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Jiya Eco Products Ltd IPO (Jiya Eco Products IPO) Detail

June 29, 2015 - July 2, 2015

Jiya Eco Products IPO is a fixed price issue of Rs 4.58 crores.

Jiya Eco Products IPO bidding started from June 29, 2015 and ended on July 2, 2015. The shares got listed on BSE SME on July 16, 2015.

Jiya Eco Products IPO price is ₹19 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹114,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Jiya Eco Products IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Jiya Eco Products IPO RHP for detailed information.

Jiya Eco Products IPO Details

IPO Date June 29, 2015 to July 2, 2015
Listing Date July 16, 2015
Face Value ₹10 per share
Price ₹19 per share
Lot Size 6000 Shares
Total Issue Size2,412,000 shares
(aggregating up to ₹4.58 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Jiya Eco Products IPO Reservation

Jiya Eco Products IPO Lot Size

Investors can bid for a minimum of 6000 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 6000 ₹114,000
Retail (Max) 1 6000 ₹114,000
Lot Size Calculator

About Jiya Eco Products Ltd

Incorporated in 2011, Jiya Eco Products Ltd is an ISO 9001:2008 certified company engaged in the manufacturing of bio-fuels viz. bio-briquettes and bio-pellets which is an alternative source of energy and has the ability to replace/are fairly good substitutes of traditional fossil fuels like coal, firewood, lignite, etc.

At present, the company has authorised collection centres spread over surrounding villages to source agricultural waste which serves as the major raw material in production of bio-fuels. The company received various incentives from Government including tax holiday, interest rate subvention and VAT exemption. Currently JEPL is one of the key players across the state of Gujarat in bio-fuel sector and has plans to expand its presence on PAN India basis.

Objects of the Issue (Jiya Eco Products IPO Objectives)

The object of the issue are:

1. Purchase of new machinery;
2. Working capital requirement; and
3. Meet issue expenses.

Jiya Eco Products IPO Review (May apply)

[Dilip Davda]  

If we attribute the FY 2015 earning on annualized basis on fully diluted equity post IPO then the asking price is at a P/E of 5 plus that makes it a justified price IPO.

On performance front, the company has posted turnover/net profit of Rs. 1.65/Rs. 0.07 crore (FY 2013) and Rs. 14.02/Rs. 1.05 crore (FY 2014). For first nine months ended 31.12.14 it has earned net profit of Rs. 2.40 crore on a turnover of Rs. 20.46 crore.

This is 9th IPO from this merchant banker that has positive return record for its past seven listed mandates and eighth IPO of Ambition that is closing on 30.06.15.

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.

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Jiya Eco Products IPO Prospectus

Jiya Eco Products IPO Rating

Rating:Rated 4.6 stars
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Jiya Eco Products IPO Listing Details

Listing Date July 16, 2015
BSE Script Code 539225
ISIN INE023S01016
Final Issue Price ₹19 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
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Jiya Eco Products IPO Contact Details

Jiya Eco Products Ltd
G-6/7 B Ruthraj Complex,
Opp A V School Ground,
Bhavnagar - 364001, Gujarat
Phone: +91-2841-281028

Jiya Eco Products IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Jiya Eco Products IPO - Buy or Not

Jiya Eco Products IPO Recommendation Summary

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Jiya Eco Products IPO FAQs

Jiya Eco Products IPO is a SME IPO of 2,412,000 equity shares of the face value of ₹10 aggregating up to ₹4.58 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 6000 Shares.

The IPO opens on June 29, 2015, and closes on July 2, 2015.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Jiya Eco Products IPO opens on June 29, 2015 and closes on July 2, 2015.

Jiya Eco Products IPO lot size is 6000 Shares, and the minimum amount required is ₹114,000.

You can apply in Jiya Eco Products 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 Jiya Eco Products IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jiya Eco Products IPO allotment status.

The Jiya Eco Products IPO listing date is on July 16, 2015.
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Jiya Eco Products IPO Message Board

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2. vijay sahajwani |   Link |Jul 11, 2015 7:57:00 PM
Sir I have applied for jiya eco ipo in 3 application,should I will get listing gain?
2.1. DURAISWAMY |   Link |Jul 13, 2015 7:57:12 PM
1. ramkishore vemula |   Link |Jul 1, 2015 10:35:19 PM
I filled online application in bse website and got the pdf with all my details. It should be submitted in collecting center.

I checked prospects of the company it was given collection banks are indusind bank & ICICI bank. Is it ok to submit the application in ICICI bank any branch.

Please guide me where to submit the application.