Jeyyam Global Foods IPO: Key Highlights of Upcoming IPO

• Jeyyam Global Foods IPO is a book-built issue worth up to Rs 81.94 crores.
• Bidding opens on September 2 and closes on September 4, 2024.
• Jeyyam Global Foods SME IPO price band set at Rs 59 – Rs 61 per share.
• The minimum amount required for retail investors is Rs 1,22,000.

Jeyyam Global Foods IPO: Synopsis

Jeyyam Global Foods is open for subscription from Monday, September 2, 2024, and closes on Wednesday, September 4, 2024. The price band for this IPO is set at Rs 59 – Rs 61 per share.

Jeyyam Global Foods’ IPO is offering a fresh issue of 1.20 crore of equity shares worth up to Rs 73.74 crore and an offer for sale of 13.43 lakh of equity share worth up to Rs 8.19 crore, this sums up the total issue size of 1.34 crore of equity shares worth up to Rs 81.94 crore.

The allotment for this new IPO is expected to be finalised on Thursday, September 5, 2024. The listing of this IPO will be done on Monday, September 9, 2024, at NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 122,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 244,000.

The IPO is managed by Corpwis Advisors Private Limited, which is the book-running lead manager of this public issue. The company has appointed Kfin Technologies Limited as the registrar for the issue.

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Jeyyam Global Foods Limited: About the Company

Jeyyam Global Foods Limited, established in 2008 formerly known as Kichoni Online Services Private Limited, specialises in producing and processing Bengali chickpeas, Fried Gram, and Besan Flour. The company supplies its products to a wide range of markets, including distributors, large retailers, and caterers.

Jeyyam operates two FSSAI-licensed factory locations in Ammalamudugu and Devattipatti, maintaining ISO 9001:2015 and ISO 22000:2018 standards. Their product portfolio includes Jeyyam Fried Gram, gram flour, and various other branded gram flour products. As of March 31, 2024, the company employed 155 permanent staff.

Jeyyam Global Foods IPO: Objectives

The company intends to utilise the funding received from the fresh issue for various purposes, including funding for working capital requirements by the company, capital expenditure and general corporate purposes.

Jeyyam Global Foods IPO: Other Important Details

Time Table of Jeyyam Global Foods IPO

Jeyyam Global Foods IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Jeyyam Global Foods Limited and Their Holdings

The company's promoters are 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. They collectively held 92% of the company's shares. However, post-IPO, the change in his shareholding has not yet been disclosed.

FAQs

1. What are the core details available for the Jeyyam Global Foods IPO?

Jeyyam Global Foods IPO is a Book-built public issue of 1.34 crore equity shares. This upcoming IPO is offering a fresh issue of 1.20 crore equity shares and an offer for sale of up to Rs 13.43 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, September 5, 2024.

2. How can I apply for the Jeyyam Global Foods IPO?

The public subscription of this new IPO opens on September 2 and closes on September 4, 2024. Click here to initiate the application process.

3. Who is the lead manager(s) for the Jeyyam Global Foods IPO?

Corpwis Advisors Private Limited was appointed as the book-running lead manager for the IPO.

4. Who is appointed as the registrar for this IPO?

Kfin Technologies Limited has been appointed as the registrar for this public issue.

5. How will the net proceeds from the IPO be utilised?

The company intends to utilise the funding received from the fresh issue for various purposes, including working capital requirements by the company, capital expenditure and general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the Jeyyam Global Foods IPO by visiting here, for further updates, follow Bigul.

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