Jay Kailash Namkeen Limited IPO

Price
₹70 - ₹73
Lot
1600
Subs.
40.02
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 28-Mar-2024
Close Date: 03-Apr-2024
Allotment Date: 04-Apr-2024
Listing Date: 08-Apr-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹70-73 Per Equity Share
Issue Size: Total Issue Size 1,633,600 shares (aggregating up to ₹11.93 Cr) : Fresh Issue 1,633,600 shares (aggregating up to ₹11.93 Cr)
Market Lot (Min Amount): Retail - ₹116,800 : HNI - ₹233,600
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved464,000310,400776,0001,550,400
Day 1 - 28-03-24 
05:00 PM
0.89x1.65x1.87x1.53x
Day 2 - 01-04-24 
05:00 PM
1.03x3.10x5.14x3.50x
Day 3 - 02-04-24 
05:00 PM
1.50x6.68x13.72x8.65x
Day 4 - 03-04-24 
05:00 PM
2.32x68.93x50.99x40.02x
Total No. of Application:32,073 (Approx.)
Retail Subscription on the basis of Apps:66.13x
Valuations

Earning Per Share(EPS)2.64/-
P/E Ratio27.65
RoNW24.72%
Net Asset Value (NAV) - Post Issue:12.25/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
30 Nov,20231,118.30646.1940.45
31 Mar,2023671.19987.7488.79
31 Mar,2022613.461,043.1254.57
31 Mar,2021373.571,314.808.81
Promoter(s)

Pre Issue Share Holding71.82%
Post Issue Share Holding48.33%
Company Promoter(s)
1. Mr. Neel Narendrabhai Pujara
2. Ms. Tulsi Neel Pujara
Issue Objective(s)

The company intends to utilize the net proceeds of the issue to meet the following objects:

  1. To meet the working capital requirement; and
  2. General corporate purpose.
About Company

Jay Kailash Namkeen Limited was established in 2021 and manufactures packaged Indian snacks.

The company's product portfolio includes Chana Jor Namkeen, Masala Chana Jor, Pudina Chana, Masala Mung Jor, Plain Mung Jor, Soya Sticks, Haldi Chanas, Chana dal, Sev Murmura & Garlic Sev Murmura, Bhavnagari Gathiya, Chana Dal, Sing Bhujia, Popcorn, Roasted Peanuts, etc.

The company has 186 SKUs of 56 products in sizes of ₹5, ₹10, 200 grams, 400 grams, 500 grams, 5 kilograms and 20 kilograms.

Jay Kailash Namkeen's customers come from Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Uttar Pradesh.

The company's production facility is located in Rajkot, Gujarat, and has a production capacity of 10 tons per working day.

As of November 30, 2023, the company employed 14 permanent employees and 35 hourly paid on-call workers for production and shipping and 6 employees for marketing and sales.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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