Jeyyam Global Foods Limited, formerly known as Kichoni Online Services Private Limited, produces and/or processes Bengali chickpeas (locally known as ‘chana’), Fried Gram, and Besan Flour and supplies these to a variety of markets such as distributors, large retailers, hotels, restaurants, caterers, branded supermarkets and wholesalers.
The company has obtained an FSSAI license for its two factory locations Ammalamudugu and Devattipatti and ensures that ISO 9001:2015 and ISO 22000:2018 standards are maintained at both factory locations and has obtained ISO certification for the Salem factory.
Jeyyam’s product portfolio includes:
- Jeyyam fried gram (split), Jeyyam fried gram (whole), Standard fried gram (split) and Standard fried gram (whole)
- Jeyyam gram flour
- Leader gram flour and Ponni gram flour
As of March 31, 2024, the company had 155 permanent employees.
Jeyyam Global Foods IPO – Details
| IPO Opening Date | 02 September 2024 |
| IPO Closing Date | 04 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,34,32,000 Shares Worth ₹81.94 Crore Fresh Issue: 1,20,88,800 Shares Worth ₹73.74 Crore Offer For Sale: 13,43,200 Shares Worth ₹8.19 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹59 – ₹61 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Jeyyam Global Foods IPO – Date Schedule
| IPO Open Date | 02 September 2024 |
| IPO Close Date | 04 September 2024 |
| Basis of Allotment | 05 September 2024 |
| Initiation of Refund | 06 September 2024 |
| Credit of Shares to Demat Account | 06 September 2024 |
| IPO Listing Date | 09 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 04, 2024 |
Jeyyam Global Foods IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,22,000 |
| Retail (Max) | 1 | 2000 | ₹1,22,000 |
| HNI (Min) | 2 | 4000 | ₹2,44,000 |
Competitive Strengths
- Chana focused Manufacturing.
- Distribution Channel.
- Experienced Team.
- Wide range of Customers in B2B segment.
- Advanced Technologies.
- Customer relationships.
- Research & Development.
- Ready to enter into Full Kitchen Essentials.
- Diverse Product Portfolio and Distribution.
Company 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
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 253.88 | 248.06 | 4.36 | 33.19 |
| 31 March 2023 | 382.20 | 371.73 | 7.86 | 92.26 |
| 31 March 2024 | 629.83 | 609.81 | 15.09 | 96.20 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.81% |
| ROCE | 26.27% |
| Debt/Equity | 1.2 |
| RoNW | 18.81% |
| P/BV | 2.69 |
| PAT Margin (%) | 2.4 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.26 | 3.18 |
| P/E (x) | 14.31 | 19.2 |
Object Of The Issue
- Working Capital Requirements.
- Capital Expenditures.
- General Corporate Purposes.
Jeyyam Global Foods IPO Promoter Holding
| Pre Issue Share Holding | 92.00% |
| Post Issue Share Holding | – |
Jeyyam Global Foods IPO Prospectus
Company Contact Information
| Jeyyam Global Foods Limited No.37 (Old No.19), Padmavathiyar Road, Gopalapuram, Chennai, 600 086 Phone: 044-4505 4101 Email: info@jeyyamfoods.in Website: http://www.jeyyamfoods.com/ |
Jeyyam Global Foods IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: jgfl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Jeyyam Global Foods IPO Lead Manager(s)
| 1. Corpwis Advisors Private Limited |
Jeyyam Global Foods IPO FAQs
| What is Jeyyam Global Foods IPO? Jeyyam Global Foods IPO is a SME IPO. The issue is priced at ₹59 and ₹61 per equity share. The IPO is to be listed on NSE SME. |
| When Jeyyam Global Foods IPO will open? The IPO is to open on 02 September 2024 for QIB, NII, and Retail Investors. |
| What is Jeyyam Global Foods IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Jeyyam Global Foods IPO? You can apply Jeyyam Global Foods IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Jeyyam Global Foods IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Jeyyam Global Foods IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Jeyyam Global Foods IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Jeyyam Global Foods IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Jeyyam Global Foods IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Jeyyam Global Foods IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Jeyyam Global Foods IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Jeyyam Global Foods IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Jeyyam Global Foods IPO Size? Jeyyam Global Foods IPO size is ₹81.94 Crore. |
| What is Jeyyam Global Foods IPO Price Band? Jeyyam Global Foods IPO Price Band is ₹59 – ₹61. |
| What is Jeyyam Global Foods IPO Minimum and Maximum Lot Size for retail? The minimum bid is 2000 Shares with ₹1,22,000 amount while the maximum bid is 2000 Shares with ₹1,22,000. |
| What is the Jeyyam Global Foods IPO Allotment Date? Jeyyam Global Foods IPO allotment date is 05 September 2024. |
| What is the Jeyyam Global Foods IPO Listing Date? Jeyyam Global Foods IPO listing date is 09 September 2024. The IPO is to be listed on NSE SME. |
