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TCS, HDFCBANK, SBI Liquid Fund (G)
Jeyyam Global Foods Ltd.

JEYYAM

Equity

NSE

Min. Investment

59,000.00

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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

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

ParticularPre-IPOPost-IPO
Percentage9265.76
Share Capital3257535231232152

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202110,063.6021.96786.80786.802.222
202316,835.0261.05786.80786.802.222
20229,941.1761.05786.80786.802.222
202419,226.391,770.40786.80786.802.222
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