Jeyyam Global Foods IPO Subscription Status

Jeyyam Global Foods IPO - Day 3 Subscription at 12.47 Times

Jeyyam Global Foods' initial public offering (IPO) has attracted significant investor interest, with subscription rates climbing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 12.47 times oversubscription by the close of day three. This strong response underscores the robust market appetite for Jeyyam Global Foods' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 2nd September 2024, has seen increasing investor participation across categories. The retail segment, in particular, has shown exceptional demand, reflecting growing confidence among individual investors in the company's prospects. The Non-Institutional Investors (NII) category has also demonstrated solid interest, while the Qualified Institutional Buyers (QIB) segment shows moderate participation.

This enthusiastic response to Jeyyam Global Foods' IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the food processing sector. The company's focus on Bengali chickpeas and related products resonates well with investors looking for exposure to India's growing food industry.

Jeyyam Global Foods IPO subscribed 12.47 times. The public issue subscribed 18.83 times in retail, 0.63 times in QIB, and 13.72 times in NII by 4th September 2024 at 11:45:59 AM.

Subscription Status of Jeyyam Global Foods IPO for Days 1, 2, and 3:

On day 1, Jeyyam Global Foods IPO was subscribed 1.62 times. By the end of day 2, the subscription status had risen to 4.37 times; on day 3, it reached 12.47 times.

Here are the subscription details for Jeyyam Global Foods IPO as of Day 3 (4th September 2024 at 11:45:59 AM):

Total Applications: 42,043

Note:

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range. 
** The portion of anchor investors (or market makers) is not included in the total number of shares offered. 
*** The Market Maker portion is not included in NII/HNI.

Jeyyam Global Foods IPO - Day 2 Subscription at 4.37 Times

Key Highlights:

• On Day 2, Jeyyam Global Foods' IPO was subscribed 4.37 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed increased interest with a subscription ratio of 7.26 times, nearly tripling their subscription from the previous day.
• The Non-Institutional Investors (NII) category subscription improved to 2.70 times, showing growing interest from this segment.
• Qualified Institutional Buyers (QIB) maintained their subscription at 0.63 times.
• The overall subscription trend indicated building momentum, with both retail and NII categories showing increased participation.

Jeyyam Global Foods IPO - Day 1 Subscription at 1.62 Times

Key Highlights:

• The IPO of Jeyyam Global Foods was subscribed 1.62 times on Day 1, with strong initial demand from Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 2.47 times, indicating positive sentiment among individual investors.
• Non-Institutional Investors (NII) showed initial interest with a subscription ratio of 0.97 times.
• Qualified Institutional Buyers (QIB) showed initial interest with a subscription ratio of 0.63 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Jeyyam Global Foods IPO:

Jeyyam Global Foods Limited, established in 2008, produces and/or processes Bengali chickpeas (locally known as 'chana'), Fried Gram, and besan flour and supplies these to various 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, Ammalamudugu and Devattipatti. It ensures that ISO 9001:2015 and ISO 22000:2018 standards are maintained at both locations and has obtained ISO certification for the Salem factory.

Highlights of the Jeyyam Global Foods IPO:

• IPO Date: 2nd September 2024 to 4th September 2024
• Listing Date: 9th September 2024 (Tentative)
• 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 (aggregating up to ₹8.19 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Corpwis Advisors Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Nnm Securities