Jeyyam Global Foods Limited, with a legacy of over 40 years in the chana industry, is gearing up for an ₹81.93 Crore IPO scheduled from September 2 to September 4, 2024. The IPO comprises a fresh issue of 120.8 lakh shares priced between ₹59 and ₹61 per share. The shares will be listed on the NSE SME with a tentative listing date of September 9, 2024.

IPO Details
Investors are required to invest in multiples of 2,000 shares, with a minimum investment of ₹122,000 for retail investors and ₹244,000 for High-Net-Worth Individuals (HNIs), who need to purchase 2 lots (4,000 shares). The allotment is expected to be finalized by September 5, 2024.

Lead Managers and Registrar
CORPWIS ADVISORS PRIVATE LIMITED is the book-running lead manager, KFIN TECHNOLOGIES LIMITED is the registrar, and NNM Securities Private Limited will be the Market Maker for the IPO.

Grey Market Premium (GMP)
The Grey Market Premium (GMP) for the Jeyyam Global Foods IPO is anticipated to be between ₹34 and ₹37. This premium reflects speculative market sentiment and potential demand but is not a guarantee of actual listing performance. The GMP suggests a potential listing gain of 55% to 60%.

Live Subscription Status
As of 6:00 PM on September 4, 2024, the IPO has been subscribed 111.17 times, highlighting exceptional investor interest. For real-time subscription updates, visit the Jeyyam Global Foods IPO Live Subscription Status page on NSE.

IPO Allotment Status
The allotment date for Jeyyam Global Foods is September 5, 2024. Investors can check their allotment status by:

Visiting the IPO allotment status page on the registrar's website.

Selecting Jeyyam Global Foods Limited IPO from the dropdown list.

Entering their application number, PAN, or DP Client ID.

Submitting the details to view the allotment status.

Use of IPO Proceeds
The proceeds from the IPO will be utilized as follows:

₹3,500 Lakhs for working capital, supporting the company’s operational needs.

₹1,900 Lakhs for capital expenditures, enabling infrastructure and production enhancements.

General Corporate Purposes, providing flexibility for various corporate needs.

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Company Overview and Financials
Jeyyam Global Foods has established itself as a prominent player in the chana industry, leveraging its extensive experience and setting up one of Asia's largest chana product manufacturing units. The company is led by experienced promoters, including Amit Agarwal, Shripal Veeramchand Sanghvi, and Sujathaa Mehta, who bring diverse expertise in real estate, FMCG, and manufacturing industries.

Financially, Jeyyam Global Foods has shown strong growth, with revenue rising from ₹25,388.30 Lakhs in FY22 to ₹62,983.42 Lakhs in FY24. EBITDA increased from ₹1,152.19 Lakhs in FY22 to ₹3,292.30 Lakhs in FY24, while PAT grew from ₹436.80 Lakhs in FY22 to ₹1,509.11 Lakhs in FY24.

For the IPO, the pre-issue EPS is ₹4.26, and the post-issue EPS is ₹3.17. The pre-issue P/E ratio stands at 14.31x, and the post-issue P/E ratio is 19.24x, compared to the industry P/E ratio of 9.80x. The company’s ROCE for FY24 is 26.27%, and ROE is 18.81%, indicating that the IPO is fully priced.

IPO Valuation
Despite the high GMP and strong subscription numbers, the Jeyyam Global Foods IPO is priced higher than industry averages. However, the company's financial health and growth prospects make it a risky but potentially rewarding investment.

Investment Recommendation
We recommend risk-tolerant investors to consider applying for the Jeyyam Global Foods Limited IPO for potential listing gains and long-term investment. The company’s established track record and strong financials provide a solid foundation, though the high valuation warrants cautious investment.

For the latest updates, check the Jeyyam Global Foods IPO Live Subscription Status and monitor the allotment status on the Registrar’s website after the IPO period.

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