Jay Kailash Namkeen Limited IPO Detail
Jay Kailash Namkeen Limited was established in 2021 and manufactures packaged Indian snacks.
The company's product portfolio includes 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 has 186 SKUs of 56 products in sizes of ₹5, ₹10, 200 grams, 400 grams, 500 grams, 5 kilograms and 20 kilograms.
Jay Kailash Namkeen's customers come from Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Uttar Pradesh.
The company's production facility is located in Rajkot, Gujarat, and has a production capacity of 10 tons per working day.
As of November 30, 2023, the company employed 14 permanent employees and 35 hourly paid on-call workers for production and shipping and 6 employees for marketing and sales.
Company Promoters
Mr. Neel Narendrabhai Pujara and Ms. Tulsi Neel Pujara.IPO Details
| IPO Opening Date | Mar 28, 2024 |
| IPO Closing Date | Apr 03, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 - 735 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹11.93 Cr |
| Fresh Issue | ₹11.93 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.89x | 0.00x | 0.00x | 1.65x | 1.87x | 1.53x |
| Day 2 | 1.03x | 0.00x | 0.00x | 3.10x | 5.14x | 3.50x |
| Day 3 | 1.50x | 0.00x | 0.00x | 6.68x | 13.72x | 8.65x |
| Day 4 | 2.32x | 0.00x | 0.00x | 68.93x | 50.99x | 40.02x |
IPO Tentative Timetable
The Jay Kailash Namkeen Limited IPO open date is Mar 28, 2024, and the close date is Apr 03, 2024. The issue may list on Apr 08, 2024.
| IPO Open Date | Mar 28, 2024 |
| IPO Close Date | Apr 03, 2024 |
| Basis of Allotment Date | Apr 04, 2024 |
| Initiation of Refunds | Apr 05, 2024 |
| Credit of Shares to Demat Account | Apr 05, 2024 |
| IPO Listing Date | Apr 08, 2024 |
IPO Lot Size
The Jay Kailash Namkeen Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹1176000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹1176000 |
| Maximum | 1 | 1600 | ₹1176000 |
IPO Promoter Holding
| Pre Issue Share Holding | 71.82% |
| Post Issue Share Holding | 48.33% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 373.57 | 1314.80 | 8.81 |
| 31-Mar-22 | 613.46 | 1043.12 | 54.57 |
| 31-Mar-23 | 671.19 | 987.74 | 88.79 |
| 30-Nov-23 | 1118.30 | 646.19 | 40.45 |
Objects of the Issue:
The company intends to utilize the net proceeds of the issue to meet the following objects:
- To meet the working capital requirement; and
- General corporate purpose.
Jay Kailash Namkeen Limited IPO Registrar:
Skyline Financial Services Private Ltd
Jay Kailash Namkeen Limited IPO Lead Manager(s):
Expert Global Consultants Private Limited
Company Contact Information:
Jay Kailash Namkeen Limited
Deeva House, Fourth Floor,
Diwanpara 11/12 corner, Rajkot City,
Rajkot - 360001
