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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
| 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 | |
| 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 Size | 2,490,000 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 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 |
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 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 58.44% |
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...
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)
| Category | Subscription (times) |
|---|---|
| NII | 1.90 |
| Retail | 0.82 |
| Total | 1.36 |
| 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 |
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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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
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
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.
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