Jay Kailash Namkeen Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Jay Kailash

CMP

63.79

+1.97 (3.19%)

  • DRHP
₹73

Offer Price

₹ 11.93 Cr

Issue Size

₹ 1,16,800

Min Investment

1,600

Lot size

Time Line

  • 28
    Mar 2024
    Open
  • 03
    Apr 2024
    Close
  • 04
    Apr 2024
    Finalisation of Basis of Allotment
  • 05
    Apr 2024
    Initiation of Refunds
  • 05
    Apr 2024
    Transfer of Shares to Demat Account
  • 08
    Apr 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Create a distribution network and increase its brand awareness to develop its B2C business.

  • Expand its product portfolio.

  • Enhance and expand operational efficiencies.

  • Expand ocurrent business relationships.

Products & Services

  • The Company is engaged in the business of manufacturing of packaged Indian snacks.

Strengths

  • A portfolio as diverse as the market the company serves.

  • Built on trust and a proven track record with clients.

  • Innovative packaging, elevating its products above the rest.

  • Quality assurance at the forefront of everything the company is doing.

  • Led by a promoter and management team with a wealth of experience.

Risks

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

  • The company is being promoted by a first-generation entrepreneur.

  • The company does not own the premises in which its registered office and manufacturing facility is located and the same is on leave and license arrangement. Any termination of such license and nonrenewal thereof could adversely affect its operations.

  • There has been an instance of delay in payment of statutory dues and filing of statutory returns by the Company.

  • Its inability to create, expand and effectively manage the company distribution network may have an adverse effect on its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
23.11%
Pre Holding

70.70%

Post Holding

47.59%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 7.26 (-44.80%) 9.80 (35.00%) 24.72 (-)
Gross Profit 7.26 (-44.80%) 9.80 (35.00%) 24.72 (-)
Net Income 7.26 (-44.80%) 9.80 (35.00%) 24.72 (-)
Assets 7.26 (-44.80%) 9.80 (35.00%) 24.72 (-)
Liabilities 7.26 (-44.80%) 9.80 (35.00%) 24.72 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Jay Kailash Namkeen Ltd 9.80 0.89 5.98 2.39 24.72 0.00 12.25 8.51 0.40
Annapurna Swadisht Ltd 160.17 7.14 111.80 111.80 11.95 4.35 36.39 6.39 0.37
Prataap Snacks Ltd 1,652.93 20.31 911.62 911.62 3.14 8.51 275.53 2.22 0.00

Book Running Managers

  • Expert Global Consultants Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

Deeva House 4th Flr Diwanpara,
11/12 Corner Rajkot City,
Rajkot - 360001
Phone : 0281 2993 110 Email : cs@jaykailashnamkeen.com www.jaykailashnamkeen.com

Offer Related Information

Initial public issue of up to 16,33,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of Jay Kailash Namkeen Limited ("Company") for cash at a price of Rs. 73 per equity share (including a share premium of Rs. 63 per equity share) ("Issue Price") aggregating to Rs. 11.93 crores of which up to 83,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 73 per equity share including a share premium of 63 per equity share aggregating to Rs. 0.61 crores is... More

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