IPO Details

Bidding Dates

02 Sep '24 - 04 Sep '24

Minimum Investment

₹122,000 / 1 Lot (2,000 Shares)

Price Range

₹59 - ₹61

Maximum Investment

₹122,000 / 1 Lot (2,000 Shares)

Retail Discount

To be announced

Issue Size

₹81.94 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible employees  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Sep 2, 2024

Closing Date

Sep 4, 2024

Basis of Allotment

Sep 5, 2024

Initiation of Refunds

Sep 6, 2024

Listing Date

Sep 9, 2024

Cut-off time for UPI mandate confirmation

Sep 4, 2024

About Jeyyam Global Foods Limited IPO

Established in 2008, Jeyyam Global Foods Limited, formerly known as Kichoni Online Services Private Limited, is a prominent player in the food industry, specialising in the production and processing of Bengali chickpeas (locally known as 'Chana'), Fried Gram, and Besan Flour. The company supplies its high-quality products to a diverse market that includes distributors, large retailers, hotels, restaurants, caterers, branded supermarkets, and wholesalers.

Jeyyam Global Foods operates two factory locations in Ammalamudugu and Devattipatti, both of which are FSSAI-licensed. The company ensures that these facilities adhere to ISO 9001:2015 and ISO 22000:2018 standards, with the Salem factory also holding ISO certification. As of March 31, 2024, Jeyyam employed 155 permanent staff members.

The company's product portfolio includes various types of fried gram and gram flour under the "Jeyyam" and "Leader" brands. Known for its unwavering commitment to quality, the Jeyyam brand has earned the trust and loyalty of its distributors, retailers, and customers through complete transparency and strict adherence to statutory norms.

With over 15 years of experience in the food industry, Jeyyam Global Foods is expanding its product range to enter the B2C market with offerings such as spices, ready-to-cook and ready-to-eat foods, salt, sugar, soya, and vermicelli.

Industry Outlook:

  1. India's food processing sector exported products worth $25.6 billion in FY22, with exports of processed fruits and vegetables growing by 59.1%.
  2. The Indian food and grocery retail market, valued at $11.3 trillion in 2021, is among the largest globally, highlighting India's significant role in food production.

Jeyyam Global Foods Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Working Capital Requirements
  2. Capital Expenditures
  3. General Corporate Purposes

Peer Details

The only listed company Jeyyam Global Foods considers as its peers is Sameera Agro And Infra Limited.

How to Check the Allotment Status of the Jeyyam Global Foods Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Jeyyam Global Foods Limited IPO

  • Registered office: No.37 (Old No.19), Padmavathiyar Road, Gopalapuram, Chennai – 600 086
  • Phone: 044-4505 4101, 044-2835 1835, +91-90034 02000
  • E-mail: info@jeyyamfoods.in

IPO Financials

Particulars As of November 30, 2023 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 37,563.66 38,217.00 25,388.30
Profit After Tax (PAT) (in ₹ lakh) 942.68 786.80 436.80
Current Ratio (x) 1.49 1.24 1.23
Net Worth (in ₹ lakh) 7,455.98 6,513.60 5,726.51
Total Borrowings (in ₹ lakh) 9,769.78 9,226.05 3,319.30
Return on Equity (%) 12.64% 12.08% 7.63%
Return on Capital Employed (RoCE) (%) 17.06% 15.22% 13.36%
Earnings Per Share (in ₹) 154.42 128.88 82.48

Know before investing

Strengths

6

  1. Chana-focused manufacturing with extensive R&D and minimal competition.

  2. Strong B2B presence serving supermarkets, wholesalers, and importers.

  3. Advanced manufacturing facilities with automated, soft-touch technology.

  4. Expanding into B2C market with kitchen essentials, leveraging R&D.

  5. Robust distribution network across South India, planning national expansion.

  6. Premium "Jeyyam" brand known for quality, adhering to ISO standards.

Risks

6

  1. Dependency on Chana products generates 98% of revenue.

  2. Geographic sales concentration risks with 82% in Tamil Nadu.

  3. Top 10 customers contribute 46% of total revenue.

  4. Material costs account for 89.42% of revenue from operations.

  5. Failure to renew essential licenses may disrupt business operations.

  6. Outstanding legal proceedings involve ₹2.26 crore tax demands.

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Jeyyam Global Foods IPO FAQs

What is the Jeyyam Global Foods Limited IPO?

Jeyyam Global Foods Limited IPO is a book built IPO. The IPO will be open from September 2, 2024, to September 4, 2024.

When will Jeyyam Global Foods Limited IPO be allotted?

The Basis of Allotment will happen on Thursday, September 5, 2024.

When will Jeyyam Global Foods Limited IPO open for subscription?

The IPO subscription window will open on September 2, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.

When will Jeyyam Global Foods Limited list on exchanges?

The listing date for Jeyyam Global Foods is Monday, September 9, 2024.

What would be the listing gains on the Jeyyam Global Foods Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to apply for Jeyyam Global Foods IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the ‘IPO’ section on the platform.
  3. Select IPO: Find and select the Jeyyam Global Foods IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How to increase your chances of getting an Jeyyam Global Foods IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Jeyyam Global Foods Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Jeyyam Global Foods Limited using one PAN?

You can submit only one application using your PAN card.

How to read Jeyyam Global Foods Limited's financial statements?

To read Jeyyam Global Foods’ financial statements, download the IPO’s  RHP document.