IPO

Jeyyam Global Foods Limited IPO

NSE SME

Listed On: Sep 9, 2024 at ₹ 61.0

₹ 244000 /4000 Shares
*Min Investment

Check Allotment

02 Sep, 2024

Open Date

04 Sep, 2024

Close Date

05 Sep, 2024

Allotment Date

09 Sep, 2024

Listing Date
Jeyyam Global Foods IPO Issue Details
  • Issue Price ₹59-61 per equity share
  • Face Value ₹5 Per Equity Share
  • Total Issue Size 1,34,32,000 shares(aggregating up to ₹81.94 crore)
  • Fresh Share 1,20,88,800 shares(aggregating up to ₹73.74 crore)
  • Offer For Sale 13,43,200 shares(aggregating up to ₹8.19 crore)
  • Listing at NSE SME
  • List Price 61.0
  • Listing Date 2024-09-09
  • Lead Manager Corpwis Advisors Private Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 2000 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.

ApplicationLotsSharesAmount
Retail (min)12000₹1,22,000
Retail(max)12000₹1,22,000
NII (min) 24,000₹2,44,000
Jeyyam Global Foods IPO Reservation

Jeyyam Global Foods IPO offers total 1,34,32,000 shares. Out of which 26,04,000 (19.39%) allocated to QIB, 19,14,000 (14.25%) allocated to NII,44,66,000 (33.25%) allocated to RII, NA (NA%) allocated to employees and 37,76,000 (28.11%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered37,76,000 (28.11%)
Market Maker Shares Offered6,72,000 (5%)
QIB Shares Offered26,04,000 (19.39%)
NII (HNI) Shares Offered19,14,000 (14.25%)
Retail Shares Offered44,66,000 (33.25%)
Total Shares Offered1,34,32,000 (100%)
Jeyyam Global Foods IPO Documents
DRHP
Jeyyam Global Foods IPO Details


Jeyyam Global Foods Limited IPO is an SME IPO, priced at ₹59-61 per equity share. The equity shares have a face value of ₹5 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 1,34,32,000 equity shares, aggregating up to ₹81.94 crores..

The IPO bidding window is open from Sep 2, 2024 to Sep 4, 2024. The allotment is expected to be finalized on Sep 5, 2024, and the tentative listing date is Sep 9, 2024.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,22,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,44,000.

Corpwis Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Nnm Securities Private Limited will act as the market maker for this issue.

Read More
Jeyyam Global Foods IPO Subscription Analysis And Details
Retail
70.49x
Total
120.66x
As onQIB / NIIRetailTotal
Shares Offered / Reserved2,604,000 / 1,914,0004,466,0008,984,000
Day 1 02-09-24 06:00 PM
0.63 / 0.97 x2.47 x1.62 x
Day 2 03-09-24 06:00 PM
0.63 / 2.70 x7.26 x3.47 x
Day 3 04-09-24 06:00 PM
54.62 / 322.17 x70.49 x120.66 x
Total No of Applications
1,57,278
Jeyyam Global Foods Valuations
EPS Pre IPO ₹4.26/-
EPS Post IPO ₹3.18/-
P/E Pre IPO 14.31
P/E Post IPO 19.2
ROE 18.81%
ROCE 26.27%
Debt/Equity 1.20
RoNW 18.81%
PAT Margin 2.40
Price to Book Value 2.69
Jeyyam Global Foods Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets19,226.3916,835.029,941.17
Revenue62,983.4238,220.6225,388.3
Profit After Tax1,509.11786.8436.8
Net Worth8,022.426,513.65,726.51
Reserves & Surplus6,252.026,452.265,665.46
Total Borrowing9,620.59,226.053,319.3
About Jeyyam Global Foods Company

Established in 2008, Jeyyam Global Foods Limited, formerly known as Kichoni Online Services Private Limited, produces and/or processes Bengali chickpeas (locally known as 'chana'), Fried Gram, and Besan Flour and supplies these to a variety of markets such as distributors, large retailers, hotels, restaurants, caterers, branded supermarkets and wholesalers.

The Company has obtained FSSAI license for its Two Factory locations Ammalamudugu and Devattipatti and ensures the standards of ISO 9001:2015 and ISO 22000:2018 in both factory location and has obtained ISO certification of Salem Factory.

Products offered by Jeyyam are:
Jeyyam Fried gram (Split), Jeyyam fried gram (Whole) Standard Fried gram (Split) and Standard Fried gram (Whole)
Jeyyam Gram Flour
Leader Gram Flour and Ponni Gram Flour

As of March 31, 2024, the company operated with 155 permanent employees.

Read More
Jeyyam Global Foods - Promoter(s)

Mr. Shripal Veeramchand Sanghvi, Mr. Amit Agarwal, Mrs. Sujathaa Mehta, Shanti Guru Industries Limited, Mrs. Sarika Ssangavi, M/s. Shripal Sanghvi HUF and M/s. Mahipal Sanghvi HUF.

Pre Issue Share Holding : 92%

Post Issue Share Holding : 65.76%

Jeyyam Global Foods IPO - Issue Objectives
1

Working Capital Requirements

2

Capital Expenditures

3

General Corporate Purposes

Jeyyam Global Foods IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Jeyyam Global Foods Limited4.26N/A22.6614.3218.812.77Consolidated
Sameera Agro And Infra Limited9N/A77.369.811.64N/AConsolidated

Notes:

  1. The P/E Ratio for the listed peer is taken from the website www.screener.in as on August 20, 2024.
  2. P/E ratio for Jeyyam Global Foods Limited is as per the restated financials for FY 2023-24.
  3. EPS is the consolidated Basic Earnings Per Share for the year ended March 31, 2024.
  4. P/E Ratio has been computed based on the Closing Market Price of shares as on date i.e. August 20, 2024.
  5. RoNW has been computed as consolidated Net profit after tax attributable to the owners of the company divided by consolidated Net worth at the end of the year ended March 31, 2024.
  6. NAV per equity share has been calculated as consolidated Net worth divided by Number of equity shares outstanding as on March 31, 2024.
Contact Details

Jeyyam Global Foods

No.37 (Old No.19), Padmavathiyar Road, Gopalapuram, Chennai � 600 086

044-4505 4101

info@jeyyamfoods.in

http://www.jeyyamfoods.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

jgfl.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus