Size Calculator | |||
The company's Promoters are Mr. Neel Narendrabhai Pujara and Ms. Tulsi Neel Pujara.
| Share Holding Pre Issue | 71.82% |
| Share Holding Post Issue | 48.33% |
Jay Kailash Namkeen Limited was established in 2021 and manufactures packaged Indian snacks.
The company's product portfolio includes Chana Jor Namkeen, Masala Chana Jor, Pudina Chana, Masala Mung Jor, Plain Mung Jor, Soya Sticks, Haldi Chanas, Chana dal, Sev Murmura & Garlic Sev Murmura, Bhavnagari Gathiya, Chana Dal, Sing Bhujia, Popcorn, Roasted Peanuts, etc.
The company has 186 SKUs of 56 products in sizes of ₹5, ₹10, 200 grams, 400 grams, 500 grams, 5 kilograms and 20 kilograms.
Jay Kailash Namkeen's customers come from Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Uttar Pradesh.
The company's production facility is located in Rajkot, Gujarat, and has a production capacity of 10 tons per working day.
As of November 30, 2023, the company employed 14 permanent employees and 35 hourly paid on-call workers for production and shipping and 6 employees for marketing and sales.
Jay Kailash Namkeen Limited's revenue decreased by -5.31% and profit after tax (PAT) rose by 62.71% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,118.30 | 671.19 | 613.46 | 373.57 |
| Revenue | 646.19 | 987.74 | 1,043.12 | 1,314.80 |
| Profit After Tax | 40.45 | 88.79 | 54.57 | 8.81 |
| Net Worth | 582.45 | 359.21 | 83.20 | 28.42 |
| Reserves and Surplus | 246.12 | 65.88 | 49.42 | |
| Total Borrowing | 354.67 | 238.44 | 65.76 | 111.58 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Jay Kailash Namkeen IPO is Rs 36.48 Cr.
KPI as of March 31, 2023.
| KPI | Values |
|---|---|
| ROE | 24.72% |
| ROCE | 31.91% |
| Debt/Equity | 0.61 |
| RoNW | 24.72% |
| P/BV | 5.95 |
| PAT Margin (%) | 9.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.64 | 1.21 |
| P/E (x) | 27.65 | 60.12 |
The company intends to utilize the net proceeds of the issue to meet the following objects:
[Dilip Davda] The company is operating in a highly competitive segment of namkeen. It posted inconsistency in its financial performance for the reported periods. Low capacity utilization is a major concern. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this pricey bet. Read detail review...
The Jay Kailash Namkeen IPO is subscribed 40.02 times on April 3, 2024 6:21:07 PM. The public issue subscribed 50.99 times in the retail category, 2.32 times in the QIB category, and 68.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.32 |
| NII | 68.93 |
| Retail | 50.99 |
| Total | 40.02 |
Total Application : 32,073 (66.13 times)
Note:
1. The amount of Total income and PAT for FY 2022 is calculated by adding values from July 1, 2021, to March 31, 2022, and From April 1, 2021, to June 30, 2021 (i.e. 725.97+317.15 = Rs. 1043.12 lacs) as given in the income statement. Similarly, for total assets, Total assets are taken Rs. 613.46 Lakhs for FY 2022 (i.e. 223.25+ 390.21).
2. November 30, 2023 financial data - From April 1, 2023, to November 30, 2023.
| Listing Date | April 8, 2024 |
| BSE Script Code | 544160 |
| NSE Symbol | |
| ISIN | INE0MSS01019 |
| Final Issue Price | ₹73 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹73.00 |
| ₹85.00 |
| ₹80.75 |
| ₹86.90 |
| ₹80.75 |
Jay Kailash Namkeen Limited
Deeva House, Fourth Floor,
Diwanpara 11/12 corner, Rajkot City,
Rajkot - 360001
Phone: 0281-2993110
Email: cs@jaykailashnamkeen.com
Website: http://www.jaykailashnamkeen.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Jay Kailash Namkeen IPO is a SME IPO of 1,633,600 equity shares of the face value of ₹10 aggregating up to ₹11.93 Crores. The issue is priced at ₹70 to ₹73 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 28, 2024, and closes on April 3, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Jay Kailash Namkeen IPO using UPI as a payment gateway. Zerodha customers can apply in Jay Kailash Namkeen IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jay Kailash Namkeen IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jay Kailash Namkeen IPO opens on March 28, 2024 and closes on April 3, 2024.
Jay Kailash Namkeen IPO lot size is 1600 Shares, and the minimum amount required is ₹116,800.
You can apply in Jay Kailash Namkeen IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jay Kailash Namkeen IPO will be done on Thursday, April 4, 2024, and the allotted shares will be credited to your demat account by Friday, April 5, 2024. Check the Jay Kailash Namkeen IPO allotment status.
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