Jonjua Overseas IPO – Review, Allotment, Subscription, GMP & DRHP

Jonjua 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.


Jonjua Overseas IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Jonjua Overseas IPO

Jonjua Overseas IPOJonjua 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 / DateQIBNIIRIITotal Subscription
    Day 1: Feb 120.82x0.10x0.46x
    Day 2: Feb 130.82x0.61x0.72x
    Day 3: Feb 140.82x0.76x0.79x
    Day 4: Feb 151.02x1.34x1.18x
    Day 5
    Shares Offered or Net Issue610,000620,0001,230,000

    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.


    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-1831-Mar-17 31-Mar-16 31-Mar-15 
    Total Assets4,72,94,8533,81,25,5243,31,57,4869,15,503
    Total Revenue65,57,35437,31,47331,67,35723,77,199
    Total Expense60,47,57035,26,24929,94,40823,70,757
    Profit After Tax3,18,8372,06,5141,37,9494,499

    Earnings per Equity Share (in Rs.)

    31-Mar-1831-Mar-17 31-Mar-1631-Mar-15 
    Basic & Diluted0.040.090.150.22

    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 EPSRONW (%)NAV (Rs.)
    31-Mar-161.500.43174.31
    31-Mar-170.910.5664.37
    31-Mar-180.410.6933.04
    • Price Earning (P/E) Ratio in relation to the Issue Price of Rs. 36 per share:
    ParticularsP/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 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

    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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