Jeyyam Global Foods Limited IPO: All You Need to Know
The upcoming IPO of Jeyyam Global Foods Limited has generated significant interest among investors as it prepares to open for subscription from September 2 to September 4, 2024. This SME IPO aims to raise approximately ₹81.94 crores, and here’s everything you need to know about it.
IPO Details
- Issue Price: The price band for the IPO is set between ₹59 and ₹61 per equity share.
- Lot Size: Investors can apply for a minimum of 2,000 shares, which translates to a minimum investment of ₹122,000.
- Issue Size: The total issue size is ₹81.94 crores, consisting of a fresh issue of ₹73.74 crores and an offer for sale of ₹8.19 crores.
- Face Value: Each share has a face value of ₹5.
- Listing Date: The shares are expected to be listed on the NSE SME platform on September 9, 2024.
Company Overview
Jeyyam Global Foods Limited, established in 2008, operates in the food and beverage sector, focusing on both B2C and B2B markets. The company has developed a robust supply chain and state-of-the-art manufacturing units, enabling it to meet the evolving needs of consumers.
Financial Performance
The company has shown impressive growth in its financials:
- Revenue: For the financial year ending March 31, 2024, Jeyyam Global Foods reported revenues of ₹62.98 crores, a significant increase from ₹38.22 crores in the previous year.
- Profit After Tax: The profit after tax surged to ₹1,509.11 lakhs, up from ₹786.8 lakhs in FY 2022-23.
- EPS: The earnings per share (EPS) pre-IPO stands at ₹4.26, while the post-IPO EPS is projected at ₹3.18.
Grey Market Premium (GMP)
As of the latest updates, the grey market premium (GMP) for Jeyyam Global Foods IPO is currently at ₹0, indicating no significant movement in the grey market leading up to the listing. Investors should keep an eye on the GMP as it can provide insights into the expected listing price.
Subscription Trends
The IPO is expected to attract substantial interest from retail and institutional investors, given the company’s growth trajectory and market position. The retail portion of the offer is set at 35%, ensuring that individual investors have a fair chance to participate.
Conclusion
The Jeyyam Global Foods Limited IPO presents an intriguing opportunity for investors looking to tap into the growing food and beverage sector in India. With solid financials and a strategic approach to market demands, the company is well-positioned for future growth. As the IPO date approaches, investors should consider the fundamentals of the company and stay updated on market trends to make informed decisions.Stay tuned for more updates on the Jeyyam Global Foods IPO as it unfolds!