JSK Marketing IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the JSK Marketing IPO release date, IPO offer price, subscription, JSK Marketing IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
JSK Marketing Limited is a product marketing company involved in the trading and distribution of various products in multiple verticals such as digital consumer electronics, apparels, garments, fabrics and textiles / fashion & lifestyle, batteries & torches, white goods, office electronics, household items and agro & other commodities. 
JSK Marketing 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 JSK Marketing IPO
JSK Marketing Limited is a product marketing company involved in the trading and distribution of various products in multiple verticals such as digital consumer electronics, apparels, garments, fabrics and textiles / fashion & lifestyle, batteries & torches, white goods, office electronics, household items and agro & other commodities. Initial public offering of Upto 56,04,000 Equity Shares, aggregating up to Rs. [●] Lakhs.
From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,
- The revenue from operations have increased from Rs. 34,285.10 lakhs in the F. Y. 2015-16 to Rs. 57,708.90 lakhs in the F. Y. 2016-17 and further to Rs. 71,484.40 lakhs in the F. Y. 2017-18, showing an increase of 68.32% and 23.87% for the respective periods.
- The net asset value per Equity Share was Rs. 63.18 and Rs. 326.19 as of Sept 30, 2018 and March 31, 2018, respectively, as per the Restated Financial Statements.
- Between F. Y. 2015-16 and F. Y. 2017-18, the total revenue grew at a CAGR of 27.75% from Rs. 34,285.10 lakhs for F. Y. 2015-16 to Rs. 71,484.40 lakhs for F. Y. 2017-18, EBITDA grew at a CAGR of 47.03% from Rs. 2,327.83 lakhs for F. Y. 2015-16 to Rs. 7,398.51 lakhs for F. Y. 2017-18 and the PAT grew at a CAGR of 50.91% from Rs. 924.08 lakhs for F. Y. 2015-16 to Rs. 3,175.98 lakhs for F. Y. 2017-18.
- Net Profit after tax for the above mentioned periods are Rs. 924.08 lakhs, Rs. 2,148.88 lakhs and Rs. 3,175.98 lakhs, respectively. The Revenue & Net Profit for the period ended September 30, 2018 are Rs. 53919.11 lakhs and Rs. 1,397.42 lakhs respectively.
The Promoter of this company is Mr. Kunal Jiwarajka. The lead manager to the issue is Aryaman Financial Services Limited and the Registrar to this issue is Bigshare Services Private Limited.
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JSK Marketing IPO Date
The opening and the closing date of JSK Marketing IPO is not known yet.
JSK Marketing IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 | ||||
| Day 2 | ||||
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| Day 5 | ||||
| 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.
JSK Marketing IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
JSK Marketing IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
JSK Marketing IPO Equity Share Offering
Upto 56,04,000 Equity Shares, aggregating up to Rs. [●] Lakhs
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JSK Marketing Limited – Company Overview
JSK Marketing Limited is a product marketing company involved in the trading and distribution of various products in multiple verticals such as digital consumer electronics, apparels, garments, fabrics and textiles / fashion & lifestyle, batteries & torches, white goods, office electronics, household items and agro & other commodities.
JSK Marketing Limited is engaged in a broad based distribution model, based on multiple products and multi-brand strategy. The focus is to establish themselves and capture a considerable market share in each of the product categories. This helps to spread the market risks arising out of fluctuation in the market shares of various brands besides helping us to achieve economies of scale.
Also, their Company is engaged in trading activities for various products, branded & local and industrial & consumer products. In the year 2008, the Company has developed and registered an in-house brand for various products like torches and shoes known as “Tigon”. The products under this brand are outsourced and manufactured by 3rd party manufacturers, who supply the finished goods to us for marketing and selling.
Competitive Strengths of JSK Marketing Limited :
- Management Expertise
- Wide Distribution Network & Geographical Reach
- Renowned Brand Agreements
- Established Marketing Set-up and Diversified Customer Base
- Wide range of products
- Long Standing Track Record with Banks & FIs
- High Entry Barriers
- Scalable Business Model
Business strategies of JSK Marketing Limited :
- Continue to develop customer relationships
- Augment the fund based capacities in order to scale up business operations
- Increase their product range and brand partners
- Increase High Margin Distribution
- Increase Geographical Presence
JSK Marketing 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 INR & lakhs) | ||||
| 30-Sept-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 53,334.17 | 44,731.01 | 33,492.46 | 14,498.60 |
| Total Revenue | 53,969.81 | 71,749.09 | 57,821.80 | 34,387.60 |
| Total Expense | 51,896.63 | 67,230.48 | 54,516.72 | 32,956.00 |
| Profit After Tax | 1,397.42 | 3,175.98 | 2,148.88 | 924.08 |
Earnings per Equity Share (in lakhs)
| 30-Sept-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 9.48 | 21.27 | 15.23 | 7.46 |
From the above statements, one could find that the JSK Marketing Limited may perform well.
JSK Marketing IPO – Promoters
The Promoter of this company is: Mr. Kunal Jiwarajka
List of Related Parties (Key Managerial Personnel)
- Mr. Virendra Rai- Chief Financial Officer (CFO)
- Ms. Anupkumari Shukla
- Mr. Narendra Sharma
- Ms. Pushpa Pal
- Mr. Irfan Sayed
- Mr. Ajay Dixit
- Mr. Parasnath Bind
- Mrs. Repalli Pandey
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.
JSK Marketing IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 56,04,000 Equity Shares, aggregating up to Rs. [●] Lakhs |
| Of which: | |
| Reserved for Market Makers | Upto 2,88,000 Equity Shares aggregating up to Rs. [●] lakhs |
| Net Issue to the Public | Upto 53,16,000 Equity Shares aggregating up to Rs. [●] lakhs |
| Of which: | |
| QIB Portion | Not more than [●] Equity shares |
| Of which | |
| Available for allocation to Mutual Funds only (5% of the QIB portion) (Excluding the Anchor Investor Portion) | Not more than [●] Equity shares |
| Balance for all QIBs including Mutual Funds | Not more than [●] Equity shares |
| Retail Investors Portion | Upto [●] Equity Shares |
| Non-Retail Investors Portion | Upto [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,49,34,000 Equity Shares |
| Equity Shares outstanding after the Issue | Upto 2,05,38,000 Equity Shares |
JSK Marketing IPO Issue Object
These are the IPO Issue Objects of the company
- Funding the Working Capital requirements of the Company:
- Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
- General Corporate Purposes
JSK Marketing 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:
- Management Expertise
- Wide Distribution Network & Geographical Reach
- Renowned Brand Agreements
- Established Marketing Set-up and Diversified Customer Base
- Wide range of products
- Long Standing Track Record with Banks & FIs
- High Entry Barriers
- Scalable Business Model
The relevant quantitative factors are:
On the basis of standalone statement:-
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-16 | 7.46 | 42.27 | – |
| 31-Mar-17 | 15.23 | 44.37 | – |
| 31-Mar-18 | 21.27 | 39.12 |
326.19 |
- Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
| Particulars | P/E ratio |
| Highest | 142.2 |
| Average | 33.6 |
| Lowest | 1.4 |
- Competitive Peers:
| Sr. No. | Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| 1 | Redington India Ltd | 5 | 4.60 | 31.83 | 10.88 | 42.22 |
| 2 | Khemani Distributors & Marketing Ltd. |
5 | 2.58 | 63.95 | 8.51 | 30.29 |
| 3 | JSK Marketing Limited | 10 | 21.27 | 60.12 | 39.12 | 326.19 |
JSK Marketing IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 6216 6999 Fax No.: +91 – 22 – 2263 0434 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Mr. Pranav Nagar SEBI Registration No.: INM000011344 |
JSK Marketing IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299; Email: ipo@bigshareonline.com; Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com; Contact Person: Mr. Babu Rapheal SEBI Registration No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s. SSRV and Associates
- Peer Review Auditor – M/s. SSRV and Associates
- Bankers to the Company –N.A.
JSK Marketing 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 |
JSK Marketing IPO Grey Market Premium
The JSK Marketing 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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