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 name | Jay Kailash Namkeen Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Consumer Food |
| Company Website | https://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 date | 28 March 2024 |
| IPO Closing | 03 April 2024 |
| Basis of Allotment | 04 April 2024 |
| Initiation Refund | 05 April 2024 |
| Credit to Demat Account | 05 April 2024 |
| Listing Date | 08 April 2024 |
Jay Kailash Namkeen IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹11.93 Cr – 1,633,600 shares |
| Fresh Issue | ₹11.93 Cr – 1,633,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹70 to ₹73 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 83,200 shares |
| Shareholding pre-issue | 3,363,333 |
| Shareholding post-issue | 4,996,933 |
| Listing Exchange | BSE SME |
Jay Kailash Namkeen IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹116,800 |
| Retail (Max) | 1 | 1600 | ₹116,800 |
| HNI (Min) | 2 | 3,200 | ₹233,600 |
Jay Kailash Namkeen IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Jay Kailash Namkeen Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 8M FY 2024 | |
| Revenue | 13.15 | 10.43 | 9.80 | 6.40 |
| Expenses | 13.06 | 9.63 | 8.71 | 5.93 |
| Net income | 0.08 | 0.55 | 0.89 | 0.40 |
Jay Kailash Namkeen Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.10 | 1.89 | 3.03 |
| PE ratio | – | – | 23.10 – 24.09 |
| RONW (%) | 33.15 | 108.25 | 24.72 |
| NAV | 10.00 | 12.27 | 17.62 |
| ROCE (%) | 8.13 | 139.51 | 31.91 |
| EBITDA (%) | 1.46 | 8.62 | 20.08 |
| Debt/Equity | 3.93 | 0.28 | 0.61 |
Company Promoters
- Mr. Neel Narendrabhai Pujara
- Ms. Tulsi Neel Pujara.
Promoter Holding
| Pre Issue Share Holding | 71.82% |
| Post Issue Share Holding | 48.33% |
Jay Kailash Namkeen IPO Lead Manager(s)
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
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
SKYLINE FINANCIAL SERVICES PVT. LTD
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
JAY KAILASH NAMKEEN LIMITED
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
