Jeyyam Global Foods Limited IPO And Its GMP IPO Details
| 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 | 2,000 Shares |
| Total Issue Size | 1,34,32,000 shares (aggregating up to ₹ 81.94 Cr) |
| Fresh Issue | 1,20,88,800 shares (aggregating up to ₹ 73.74 Cr) |
| Offer for Sale | 13,43,200 shares of ₹5 (aggregating up to ₹ 8.19 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 3,54,07,956 |
| Share holding post issue | 4,74,96,756 |
| Market Maker portion | 6,72,000 shares Nnm Securities |
About 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.
- Book Running Lead Manager: ● Corpwis Advisors Private Limited
- Registrar: ● Kfin Technologies Limited
- Market Maker: ● NNM Securities
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.
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.
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.
Jeyyam Global Foods Limited IPO And Its GMP Financial Information
Latest Revenue
62,983.42
₹ Crore
Profit After Tax
1,509.11
₹ Crore
Net Worth
8,022.42
₹ Crore
Total Borrowing
9,620.5
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 19,226.39 | 62,983.42 | 1,509.11 | 8,022.42 | 9,620.5 | ||||
| 31 Mar 2023 | 16,835.02 | 38,220.62 | 786.8 | 6,513.6 | 9,226.05 | ||||
| 31 Mar 2022 | 9,941.17 | 25,388.3 | 436.8 | 5,726.51 | 3,319.3 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹61 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹18, and a lot size of 2000 shares.
Jeyyam Global Foods Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-06 | ₹61 | ₹18.0 (30%) | 2024-09-06 |
Jeyyam Global Foods Limited IPO And Its GMP 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 |
Frequently Asked Questions
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Competitive Strengths
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Jeyyam Global Foods Limited IPO And Its GMP IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |