Jetmall Spices and Masala Ltd

About the Company:

Company is engaged in the business of trading and marketing of food products, ready to eat foods, food grains, spices, dry fruits, nuts, ready to cook foods, food ingredients, processed foods and food stuffs.

Company is into Trading and marketing of Spices, Masalas and Dry fruits and Imports spices and supply in India in bulk quantities.

Company’s major imports are from Vietnam, Srilanka, Indonesia, etc. We are prominently indulged in wholesaling of superior quality Spices, masalas and dry fruits.
Company is mainly into B2B trading, highly specialized in Masala, Spices & Dry fruits.

Company maintains stocks and distribute them to different institutional parties like Masala manufacturers, Exporters, etc, company provides them in bulk quantities.

Company also supplies to retail stores in bulk quantities in our brand name and thereafter they repack and sell in their own brands.



Company’s Top Customer (percentage wise revenue): 




Management Team:

  1. Mr. Bharat Kumar Pukhrajji (Designation: Managing Director)
  2. Mr. Jatin Pandya (Designation: CFO and Executive Director)





Objectives of the Issue:

Fresh Issue: (Rs.4.98 cr)

  • Setting up of Ten (10) new Retail Outlets
  • To meet the Working Capital Requirements
  • General Corporate Purposes
  • To meet the Expenses of the Issue




Peer Group Comparison:

We believe that none of the listed companies in India are in the similar line of business. Hence we cannot make any comparison.


Financials of the Company:

(in Crores) FY 18 FY 19 FY 20 30th Sept 20
Revenue 50.32 43.44 39.15 9.25
Net Profit 0.25 0.17 0.14 0.64



Fund Utilization:

Particulars Amount (Rs. in crores)
Setting up of Ten (10) new Retail Outlets 1.65
To meet the Working Capital Requirements 2.0
General Corporate Purposes 0.85
Issue Expenses 0.48



IPO Details:

Details Info
Issue Opens on 31st March 2021
Issue Closes on:. 7th April 2021
Issue Price Rs.20
Face Value Rs.10
Minimum Lot 6000 Shares
Minimum Investment Rs.1,20,000
Issue Constitutes 41.54%
Issue Size Rs.4.98 cr
Market Cap Rs.11.98 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 24,90,000
Equity Shares Prior to the Issue 35,02,900
Equity Shares after the Issue 59,92,900

Also Read : List of Upcoming IPO’s in India.
Important Dates:

Finalization of Basis of Allotment on or Before 12th April 2021
Initiation of Refunds on or Before 12th April 2021
Credit of Equity Shares: on or Before 15th April 2021
Listing Date: on or Before 19th April 2021



IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
0.42 47.61 3.36 14.39


Company Contact Info:
Jetmall Spices and Masala Limited
87A,Govindappa Naicken Street,
Sowcarpet,Chennai-600 001,Tamilnadu.
Tel No.: 044-25360269
Email ID:


IPO Registrar Info:
Subramanian Building No. 1,
Club House Road, Chennai- 600 002
Contact Person : Mr. R D. Ramasamy
Tel: (044) 2846 0390/1989


Lead Manager to the Issue:
CIN: U67190MH2008PTC181996
404/1, The Summit Business Bay,
Sant Janabai Road (Service Lane), Off W. E. Highway,
Vile Parle (East), Mumbai-400 057.
Tel. No.: +91 22 2612 3207/08
E-Mail ID: