Jay Kailash Namkeen IPO

Jay Kailash Namkeen IPO will open for subscription on 28 March 2024. The company aims for an issue size of ₹11.93 Cr through this IPO.

Company Overview

Full nameJay Kailash Namkeen Limited
SectorFast Moving Consumer Goods
IndustryConsumer Food
Company Websitehttps://www.jaykailashnamkeen.com/

About Company

Incorporated in 2021, Jay Kailash Namkeen specializes in the manufacturing of packaged Indian snacks. Their product range includes a variety of Indian snacks such as 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, and Roasted Peanuts, among others. The company has 186 SKUs of its 56 products ranging from INR 5, INR 10, 200 grams, 400 grams, 500 grams, 5 kilograms, and 20 kilograms.

Jay Kailash Namkeen’s production facility is situated in Rajkot, Gujarat, with a production capacity of 10 tons per working day. The company manufactures products and supplies them to the states of Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana, and Uttar Pradesh. It has been certified by the Food Safety and Standards Authority of India (FSSAI) for the quality management systems related to its products. As of 30 November 2023, the company employed 14 permanent employees, along with 35 hourly paid on-call workers for production and shipping, and 6 employees for marketing and sales.

The Objectives of the Issue

  • To meet the working capital requirement; and
  • General corporate purpose.

Jay Kailash Namkeen IPO Timetable

IPO Opening date28 March 2024
IPO Closing03 April 2024
Basis of Allotment04 April 2024
Initiation Refund05 April 2024
Credit to Demat Account05 April 2024
Listing Date08 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 3, 2024)

Jay Kailash Namkeen IPO details

Issue typeBook Built Issue IPO
IPO issue size₹11.93 Cr – 1,633,600 shares
Fresh Issue₹11.93 Cr – 1,633,600 shares
Offer for saleNil
Face value₹10 per share
Price Band₹70 to ₹73 per share
Lot size1600 Shares
Market Maker portion83,200 shares
Shareholding pre-issue3,363,333
Shareholding post-issue4,996,933
Listing ExchangeBSE SME

Jay Kailash Namkeen IPO Lot Size

Retail (Min)11600₹116,800
Retail (Max)11600₹116,800
HNI (Min)23,200₹233,600

Jay Kailash Namkeen IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Jay Kailash Namkeen Financial Performance

 FY 2021FY 2022FY 20238M FY 2024
Net income0.080.550.890.40
(Amount in ₹ Crores)

Jay Kailash Namkeen Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio23.10 – 24.09
RONW (%)33.15108.2524.72
ROCE (%)8.13139.5131.91
EBITDA (%)1.468.6220.08

Company Promoters

  • Mr. Neel Narendrabhai Pujara
  • Ms. Tulsi Neel Pujara.

Promoter Holding

Pre Issue Share Holding71.82%
Post Issue Share Holding48.33%

Jay Kailash Namkeen IPO Lead Manager(s)

1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone: +91 011 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in

Jay Kailash Namkeen Registrar

D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com

Jay Kailash Namkeen Contact Details

Deeva House, Fourth Floor, Diwanpara 11/12 corner,
Rajkot City, Rajkot, Gujarat-360001, India
Phone: 0281-2993110
E-mail: cs@jaykailashnamkeen.com
Website: www.jaykailashnamkeen.com

Jay Kailash Namkeen IPO Allotment Status

Jay Kailash Namkeen IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.

Final thoughts

Jay Kailash Namkeen IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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