A comprehensive guide to the Jeyyam Global Foods IPO, including key dates, price details, allotment process, and more.
Jeyyam Global Foods has published that its IPO is going to be open on 2nd September 2024 and will end on 4th September 2024. It is a global food company specializing in producing and distributing a diverse range of high-quality food products. It aims to gather INR 81.94 crores via an IPO that consists of a fresh issue of INR 73.74 crores (12,088,800 equity shares) and an offer for sale of INR 8.19 crores (1,343,200 equity shares) with a price range of INR 59 to INR 61 per share and a face value of INR 5 per equity share.
Table of Contents
- Company Overview
- Company Strategy
- Details on IPO Date and Price Band
- IPO Objective
- Market Lot Information on Jeyyam Global Foods IPO
- Allotment Dates for Gala Jeyyam Global Foods IPO
- Application Process of IPO
- Financial Analysis of Company
- IPO Valuation
- Competitor Analysis
- Registrar for Jeyyam Global Foods IPO
- Offer Lead Manager
- Company Address
Company Overview
Jeyyam Global Foods is a leading global food brand offering a wide range of standard food materials. Through excellence, Jeyyam Global Foods deals in different segments such as packaged foods, snack products, and drinks. The company employs advanced technology and cost-effective techniques to develop better quality and environmentally friendly products, with a strong distribution network to attend to its global clients with varying needs, preferences, and demands. Jeyyam Global Foods has always been committed to ensuring that it provides consumers with the best products as well as ensuring that it is environmentally conscious and socially responsible.
Company Strategy
The core strategy of business at Jeyyam Global Foods is the growth of its global market share with value-added products and strategic alliances. The organization pays special attention to quality and sustainability by implementing high-tech solutions to improve production and minimize its negative effects on the environment. Its corporate strategy involves product differentiation and product development, supply chain network reliability, and penetration into emerging markets. Thus, Jeyyam Global Foods majorly focuses on consumer satisfaction and sustains high levels of quality to enhance its competitive advantage in the international food market.
Details on IPO Date and Price Band
| Open Date: | September 2, 2024 |
| IPO Close Date: | September 4, 2024 |
| Face Value: | INR 5 Per Equity Share |
| IPO Price Band: | INR 59 to INR 61 Per Share |
| Issue Size: | Approx INR 81.94 crores (13,432,000 Equity Shares) |
| Fresh Issue: | Approx INR 73.74 crores (12,088,800 Equity Shares) |
| Offer for Sale: | Approx INR 8.19 crores (1,343,200 Equity Shares) |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
IPO Objective:
Jeyyam Global Foods’ IPO objective is to fund working capital needs, finance capital expenditures for production line expansion, and cover other corporate needs. The funds collected will be used to increase the company’s internal efficiency, introduce innovations into production, and expand the company’s market share in the world. Moreover, some of the activities to be funded will help Jeyyam Global Foods develop and implement strategic plans to sustain its business and achieve long-term objectives.
Market Lot Information on Jeyyam Global Foods IPO
The lot size and corresponding amounts are as follows:
- Retail Minimum: 1 lot (2,000 shares) for INR 122,000
- Retail Maximum: 1 lot (2,000 shares) for INR 122,000
- HNI Minimum: 2 lots (4,000 shares) for INR 244,000
Allotment Dates for Jayyam Global Foods IPO
Jayyam Global Foods IPO open date is September 2 and the IPO close date is September 4. The IPO allotment date is September 5 and the listing date is September 9.
| IPO Open Date: | September 2, 2024 |
| IPO Close Date: | September 4, 2024 |
| Basis of Allotment: | September 5, 2024 |
| Refunds: | September 6, 2024 |
| Credit to Demat Account: | September 6, 2024 |
| IPO Listing Date: | September 9, 2024 |
Application Process of IPO
The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for Jayyam Global Foods. On the other hand, the IPO forms are also available for download on the BSE and NSE websites, which the candidates can fill out and submit.
Financial Analysis of the Company
Financials in INR Crores.
| Year | Revenue | Expense | Profit After Tax | Assets |
| 2022 | 253.88 | 248.07 | 4.37 | 99.41 |
| 2023 | 382.21 | 371.73 | 7.87 | 168.35 |
| 2024 | 629.83 | 609.82 | 15.09 | 192.26 |
Jeyyam Global Foods has reported strong financial growth over the past three years. In 2022, the company reported revenue of INR 253.88 crores, with expenses of INR 248.07 crores, resulting in a profit after tax of INR 4.37 crores. By 2023, revenue surged to INR 382.21 crores, with expenses increasing to INR 371.73 crores, leading to a higher profit of INR 7.87 crores. In 2024, the company achieved significant growth, with revenue reaching INR 629.83 crores and expenses at INR 609.82 crores, yielding a profit of INR 15.09 crores. Assets also grew, reaching INR 192.26 crores by 2024, indicating strong financial growth.
IPO Valuation (FY 2024)
The company’s EPS stands at a value of INR 4.26 with a Return on Net Worth (RoNW) of 18.81% and a Net Asset Value (NAV) per share of INR 22.66 in the financial year 2024. The IPO price band ranges from INR 59 to INR 61 per share with the issue of 13,432,000 equity shares to raise INR 81.94 crores and a face value of INR 5 per equity share to fund working capital, support production expansion, and advance general corporate purposes to enhance efficiency, invest in technology, and strengthen global market presence for long-term growth.
| Earnings Per Share (EPS): | INR 4.26 |
| Price/Earning P/E Ratio: | 13.85 |
| Return on Net Worth (RoNW): | 18.81% |
| Net Asset Value (NAV): | INR 22.66 |
Competitor Analysis
Here is the competitor of Jeyyam Global Foods:
Sameera Agro and Infra Limited
Sameera Agro & Infra Limited is an emerging company that focuses on the provision of agro-based products and services alongside infrastructure. Being an agri-business company with a plan of focusing on the sustainability of agriculture mechanization and infrastructure, Sameera Agro and Infra Limited offer diverse services and products that help increase the productivity of agriculture segments and foster infrastructure. The company aims to apply state-of-the-art technologies and practices to provide quality solutions in the market. With these strategic activities on the business agenda, Sameera Agro and Infra Limited seek to foster the growth and development of the crucial segments of the economy.
Offer Lead Manager
Corpwis Advisors Private Limited
Corpwis Advisors Private Limited is an experienced consultancy house that focuses on delivering strategic consultancy solutions in several fields. The company specializes in business strategies, financial planning, and assessment of organizations’ markets; the company supports clients in the implementation of strategic objectives to increase performance. It is achieved through Corpwis Advisors’ team of sophisticated professionals capable of providing unique solutions that help untangle business problems and produce lasting results. With a focus on quality and client service, it establishes the organization as a reliable advisor to companies that are aiming to improve their competitive advantage and business productivity.
Conclusion
To generate INR 81.94 crores to support production expansion, fulfill working capital needs, and strengthen corporate skills, Jeyyam Global Foods planned initial public offering (IPO) is a crucial step in the company’s growth strategy. The IPO, which has a price range of INR 59 to INR 61 per share, gives investors a chance to contribute to the expansion of a business that has demonstrated solid financial performance and a growing global footprint. Jeyyam Global Foods’ long-term goals and market position will be reinforced by this IPO.
