Jay Kailash Namkeen IPO is a book built issue of Rs 11.93 crores. The issue is entirely a fresh issue of 16.34 lakh shares.
Jay Kailash Namkeen IPO opens for subscription on March 28, 2024 and closes on April 3, 2024. The allotment for the Jay Kailash Namkeen IPO is expected to be finalized on Thursday, April 4, 2024. Jay Kailash Namkeen IPO will list on BSE SME with tentative listing date fixed as Monday, April 8, 2024.
Jay Kailash Namkeen IPO price band is set at ₹70 to ₹73 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹116,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹233,600.
Expert Global Consultants Private Limited is the book running lead manager of the Jay Kailash Namkeen IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Jay Kailash Namkeen IPO is Rikhav Securities.
Refer to Jay Kailash Namkeen IPO RHP for detailed information.
Jay Kailash Namkeen IPO Details
| IPO Date | March 28, 2024 to April 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹73 per share |
| Lot Size | 1600 Shares |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,363,333 |
| Share holding post issue | 4,996,933 |
| Market Maker portion | 83,200 shares Rikhav Securities |
Jay Kailash Namkeen IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 30.00% of the Net Issue |
| Retail Shares Offered | Not less than 50.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 20.00% of the Net Issue |
Jay Kailash Namkeen IPO Timeline (Tentative Schedule)
Jay Kailash Namkeen IPO opens on March 28, 2024, and closes on April 3, 2024.
| IPO Open Date | Thursday, March 28, 2024 |
| IPO Close Date | Wednesday, April 3, 2024 |
| Basis of Allotment | Thursday, April 4, 2024 |
| Initiation of Refunds | Friday, April 5, 2024 |
| Credit of Shares to Demat | Friday, April 5, 2024 |
| Listing Date | Monday, April 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 3, 2024 |
Jay Kailash Namkeen IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹116,800 |
| Retail (Max) | 1 | 1600 | ₹116,800 |
| HNI (Min) | 2 | 3,200 | ₹233,600 |
| Lot Size Calculator | |||
Jay Kailash Namkeen IPO Promoter Holding
The company’s Promoters are Mr. Neel Narendrabhai Pujara and Ms. Tulsi Neel Pujara.
| Share Holding Pre Issue | 71.82% |
| Share Holding Post Issue | 48.33% |
About Jay Kailash Namkeen Limited
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.
Jay Kailash Namkeen Limited Financial Information (Restated)
Jay Kailash Namkeen Limited’s revenue decreased by -5.31% and profit after tax (PAT) rose by 62.71% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,118.30 | 671.19 | 613.46 | 373.57 |
| Revenue | 646.19 | 987.74 | 1,043.12 | 1,314.80 |
| Profit After Tax | 40.45 | 88.79 | 54.57 | 8.81 |
| Net Worth | 582.45 | 359.21 | 83.20 | 28.42 |
| Reserves and Surplus | 246.12 | 65.88 | 49.42 | |
| Total Borrowing | 354.67 | 238.44 | 65.76 | 111.58 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Jay Kailash Namkeen IPO is Rs 36.48 Cr.
KPI as of March 31, 2023.
| KPI | Values |
|---|---|
| ROE | 24.72% |
| ROCE | 31.91% |
| Debt/Equity | 0.61 |
| RoNW | 24.72% |
| P/BV | 5.95 |
| PAT Margin (%) | 9.06 |
Check Jay Kailash Namkeen IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.64 | 1.21 |
| P/E (x) | 27.65 | 60.12 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2023 that is available in RHP.
Objects of the Issue (Jay Kailash Namkeen IPO Objectives)
The company intends to utilize the net proceeds of the issue to meet the following objects:
- To meet the working capital requirement; and
- General corporate purpose.
Note:
1. The amount of Total income and PAT for FY 2022 is calculated by adding values from July 1, 2021, to March 31, 2022, and From April 1, 2021, to June 30, 2021 (i.e. 725.97+317.15 = Rs. 1043.12 lacs) as given in the income statement. Similarly, for total assets, Total assets are taken Rs. 613.46 Lakhs for FY 2022 (i.e. 223.25+ 390.21).
2. November 30, 2023 financial data – From April 1, 2023, to November 30, 2023.
Jay Kailash Namkeen Limited Contact Details
Jay Kailash Namkeen Limited
Deeva House, Fourth Floor,
Diwanpara 11/12 corner, Rajkot City,
Rajkot – 360001
Phone: 0281-2993110
Email: cs@jaykailashnamkeen.com
Website: http://www.jaykailashnamkeen.com/
Jay Kailash Namkeen IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php