Jonjua Overseas IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Jonjua Overseas Limited Company is engaged in IT enabled services and are certified service providers. Jonjua Overseas IPO comprises Public Issue of 13,00,000 equity shares of face value Rs.10 each .
Let’s have a detailed review of the company and analytics of the Jonjua Overseas IPO release date, IPO offer price, subscription, Jonjua Overseas IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs 10. Check the Live Share Price here Jonjua Overseas Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Jonjua Overseas IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Jonjua Overseas IPO
Jonjua Overseas Limited Company is engaged in IT enabled services and are certified service providers to their global clients of IT Solution & Business Services which includes Startup consultancy, Outsourcing Services that includes Import and Export Consultancy, International Project Finance and IPO, Legal and Accounts Outsourcing, Digital Solutions includes Website and Software Development and Cross Border Marketing, Brand Building and Business Plan service provider to their clients . Jonjua Overseas IPO comprises Public Issue of 13,00,000 equity shares of face value Rs.10 each .
From FY 2013-14 to FY 2016-2017, as per the Restated Financial Statements,
- The Net Worth of the Company is Rs. 4,72,94,853.
- The Net Asset Value per Equity Share of Rs. 10 of the Company .
The Promoters of this company are Major Harjinder Singh Jonjua (Retd.), Mrs. Maninder Kaur Jonjua, Mr. Harmanpreet Singh Jonjua, Mrs. Ranbir Kaur Jonjua & H S Jonjua & Sons .The lead manager to the issue are Finshore Management Services Limited and the Registrar to this issue is Satellite Corporate Services Private Limited .
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Jonjua Overseas IPO Date
The opening and the closing date of Jonjua Overseas IPO is 12 Feb 2019 to 15 Feb 2019.
Jonjua Overseas IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1: Feb 12 | – | 0.82x | 0.10x | 0.46x |
| Day 2: Feb 13 | – | 0.82x | 0.61x | 0.72x |
| Day 3: Feb 14 | – | 0.82x | 0.76x | 0.79x |
| Day 4: Feb 15 | – | 1.02x | 1.34x | 1.18x |
| Day 5 | – | – | – | – |
| Shares Offered or Net Issue | – | 610,000 | 620,000 | 1,230,000 |
The shares subscribed by the public will be updated here.
Jonjua Overseas IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Jonjua Overseas IPO Price Band
The face value of each share is Rs 10, and the offer price of the IPO is Rs 10.
Jonjua Overseas IPO Equity Share Offering
The Offer comprises Public Issue of 13,00,000 equity shares of cash price Rs.10 each, aggregating up to Rs. 1.30 Crores.
Net Issue to the Public: Upto 12,30,000 Equity Shares of Rs. 10/- each fully paidup of our Company for cash at a price of Rs.10/- each Equity Share aggregating to Rs.123.00 Lakhs.
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Jonjua Overseas Limited – Company Overview
Jonjua Overseas Limited Company is engaged in IT enabled services and are certified service providers to their global clients of IT Solution & Business Services which includes Startup consultancy, Outsourcing Services that includes Import and Export Consultancy, International Project Finance and IPO, Legal and Accounts Outsourcing, Digital Solutions includes Website and Software Development and Cross Border Marketing, Brand Building and Business Plan service provider to their clients . Jonjua Overseas IPO comprises Public Issue of 13,00,000 equity shares of face value Rs.10 each .
With the right balance of technical expertise and vast industry knowledge we strive to create customer satisfaction considering the nature of work with an innovative approach maintaining integrity and confidentiality of the business. Currently, the Company are mainly engaged in Outsourcing Services ofoverseas clients. It has their office, located in Mohali, Punjab.
They have a dedicated and talented team of professionals that comprise of experienced personals in the field of our service. They are committed to satisfying customer needs by supplying services on time and continuously improving our systems and services. They provide a comprehensive range of services to clients in each of our focus industries overseas primarily located in North America and Africa
The Company is promoted by Major Harjinder Singh Jonjua (Retd.),Mrs. Maninder Kaur Jonjua, Mr. Harmanpreet Singh Jonjua, Mrs. Ranbir Kaur Jonjua & H S Jonjua & Sons and are the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Jonjua Overseas Limited :
- Experienced Promoters supported by our professional and experienced management
- Established Brand
- Dedicated Workforce:
- Cordial relationship with Clients
- Extensive range of Service Issuing.
Business strategies of Jonjua Overseas Limited :
- Enhancement of Brand Recognition
- Continue to enter and expand our business in international market:
- Growing our existing client relationships
- Pursue strategic acquisitions
Jonjua Overseas 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:
| Amount (in Rs.) | ||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Total Assets | 4,72,94,853 | 3,81,25,524 | 3,31,57,486 | 9,15,503 |
| Total Revenue | 65,57,354 | 37,31,473 | 31,67,357 | 23,77,199 |
| Total Expense | 60,47,570 | 35,26,249 | 29,94,408 | 23,70,757 |
| Profit After Tax | 3,18,837 | 2,06,514 | 1,37,949 | 4,499 |
Earnings per Equity Share (in Rs.)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Basic & Diluted | 0.04 | 0.09 | 0.15 | 0.22 |
From the above statements, one could find that the Jonjua Overseas Limited may perform well.
Jonjua Overseas IPO – Promoters
The Promoters of this company are:
- Major Harjinder Singh Jonjua (Retd.)
- Mrs. Maninder Kaur Jonjua,
- Mr. Harmanpreet Singh Jonjua,
- Mrs. Ranbir Kaur Jonjua &
- H S Jonjua & Son
List of Related Parties (Key Managerial Personnel)
- Major Harjinder Singh Jonjua (Retd.)
- Maninder Kaur Jonjua
- Ranbir Kaur Jonjua
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Jonjua Overseas IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Issued: Public Issue of Equity Shares by the Company |
Upto 13,00,000 Equity Shares of Rs. 10/- each fully paidup of our Company for cash at a price of Rs.10/- each Equity Share aggregating to Rs.130.00 Lakhs. |
| of which | |
| Issue Reserved for the Market Makers | Upto 70,000 Equity Shares of Rs. 10/- each fully paid-up of our Company for cash at a price of Rs. 10/- each Equity Share aggregating to Rs.7.00 Lakhs. |
| Net Issue to the Public* | Upto 12,30,000 Equity Shares of Rs. 10/- each fully paidup of our Company for cash at a price of Rs.10/- each Equity Share aggregating to Rs.123.00 Lakhs. |
| Of which | |
| 6,20,000 Equity Shares of Rs. 10/- each fully paid-up of our Company for cash at a price of Rs.10/- each Equity Share aggregating to Rs.62.00 Lakhs. | |
| 6,10,000 Equity Shares of Rs. 10/- each fully paid-up of our Company for cash at a price of Rs.10/- each Equity Share aggregating to Rs. 61.00 Lakhs. | |
| Equity Shares outstanding prior to the Issue |
34,36,253 Equity Shares of Rs. 10/- each |
| Equity Shares outstanding after the Issue |
47,36,253 Equity Shares of Rs. 10/- each |
Jonjua Overseas IPO Issue Object
These are the IPO Issue Objects of the company
- To Meet working capital requirement;
- To meet the Issue Expenses;
- To meet General corporate purpose
Jonjua Overseas 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:
- Experienced Promoters supported by our professional and experienced management
- Established Brand
- Dedicated Workforce:
- Cordial relationship with Clients
- Extensive range of Service Issuing:
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 1.50 | 0.43 | 174.31 |
| 31-Mar-17 | 0.91 | 0.56 | 64.37 |
| 31-Mar-18 | 0.41 | 0.69 | 33.04 |
- Price Earning (P/E) Ratio in relation to the Issue Price of Rs. 36 per share:
| Particulars | P/E ratio |
| P/E ratio based on the Basic & Diluted EPS for the period ended march 31, 2018 | 241.57 |
Jonjua Overseas IPO Lead Managers
| Lead Managers |
| Finshore Management Services Limited Anandlok, Block – A, 2nd Floor, Room No.207 227, A.J.C. Bose Road, Kolkata – 700 020, West Bengal – India Tel. No.:+91 33-22895101/9920379029 Fax No.:+91 33-22895101 SEBI Registration No: INM000012185 Email:info@finshoregroup.com Website: www.finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar |
Jonjua Overseas IPO Registrar to offer
| Registrar to the Offer |
| Satellite Corporate Services Private Limited Unit. No 49, Building No. 13 AB, 2nd Floor, Samhita Commercial Co-Op Society Ltd, Off Andheri Kurla Road, MTNL Lane, Saki naka, Mumbai – 400 072, Maharashtra, India. Tel. : +91-22- 28520461/462, Fax:+91-22- 28511809 SEBI Registration No: INR000003639 Email Id: service@satellitecorporate.com Website:www.satellitecorporate.com Contact Person: Mr. Michael Monteiro |
Other Details:
- Statutory Auditor – Jain & Associates, Chartered Accountants
- Peer Review Auditor – Jain & Associates, Chartered Accountants
- Bankers to the Company – Karnataka Bank Limited
Jonjua Overseas IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Jonjua Overseas IPO Grey Market Premium
The Jonjua Overseas 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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Jonjua Overseas IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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