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Jeyyam Global Foods IPO
Jeyyam Global Foods Ltd
₹1,18,000 /2000 sharesMinimum Investment
Jeyyam Global Foods IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 2 Sep ‘24 - 4 Sep ‘24 | ₹1,18,000 | 2,000 | ₹59 - ₹61 |
| Issue Size | IPO Doc |
|---|---|
| 81.94Cr | RHP PDF |
Subscription rate
As of 04 Sep'24, 03:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 44.36x |
About Jeyyam Global Foods
Founded in
2008
Managing director
Mr. Amit Agarwal
Parent organisation
Jeyyam Global Foods Ltd
Strengths & Financials of Jeyyam Global Foods
Strengths
Risks
Jeyyam Global Foods has a Food Safety and Standards Authority of India (FSSAI) license for both its factories.
The company’s manufacturing facilities are fully automated and feature soft-touch technology. This technology helps in producing hygienic products with minimal human intervention. With this method, the nutrient content of the products is retained.
The company has seen a consistent increase in revenue from operations. It increased from Rs 244.46 crore in FY21 to Rs 253.88 crore in FY22 to Rs 382.17 crore in FY23. Profit after tax (PAT) increased from Rs 3.47 crore in FY21 to Rs 4.37 crore in FY22 to Rs 7.87 crore in FY23.
The company's line of business is the manufacturing and processing of a single product – chana, and products related to it. These products accounted for 98%, 72%, 96%, and 93% of the revenue from operations in the eight months ended November 30, 2023; FY23; FY22; and FY21, respectively. Any loss of demand, decline in quality, or change in customer preferences for these products could adversely impact the company’s business operations and financial standing.
Tamil Nadu accounted for 92% of its sales in FY23, 94% in FY22, and 95% in FY21, and Karnataka accounted for 7% in FY23 and 5% in both FY22 and FY21. Any adverse developments in the business environments of either or both of these states could hurt the company and its financial condition.
The company and its directors are involved in certain legal proceedings. Any adverse judgments in any of these cases could negatively impact the company’s business prospects.
The company has secured borrowings amounting to Rs 94.83 crore and unsecured borrowings of Rs 2.87 crore. Any inability to service or repay these loans on time could negatively impact the company’s business.
The company has had negative cash flows in the past. Any repeat of this in the future could be detrimental to its operations.
The company’s trade receivable days have increased from 15 as of March 2023 to 20 as of November 2023, and the working capital cycle days have increased from 42 as of March 2023 to 51 as of November 2023.
Jeyyam Global Foods Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Jeyyam Global Foods IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹59 - 61 | ₹2 - 5 Lakh |
| High Networth Individual | ₹59 - 61 | ₹2 - 5 Lakh |
For Jeyyam Global Foods IPO, eligible investors can apply as Regular.