Jetmall Spices and Masala IPO – Review, Allotment, Subscription, GMP & DRHP
Let’s have a detailed review of the company and analytics of the Jetmall Spices and Masala IPO release date, IPO offer price, subscription, Jetmall Spices IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
|Face Value||Rs 10|
|Cash Price||Rs 20|
|Listing At||BSE SME|
|Min. Order Quantity||6000 Eq Shares|
|Listing Date||19 Apr 2021|
|Offer for Sale||Rs Lakh|
|Fresh Issue||Rs Lakh|
|IPO Size||Rs 4.98 Cr|
Jetmall Spices and Masala IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
|Live Performance – Jetmall Spices and Masala Share Price|
Jetmall Spices and Masala IPO – Summary
Jetmall Spices & Masala Limited is incorporated to carry on trading and marketing of food products, ready to eat foods, food grains, spices, dry fruits, nuts, ready to cook foods, food ingredients, processed foods, food stuffs and other consumable provisions of every description for human consumption in addition to Retailing of these products.
The company is into Trading and marketing of Spices, Masalas and Dry fruits. Jetmall Spices & Masala Limited plans to open Ten Retail Outlets with all facilities for selling spices, dry fruits & nuts and to adopt several new technologies and emerge as a renowned brand in the epoch of packaged spices & dry fruits.
The Promoter of this company is Mr. MR.BHARAT KUMAR PUKHRAJJI. The lead manager to the issue is MARK CORPORATE ADVISORS PRIVATE LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.
Jetmall Spices and Masala IPO Date
The opening and the closing date of IPO of Jetmall Spices and Masala Limited is Mar 31, 2021 to Apr 7, 2021 .
Jetmall Spices and Masala Limited IPO Subscription
|Day / Date||NII||RII||Total Subscription|
|1st Day – 31 March||0.14x||0.06x||0.10x|
|2nd Day – 1 April||0.23x||0.10x||0.16x|
|3rd Day – 2 April||0.23x||0.10x||0.16x|
|4th Day – 5 April||0.41x||0.25x||0.33x|
|5th Day – 6 April||0.84x||0.35x||0.59x|
|6th Day – 7 April||0.89x||0.36x||0.62x|
|Shares Offered or Net Issue||1,182,000||1,182,000||2,364,000|
The shares subscribed by the public will be updated here.
Jetmall Spices and Masala IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
Jetmall Spices and Masala Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
|Basis of Allotment Finalization||Apr 12, 2021|
|Refunds Initiation||Apr 12, 2021|
|Credit of Shares to Demat Account||Apr 15, 2021|
|Share Listing Date||Apr 19, 2021|
Jetmall Spices and Masala IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs. 20.
Jetmall Spices and Masala IPO Equity Size
This Initial Public Issue of 24,90,000 Equity Shares of Rs.10 each for cash at a price of Rs. 20 per equity share aggregating to Rs.4.98 Cr.
Jetmall Spices and Masala IPO Share Offering
Net Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.
Issue Size: 24,90,000 Equity Shares of Rs.10 each, aggregating to Rs.4.98 Cr.
Jetmall Spices and Masala IPO – Live Performance
The listing date of this IPO is Apr 19, 2021 . You can check the live performance of the IPO here, only after it is listed on exchanges.
|Live IPO Performance – Jetmall Spices and Masala Share Price|
Jetmall Spices and Masala IPO Grey Market Premium
The Jetmall Spices and Masala Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Jetmall Spices and Masala IPO – Company Overview
Their Company is into Trading and marketing of Spices, Masalas and Dry fruits. The company import spices and supply in India in bulk quantities. Their major imports are from Vietnam, Sri lanka, Indonesia, etc. They are prominently indulged in wholesaling of superior quality Spices, masalas and dry fruits.
Jetmall Spices are B2B traders, highly specialized in Masala, Spices & Dry fruits. They maintain stocks and distribute them to different institutional parties like Masala manufacturers, Exporters, etc. and provide them in bulk quantities.
Also provide to retail stores in bulk quantities in their brand name and thereafter they repack and sell in their own brands. They are the top rated dealers when it comes to spices due to their uncompromising quality supplies. Their core strength is Loyal Customers, Dedicated Team, Excellent Quality Products, Strong Resources, Marketing Network & Prompt Delivery.
Their Company is promoted by Mr. Bharat Kumar Pukharajji. He is the guiding force behind the growth of the Company and possesses more than two decades of experience in the trading & retailing. He is also associated with the Company since incorporation. With his dedication and commitment along with support of their key management personnel and dedicated employee base, their Company has shown an increasing trend in their business operations. They believe that their market position has been achieved by adherence to the vision of their Promoter and senior management and their experience.
They value their customers and aim to exceed customer expectations by fulfilling valuable commitments. Their customer oriented approach and cordial relations with them are the key strengths of the company. They aim to provide cost effective solutions available while adhering to the quality standards of the services.
Jetmall Spices and Masala IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
|Amount (in INR & Lakh)|
|Sep 20||Mar 20||31-Mar 19||Mar 18|
|Profit After Tax||64.92||14.77||17.61||25.62|
Earnings per Equity Share (in Lakh)
|Sep 20||Mar 20||31-Mar 19||Mar 18|
The operating income of the Company for theyear ending March 31, 2020 is Rs 3913.95 Lakhs as compared to Rs 4343.94 Lakhs for the year ending March 31, 2019, showing decrease of 9.90 % and such decrease/ is due to the fluctuation in the market demand.
The other income increased from Rs 0.60 Lakhs to Rs 1.67 Lakhs.in FY 2019-20. This was primarily due to interest earned on deposits.
Jetmall Spices & Masala Ltd IPO – Promoters
The Promoter of this company is:
- Mr. BHARAT KUMAR PUKHRAJJI
List of Related Parties (Key Managerial Personnel)
- Mr. Bharat Kumar Pukharajji (Managing Director)
- Jatin Pandya (CFO and Director)
- Sheethal Jayandra Mehta (Company Secretary & Compliance Officer)
Competitive Strengths of Jetmall Spices and Masala Limited
- Quality Transparency Marquee Clientele
- Long Standing Relationship With Clients
- Modern Techniques And Innovation
- Experienced And Professional Team
- State Of The Art Infrastructure Facility & Advanced Machinery
- Focussed Presence And A Healthy Order Book
Jetmall Spices IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to 24,90,000 Equity Shares of face value of Rs.10.00 each for cash at a price of Rs.20.00 per Equity Share aggregating to Rs.498.00 lakhs|
|Issue Reserved for the Market Makers||Up to 1,26,000 Equity Shares of face value of Rs.10.00 each for cash at a price of Rs 20.00per Equity Share aggregating to Rs.25.20 lakhs|
Up to 23,64,000 Equity Shares of face value of Rs.10.00 each for cash at a price of Rs. 20.00 per Equity Share aggregating to Rs.472.80lakhs
|Net Issue to the Public||Up to 11,82,000 Equity Shares of Rs.10.00each for cash at a price of Rs. 20.00per Equity Share will be available for allocation for Investors of up to Rs. 2.00 lakhs|
Up to 11,82,000 Equity Shares of Rs.10.00 each for cash at a price Rs. 20.00 per Equity Share will be available for allocation for Investors of above Rs. 2.00 lakhs
|Equity Shares outstanding prior to the Issue||35,02,900 Equity Shares of face value of Rs. 10.00 each|
|Equity Shares outstanding after the Issue||Up to 59,92,900 Equity Shares of face value of Rs. 10.00each|
Jetmall Spices IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Setting up of Ten (10) new Retail Outlets
2. To meet the Working Capital Requirements
3. General Corporate Purposes and to meet the Expenses of the Issue
Business strategies of Jetmall Spices and Masala Limited
- Capacious warehouse
- Trust partner
- Premium quality material
- Timely delivery
- Negotiable & Favorable pricing
- Customization package
- Client oriented approach
- Professional management & dedicated staff
Jetmall Spices IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
1.) Quality of Service
2.) Transparency in dealings with clients
3.) Professional and experience work force
The relevant quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Jetmall Spices and Masala IPO : Competitive Peers
The company hasn’t disclosed any information regarding its competitive peers yet.
|Face Value (Rs.)||P/E||EPS (Rs.)||Return on Net Worth (%)||Total Income (Rs. in Crores)|
|Jetmall Spices and Masala Limited||10|
Jetmall Spices and Masala IPO Lead Managers
|MARK CORPORATE ADVISORS PRIVATE LIMITED|
404/1,The Summit Business Bay, Sant Janabai Road (Service Lane),
Off W. E Highway, Vile Parle (East), Mumbai-400 057.
Contact Person: Mr. Manish GaurTel. No.: +91 22 2612 3207/08
E-Mail ID: firstname.lastname@example.org
Website : www.markcorporateadvisors.com
Investor Grievance E-Mail ID: email@example.comSEBI
Regn No.: INM000012128
Jetmall Spices and Masala IPO Registrar to offer
|Registrar to the Offer|
|CAMEO CORPORATE SERVICES LIMITED,|
Subramanian Building No. 1,Club House Road,
Contact Person : Mr. R D. Ramasamy
Tel: (044) 2846 0390/1989
Fax: (044) 2846 0129
SEBI Regn No: INR000003753
Jetmall Spices and Masala IPO – Other Details
- Statutory Auditor – M/s SURESH KUMAR & CO
- Legal Counsel to the Company – MEHTA AND MEHTA LAW FIRM
- Bankers to the Company – KOTAK MAHINDRA BANK
Jetmall Spices and Masala Limited IPO Review by Top 10 Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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