Jeyyam Global Foods Limited stands as a prominent name in the chana industry, with a legacy extending over 40 years. The company's significant expertise is demonstrated through its operation of one of Asia's largest chana product manufacturing units, fostering a robust supply chain ecosystem.

The Jeyyam Global Foods IPO is set to open on September 02, 2024, with shares priced between ₹59 and ₹61 per share. This Book Built Issue consists of a fresh issue of 120.8 lakh shares, totaling ₹81.93 crores. The subscription period will close on September 04, 2024, with the allotment scheduled to be finalized on September 05, 2024. The shares are expected to list on the NSE SME on September 09, 2024.

For retail investors, the minimum lot size is 2,000 shares, requiring an investment of ₹122,000. High-Net-Worth Individuals (HNIs) must invest in at least 4,000 shares, amounting to ₹244,000. CORPWIS ADVISORS PRIVATE LIMITED is the book-running lead manager, KFIN TECHNOLOGIES LIMITED is the registrar for the issue, and NNM Securities Private Limited will act as the market maker.

Utilization of IPO Proceeds:

The funds raised through the IPO will be allocated as follows:

₹3,500 lakhs for funding working capital requirements.

₹1,900 lakhs for capital expenditures.

General corporate purposes.

Financial Performance:

Jeyyam Global Foods has shown impressive financial growth. Revenue increased from ₹25,388.30 lakhs in FY22 to ₹38,220.62 lakhs in FY23, and further surged to ₹62,983.42 lakhs in FY24. EBITDA rose from ₹1,152.19 lakhs in FY22 to ₹1,700.95 lakhs in FY23, reaching ₹3,292.30 lakhs in FY24. PAT improved from ₹436.80 lakhs in FY22 to ₹766.80 lakhs in FY23, and currently stands at ₹1,509.11 lakhs in FY24, reflecting a strong financial performance.

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The IPO is being offered at a pre-issue Earnings Per Share (EPS) of ₹4.26 and a post-issue EPS of ₹3.17. The pre-issue Price-to-Earnings (P/E) ratio is 14.31x, while the post-issue P/E ratio is 19.24x, compared to the industry average of 9.80x. The company's Return on Capital Employed (ROCE) for FY24 is 26.27%, and the Return on Equity (ROE) is 18.81%, indicating that the IPO is fully priced relative to industry standards.

Grey Market Premium (GMP):

The Grey Market Premium for the Jeyyam Global Foods IPO is anticipated to be in the range of ₹34 to ₹37, indicating potential listing gains of 55% - 60%. GMP is based on market demand and supply and should be considered with caution as it does not guarantee the actual listing price.

Live Subscription Status:

As of 01:41 PM on September 04, 2024, the Jeyyam Global Foods IPO has been subscribed 28.53 times on its last day of the subscription period. Investors can check the live subscription status at NSE for the most up-to-date information.

Allotment Status:

The IPO allotment is scheduled for September 05, 2024. To check the allotment status:

Visit the IPO allotment status page.

Select Jeyyam Global Foods Limited IPO from the dropdown menu.

Enter your application number, PAN, or DP Client ID.

Submit the details to view the allotment status.

Based on the company's strong financial performance and the IPO's valuation metrics, we recommend that risk-tolerant investors consider applying for the Jeyyam Global Foods Limited IPO for potential listing gains or long-term investment.

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