IPO Details
Bidding Dates
02 Sept 24 - 04 Sept 24
Price Range ₹
59 - 61
Total Equity
₹ 81.94Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
02 Sept 2024
Offer end
04 Sept 2024
Allotment
05 Sept 2024
Refund initiation
06 Sept 2024
Demat transfer
06 Sept 2024
Listing
09 Sept 2024
Offer start
02 Sept 2024
Offer end
04 Sept 2024
Allotment
05 Sept 2024
Refund initiation
06 Sept 2024
Demat transfer
06 Sept 2024
Listing
09 Sept 2024
About Company
Established in 2008, Jeyyam Global Foods Limited, previously known as Kichoni Online Services Private Limited, specializes in the production and processing of Bengali chickpeas ('chana'), Fried Gram, and Besan Flour. The company supplies these products to a wide range of markets, including distributors, large retailers, hotels, restaurants, caterers, branded supermarkets, and wholesalers. Jeyyam Global Foods operates two factory locations in Ammalamudugu and Devattipatti, both of which hold FSSAI licenses and adhere to ISO 9001:2015 and ISO 22000:2018 standards. The Salem factory also holds ISO certification. The company's product lineup includes: - Jeyyam Fried Gram (split and whole) - Standard Fried Gram (split and whole) - Jeyyam Gram Flour - Leader Gram Flour - Ponni Gram Flour As of March 31, 2024, Jeyyam Global Foods employed 155 permanent staff members.
Year Founded
24-03-2008
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 92 | 65.76 |
| Share Capital | 32575352 | 31232152 |
Offer to Public
1,34,32,000.00 Cr
Project Details
- Funding of Working Capital requirements - 350cr
- Capital expenditures - 190cr
Objectives
- Working Capital RequirementsCapital ExpendituresGeneral Corporate Purposes
Highlights
- Compliance with FSSAI regulations at both factory locations underscores the company's commitment to food safety standards.
- Fully automated facilities with soft-touch technology ensure high hygiene levels and preserve product nutrition.
- Steady increase in revenue over the past three fiscal years reflects strong market demand and operational efficiency.
- Significant growth in profit after tax indicates the company’s improving financial health and profitability.
- The use of soft-touch technology allows the company to maintain the nutritional quality of its products, enhancing product appeal.
Challenges
- Heavy reliance on chana and related products makes the company vulnerable to fluctuations in demand, quality, or customer preferences.
- Over 90% of sales are concentrated in Tamil Nadu, with any regional issues potentially threatening business stability.
- Involvement in ongoing legal proceedings poses potential risks, with adverse judgments possibly harming the company’s business.
- The company’s significant debt load could strain financial resources, especially if it struggles to meet repayment obligations.
- Previous negative cash flows and an increase in trade receivables and working capital cycle days signal potential liquidity challenges.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 10,063.60 | 21.96 | 786.80 | 786.80 | 2.222 |
| 2023 | 16,835.02 | 61.05 | 436.80 | 436.80 | 1.2336 |
| 2022 | 9,941.17 | 61.05 | 786.80 | 786.80 | 2.222 |
| 2024 | 19,226.39 | 1,770.40 | 786.80 | 786.80 | 2.222 |
