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:
- Mr. Bharat Kumar Pukhrajji (Designation: Managing Director)
- 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: jetmallltd@gmail.com Website: www.jetmallltd.com |
| IPO Registrar Info: |
|---|
| CAMEO CORPORATE SERVICES LIMITED Subramanian Building No. 1, Club House Road, Chennai- 600 002 Contact Person : Mr. R D. Ramasamy Tel: (044) 2846 0390/1989 E-mail: cameo@cameoindia.com Website: www.cameoindia.com |
| Lead Manager to the Issue: |
|---|
| MARK CORPORATE ADVISORS PRIVATE LIMITED 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: smeipo@markcorporateadvisors.com |
