Jay Kailash Namkeen Limited IPO
BSE SMEListed On: Apr 8, 2024 at ₹ 85.0
₹ 233600 /3200 Shares
*Min Investment
28 Mar, 2024
Open Date03 Apr, 2024
Close Date04 Apr, 2024
Allotment Date08 Apr, 2024
Listing DateJay Kailash Namkeen Limited IPO Issue Details
- Issue Price ₹70-73 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 16,33,600 shares(aggregating up to ₹11.93 crore)
- Fresh Share 16,33,600 shares(aggregating up to ₹11.93 crore)
- Listing at BSE SME
- List Price 85.0
- Listing Date 2024-04-08
- Lead Manager Expert Global Consultants Private Limited
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following 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 | 1600 | ₹1,16,800 |
| Retail(max) | 1 | 1600 | ₹1,16,800 |
| NII (min) | 2 | 3200 | ₹2,33,600 |
Jay Kailash Namkeen Limited IPO Reservation
Jay Kailash Namkeen Limited IPO offers total 1,633,600 shares. Out of which 464,000 (28.4%) allocated to QIB, 310,400 (19%) allocated to NII,776,000 (47.5%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 83,200 (5.09%) | |
| QIB Shares Offered | 464,000 (28.4%) | |
| NII (HNI) Shares Offered | 310,400 (19%) | |
| Retail Shares Offered | 776,000 (47.5%) | |
| Total Shares Offered | 1,633,600 (100%) |
Jay Kailash Namkeen Limited IPO Details
Jay Kailash Namkeen Limited IPO is an SME IPO, priced at ₹70-73 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 16,33,600 equity shares, aggregating up to ₹11.93 crores..
The IPO bidding window is open from Mar 28, 2024 to Apr 3, 2024. The allotment is expected to be finalized on Apr 4, 2024, and the tentative listing date is Apr 8, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,16,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,33,600.
Expert Global Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Rikhav Securities Limited will act as the market maker for this issue.
Jay Kailash Namkeen Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 464,000 / 310,400 | 776,000 | 1,540,400 |
Day 1 28-03-24 06:00 PM | 0.89 / 1.65 x | 1.87 x | 1.53 x |
Day 2 01-04-24 06:00 PM | 1.03 / 3.10 x | 5.14 x | 3.50 x |
Day 3 02-04-24 06:00 PM | 1.50 / 6.68 x | 13.72 x | 8.65 x |
Day 4 03-04-24 06:00 PM | 2.32 / 68.93 x | 50.99 x | 40.02 x |
Jay Kailash Namkeen Limited Valuations
Jay Kailash Namkeen Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 671.19 | 613.46 | 373.57 |
| Revenue | 987.74 | 1,043.12 | 1,314.80 |
| Profit After Tax | 88.79 | 54.57 | 8.81 |
| Net Worth | 359.21 | 83.20 | 28.42 |
| Reserves & Surplus | 65.88 | 49.42 | N/A |
| Total Borrowing | 238.44 | 65.76 | 111.58 |
About Jay Kailash Namkeen Limited Company
Jay Kailash Namkeen Limited is a packaged Indian snack company, which was founded in the year 2021.
Product Portfolio of Company:
Chana Jor Namkeen, Masala Chana Jor, Pudina Chana, Masala Mung Jor, Plain Mung Jor, Soya Sticks, Haldi Chanas, Chana dal, Sev Murmura & Garlic Sev Murmura, Bhavnagari Gathiya, Chana Dal, Sing Bhujia, Popcorn, Roasted Peanuts, etc.
The company deals with 186 SKUs of 56 products that are available in sizes of ₹5, ₹10, 200 grams, 400 grams, 500 grams, 5 kilograms, and 20 kilograms.
The clientele of Jay Kailash Namkeen lies in Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana, and Uttar Pradesh.
The Rajkot location in Gujarat holds the production house of the company, which produces at a capacity of 10 tons per working day.
As of November 30, 2023, the company had 14 permanent employees and 35 hourly paid on-call workers for production and shipping and 6 employees for marketing and sales.
Jay Kailash Namkeen Limited - Promoter(s)
Mr. Neel Narendrabhai Pujara
Ms. Tulsi Neel Pujara
Pre Issue Share Holding : 71.82%
Post Issue Share Holding : 48.33%
Jay Kailash Namkeen Limited IPO - Issue Objectives
To meet the working capital requirement
General corporate purpose.
Jay Kailash Namkeen Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Jay Kailash Namkeen Limited | 3.03 | 3.03 | 12.25 | N/A | 24.72 | 5.96 | Standalone |
| Annapurna Swadisht Limited | 4.35 | 4.35 | 36.39 | 44.24 | 11.95 | N/A | Consolidated |
| Prataap Snacks Ltd | 8.51 | 8.51 | 288.34 | 86.55 | 3.07 | N/A | Consolidated |
Notes:
- RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details
Jay Kailash Namkeen Limited
Deeva House, Fourth Floor, Diwanpara 11/12 corner, Rajkot City, Rajkot - 360001
0281-2993110
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Jay Kailash Namkeen Limited IPO - FAQs
Ans. Jay Kailash Namkeen Limited IPO is a SME IPO. The issue is priced at ₹70-73 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Mar 28, 2024, and closes on Apr 3, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Jay Kailash Namkeen Limited IPO opens on Mar 28, 2024 and closes on Apr 3, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Jay Kailash Namkeen Limited IPO is 1,633,600 shares(aggregating up to ₹11.93 Cr).
Ans. The Jay Kailash Namkeen Limited IPO price band is set between ₹70-73 per equity share.
Ans. To apply for Jay Kailash Namkeen Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Jay Kailash Namkeen Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Jay Kailash Namkeen Limited IPO is Apr 4, 2024.
Ans. The Jay Kailash Namkeen Limited IPO will be listed on Apr 8, 2024.
Ans. Follow the steps to check the Jay Kailash Namkeen Limited IPO allotment status online.
