No.37 (Old No.19),
Padmavathiyar Road,
Gopalapuram, Chennai � 600 086
Phone: 044-4505 4101
Email: info@jeyyamfoods.in
Website: http://www.jeyyamfoods.com/
Last updated on 04-Sep-2024 19:14:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 2604000 | 142230000 | 54.62 |
| NIB | 1914000 | 616640000 | 322.17 |
| RETAIL | 4466000 | 314908000 | 70.51 |
| Total | 8984000 | 1073778000 | 119.52 |
| Retail Apps | 157454 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹26.38 | @8% ₹30.15 | @9% ₹33.92 | @10% ₹37.69 | @11% ₹41.46 | @12% ₹45.23 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 122000 | 2233 |
| HNI | 2 | 4000 | 244000 | 957 |
Jeyyam Global Foods IPO Details
| Issue Size | 13,432,000 shares (aggregating up to ₹81.94 Cr) |
| Fresh Issue | 12,088,800 shares (aggregating up to ₹73.74 Cr) |
| Offer for Sale | 1,343,200 shares of ₹5 (aggregating up to ₹8.19 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 35,407,956 |
| Share holding post issue | 47,496,756 |
| Market Maker portion | 672,000 shares Nnm Securities |
Jeyyam Global Foods IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 18.81% | 12.08% | 7.63% |
| ROCE | 26.27% | 15.22% | 13.36% |
| RONW | 18.81% | 7.63% | 11.14% |
| D/E | 1.2 | 1.42 | 0.58 |
| EPS | 4.26 | 2.22 | 1.42 |
| P/E Pre IPO | 14.31 | ||
| P/E Pre IPO | 19.2 |
Company Financials
Jeyyam Global Foods Limited Financial Information (Restated)
Jeyyam Global Foods Limited's revenue increased by 65% and profit after tax (PAT) rose by 92% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 19,226.39 | 16,835.02 | 9,941.17 | |||||||||||||||||||||||||||
| Revenue | 62,983.42 | 38,220.62 | 25,388.3 | |||||||||||||||||||||||||||
| Profit | 1,509.11 | 786.8 | 436.8 | |||||||||||||||||||||||||||
| Net Worth | 8,022.42 | 6,513.6 | 5,726.51 | |||||||||||||||||||||||||||
| Reserves | 6,252.02 | 6,452.26 | 5,665.46 | |||||||||||||||||||||||||||
| Borrowing | 9,620.5 | 9,226.05 | 3,319.3 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Company
Founded in 2008 and formerly known as Kichoni Online Services Private Limited, Jeyyam Global Foods Limited specializes in the production and processing of Bengali chickpeas (chana), fried gram, and besan flour. The company serves a broad market, including distributors, large retailers, hotels, restaurants, caterers, branded supermarkets, and wholesalers. Jeyyam Global Foods operates with a commitment to quality, holding FSSAI licenses for its Ammalamudugu and Devattipatti factories, and adhering to ISO 9001:2015 and ISO 22000:2018 standards at both locations. The Salem factory is also ISO certified. The company's diverse product range features Jeyyam fried gram (split and whole), Standard fried gram (split and whole), Jeyyam gram flour, Leader gram flour, and Ponni gram flour. As of March 31, 2024, Jeyyam Global Foods employs 155 permanent staff members, underscoring its role as a significant player in the food processing industry.
Strength
Experienced Management and Skilled Team: Jeyyam Global Foods boasts a seasoned management team and a skilled procurement and supply chain staff, ensuring efficient production and distribution processes.
Diverse B2B Customer Base: The company serves a broad range of B2B clients, including supermarkets, wholesalers, retailers, restaurants, hotels, caterers, institutions, and importers, reflecting its strong market presence.
Advanced Manufacturing Technologies: Jeyyam Global Foods utilizes state-of-the-art manufacturing technologies, enhancing product quality and operational efficiency.
Weakness
High Dependency on Core Products: The Company relies heavily on chana and related products, with these items constituting 72% - 98% of revenue over recent fiscal years. Any disruption in demand or quality issues could negatively affect the business.
Regional Concentration: Jeyyam Global Foods' sales are concentrated in Tamil Nadu and Karnataka. Adverse developments in these regions could significantly impact the company's financial performance and operations.
Customer Concentration: The Company depends on a few major customers for a significant portion of its revenue. Loss of any key customer could adversely affect financial results and overall business stability.