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Jeyyam Global Foods IPO

  • Status: Closed
  • RHP:
  • ₹ 118,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    09 Sep 2024

  • Listing Price

    ₹ 61.00

  • Listing Change

    0.00%

  • Last Traded Price

    ₹ 46.25

IPO Details

  • Open Date

    02 Sep 2024

  • Close Date

    04 Sep 2024

  • IPO Price Range

    ₹ 59 to ₹ 61

  • IPO Size

    ₹ 81.94 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    07 Sep 2024

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IPO Timeline

Jeyyam Global Foods IPO Subscription Status

Last Updated: 04 September 2024 6:16 PM by 5Paisa

Last Updated: 4th September 2024, 6:20 PM by 5paisa

Jeyyam Global Foods IPO is set to open on 02 September 2024 and will close on 04 September 2024. The company specialises in the production and processing of Bengali chickpeas, fried gram, and besan flour.

The IPO includes a fresh issue of 1,20,88,800 shares aggregating up to ₹73.74 Cr and it also includes an offer for sale of 13,43,200 shares aggregating up to ₹8.19 Cr. The price band is ₹59 to ₹61 per share and the lot size is 2000 shares. 

The allotment is scheduled to be finalised on 05 September 2024. It will go public on NSE SME, with a tentative listing date of 09 September 2024.

Corpwis Advisors Pvt Ltd is the book-running lead manager, while Kfin Technologies Ltd is the registrar. 

Jeyyam Foods IPO Size

Types Size (₹Cr)
Total IPO Size 81.94
Offer for Sale 8.19
Fresh Issue 73.74

 

Jeyyam Foods IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 1,22,000
Retail (Max) 1 2000 1,22,000
HNI (Min) 2 4000 2,44,000

 

Jeyyam Foods IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 54.62 26,04,000 14,22,30,000 867.60
NII (HNI) 321.82 19,14,000 61,59,58,000 3,757.34
Retail 70.43 44,66,000 31,45,56,000 1,918.79
Total 119.41 89,84,000 1,07,27,44,000 6,543.74

 

Jeyyam Foods IPO Anchor Allocation

Anchor Bid Date 30 August, 2024
Shares Offered 3,776,000
Anchor Portion Size (In Cr.) 23.03
Anchor lock-in period end date for 50% shares (30 Days) 5 October, 2024
Anchor lock-in period end date for remaining shares (90 Days) 4 December, 2024

 

1. Working Capital Requirements.
2. Capital Expenditures.
3. General Corporate Purposes.

Established in 2008, Jeyyam Global Foods Limited, formerly known as Kichoni Online Services Private Limited, specialises in the production and processing of Bengali chickpeas, fried gram, and besan flour. The company supplies its products to a wide range of markets, including distributors, large retailers, hotels, restaurants, caterers, branded supermarkets, and wholesalers.

The company operates with FSSAI licence for its two factory locations in Ammalamudugu and Deevattipatti. Both factories adhere to ISO 9001:2015 and ISO 22000:2018 standards, ensuring quality and safety compliance. Additionally, the company’s factory in Salem holds ISO certification.

Jeyyam’s product portfolio includes a variety of offerings such as Jeyyam fried gram (split and whole), Standard fried gram (split and whole), Jeyyam gram flour, Leader gram flour, and Ponni gram flour.

As of March 31, 2024, Jeyyam Global Foods Limited employed 155 permanent staff members across its operations.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 629.83 382.21 253.88
EBITDA 32.92 17.01 11.52
PAT 15.09 7.87 4.37
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 192.26 168.35 99.41
Share Capital 17.70 0.61 0.61
Total Borrowings 96.21 92.26 33.19
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -10.79 -31.06 8.23
Net Cash Generated From / (used in) investing activities 8.81 -17.50 -5.68
Net Cash Generated From / (used in) financing activities -4.30 54.99 -2.59
Net Increase (Decrease) In Cash And Cash Equivalents -6.28 6.43 -0.04

Strengths

1. With operations since 2008, Jeyyam Global Foods has built a strong reputation and reliable distribution channels.
2. The company offers a broad range of products, including different types of fried gram and gram flour, catering to varied customer needs and preferences.
3. The company holds FSSAI licences and maintains high-quality standards through ISO 9001:2015 and ISO 22000:2018 certifications.
4. The company’s factories are spread across different locations, providing logistical advantages and ensuring a steady supply chain.

Risks

1. The company’s operations are primarily based in select regions, which may limit its reach and expose it to regional economic fluctuations or competition.
2. As a producer of agricultural products, the company is vulnerable to price volatility in raw materials, which could impact profitability.
3. The food processing industry is highly competitive, with numerous players offering similar products. 
4. Compliance with food safety and quality regulations requires ongoing attention and investment.
5. The company’s focus on a few specific products such as fried gram and gram flour may limit its ability to diversify.
 

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FAQs

Jeyyam Global Foods IPO opens from 02nd September to 04th September 2024.

The size of the Jeyyam Global Foods IPO is ₹81.94 Cr.

The price bnd of Jeyyam Global Foods IPO is fixed at ₹59 to ₹61 per share. 

To apply for Jeyyam Global Foods IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Jeyyam Global Foods IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Jeyyam Global Foods IPO is 2,000 shares and the investment required is ₹1,22,000.
 

The share allotment date of Jeyyam Global Foods IPO is 05th September 2024

The Jeyyam Global Foods IPO will be listed on 09th September 2024.

Corpwis Advisors Pvt Ltd is the book-running lead manager for Jeyyam Global Foods IPO.
 

Jeyyam Global Foods plans to utilise the raised capital from the IPO for:

1. Working Capital Requirements.
2. Capital Expenditures.
3. General Corporate Purposes.