Jay Kailash Namkeen Ltd. logo

Jay Kailash Namkeen was incorporated on June 30, 2021. The company is engaged in the manufacturing of packaged Indian snacks. Its range of Indian snacks includes chana jor namkeen, masala chana jor, pudina chana, masala mung jor, plain mung jor, soya sticks, haldi chanas, chana dal, sev murmura, garlic sev murmura, bhavnagari gathiya, sing bhujia, popcorn, roasted peanuts, etc.

Bidding Dates
28 Mar 2024 - 03 Apr 2024
Subscription
38.03x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹112,0001116001.6 M₹70 - ₹7348.33 %₹114.4 M - ₹119.3 MRHP DOC

Jay Kailash Namkeen IPO SUBSCRIPTION STATUS

03 Apr '24
Total38.03x
Retail Individual Investor50.99x
HNI (NII) Investors54.57x
Qualified Institutional Buyers2.32x

Jay Kailash Namkeen IPO overall subscription rate was 38.03 times the total available shares

Jay Kailash Namkeen IPO retail subscription rate was 50.99 times in the retail segment

Jay Kailash Namkeen IPO non-institutional investor subscription rate was 54.57 times in the non-institutional investor category

Jay Kailash Namkeen IPO Qualified Institutional Bidder subscription rate was 2.32 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%20%30%
03 Apr 2024
(Day 5)
50.99x54.57x2.32x
02 Apr 2024
(Day 4)
13.72x5.48x1.5x
01 Apr 2024
(Day 3)
5.14x2.66x1.03x
28 Mar 2024
(Day 2)
1.87x1.3x0.89x

Jay Kailash Namkeen FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
8MFY24 4.0 64.0 -18.7 -20.8 11.6%
FY23 8.9 98.0 -2.6 -4.8 14.0%
FY22 5.5 104.3 5.3 1.1 8.6%
FY21 0.9 131.5 5.2 2.6 1.5%

Jay Kailash Namkeen IPO SUBSCRIPTION STATUS DETAILS

Jay Kailash Namkeen had 1.6 M shares on offer

Jay Kailash Namkeen IPO offer price was in the range ₹70 - ₹73

Jay Kailash Namkeen IPO minimum Investment was ₹112000

Jay Kailash Namkeen IPO issue size was ₹ 114.4 M - ₹ 119.3 M

Jay Kailash Namkeen had a minimum lot size of 1600 Shares per application

Jay Kailash Namkeen NUMBER OF SHARES ON OFFER

Total1.6 M
Fresh Issue1.6 M
Offer for Sale0
Post Issue Promoter Holding %48.33 %

Jay Kailash Namkeen IPO IMPORTANT DATES

Issue Open Date28 Mar 2024
Issue close Date03 Apr 2024
Allotment Date04 Apr 2024
Refund Date05 Apr 2024
Demat Account Credit Date05 Apr 2024
Listing Date08 Apr 2024
Listing on Exchange(s)BSE
Jay Kailash Namkeen Allotment StatusExchange

Jay Kailash Namkeen IPO subscription opened on 28 Mar 2024, and closed on 03 Apr 2024

IPO allotment for Jay Kailash Namkeen was finalized on Thursday, 04 Apr 2024

IPO listing for Jay Kailash Namkeen was on BSE on Monday, 08 Apr 2024

Jay Kailash Namkeen IPO LISTING GAINS

Issue Price (adjusted)73.0
Listing Open Price85.0
Listing Close Price80.8
Listing Gain%16.4%
Current Gain%-31.0%

Jay Kailash Namkeen Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Jay Kailash Namkeen Ltd.50.425.220.9-24.41.46.13.217.919.41.2-0.92.4-0.9
Nestle India Ltd.1167225034.355.21.48.867.826.52319514.53499.19.121.138.2
Britannia Industries Ltd.4640111762.942.92.35.749.62619375.66.62533.516.3108.118.7
Milky Mist Dairy Food Ltd.30623561.127.44.7314533.6127175.7
Hatsun Agro Products Ltd.995.522174.660.426.5218.389972.914.8356.224.816.52.3
Zydus Wellness Ltd.462.814722.978.2-1.83.23.41.93967.445.7197.2-43.25.9-42.5

Jay Kailash Namkeen INFORMATION ON IPO ISSUE

About Jay Kailash Namkeen

Jay Kailash Namkeen was incorporated on June 30, 2021. The company is engaged in the manufacturing of packaged Indian snacks. Its range of Indian snacks includes chana jor namkeen, masala chana jor, pudina chana, masala mung jor, plain mung jor, soya sticks, haldi chanas, chana dal, sev murmura, garlic sev murmura, bhavnagari gathiya, sing bhujia, popcorn, roasted peanuts, etc.

Object of the Issue

  1. To meet the working capital requirement
  2. General corporate purpose

Jay Kailash Namkeen - PROMOTERS

Name
Neel Narendrabhai Pujara
Tulsi Neel Pujara

Jay Kailash Namkeen Lead Manager to the Issue

Expert Global Consultants Private Limited

ipo@expertglobal.in

Jay Kailash Namkeen Registrar to the Issue

Skyline Financial Services Private Limited

ipo@skylinerta.com

Jay Kailash Namkeen Strengths

Diversified product portfolio

The company has a diversified product portfolio consisting of 18 products, effectively addressing a large consumer base

Strength

Product packaging

The company's packaging increases the product shelf life. All products in its range, which have passed the trial and testing stage, have a shelf life of 9 months to 1 year

Strength

Existing client relationship

The company has successfully built a strong client base for its business. Its existing relationships enable it to secure repeat business from customers

Strength

Jay Kailash Namkeen Risks

Limited operating history

The company has a limited operating history and may be subject to risks inherent in early-stage companies. This may make it difficult for investors to evaluate the business and prospects

Risk

Negative operating cash flows

The company has experienced negative operating cash flows, and any negative cash flows in the future could adversely affect its cash flow requirements, thereby potentially impacting the business.

Risk

Dependent on few customers

The company's top ten customers contribute the majority of the revenues from operations. Any loss of business from one or more of them may adversely affect both revenues and profitability

Risk

IPO FAQs

  • The promoters of the company are Neel Narendrabhai Pujara and Tulsi Neel Pujara.
  • The category allocation of qualified institutional buyers is 30.0%, the category allocation of non individual investors or high networth individuals is 20.0% and for retail investors it is 50.0%.
  • The price band of the IPO is Rs 70.0 - 73.0.
  • The IPO application opens on Mar 28, 2024 and closes on Apr 03, 2024.
  • The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
  • For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 116,800.0.
  • This IPO will be allotted on Apr 04, 2024.
  • The refund will be credited to your account on Apr 05, 2024.
  • The allotted shares will be credited to your demat on Apr 05, 2024.
  • Jay Kailash Namkeen Ltd.’s shares listed on the stock exchanges on Apr 08, 2024.