Jay Kailash Namkeen Limited IPO : Key information

Jay Kailash Namkeen Limited IPO is set to launch on 28 March, 2024. The company initiated its business operations in the year 2021. It is involved in the business of manufacturing packaged Indian Snacks. The product portfolio of the firm includes masala ChanaJor, Chana Jor Namkeen, Pudina Chana, Plain Moong Jor, masala Moong Jor, haldi Chanas, Soya Sticks, Sev Mumra, Chana Dal, bhavnagari Gathiya, Sing Bhujiya and many more. It has a total of 56 products and 186 SKUs in 5 Rs and 10 Rs packaging. Its customers are located in Gujarat, Chhattisgarh, Assam, Odisha, Bihar, Maharashtra, Tenagana, Rajasthan, Uttar Pradesh etc. Its manufacturing facility is located in Rajkot with a capacity of 10 tons of snacks per day. It has an employee base of 14 people.

Jay Kailash Namkeen Limited IPO DETAILS

Jay Kailash Namkeen Limited IPO is set to launch on 28 March, 2024. The subscription timeline extends till 3 April, 2024. The size for the IPO is 11.93 Crore Rs. Shares issued through fresh issue mode are worth Rs 11.93 Crore. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 70 Rs to 73 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Skyline Financial Services Private Limited.

Tabular Description of Jay Kailash Namkeen Limited IPO

IPO OPENING DATE	28 March, 2024
CLOSING DATE FOR IPO	3 April, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	70 Rs to 73 Rs per share
LOT SIZE	1600 shares
MINIMUM ORDER QUANTITY	1600 shares
ISSUE SIZE	11.93 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	11.93 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	8 April, 2023

Jay Kailash Namkeen Limited IPO: IMPORTANT DATES

IPO OPENING DATE	28 March, 2024
CLOSING DATE FOR IPO	3 April, 2024
IPO ALLOTMENT DATE	4 April, 2024
REFUNDS	5 April, 2024
DEMAT A/C CREDITED ON	5 April, 2024
IPO LISTING DATE	8 April, 2024

Jay Kailash Namkeen Limited IPO begins for subscription from 28 March, 2024. The IPO subscription would continue till 3 April, 2024. The allotment status for the shareholders who applied would come on 4 April, 2024. The refunds for the ones who did not get allotment would be initiated on 5 April, 2024. The DEMAT accounts of shareholders would be credited on 5 April, 2024. The listing of the company would be completed on 8 April, 2024.

Jay Kailash Namkeen Limited IPO: Lead Managers

The lead managers are :

• Expert Global Consultants Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to 116800 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 233600 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1600 shares	116800 Rs.
Maximum	3200 shares	233600 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
Asset	373	613	671
Revenue	1314	1043	987
PAT	8	55	88

Jay Kailash Namkeen Limited had an asset base of 373 Lakh Rs in 2021 which increased to 613 Lakh Rs in 2022. The asset base of the firm jumped to 671 Lakh Rs in the year 2023. The revenue for the company is 1314 lakh Rs in 2021. This decreased to 1043 Lakh Rs in 2022. The revenue further on decreased more to 987 Lakh Rs in the year 2023. However the profit of the company keeps increasing regardless of the decreasing revenue. The profit of the company was 8 Lakh Rs in 2021 which increased to 55 Lakh Rs in the year 2022. The profit of the company was 88 Lakh Rs in the year 2023.

PROS

• The product portfolio of the firm includes masala ChanaJor, Chana Jor Namkeen, Pudina Chana, Plain Moong Jor, masala Moong Jor, haldi Chanas, Soya Sticks, Sev Mumra, Chana Dal, bhavnagari Gathiya, Sing Bhujiya and many more.
• It has a total of 56 products and 186 SKUs in 5 Rs and 10 Rs packaging.
• Its customers are located in Gujarat, Chhattisgarh, Assam, Odisha, Bihar, Maharashtra, Tenagana, Rajasthan, Uttar Pradesh etc.
• Its manufacturing facility is located in Rajkot with a capacity of 10 tons of snacks per day.
• It has an employee base of 14 people.

Jay Kailash Namkeen Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Jay Kailash Namkeen Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.