{"id":42706,"date":"2024-08-30T13:52:46","date_gmt":"2024-08-30T08:22:46","guid":{"rendered":"https:\/\/businesspoint.co.in\/index.php\/2024\/08\/30\/jeyyam-global-foods-limited-ipo-opens-on-september-02-2024\/"},"modified":"2024-08-30T13:52:46","modified_gmt":"2024-08-30T08:22:46","slug":"jeyyam-global-foods-limited-ipo-opens-on-september-02-2024","status":"publish","type":"post","link":"https:\/\/businesspoint.co.in\/index.php\/2024\/08\/30\/jeyyam-global-foods-limited-ipo-opens-on-september-02-2024\/","title":{"rendered":"Jeyyam Global Foods Limited IPO Opens on September 02, 2024"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai (Maharashtra) [India], August 30: <\/strong>Jeyyam Global Foods Limited,specialized in manufacturing and\/or processing and supply of Bengal Gram (locally known as \u2018Chana\u2019), Fried Gram, and Besan Flour, has announced its plan to go public with an Initial Public Offering on September 02, 2024. The company is aiming to raise \u20b9 79.25 Crores at the lower end of the price band and \u20b9 81.94 Crores at the upper end of the price band through this IPO, with shares set to be listed on the NSE Emerge platform.<\/p>\n<p>The issue size is Up to\u00a01,34,32,000\u00a0equity\u00a0shares, including 1,20,88,800 fresh issue equity shares and 13,43,200 offer for sale at face value of\u00a0\u20b9\u00a05 each.<\/p>\n<p>Equity Share Allocation<\/p>\n<ul>\n<li>Total Issue Size \u2013 1,34,32,000 Equity Shares<\/li>\n<li>Market Maker Reservation \u2013 6,72,000 Equity Shares<\/li>\n<li>Net Issue Size \u2013 1,27,60,000 Equity Shares<\/li>\n<li>Of the Net Issue size:<\/li>\n<li>Qualified Institutional Buyers (QIB) \u2013 63,80,000 Equity Shares (including anchor portion of up to 38,28,000\u00a0 \u00a0 \u00a0Equity Shares)<\/li>\n<li>Non-Institutional Investors (NII) \u2013 Up To 19,14,000 Equity Shares<\/li>\n<li>Retail Individual Investors (RII) \u2013 Up To 44,66,000Equity Shares<\/li>\n<\/ul>\n<p>Out of the\u00a0Net Funds raised (i.e., excluding the potion of Offer for Sale and Issue related expenses),\u00a0\u20b9\u00a019 crore will be utilized for Capital Expenditure,\u00a0\u20b9\u00a035 crore for Working Capital and balance towards the general corporate purpose.\u00a0The Issue closes on\u00a0September\u00a004,\u00a02024.<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the Issue\u00a0is\u00a0CorpwisAdvisors Private Limited. The Registrar to the Issue is\u00a0KfinTechnologies\u00a0Limited.<\/p>\n<p>Jeyyam\u00a0Global Foods Limited (\u2018the\u00a0Company\u2019)\u00a0is\u00a0lead\u00a0by a dynamic board comprising of Mr. Amit Agarwal, Managing Director, Mr. Shripal\u00a0Veeramchand\u00a0Sanghvi, Whole Time Director, Mrs.\u00a0Sujathaa\u00a0Mehta, Non-Executive Director, Mr. Vikash Mahipal, Non-Executive Independent Director &amp; Mr. Shanmugam, Non-Executive Independent Director.<\/p>\n<p>The Promoters of\u00a0the\u00a0Company are Mr. Shripal\u00a0VeeramchandSanghvi, Mr. Amit Agarwal, Mrs.\u00a0Sujathaa\u00a0Mehta, Shanti Guru Industries Limited, Mrs. Sarika\u00a0Ssangavi, M\/s. Shripal Sanghvi HUF and M\/s. Mahipal Sanghvi HUF.<\/p>\n<p><strong>Key Highlights<\/strong><\/p>\n<ul>\n<li><b>Issue Size \u2013 1,34,32,000 Equity Shares of \u20b9 5 each<\/b><\/li>\n<li><b>Anchor Investor bidding date \u2013 August 30, 2024<\/b><b> <\/b><\/li>\n<li><b>Price band \u2013 \u20b9 59 per equity share to \u20b9 61 per equity shar <\/b><\/li>\n<li><b>Issue Size \u2013 \u20b9 79.25 Crores at the lower end of the price band and \u20b9 81.94 Crores at the upper end of the price band<\/b><\/li>\n<li><b>\u200bLot Size \u2013 2,000 Equity Share<\/b><\/li>\n<li><b>Bid\/offer opening date \u2013 September 02, 2024 <\/b><\/li>\n<li><b>Bid\/offer closing date \u2013 September 04, 2024<\/b><\/li>\n<\/ul>\n<p>Shripal\u00a0Veeramchand\u00a0Sanghvi, Whole Time Director\u00a0of\u00a0Jeyyam\u00a0Global Foods Limited\u00a0expressed,\u00a0\u201cWe are excited to announce our decision to go public with an Initial Public Offering. Our journey in the\u00a0Chana and the Chana related products industry\u00a0has been characterized by\u00a0unwavering commitment to\u00a0quality.The\u00a0IPO proceeds will support our working capital requirements, ensuring preparedness to meet increasing demand. We are dedicated to excellence and anticipate using the funds to strengthen our market positionand\u00a0broaden our product range\u00a0while\u00a0we embark on this exciting new chapter.\u201d<\/p>\n<p>Mr. Vishal Kumar Garg, Director of Corpwis Advisors Private Limited said, \u201cJeyyam Global Food Limited\u2019s IPO is a testament to the company\u2019s strong fundamentals and growth prospects. With track record of delivering quality products, Jeyyam is well-positioned to capitalize on the opportunities in the food processing industry. With its strategic move into the B2C market and a diverse product range, the company is poised for significant expansion. The utilization of the net proceeds will further enhance the company\u2019s operational capabilities and drive value creation. Wishing the team every success as they embark on this exciting new chapter.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], August 30: Jeyyam Global Foods Limited,specialized in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":42707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2],"class_list":["post-42706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/42706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=42706"}],"version-history":[{"count":0,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/42706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media\/42707"}],"wp:attachment":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=42706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=42706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=42706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}