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 ValueRs 10
Cash PriceRs 20
Listing AtBSE SME
Min. Order Quantity6000 Eq Shares
Listing Date19 Apr 2021
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 4.98 Cr
Tick Size1

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 and Masala IPOJetmall 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 / DateNIIRIITotal Subscription
1st Day – 31 March0.14x0.06x0.10x
2nd Day –  1 April0.23x0.10x0.16x
3rd Day –   2 April0.23x0.10x0.16x
4th Day –   5 April0.41x0.25x0.33x
5th Day –   6 April0.84x0.35x0.59x
6th Day –   7 April0.89x0.36x0.62x
Shares Offered or Net Issue1,182,0001,182,0002,364,000

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 FinalizationApr 12, 2021
Refunds InitiationApr 12, 2021
Credit of Shares to Demat AccountApr 15, 2021
Share Listing DateApr 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:

Financial Summary:

Amount (in INR & Lakh)
Sep 20Mar 2031-Mar 19Mar 18
Total Assets602.24885.351,988.591,738.16
*Total Revenue925.903,915.624,344.545,032.61
Total Expense835.983,895.264,320.254,995.98
Profit After Tax64.9214.7717.6125.62

Earnings per Equity Share (in Lakh)

Sep 20Mar 2031-Mar 19Mar 18
Basic  1.850.420.500.73
Diluted1.850.420.500.73

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:

    1. 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
of which:
Issue Reserved for the Market MakersUp 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

AND

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 PublicUp 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

AND

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

Of which:
 Equity Shares outstanding prior to the Issue35,02,900 Equity Shares of face value of Rs. 10.00 each
 Equity Shares outstanding after the IssueUp 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 EPSRONW (%)NAV (Rs.)
31-Mar-200.423.36%14.39
Mar-190.504.15%NA
31-Mar-180.736.29%NA

Jetmall Spices and Masala IPO : Competitive Peers 

The company hasn’t disclosed any information regarding its competitive peers yet.

 

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
Jetmall Spices and Masala Limited10
Listed Peers

Jetmall Spices and Masala IPO Lead Managers

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: smeipo@markcorporateadvisors.com
Website : www.markcorporateadvisors.com
Investor Grievance E-Mail ID: investorgrievance@markcorporateadvisors.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,
Chennai-600 002
Contact Person : Mr. R D. Ramasamy
Tel: (044) 2846 0390/1989
Fax: (044) 2846 0129
E-mail: cameo@cameoindia.com
Website: www.cameoindia.com
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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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