Jay Kailash Namkeen Limited IPO

Jay Kailash Namkeen Limited was established in 2021 and manufactures packaged Indian snacks.

The company’s product portfolio includes Chana Jor Namkeen, Masala Chana Jor, Pudina Chana, Masala Mung Jor, Plain Mung Jor, Soya Sticks, Haldi Chanas, Chana dal, Sev Murmura & Garlic Sev Murmura, Bhavnagari Gathiya, Chana Dal, Sing Bhujia, Popcorn, Roasted Peanuts, etc.

The company has 186 SKUs of 56 products in sizes of ₹5, ₹10, 200 grams, 400 grams, 500 grams, 5 kilograms and 20 kilograms.

Jay Kailash Namkeen’s customers come from Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Uttar Pradesh.

The company’s production facility is located in Rajkot, Gujarat, and has a production capacity of 10 tons per working day.

As of November 30, 2023, the company employed 14 permanent employees and 35 hourly paid on-call workers for production and shipping and 6 employees for marketing and sales.

 

Jay Kailash Namkeen Limited Financial Information (Restated)

Jay Kailash Namkeen Limited’s revenue decreased by -5.31% and profit after tax (PAT) rose by 62.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,118.30671.19613.46373.57
Revenue646.19987.741,043.121,314.80
Profit After Tax40.4588.7954.578.81
Net Worth582.45359.2183.2028.42
Reserves and Surplus246.1265.8849.42 
Total Borrowing354.67238.4465.76111.58
Amount in ₹ Lakhs

Objects of the Issue (Jay Kailash Namkeen IPO Objectives)

The company intends to utilize the net proceeds of the issue to meet the following objects:

  1. To meet the working capital requirement; and
  2. General corporate purpose.

Jay Kailash Namkeen IPO Timeline (Tentative Schedule)

Jay Kailash Namkeen IPO opens on March 28, 2024, and closes on April 3, 2024.

IPO Open DateThursday, March 28, 2024
IPO Close DateWednesday, April 3, 2024
Basis of AllotmentThursday, April 4, 2024
Initiation of RefundsFriday, April 5, 2024
Credit of Shares to DematFriday, April 5, 2024
Listing DateMonday, April 8, 2024
Cut-off time for UPI mandate confirmation5 PM on April 3, 2024

SHARIAH SCREENING for - Jay Kailash Namkeen Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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