Jay Kailash Namkeen IPO: Check issue size, price band, GMP and other details
IPO of Jay Kailash Namkeen opened for subscription earlier today and will close on April 3. The company aims to raise about Rs 12 crore through the SME IPO and list the shares on the BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Jay Kailash Namkeen
Jai Kailash is engaged in the business of manufacturing packaged Indian snacks. Its snack offerings include Chana Jor Namkeen, Masala Chana Jor, Pudina Chana, Masala Moong Jor, Plain Moong Jor, Soya Sticks among others.
2) Industry overview
The Indian food industry is growing at a CAGR of 11% and the output is projected to reach $535 billion by 2025. The food processing sector will be led by the demand in retail and the rise of health-conscious consumers.
3) Jay Kailash Namkeen IPO size
The IPO is entirely a fresh equity issue of 16.63 lakh shares and through the issue, the company aims to raise Rs 12 crore.
4) Jay Kailash Namkeen IPO price band
The company is offering its shares at Rs 70-73 apiece, and investors can bid for 1,600 shares in 1 lot.
5) Jay Kailash Namkeen IPO financial performance
For the period ended November 2023, the company clocked revenues of Rs 6.4 crore and net profit of Rs 40 lakh.
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6) Objects of the offer
The net proceeds from the public offer will be used for meeting working capital requirements and general corporate purposes.
7) Lead managers and Registrar
Exp
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