22-Mar-2024
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Jay Kailash Namkeen offers a book-built issue, with a 100% fresh issue of 16.34 Lakh shares worth Rs 11.93 Cr. The price band is Rs 70 to Rs 73 per share, and the lot size for the application is 1600 shares. The investors can apply for the same from March 28, 2024 till April 3, 2024. The IPO is managed by Expert Global Consultants Private Limited, the book-running lead manager, whereas Skyline Financial Services Private Limited has been appointed as the registrar for the issue. The listing will be on the Bombay Stock Exchange (BSE) SME segment.
About Jay Kailash Namkeen Limited
Jay Kailash Namkeen was originally incorporated on June 30, 2021 as “Jay Kailash Namkeen (OPC) Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Further the name of the Company was changed from “Jay Kailash Namkeen (OPC) Private Limited” to “Jay Kailash Namkeen Private Limited” and fresh certificate of incorporation dated May 25, 2022 was issued by, Registrar of Companies, Ahmedabad pursuant to conversion of one-person company to private Company. Subsequently the Company was converted into Public Limited Company and name of Company was changed from “Jay Kailash Namkeen Private Limited” to “Jay Kailash Namkeen Limited” vide fresh certificate of incorporation dated June 24, 2022 issued by the Registrar of Companies, Ahmedabad. Jay Kailash Namkeen is engaged in the business of manufacturing of packaged Indian snacks. They have 186 SKUs of 56 products ranging from ₹5, ₹10, 200 Grams, 400 Grams, 500 Grams, 5 Kgs. and 20 Kgs. packs. The diversified product portfolio is therefore, relatively less susceptible to shifts in consumer preferences, market trends and risks of operating in a particular product segment.
Primary Objectives of Public Issue of Jay Kailash Namkeen IPO
Company plans to utilize the net proceeds of the issue to meet the following objectives i.e., To meet the working capital requirement and other General corporate purpose.
Financial Performance of Jay Kailash Namkeen Limited (In Rs Lakhs)
The Company reported its net revenue of 9.88 Cr and Profit after Tax of 0.89 Cr, which decreased by -5.31% and increased by 62.71%%, respectively, for the FY22-23.
| Period Ended | 31-Oct-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,118.30 | 671.19 | 613.46 | 373.57 |
| Revenue | 646.19 | 987.74 | 1,043.12 | 1,314.80 |
| Profit After Tax | 40.45 | 88.79 | 54.57 | 8.81 |
| Net Worth | 582.45 | 359.21 | 83.20 | 28.42 |
| Reserves and Surplus | 246.12 | 65.88 | 49.42 | |
| Total Borrowing | 354.67 | 238.44 | 65.76 | 111.58 |
Essential Details of Jay Kailash Namkeen IPO 2024
| IPO Date | March 28, 2024 to April 3, 2024 |
| Listing Date | April 8, 2024 |
| Face Value | Rs 10 per share |
| Price Band | Rs 70 to Rs 73 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,633,600 shares (aggregating up to Rs 11.93 Cr) |
| Fresh Issue | 1,633,600 shares (aggregating up to Rs 11.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 3,363,333 |
| Shareholding post issue | 4,996,933 |
| Market Maker Portion | 83,200 Shares |
| Rikhav Securities |
Tentative Timetable of Jay Kailash Namkeen IPO 2024
Jay Kailash Namkeen IPO will open for subscription on March 28, 2024, and close on April 3, 2024.
| IPO Open Date | March 28, 2024 |
| IPO Close Date | April 3, 2024 |
| Basis of Allotment | April 4, 2024 |
| Initiation of Refunds | April 5, 2024 |
| Credit of Shares to Demat | April 5, 2024 |
| Listing Date | April 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2024 |
Jay Kailash Namkeen IPO Lot Size
A minimum of 1600 shares, i.e. 1 lot and in multiples thereof, can be purchased by investors.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | Rs. 116,800 |
| Retail (Max) | 1 | 1600 | Rs. 116,800 |
| HNI (Min) | 2 | 3200 | Rs. 233,600 |
Reservation of Jay Kailash Namkeen IPO
| Investor Category | Shares Offered |
| Retail Shares Offered | 50.00% of the net Offer |
| NII (HNI) Shares Offered | 50.00% of the net Offer |
Key Performance Indicator of Jay Kailash Namkeen Limited
| KPI | Values |
| ROE | 24.72% |
| ROCE | 31.91% |
| Debt/Equity | 0.61 |
| RoNW | 24.72% |
| P/BV | 5.95 |
| PAT Margin (%) | 9.06 |
Promoter Holding of Jay Kailash Namkeen Limited IPO
| Shareholding Pre Issue | 71.82% |
| Shareholding Post Issue | 48.33% |
Promoter of the Jay Kailash Namkeen Limited
The promoters of the Company are Mr Neel Narendrabhai Pujara and Ms Tulsi Neel Pujara.
Lead Manager(s) of Jay Kailash Namkeen IPO 2024
The lead manager(s) of Jay Kailash Namkeen IPO 2024 is Expert Global Consultants Private Limited.
How to Apply for Jay Kailash Namkeen Limited IPO 2024
Wait for the public issue to open for subscription, then click here to apply for the Jay Kailash Namkeen Limited IPO with Bigul.
How to Check the Allotment Status of Jay Kailash Namkeen Limited IPO 2024
Skyline Financial Services Limited is the registrar for Jay Kailash Namkeen Limited IPO 2024. You can check your allotment status by clicking here.
FAQs
- When is the IPO scheduled to open and close?
Jay Kailash Namkeen IPO is scheduled to open on March 28, 2024. Investors can apply for the same until its closing date, April 3, 2024.
- What will be the price band for the IPO?
The Jay Kailash Namkeen Limited IPO price band is decided from Rs 70 to Rs 73 per share. An investor can bid from that given price range. For the maximum probability of getting allotted, an investor should bid the maximum price of the given band range.
- What are the main objectives of this IPO?
The Company intends to utilize the net proceeds of the issue to meet the following objectives, i.e., To meet the working capital requirement and other General corporate purpose.
- How has Jay Kailash Namkeen Limited performed financially?
The Company reported its net revenue of 9.88 Cr and Profit after Tax of 0.89 Cr, which decreased by -5.31% and increased by 62.71%%, respectively, for the year FY22-23.
- What are the key performance indicators of Jay Kailash Namkeen Limited?
Key performance indicators reported an ROE of 24.72%, a ROCE of 31.91%, a RoNW of 24.72%, and a PAT Margin of 9.06%.
- How can I apply for the Jay Kailash Namkeen IPO?
Once the Jay Kailash Namkeen Limited IPO opens for subscription, you can apply for it by clicking here with us on bigul.
- How can I check the allotment status of the IPO?
You can check your allotment status of the Jay Kailash Namkeen IPO by visiting here.
- Who are the promoters of Jay Kailash Namkeen Limited?
The promoters of Jay Kailash Namkeen Limited are Mr Neel Narendrabhai Pujara and Ms Tulsi Neel Pujara.
- Where will the IPO be listed?
The IPO will be listed on the BSE SME Segment (Bombay Stock Exchange).
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