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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 Promoters:

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

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

IPO Opening Date Mar 31, 2021
IPO Closing Date Apr 7, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹20 per equity share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
Issue Size2,490,000 Eq Shares of ₹10
(aggregating up to ₹4.98 Cr)

Jetmall spices and masala ipo Tentative Timetable

The Jetmall spices and masala ipo open date is Mar 31, 2021, and the close date is Apr 7, 2021. The issue may list on Apr 19, 2021.

IPO Open Date Mar 31, 2021
IPO Close Date Apr 7, 2021
Basis of Allotment Date Apr 12, 2021
Initiation of Refunds Apr 12, 2021
Credit of Shares to Demat Account Apr 15, 2021
IPO Listing Date Apr 19, 2021

Jetmall spices and masala ipo Lot Size

The Jetmall spices and masala ipo market 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 (Cut-off)
Minimum 1 6000 ₹120,000
Maximum 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 Subscription Status (Bidding Detail)

The Jetmall spices and masala ipo is subscribed 1.36 times on Apr 7, 2021 07:47. The public issue subscribed 0.82 in the retail category, in the QIB category, and 1.90 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII

1.90

RII

0.82

Total

1.36

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 equity share
Face Value ₹10 per equity 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://online.cameoindia.com/

Jetmall spices and masala ipo Reviews / Ratings

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 equity 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 6000 Shares.

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.

Jetmall spices and masala ipo Message Board

Ranked Members  Ranked Members

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8. Delhi Trade |Mar 25, 2021 13:34
In my opinion: Investors should invest in SME. SMEs have seen extensive business growth.
7. amit K singh |Mar 25, 2021 16:27
IPO Mentor IPO Mentor (700+ Posts, 1300+ Likes)
Did Sebi approve sme ipo to be listed in Chittorgarh main board?? Lol..
6. IPOANALYSIS |Mar 25, 2021 14:16
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Mar 25, 2021 14:14
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Mar 25, 2021 13:45
Dear Admin,
This IPO is showing up in the Mainboard section. Kindly move it to the SME section.
Thanks!
3. Manup |Mar 25, 2021 13:36
SME ipo mainboard pe
2. Akula PapaRao |Mar 25, 2021 13:07
it will be too spicy to digest :-)
1. IPOANALYSIS |Mar 25, 2021 12:47
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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