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 DateMar 31, 2021
IPO Closing DateApr 7, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹20 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE 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 DateMar 31, 2021
IPO Close DateApr 7, 2021
Basis of Allotment DateApr 12, 2021
Initiation of RefundsApr 12, 2021
Credit of Shares to Demat AccountApr 15, 2021
IPO Listing DateApr 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹120,000
Maximum16000₹120,000

Jetmall spices and masala ipo Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding58.44%

Jetmall spices and masala ipo Subscription Status (Bidding Detail)

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

CategoryIPO Subscription
NII

1.90x

RII

0.82x

Total

1.36x

Jetmall spices and masala ipo Prospectus

Jetmall spices and masala ipo Rating

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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
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

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

Jetmall spices and masala ipo FAQs

  1. What is Jetmall spices and masala ipo?

    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.

  2. How to apply in Jetmall spices and masala ipo through Zerodha?

    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.

  3. When Jetmall spices and masala ipo will open?

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

  4. What is the lot size of Jetmall spices and masala ipo?

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

  5. How to apply for Jetmall spices and masala ipo?

    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.

  6. When Jetmall spices and masala ipo allotment?

    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.

  7. When is Jetmall spices and masala ipo listing date?

    The Jetmall spices and masala ipo listing date is not yet announced. The tentative date of Jetmall spices and masala ipo listing is Apr 19, 2021.

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