Jeyyam Global Foods Ltd is set to launch its Initial Public Offering (IPO) on Monday, September 2, with the subscription window closing on Wednesday, September 4.
Pricing and Share Details
Jeyyam Global Foods is offering its shares at a price range of ₹59 to ₹61 per share. Each share has a face value of ₹5. Investors looking to participate in the IPO will need to bid for a minimum of 2,000 shares. This gives a clear entry point for those interested in investing in this food sector company.
- Qualified Institutional Buyers (QIBs): 63,80,000 equity shares, including an anchor portion of up to 38,28,000 shares.
- Non-Institutional Investors (NIIs): Up to 19,14,000 equity shares.
- Retail Investors: Up to 44,66,000 equity shares.
The IPO is valued at ₹81.94 crore, including a fresh issuance of 12,088,800 shares and an offer for sale of 13,43,200 shares.
Jeyyam Global Foods was established in 2008. The company is known for producing Bengali chickpeas, commonly called “chana,” as well as Fried Gram and Besan Flour. These products are widely used in various culinary applications and are supplied to a diverse customer base including distributors, large stores, hotels, restaurants, caterers, and supermarkets.
Jeyyam Global Foods’ focus on chickpea products places it in a niche market with consistent demand, making it an interesting opportunity for those looking to invest in the food sector.
Overall, the IPO offers a chance for investors to become part of a company with a growing presence in the food industry. As always, potential investors should review the company’s performance, market conditions, and consult with financial advisors to make informed investment decisions.
By conducting thorough research, you can make informed investment decisions and better manage the risks associated with IPOs.
