Jiya Eco India IPO Dates, Size, Allotment, Bid Details, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Jiya Eco India IPO release date, IPO offer price, subscription, Jiya Eco India IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Jiya Eco India IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.5/10 |
| Industry Ranking | 7.1/10 |
| Company Background | 7.3/10 |
| Company Reputation | 7.2/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.1/10 |
| Popularity Index | 7.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.1/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 7.4/10 |
| Star Ratings | ★★★★☆ |
Summary of Jiya Eco India IPO
Incorporated in 2016, they are an ISO 9001:2015 certified company, engaged in the trading business of biofuel viz. bio-pellets, which is used as fuel in boilers, furnaces, burners, and stoves for generating heat in various industrial, commercial and residential units.
Bio-Pellets are procured by them from their parent Company, Jiya Eco-Products Limited, a BSE listed entity, which has its manufacturing facility located in Navagam(Bhavnagar), Gujarat. Currently, they offer pellets to entities engaged in manufacturing of food products (such as bakery items, sweets, snacks, etc.), caterers, restaurants, and other entities which are engaged in trading of pellets.
They also provide burners and stoves to the Customers for a specific period (generally 3 years) without any charge, on a condition that such customers will have to purchase specified volume of pellets from them for an agreed period. They take a specific amount (between Rs. 10,000 to 50,000) as security deposit from the customers requiring burners/ stoves, which is refunded back to them after the agreement period is over.
The Promoters of this company are Mr. Bhavesh Jivrajbhai Kakadiya and Mr. Yogeshkumar Chimanlal Patel. The lead manager to the issue is Hem Securities Limited and the Registrar to this issue is Bigshare Services Private Limited.
From FY 2016-17 to FY 2018-19, as per the Restated Financial Statements
As per Restated Financial statements for the period ended 2019, 2018 and 2017, their total revenues were Rs. 4313.69 lakhs, Rs. 2229.21 lakhs and Rs. 348.58 lakhs, respectively. Their Profit after Tax for the similar period mentioned above was Rs. 426.77 lakhs, Rs. 106.21 lakhs and Rs. 11.01 lakhs, respectively.
Jiya Eco India IPO Date
The opening and the closing date of Jiya Eco India IPO is not known yet.
Jiya Eco India IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| 4th Day – | ||||
| 5th Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Jiya Eco India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Jiya Eco India IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Jiya Eco India IPO Equity Share Offering
Issue of 24,96,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.
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Jiya Eco India Limited – Company Overview
The Company was incorporated under its present name ‘Jiya Eco India Limited’ as a public limited company under the Companies Act, 2013 pursuant to the certificate of incorporation dated August 12, 2016 issued by Registrar of Companies, Central Registration Centre. The Corporate Identity Number of the Company is U40106GJ2016PLC093343.
Business strategies of Jiya Eco India Limited
- Focus on entering into new markets
- To expand our existing Client base
- Continuously holding market trends
- Supply of Quality Products
- Fulfillment of Order in a timely manner
- Adapting to market dynamics
Jiya Eco India Limited – 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 of Jiya Eco India IPO
On the basis of Standalone statement:-
| Amount (in INR & lakhs) | |||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 3063.29 | 1935.53 | 319.55 |
| Total Revenue | 4302.17 | 2218.44 | 348.58 |
| Total Expense | 3707.46 | 2064.46 | 333.38 |
| Profit After Tax | 426.77 | 106.21 | 11.01 |
Earnings per Equity Share (in lakhs)
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 6.28 | 1.86 | 0.59 |
From the above statements, one could find that the Jiya Eco India Limited may perform well.
Jiya Eco India IPO – Promoters
The Promoter of this company is:
- Mr. Bhavesh Jivrajbhai Kakadiya
- Mr. Yogeshkumar Chimanlal Patel
List of Related Parties (Key Managerial Personnel)
- Mr. Yogeshkumar Chimanlal Patel – Chairman & Managing Director
- Mr. Vipul S. Vora – CFO
- Ms. Akanksha Akhilesh Srivastava – Company Secretary & Compliance Officer
Interest in promotion of the Company
The Promoters are interested in the promotion of the Company and also to the extent of their shareholding, from time to time, for which they are entitled to receive a dividend payable if any, and other distribution in respect of the Equity Shares held by them.
Property Interest
The Promoters do not have any other interest in any property acquired by the Company in a period of two years before the filing of this Draft Prospectus or proposed to be acquired by them as on date of filing the Draft Prospectus with RoC.
Interest in Intellectual Rights of the Company
They may not be able to detect any unauthorized use or their efforts to protect their intellectual property may not be adequate and may lead to erosion of their business value and their operations could be adversely affected. They may need to litigate in order to determine the validity of such claims and the scope of the proprietary rights of others.
Jiya Eco India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 24,96,000 Equity Shares of M 10 each for cash at a price of M [●] per share aggregating M [●] lakhs. |
| Of which: | |
| Reserved for Market Makers | Upto [●] Equity Shares of M 10 each for cash at a price of M [●] per share aggregating M [●] lakhs |
| Net Issue to the Public | Upto [●] Equity Shares of M 10 each for cash at a price of M [●] per share aggregating M [●] lakhs |
| Of which: | |
| Retail Investors Portion | Upto [●] Equity Shares of M 10 each at a price of M [●] per Equity Share will be available for allocation for Investors of up to M [●] lakhs |
| Non-Retail Investors Portion | Upto [●] Equity Shares of M 10 each at a price of M [●] per Equity Share will be available for allocation for Investors of up to M [●] lakhs |
| Equity Shares outstanding prior to the Issue | 67,96,000 Equity Shares |
| Equity Shares outstanding after the Issue | Upto 92,92,000 Equity Shares |
Jiya Eco India IPO Issue Object
These are the IPO Issue Objects of the company
- To purchase bio-pellet burner machines
- General Corporate Purpose
- To meet Issue Expenses
Jiya Eco India 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:
- Eco- friendly product
- Eminent Business Model
- Experienced Promoter and Management team
- Quality assurance
The relevant quantitative factors are:
On the basis of standalone statement:-
| Basic & Diluted EPS | RONW | NAV (Rs.) | |
| 31-Mar-19 | 6.28 | 51.64% | 24.32 |
| 31-Mar-18 | 1.86 | 26.58% | – |
| 31-Mar-17 | 0.59 | 16.09% | – |
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
| Particulars | P/E ratio |
| Highest | 15.65 |
| Average | 15.65 |
| Lowest | 15.65 |
- Competitive Peers: They believe that except for Jiya Eco-Products Limited, there are no other listed Companies engaged in a similar business of marketing and trading of bio pellets.
Jiya Eco India IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000Fax No.: +91- 022- 22625991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person: Mr. Anil Bhargava SEBI Regn. No. INM000010981 |
Jiya Eco India IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200Fax No.: +91-022-62638299 Website:www.bigshareonline.com Email:ipo@bigshareonline.com Contact Person: Mr. Ashok Shetty SEBI Regn. No.: INR000001385 |
Jiya Eco India IPO Other Details:
- Statutory Auditor – M/s Philip Fernandes & Co. Chartered Accountants
- Peer Review Auditor – NA
- Bankers to the Company – NA
Jiya Eco India IPO Grey Market Premium
The Jiya Eco India IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Jiya Eco India IPO News
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