Jeyyam Global Foods IPO Listing: The share of Jeyyam Global Foods Ltd, which sells gram and gram flour in bulk, made a strong entry on the NSE’s SME platform on Monday.
Its IPO received more than 119 times the overall bid. The share has been issued for Rs 61 under the IPO. On 9th September it entered NSE SME at Rs 61, which means that IPO investors did not get any listing gain.
After this, IPO investors received another shock when the shares fell. They fell to Rs 58.25 (Jeyyam Global Foods Ltd Share Price), which means that IPO investors are now losing 4.51 percent.
Jeyyam Global Foods IPO Received An Overwhelming Response
Jeyyam Global Foods Ltd’s 81.94 crore rupees IPO opened for registration from September 4 to. The IPO received an overwhelming response from investors. Overall, it was viewed 119.41 times.
In this case, the part designated specifically for Qualified Institutional Buyers (QIB) was filled 54.62 times. The part that was reserved for Non-Institutional Investors (NII) was filled 321.82 times. The portion that retail investors can use was filled 70.43 times.
A new share worth Rs 73.74 crore has been issued under this IPO. Other than that the 13,43,200 shares that have the price of 5 rupees face value were sold in the Sale window.
The proceeds from an Offer for Sale will be given to shareholders who sell the shares. At the same time, the company will use the money raised through new shares for capital expenditure, meeting working capital requirements, and general corporate purposes.
About Jeyyam Global Foods
Jeyyam Global Foods Ltd (formerly Kichoni Online Services Private Limited), formed in the year 2008, processes Bengali gram. It produces roasted gram and gram flour.
The products are sold to distributors large retailers as well as restaurants, hotels catering companies, supermarkets with branded brands as well as wholesale shopkeepers.
Discussion about the business’s financial health has always been a priority. In the year 2022, the company made an net profit of the sum of 4.37 crore rupees.
It increased to 7.87 crore rupees in the financial year 2023. It reached an amount of 15.09 crore rupees by the end of the year 2024.
At this time when the company’s revenues increased, it was at a compound rate (CAGR) that was more than 57 % per year to 629.83 crore rupees.
However, during this period, the company’s debt also increased from Rs 33.19 crore to Rs 96.20 crore.
Quick Fact
| Company name | Jeyyam Global Foods |
|---|---|
| IPO Opening Date | 4th September |
| IPO Price | ₹61 |
| IPO Listing Platform | NSE SME |
| IPO Listing Price | ₹61 |
| Share Drop Price | ₹58.25 |
| Share Loss | 4.51% |
| IPO Response | 119.41 times |
| QIB Subscription | 54.62 times |
| NII Subscription | 321.82 times |
| Retail Subscription | 70.43 times |
| New Share Issue | ₹73.74 crore |
| Sale Share Price | ₹5 (Face Value) |
| Sale Share Quantity | 13,43,200 shares |
| Raised Amount Usage | Capital expenditure, working capital, general corporate purposes |
| Year of Formation | 2008 |
| Previous Name | Kichoni Online Services Private Limited |
| Product Type | Roasted gram, gram flour |
| Customer Base | Distributors, retailers, restaurants, hotels, caterers, supermarkets, wholesale shopkeepers |
| FY 2022 Profit | ₹4.37 crore |
| FY 2023 Profit | ₹7.87 crore |
| FY 2024 Profit | ₹15.09 crore |
| Revenue CAGR | More than 57% |
| FY 2024 Revenue | ₹629.83 crore |
| Debt Increase (Period) | ₹33.19 crore to ₹96.20 crore |
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