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Jetmall Spices and Masala Limited IPO (Jetmall spices and masala ipo) Detail

Mar 31, 2021 - Apr 7, 2021

Incorporated in 2012, Jetmall Spices and Masala Limited is engaged in the trading and marketing activities of spices, food products, masalas, and dry fruits. Its product portfolio includes ready-to-eat foods, food grains, nuts, dry fruits, food ingredients, processed foods, food stuffs, etc.

It imports spices from countries i.e. Srilanka, Vietnam, Indonesia, etc., and supplies it in India in bulk quantity. It follows the B2B business model to sell products to various parties like Masala manufacturers, exporters, etc.

Competitive strengths

  • Premium quality spices and masala.
  • Strong packaging and logistic infrastructure.
  • Experienced management.
  • Customer loyalty.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 602.24 885.35 1,988.59 1,738.16
Total Revenue 925.90 3,915.62 4,344.54 5,032.61
Profit After Tax 64.92 14.77 17.61 25.62

Objects of the Issue

  • Setting up 10 new retail outlets.
  • To meet the company's working capital requirements.
  • General corporate purposes.
  • To meet issue expenditures.

Jetmall spices and masala ipo Details

Jetmall spices and masala ipo Date Mar 31, 2021 to Apr 7, 2021
Jetmall spices and masala ipo Face Value ₹10 per share
Jetmall spices and masala ipo Price ₹20 per share
Jetmall spices and masala ipo Lot Size 6000 Shares
Issue Size2,490,000 shares of ₹10
(aggregating up to ₹4.98 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr. Bharat Kumar Pukhrajji is the promoter of the company.

Jetmall spices and masala ipo Timeline (Tentative Timetable)

Jetmall spices and masala ipo opens on Mar 31, 2021, and closes on Apr 7, 2021. The Jetmall spices and masala ipo bid date is from Mar 31, 2021 10.00 A.M. to Apr 7, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Jetmall spices and masala ipo Opening Date Mar 31, 2021
Jetmall spices and masala ipo Closing Date Apr 7, 2021
Basis of Allotment Apr 12, 2021
Initiation of Refunds Apr 12, 2021
Credit of Shares to Demat Apr 15, 2021
Jetmall spices and masala ipo Listing Date Apr 19, 2021

Jetmall spices and masala ipo Lot Size

The Jetmall spices and masala ipo lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000

Jetmall spices and masala ipo Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 58.44%

Jetmall spices and masala ipo Review

The offer document is unpalatable and silent on many informal data. It has posted declining financial performance for the last three fiscals and whopping profits for the first half which is raising eyebrows. The asking price is at a P/E of 40 plus on the basis of the last three year’s average. The sustainability of FY21 first-half performance is a million-dollar question. Based on issue expenses criteria, this issue is fully structured. There is no harm in giving this issue a miss. Read detail review...


Jetmall spices and masala ipo Subscription Status (Bidding Detail)

The Jetmall spices and masala ipo is subscribed 1.36 times on Apr 7, 2021 7:47:00 AM. The public issue subscribed 0.82 times in the retail category, times in the QIB category, and 1.90 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.90
Retail0.82
Total1.36

Jetmall spices and masala ipo Prospectus

Jetmall spices and masala ipo Rating

57
3.1
Rating:Rated 3.1 stars
Vote Here ...

Jetmall spices and masala ipo Listing Date

Listing Date Monday, April 19, 2021
BSE Script Code 543286
NSE Symbol
Listing In MT Group of Securities
ISIN INE0D9X01018
IPO Price ₹20 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹20.50
₹19.50
₹21.00
₹19.50

Company Contact Information

Jetmall Spices and Masala Limited
87A, Govindappa Naicken Street
Sowcarpet, Chennai - 600 001

Phone: 044-2536 0269
Email: jetmallltd@gmail.com
Website: https://jetmallltd.com/

Jetmall spices and masala ipo Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/

Jetmall spices and masala ipo Review

Jetmall spices and masala ipo Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Jetmall spices and masala ipo FAQs

Jetmall spices and masala ipo is a SME IPO of 2,490,000 equity shares of the face value of ₹10 aggregating up to ₹4.98 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.

The IPO opens on Mar 31, 2021, and closes on Apr 7, 2021.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Jetmall spices and masala ipo using UPI as a payment gateway. Zerodha customers can apply in Jetmall spices and masala ipo by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Jetmall spices and masala ipo through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Jetmall spices and masala ipo' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Jetmall spices and masala ipo opens on Mar 31, 2021 and closes on Apr 7, 2021.

Jetmall spices and masala ipo lot size is 6000 Shares and the minimum order quantity is .

You can apply in Jetmall spices and masala 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Jetmall spices and masala ipo will be done on Apr 12, 2021, and the allotted shares will be credited to your demat account by Apr 15, 2021. Check the Jetmall spices and masala ipo allotment status.

The Jetmall spices and masala ipo listing date is on Monday, April 19, 2021.
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Jetmall spices and masala ipo Message Board

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21 Comments

14. IPOANALYSIS |   Link |Apr 6, 2021 11:02:28 PM
Again remind Mark corporate advisor is the worst lead manager with 0 success rate . Wonder how such LM is allowed to come with new IPO. The fundamentals and LM both bad. The main purpose of this IPo Is just to enjoy with people money
13. IPOANALYSIS |   Link |Apr 5, 2021 10:38:06 AM
Iska lead manager sabse bakwaas hai. It has 0 pc track record of success. Look at his guts. He knew even if 400 fools apply it will go through. Don''t be in list of that 400 fool
12. Investment Advisor Anup P Bhatia |   Link |Apr 5, 2021 12:22:03 PM
Dear Admin, Please give us option to edit posted message to users cause sometimes if their is any typo mistake or otherwise we should get option to edit the same. Thanks
11. Investment Advisor Anup P Bhatia |   Link |Apr 2, 2021 9:43:27 PM
My personal research say that in 2019 out of 31 SME IPOs 16 are trading in profit (50% Success Ratio) and in 2020 out of 49 only 18 are trading in profit (30% Success Ratio). So totally disagree with comments that all SME IPO are not good to invest.
11.5. IPOANALYSIS |   Link |Apr 5, 2021 1:10:03 AM
Noone will do anything. Better to avoid such scrips. This Jetmall spices and Masala looks like a local trading company with no vision just to find few bakras. Look at lead manager track record all of them are down 50 pc and more. Even if 300 people apply out of 5 crore dmat account holder issue will go through. Also there can be few fake applicatio. Midway as well so very easy to collect money . You should just stay away from such scrips and bad lead manager
11.6. Investment Advisor Anup P Bhatia |   Link |Apr 5, 2021 12:20:28 PM
I liked what Deepkumar said, lets do some research to find the best from the worst. Lets look deeper into previous 2020 and 2019 listing companies and find out some key points which can be useful in selecting the best from future small cap IPO''s.
10. IPOANALYSIS |   Link |Mar 31, 2021 3:31:04 PM
Lagta hai fake 30 application applied from company relatives.
9. IPOANALYSIS |   Link |Mar 31, 2021 12:31:44 PM
Another stock with fair value of 2 Rs
8. Delhi Trade |   Link |Mar 25, 2021 1:34:41 PM
In my opinion: Investors should invest in SME. SMEs have seen extensive business growth.
8.1. Deepakkumar |   Link |Mar 28, 2021 2:52:36 PM
Top Contributor Top Contributor (200+ Posts)
@Delhi Trade. Strictly avoid this one.
7. amit K singh |   Link |Mar 25, 2021 4:27:51 PM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
Did Sebi approve sme ipo to be listed in Chittorgarh main board?? Lol..
6. IPOANALYSIS |   Link |Mar 25, 2021 2:16:24 PM
Leadmanager has all its issues down 80 -90 pc. Lol. We should give standing ovation to such LM. Abhi tak why this LM is not banned .
5. IPOANALYSIS |   Link |Mar 25, 2021 2:14:04 PM
Is lead manager Ka 1 BHI IPO Nahi Chala
Ek trading company masalo ki la Raha hai. Ashok mart Aaya tha and is now 50 pc discount.
4. PaGarr |   Link |Mar 25, 2021 1:45:38 PM
Dear Admin,
This IPO is showing up in the Mainboard section. Kindly move it to the SME section.
Thanks!
3. Manup |   Link |Mar 25, 2021 1:36:25 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
SME ipo mainboard pe
2. Akula PapaRao |   Link |Mar 25, 2021 1:07:18 PM
it will be too spicy to digest :-)
1. IPOANALYSIS |   Link |Mar 25, 2021 12:47:50 PM
Lead manager BHI Chor air company ke toh kya kehne trading masala. Wah wah wah . Abhi BHI deri Nahi hui please exchange and SEBI do not let fraudsters lead manager and such pathetic company raise money. A few retailer who don''t know will get trapped
Please don''t make this a joke of SME