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20 Nov 2024
Jeyyam Global Foods Limited IPO And Its GMP
Over more than 15 years in the food industry, Jeyyam Global Foods Limited has specialized in manufacturing and/or processing and supplying Bengal Gram (locally known as ‘Chana’), Fried Gram and Besan Flour to a wide variety of markets like Distributors, Large Retailers, Hotels, Restaurants, Caterers, Branded Supermarkets and Wholesalers.
The Company is continuously engaged in undertaking research and development and is ready to enter into the B2C business of spices and masala, ready-to-cook and ready-to-eat foods, salt, sugar, soya and vermicelli, among others. “Jeyyam” brand is known best for its quality. The brand has earned the trust and loyalty of its distributors, retailers and customers solely for its quality through complete transparency. They adhere to standard practices and strictly abide by statutory norms.
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IPO OVERVIEW
- Total Issue Size: Rs 81.94 crore
- ○ Fresh Issue: 120.89 lakh shares aggregating to Rs 73.74 crore
- ○ Offer for Sale: 13.43 lakh shares aggregating to Rs 8.19 crore
- ● IPO Dates: Opens on September 2, 2024 and closes on September 4, 2024
- ● Price Band: ₹59 to ₹61 per share
- ● Minimum Lot Size: 2,000 shares
- Book Running Lead Manager: ● Corpwis Advisors Private Limited
- Registrar: ● Kfin Technologies Limited
- Market Maker: ● NNM Securities
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Jeyyam Global Foods IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 06-09-2024 | 61 | 18.0 (30%) | 06-Sep-2024 12:15 |
| 05-09-2024 | 61 | 23.0 (38%) | 05-Sep-2024 13:15 |
| 04-09-2024 | 61 | 25.0 (41%) | 04-Sep-2024 11:20 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Jeyyam Global Foods IPO Overview
| Detail | Description |
|---|---|
| IPO Date | September 2, 2024 to September 4, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹59 to ₹61 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 13,432,000 shares (aggregating up to ₹81.94 Cr) |
| Fresh Issue | 12,088,800 shares (aggregating up to ₹73.74 Cr) |
| Offer for Sale | 1,343,200 shares of ₹5 (aggregating up to ₹8.19 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 35,407,956 |
| Share holding post issue | 47,496,756 |
| Market Maker portion | 672,000 shares Nnm Securities |
Jeyyam Global Foods IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, September 2, 2024 |
| IPO Close Date | Wednesday, September 4, 2024 |
| Basis of Allotment | Thursday, September 5, 2024 |
| Initiation of Refunds | Friday, September 6, 2024 |
| Credit of Shares to Demat | Friday, September 6, 2024 |
| Listing Date | Monday, September 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 4, 2024 |
Jeyyam Global Foods IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |
Jeyyam Global Foods IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Jeyyam Global Foods IPO Promoter Holding
| Share Holding Pre Issue | 92.00% |
| Share Holding Post Issue |
Jeyyam Global Foods IPO Anchor Investors Details
| Bid Date | August 30, 2024 |
| Shares Offered | 3,776,000 |
| Anchor Portion Size (In Cr.) | 23.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 4, 2024 |
Company & Financials
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 an FSSAI license for its two factory locations Jammalamadugu and Devattipatti and ensures that ISO 9001:2015 and ISO 22000:2018 standards are maintained at both factory locations and has obtained ISO certification for the Salem factory.
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Jeyyam's product portfolio includes:
- ● 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.
Jeyyam Global Foods Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 19,226.39 | 16,835.02 | 9,941.17 | |||||||||||||||||||||||||||||||||||||
| Revenue | 62,983.42 | 38,220.62 | 25,388.3 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,509.11 | 786.8 | 436.8 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 8,022.42 | 6,513.6 | 5,726.51 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 6,252.02 | 6,452.26 | 5,665.46 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 9,620.5 | 9,226.05 | 3,319.3 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.81% |
| ROCE | 26.27% |
| Debt/Equity | 1.2 |
| RoNW | 18.81% |
| P/BV | 2.69 |
| PAT Margin (%) | 2.4 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.26 | 3.18 |
| P/E (x) | 14.31 | 19.2 |
Objectives of Jeyyam Global Foods IPO
The company proposes to utilize the funds towards the funding of the following objectives:
- 1. Working Capital Requirements
- 2. Capital Expenditures
- 3. General Corporate Purposes
Jeyyam Global Foods IPO Review
The company is primarily in the business of manufacturing/processing “Chana” and has major revenues coming from these activities. It marked super growth for FY24 which raises eyebrows. Based on this performance, the issue appears fully priced, discounting all near-term positives. Well-informed investors may park funds for the long term.
FAQs for Jeyyam Global Foods IPO
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What is Jeyyam Global Foods IPO?
Jeyyam Global Foods IPO is a SME IPO. The company is going to raise ₹81.94 Crores via IPO. The issue is priced at ₹59 to ₹61 per equity share. The IPO is to be listed on NSE.
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When will Jeyyam Global Foods IPO for subscription?
The IPO is to open on September 2, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 4, 2024.
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What is Jeyyam Global Foods IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is the Jeyyam Global Foods Issue Size?
Jeyyam Global Foods' issue size is ₹81.94 crores.
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What is Jeyyam Global Foods IPO Price Band?
Jeyyam Global Foods IPO Price Band is ₹59 to ₹61.
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What is Jeyyam Global Foods IPO Lot Size?
The minimum bid is 2000 Shares with ₹122,000 amount.
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What is the Jeyyam Global Foods IPO Allotment Date?
Jeyyam Global Foods IPO allotment date is September 5, 2024.
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What is the Jeyyam Global Foods IPO Listing Date?
Jeyyam Global Foods IPO listing date is September 9, 2024. The IPO is to be listed on the NSE.
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What is the current GMP of Jeyyam Global Foods?
The current GMP of Jeyyam Global Foods is 18.0 (30%).
RHP:
RHP of Jeyyam Global Foods Limited IPO.
DRHP:
DRHP of Jeyyam Global Foods Limited IPO.
Anchor Investor Link:
Anchor Investor Link of Jeyyam Global Foods Limited IPO.
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What is Jeyyam Global Foods IPO?
Jeyyam Global Foods IPO is a SME IPO. The company is going to raise ₹81.94 Crores via IPO. The issue is priced at ₹59 to ₹61 per equity share. The IPO is to be listed on NSE.
-
When will Jeyyam Global Foods IPO for subscription?
The IPO is to open on September 2, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 4, 2024.
-
What is Jeyyam Global Foods IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the Jeyyam Global Foods Issue Size?
Jeyyam Global Foods' issue size is ₹81.94 crores.
-
What is Jeyyam Global Foods IPO Price Band?
Jeyyam Global Foods IPO Price Band is ₹59 to ₹61.
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What is Jeyyam Global Foods IPO Lot Size?
The minimum bid is 2000 Shares with ₹122,000 amount.
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What is the Jeyyam Global Foods IPO Allotment Date?
Jeyyam Global Foods IPO allotment date is September 5, 2024.
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What is the Jeyyam Global Foods IPO Listing Date?
Jeyyam Global Foods IPO listing date is September 9, 2024. The IPO is to be listed on the NSE.
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What is the current GMP of Jeyyam Global Foods?
The current GMP of Jeyyam Global Foods is 18.0 (30%).
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