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Jeyyam Global Foods Limited produces and processes Bengali chickpeas. The company plans to launch an initial public offering (IPO) to boost funds for its expansion plans. This blog post will provide an overview of the IPO, including its details, financials, highlights, and factors to consider before IPO investment.

Jeyyam Global Foods Private Limited IPO synopsis

Type of issueBook built issue IPO
Issue sizeRs 81.94 crore
Fresh issueRs 73.74 crore
Offer for saleRs 8.19 crore
Offer periodSeptember 2, 2024 - September 4, 2024
Basis of allotmentSeptember 5, 2024
Initiation of refundsSeptember 6, 2024
Jeyyam Global Foods’ IPO date of listingSeptember 9, 2024 
Jeyyam Global Foods IPO price bandRs 59 - Rs 61 per share
Credit of shares to dematSeptember 6, 2024
Minimum lot size1 lot (2000 shares) amounting to Rs 122,000

About Jeyyam Global Foods Limited

Jeyyam Global Foods Limited is a company focused on producing and processing Bengali chickpeas. They offer a range of products, including fried gram and besan flour. Jeyyam Global Foods Limited has a presence across India and exports its offerings.

Jeyyam Global Foods Limited financials

MetricValue
Revenue growth (FY2023 vs FY2024)65%
Profit After Tax (PAT) growth (FY2023 vs FY2024)92%
Market capitalisationRs 289.73 Cr

Jeyyam Global Foods Limited IPO highlights: strengths

  • Established market presence: Jeyyam Global Foods Limited has a well-established presence in the Indian market for its products. This strong market position can provide a stable foundation for future growth.
  • Export potential: The company's export activities can be a significant growth driver, especially considering the rising global demand for pulses.
  • Focus on quality: Jeyyam Global Foods Limited's emphasis on quality control can help it differentiate itself from competitors and command premium pricing for its products.

Jeyyam Global Foods Limited IPO highlights: challenges

  • Competition: The Indian pulse market is highly competitive, with several established players. Jeyyam Global Foods Limited will need to compete effectively in terms of price, quality, and brand recognition.
  • Dependence on raw material prices: The company's profitability is susceptible to changes in the prices of raw chickpeas.
  • Seasonality: The demand for pulses can be seasonal, which can impact the company's revenue stream.

Should you invest in the Jeyyam Global Foods Limited IPO?

The decision to invest in Jeyyam Global Foods Limited's IPO should be based on your individual investment goals, risk tolerance, and overall portfolio diversification. Evaluate Jeyyam Global Foods Limited's growth prospects based on the company's business plan, market trends, and the overall pulse industry outlook. Moreover, consider the overall market conditions and investor sentiment towards the FMCG sector before making your investment decision.

Conclusion

Jeyyam Global Foods Limited's IPO gives an opportunity for investors to partake in the growth of a company operating in the Indian pulse market. However, it is important to conduct thorough research and consider the risks involved before making an investment decision.

FAQs

  1. How can I apply for the Jeyyam Global Foods Limited IPO?

You can apply for the Jeyyam Global Foods Limited IPO through your registered broker or online trading platform.

  1. What are the key factors to consider before investing in the Jeyyam Global Foods Limited IPO?

  • Company fundamentals: Evaluate the company's business model, management team, financial performance, and industry outlook.
  • Market conditions: Assess the overall market sentiment and the performance of similar companies.
  • Risk tolerance: Consider your own risk appetite and whether investing in a newly listed IPO aligns with your investment goals.

  1. Can I sell my Jeyyam Global Foods Limited shares before the lock-in period ends?

The lock-in period for IPO shares varies. Refer to the prospectus for specific Jeyyam Global Foods IPO details on the lock-in period.