Jeyyam Global Foods, a brand with a legacy of over 40 years in the Chana industry, has established itself as a key player in the market. With extensive experience in setting up and operating one of Asia's largest chana product manufacturing units, Jeyyam has successfully built a thriving supply chain ecosystem that caters to the diverse needs of its clients.

In 2024, Jeyyam Global Foods Limited is launching an Initial Public Offering (IPO), a Book Built Issue amounting to ₹81.93 Crores. The entire offering is a Fresh Issue of 120.8 Lakh Shares. The subscription period for the IPO began on September 02, 2024, and will close on September 04, 2024. The allotment of shares is expected to be finalized on or about Thursday, September 5, 2024, with the shares tentatively set to list on the NSE SME on Monday, September 9, 2024.

The share price band for Jeyyam Global Foods IPO has been set at ₹59 to ₹61 per equity share, with a minimum lot size of 2,000 shares. For retail investors, the minimum investment required is ₹122,000, while High-Net-Worth Individuals (HNIs) must invest a minimum of ₹244,000 for 2 lots (4,000 shares).

CORPWIS ADVISORS PRIVATE LIMITED is acting as the book-running lead manager for this IPO, with KFIN TECHNOLOGIES LIMITED serving as the registrar for the Issue. NNM Securities Private Limited will function as the Market Maker for the Jeyyam Global Foods IPO.

Jeyyam Global Foods Limited IPO GMP Today

The Grey Market Premium (GMP) for Jeyyam Global Foods Limited IPO is expected to be in the range of ₹25 to ₹30. This estimation is based on the company's financial performance, but it is important to note that real trading is not done on the basis of Grey Market Premium. Therefore, no actual price discovery occurs before the listing of shares on the stock exchange. The GMP depends entirely on the demand and supply of the shares in an unorganized manner, which is not recommended. The GMP is provided purely for educational and informational purposes.

Jeyyam Global Foods Limited IPO Live Subscription Status Today

As of 2:29 PM on September 3, 2024, the Jeyyam Global Foods Limited IPO live subscription status shows that the IPO is subscribed 2.59 times on its second day of the subscription period. Investors can check the live subscription status on the NSE SME website.

Jeyyam Global Foods Limited IPO Allotment Status

The allotment date for Jeyyam Global Foods Limited IPO is set for 5th September 2024. Investors who have subscribed to the IPO can check their allotment status on the registrar's website by following these steps:

Navigate to the IPO allotment status page.

Select Jeyyam Global Foods Limited IPO from the dropdown list.

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

Submit the details to view your allotment status.

By using these methods, investors can quickly determine their allotment status and proceed with their investment strategies.

Objectives of Jeyyam Global Foods Limited IPO

The proceeds from the Fresh Issue will be allocated towards the following objectives:

Funding of Working Capital: ₹3,500 Lakhs

Capital Expenditures: ₹1,900 Lakhs

General Corporate Purposes

Jeyyam Global Foods IPO Review

Jeyyam Global Foods has carved a niche in the Chana industry with a legacy of excellence spanning four decades. The company is led by a team of seasoned professionals, including Mr. Amit Agarwal, who has over a decade of experience in the Real Estate Industry and General Trading Industry. Mr. Shripal Veeramchand Sanghvi, a pioneer in the FMCG product segment in South India, has been in the business of Tobacco for over 30 years. Mrs. Sujathaa Mehta, with over a decade of experience in the Apparel and Plastic Manufacturing Industry, has also gained expertise in Chemical Products manufacturing and sustainable energy.

Financially, Jeyyam Global Foods has shown impressive growth. The company's revenue surged from ₹25,388.30 Lakhs in FY22 to ₹38,220.62 Lakhs in FY23 and further increased to ₹62,983.42 Lakhs in FY24. Similarly, EBITDA rose from ₹1,152.19 Lakhs in FY22 to ₹1,700.95 Lakhs in FY23 and currently stands at ₹3,292.30 Lakhs in FY24. Profit After Tax (PAT) also saw a significant increase, from ₹436.80 Lakhs in FY22 to ₹766.80 Lakhs in FY23, reaching ₹1,509.11 Lakhs in FY24. This steady financial performance highlights the company's robust growth trajectory.

For the Jeyyam IPO, the company is offering shares at a pre-issue EPS of ₹4.26 and a post-issue EPS of ₹3.17. The pre-issue P/E ratio stands at 14.31x, while the post-issue P/E ratio is 19.24x, compared to the Industry P/E ratio of 9.80x. The company's Return on Capital Employed (ROCE) for FY24 is 26.27%, and the Return on Equity (ROE) for FY24 is 18.81%. These metrics suggest that the IPO is fairly priced, offering a balance between risk and potential returns.

Given the company's strong financial performance and the valuation of the IPO, the Grey Market Premium (GMP) indicates potential listing gains of 40% - 50%. Therefore, we recommend that Risky Investors consider applying to the Jeyyam Global Foods Limited IPO for potential listing gains or long-term investment purposes.

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