Jeyyam Global Foods Limited
Bookbuilding IPO · NSE
- Price band
- ₹59 - ₹61
- Lot size
- 2,000 shares
- Issue amount
- ₹81.94 cr
- Total subscription
- 119.52×
- Opens
- 2 Sept 2024
- Closes
- 4 Sept 2024
- Allotment
- 5 Sept 2024
- Listing
- 9 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 1,34,32,000 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹1,18,000
- Fresh issue
- ₹69.64 cr
- Offer for sale
- ₹8.19 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,22,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,54,07,956
- Shares after issue
- 4,74,96,756
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,22,000 |
| HNI | 2 | 4,000 | ₹2,44,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 15.88 | 867.6 |
| RETAIL | 27.24 | 1,920.94 |
| NIB | 11.68 | 3,761.5 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.26 | 2.22 | 1.42 |
| ROE | 18.81 | 12.08 | 7.63 |
| ROCE | 26.27 | 15.22 | 13.36 |
| RONW | 18.81 | 7.63 | 11.14 |
| PRE IPO(PE) | 14.31 | 0 | 0 |
| POST IPO(PE) | 19.2 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2008 and formerly known as Kichoni Online Services Private Limited, Jeyyam Global Foods Limited specializes in producing and processing Bengali chickpeas (chana), fried gram, and besan flour, catering to a wide customer base that includes distributors, large retailers, hotels, restaurants, caterers, branded supermarkets, and wholesalers. The company maintains strong quality standards, with its Ammalamudugu and Devattipatti factories holding FSSAI licenses and both units certified under ISO 9001:2015 and ISO 22000:2018, while its Salem facility also holds ISO certification. Jeyyam Global Foods offers a diverse product range, including 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, the company employs 155 permanent staff, reinforcing its position as a key player in the Indian food processing industry.
Strengths
- Experienced Team, Smooth Operations: Jeyyam Global Foods has an experienced management team and skilled staff that handle procurement and supply chain efficiently, ensuring smooth production and delivery.
- Wide B2B Customer Network: The company serves various B2B clients like supermarkets, wholesalers, retailers, restaurants, hotels, caterers, institutions, and importers — showing its strong market reach.
- Modern Manufacturing Technology: Jeyyam Global Foods uses advanced technologies to improve product quality and boost operational efficiency.
Risk factors
- High Dependency on Core Products: The Company relies heavily on chana and related products, with these items constituting 72% - 98% of revenue over recent fiscal years. Any disruption in demand or quality issues could negatively affect the business.
- Regional Concentration: Jeyyam Global Foods' sales are concentrated in Tamil Nadu and Karnataka. Adverse developments in these regions could significantly impact the company's financial performance and operations.
- Customer Concentration: The Company depends on a few major customers for a significant portion of its revenue. Loss of any key customer could adversely affect financial results and overall business stability.
Promoters
Mr. Shripal Veeramchand Sanghvi
Mr. Amit Agarwal
Mrs. Sujathaa Mehta
Shanti Guru Industries Limited
Mrs. Sarika Ssangavi
M/s. Shripal Sanghvi HUF
M/s. Mahipal Sanghvi HUF
Registrar & documents
Lead manager
Corpwis Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No.37 (Old No.19), Padmavathiyar Road, Gopalapuram, Chennai � 600 086
044-4505 4101
[email protected]Company website ↗Understanding JEYYAM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.