April 8, 2024
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Jay Kailash Namkeen IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Jay Kailash Namkeen IPO Post Listing Review:
On 8 April, the scrip is listed at Rs. 85, premium of 16.44% over the issue-price of Rs. 73. This listing has been in line with the expectations of the grey market. Even after listing, the scrip is expected to show strong performance and hence one may retain the shares.
What is the last GMP of Jay Kailash Namkeen IPO?
Premium: Rs.12
Subject to Rs. 19500
Check Subscription status of Jay Kailash Namkeen IPO
On 3 April 2024 5.00 pm (Day 4) (Closed)
Review:
QIB: 464000 Shares 2.32 T
NII: 310400 Shares 68.93 T
RII: 776000 Shares 50.99 T
Total: 1633600 Shares 40.02 T
What is the business of Jay Kailash Namkeen?
Jay Kailash Namkeen is engaged in the business of manufacturing of packaged Indian snacks. Its range of Indian snacks 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. It has 186 SKUs of our 56 products ranging from 5, 10, 200 Grams, 400 Grams, 500 Grams, 5 Kgs. and 20 Kgs. packs. Its diversified product portfolio is therefore, relatively less susceptible to shifts in consumer preferences, market trends and risks of operating in a particular product segment.
The Company was initially engaged in B2B business wherein it manufactures products in bulk
quantities for other well recognised companies/brands in same industry. It manufactures products and
supply in the states of Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha,
Rajasthan, Telangana and Uttar Pradesh. However, from April 2022 onwards it has also started B2C
business along with its existing B2B business under its own brand name . It is also into wholesale trade of Chana Jor namkeen.
The registered office and manufacturing facility is situated at Deeva House, Fourth Floor, Diwanpara
11/12 corner, Rajkot City, Rajkot, Gujarat-360001, India and R S No 130 P1, Plot No 7, R K Industrial Zone-7, Kuchiyadad, Rajkot, Gujarat, 360023 respectively. It has production capacity of 10 tonnes per working day at its manufacturing facility. Its units are well equipped with machineries and other handling equipment to facilitate smooth manufacturing process.
Get more information about the company @ http://www.jaykailashnamkeen.com/
| Jay Kailash Namkeen IPO Details | |
| IPO opens on | 28 March 2024 |
| IPO closes on | 3 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1633600 Sh /Rs 11.93 Cr |
| * Fresh Issue | 1633600 Sh /Rs 11.93 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 83200 Sh. |
| Net offer to Public | 1550400 Sh./Rs.11.32 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 70-73 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
| Shares offered in Jay Kailash Namkeen IPO | ||
| Shares | Rs. (Cr) | |
| QIB (30%) | 465120 | 3.40 |
| NII (20%) | 310080 | 2.26 |
| RII (50%) | 775200 | 5.66 |
| Total Shares | 1550400 | 11.32 |
| Retail portion will be oversubscribed by | 485 | |
| Forms | ||
| How much Shares to Apply in Jay Kailash Namkeen IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 116800 |
| Min HNI Application | 3200 Sh | Rs.233600 |
Who are the Promoters of Jay Kailash Namkeen IPO?
The company’s Promoters are Mr. Neel Narendrabhai Pujara and Ms. Tulsi Neel Pujara.
What are the Objects of Jay Kailash Namkeen IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
To meet the working capital requirement; and
General corporate purpose.
| Jay Kailash Namkeen IPO Tentative timetable | |
| IPO opens on | 28 March 2024 |
| IPO Closes on | 3 April 2024 |
| IPO Allotment on | 4 April 2024 |
| Refund Initiation | 5 April 2024 |
| Credit of Shares | 5 April 2024 |
| Listing on | 8 April 2024 |
| Registered Office of the Company Jay Kailash Namkeen Limited Deeva House, Fourth Floor, Diwanpara 11/12 corner, Rajkot City, Rajkot – 360001 |
| Who is the Lead Manager of Jay Kailash Namkeen IPO? Expert Global Consultants Pvt ltd |
| Who is the Registrar to IPO? Skyline Financial Services Pvt ltd |
| Jay Kailash Namkeen IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 13.15 | 0.09 | 3.10 | 33.15 |
| 2021-22 | 10.43 | 0.55 | 1.89 | 108.25 |
| 2022-23 | 9.88 | 0.89 | 3.03 | 24.72 |
| Book Value of the Share on | 31.03.2023 | Rs 12.27 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 73 | |||
| Jay Kailash Namkeen IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 24.09 |
| Price/BV Ratio | 5.95 |
| Upper price/BV after IPO | |
How Jay Kailash Namkeen IPO compares with the Peers?
| AS per RHP | FV | Total Income | PE Ratio |
| in Rs. | Rs. in Cr. | ||
| Jay Kailash Namkeen | 10 | 10 24.09 | |
| Annapurna Swadisht | 10 | 160 | 44.24 |
| Prataap Snacks | 5 | 1653 | 86.55 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Jay Kailash NamkeenTo the point Guidance
Jay Kailash Namkeen is engaged in the business of manufacturing of packaged Indian snacks. Its range of Indian snacks 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. It has 186 SKUs of our 56 products
Size: The net size of the IPO is Rs.11.32 Cr comprising of 1550400 shares. The HNI portion is just Rs.2.26 Cr and Retail portion is Rs. 5.66 Cr. The Retail portion will get oversubscribed with only 485 applications. So, there is no worry about oversubscription.
Financial Snapshot: The company is shown sharp rise in the profits (Rs. 9 lacs in 2020-21 to Rs. 89 lacs in 2022-23) Such sharp rise ahead of the IPO raises eyebrows. The size of the IPO is not very large. So, IPO can get oversubscribed and may give small listing gains. May Apply
Quicklinks
Jay Kailash Namkeen IPO GMP today details?
Jay Kailash Namkeen IPO
Jay Kailash Namkeen IPO FAQs
What is Jay Kailash Namkeen IPO?
Jay Kailash Namkeen is a SME IPO of 1633600 equity shares of the face value of Rs. 10 aggregating up to Rs.11.93 Crores. The issue is priced at Rs.70-73 per share. The minimum order quantity is 1600 Shares.
When will Jay Kailash Namkeen IPO open?
Jay Kailash Namkeen IPO opens on March 28, 2024, and closes on April 3, 2024.
What is the lot size of Jay Kailash Namkeen IPO?
Jay Kailash Namkeen IPO lot size is 1600 Shares, and the minimum amount required is Rs.116800.
How to apply for Jay Kailash Namkeen IPO?
You can apply in Jay Kailash Namkeen IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Jay Kailash Namkeen IPO allotment?
The finalization of Basis of Allotment for Jay Kailash Namkeen IPO will be done on April 4, 2024, and the allotted shares will be credited to your demat account by April 5, 2024.
When is Jay Kailash Namkeen IPO listing date?
Jay Kailash Namkeen IPO listing date is April 08, 2024.
