The Jay Kailash Namkeen IPO date has been confirmed from March 28, 2024, and closes on April 3, 2024. Read the post to learn about Jay Kailash Namkeen IPO GMP.
Alright, folks, let’s dive into the details of the Jay Kailash Namkeen Developers IPO. We’re talking about a fixed price issue worth Rs 11.93 crores, with shares going for anywhere between ₹70 to ₹73 each. Jay Kailash Namkeen IPO GMP Today is ₹20. To get in on the action, you’re looking at a minimum lot size of 1600 Shares, which means retail investors need to put down at least ₹116,800, while our High Net Worth Individuals (HNIs) are expected to double that, coming in at ₹233,600.
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Bidding Dates
Mar 28 – Apr 3
Price Range
₹70 to ₹73 per share
Face Value
₹10 per share
GMP
₹38
Jay Kailash Namkeen IPO GMP
The Jay Kailash Namkeen IPO GMP Today is ₹38.
IPO Overview
This IPO is rolling out a fresh batch of 16.34 lakh shares, up for grabs from March 28, 2024, right through till April 3, 2024. We’re expecting the allocations to be sorted out by April 4, 2024, and we’re eyeing a potential listing date on BSE SME for April 8, 2024.
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 |
Jay Kailash Namkeen Limited Financial Information
| 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 | ||||
Jay Kailash Namkeen IPO Timeline
| 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 |
Company Profile
Now, let’s talk about Jay Kailash Namkeen Limited. Established in 2021, they’re all about whipping up some delicious Indian snacks packaged to perfection. With a range including Chana Jor Namkeen, Masala Mung Jor, and Soya Sticks, they’ve got their flavors spreading across states like Assam, Bihar, Gujarat, and Uttar Pradesh. Their manufacturing hub, churning out goodness at a rate of 10 tonnes per working day, is based in Rajkot, Gujarat.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | ipo@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Jay Kailash Namkeen Limited |
| Phone number | 0281-2993110 |
| Email ID | cs@jaykailashnamkeen.com |
| Website | jaykailashnamkeen.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
