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

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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

 


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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:
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:
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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