About the Company:
Jhandewala Foods is involved in manufacturing of ghee. They are also manufacturer of mangodi on job work basis and the marketers of Poha, Saffron and Dalia.
Company’s products are marketed under their own brand name “Naman’s” and “Godhenu”.
Company was originally incorporated as Jhandewala Foods Private Limited on August 14, 2006
Company has been certified by Food Safety and Standards Authority of India (FSSAI) for the quality management systems of the Company in relation to their products.
Currently,Company has a one manufacturing unit, both located at Jaipur, Rajasthan.Company’s units are well equipped with machineries and other handling equipment to facilitate smooth manufacturing process.
Company’s distribution network enables them to effectively respond to market demand, evolving consumer preferences and competitive pressures. As of October 31, 2017 Company’s distribution network included 175 nos. of distributors and 3000 nos. of retailers.
Company’s brands and range of products are as follows:
- Naman desi ghee.
- Godhenu cow ghee.
- Naman gold ghee.
- Naman’s Mangodi
- Naman’s Poha
- Naman’s kesar.(Saffron)
- Naman Daliya.
Capacity Utilization for Ghee :
Management Team:
- Mr.Raakesh B. Kulwal (Designation: Chairman & Managing Director)
- Mr.Jinko Devi Koolwal (Designation: Non-Executive Director)
- Mr.Nand Lal Pancharia (Designation: Additional Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Raakesh B. Kulwal | 698,288 | 10.55 |
| Jinko Devi Koolwal | 4,677,118 | 3.73 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| Raakesh B. Kulwal | 9.50% | 6.81% |
| Jinko Devi Koolwal | 63.63% | 45.58% |
| Promoter Group Entities | 26.85% | 19.24% |
| Total | 99.98% | 71.63% |
Objectives of the Issue:
- Funding of working capital requirements of the Company
- Issue Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 15.35 cr |
| Issue Expenses | 0.65 cr |
| Net Proceeds | 16.00 crores |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 30th June 17 |
|---|---|---|---|---|---|---|
| Revenue | 115.87 | 152.04 | 141.50 | 142.75 | 148.65 | 33.77 |
| Net Profit | 0.76 | 1.15 | 1.76 | 0.94 | 2.38 | 0.58 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Jhandewalas Foods Limited | 10 | 7.62 | 7.22 | 17.94 | 42.48 |
| Parag Milk Foods Limited | 10 | 1.22 | 204.47 | 1.50 | 79.19 |
| Prabhat Diary Limited | 10 | 2.82 | 52.13 | 4.90 | 57.06 |
| Hatsun Agro Product Limited | 1 | 8.80 | 85.32 | 38.60 | 22.81 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 29th December 2017 |
| Issue Closes on:. | 04th January 2018 |
| Issue Price | Rs.55 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,10,000 |
| Issue Constitutes | 28.36% |
| Issue Size | Rs.16.00 cr |
| Market Cap | Rs.56.43 cr |
| Listing at | BSE SME |
| Total Equity Shares Offered (Fresh) | 29,10,000 |
| Equity Shares Prior | 73,50,358 |
| Equity Shares after the issue | 1,02,60,358 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 7.62 | 7.22 | 17.94% | 42.48 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 20% |
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| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Jhandewalas Foods Ltd B-70, 1st Floor, Upasana House, Janta Store, Bapu Nagar,Jaipur- 302015, India Tel: +91-141-2703309 E-mail: info@namans.co.in Website: www.jhandewalas.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East,Mumbai-400059 Tel : +91-22-62638200; Fax : +91-22-62638299; E-mail: ipo@bigshareonline.com; Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18 Deshapriya Park Road, Kolkata – 700 026, West Bengal, India Tel: +91 – 33 – 3001 5555; Fax: +91 – 33 – 3001 5531 Email:gcapl@guinessgroup.net Investor Grievance Email: gcapl.mbd@guinessgroup.net Website: www.guinessonline.net |
