Jetmall Spices & Masala Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,182,000 (47%) | — | ₹236 Cr |
| Retail | — | 1,182,000 (47%) | — | ₹236 Cr |
| Market Maker | — | 126,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 2,490,000 (100%) | — | ₹4,980 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹120,000 |
| Retail (Max) | 13 | 78,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,040,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 926 | 3,916 | 4,345 |
| Profit After Tax | 65 | 15 | 18 |
| Total Assets | 602 | 885 | 1,989 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Setting up of Ten (10) new Retail Outlets – 1.65
- 2 To meet the Working Capital Requirements – 2.00
- 3 General Corporate Purposes – 0.85
- 4 Issue Expenses – 0.48
Company Overview
Incorporated in 2012, Jetmall Spices and Masala Limited is engaged in the trading and marketing activities of spices, food products, masalas, and dry fruits. Its product portfolio includes ready-to-eat foods, food grains, nuts, dry fruits, food ingredients, processed foods, food stuffs, etc.
It imports spices from countries i.e. Srilanka, Vietnam, Indonesia, etc., and supplies it in India in bulk quantity. It follows the B2B business model to sell products to various parties like Masala manufacturers, exporters, etc.
Competitive strengths
- Premium quality spices and masala.
- Strong packaging and logistic infrastructure.
- Experienced management.
- Customer loyalty.