Jeyyam Global Foods IPO Day 3: Issue subscribed 48 times so far; check allotment date and other key details

2 min read | Updated on September 04, 2024, 15:03 IST

SUMMARY

Jeyyam Global Foods IPO is a fresh issue of shares worth ₹74 crore and an offer-for-sale (OFS) of ₹8 crore. The company will use the proceeds from the fresh issue for capital expenditures, working capital needs, and general corporate purposes.

Jeyyam Global Foods has established itself as a prominent player in the food industry.

The SME IPO of Jeyyam Global Foods has received a robust response from investors. The initial public offering was subscribed 48 times so far on Wednesday, September 4, the final day of bidding.

The initial share sale, which went live on September 2, will close on September 4 at 5 pm. The price band has been fixed at ₹59 to ₹61 per share.

Jeyyam Global Foods: Category-wise subscription status

Category	Number of times subscription
Qualified Institutional Buyers (QIBs)	27.74
Non-institutional investors	90.24
Retail Individual Investors (RIIs)	41.83

To apply for Jeyyam Global Foods IPO, CLICK HERE.

The ₹81.94 crore IPO is a fresh issue of shares worth ₹74 crore and an offer-for-sale (OFS) of ₹8 crore.

The company will use ₹19 crore from the fresh issue for capital expenditure, ₹35 crore for working capital needs and the remaining funds for general corporate purposes.

Also Read: Upcoming IPOs: SK Finance among 3 companies to get SEBI's go-ahead to float public offers; check list

Jeyyam Global Foods: Timeline

Bidding period: September 2 to September 4
Allotment finalisation: September 5
Refund initiation: September 6
Demat transfer: September 6
Listing: September 9

About Jeyyam Global Foods

Jeyyam Global Foods manufactures and supplies key food products such as Bengal gram, fried gram and besan flour. The company plans to expand its business-to-customer (B2C) market with new offerings such as spices, ready-to-cook and ready-to-eat foods, sugar, salt, soya and vermicelli.

The company reported revenue of ₹250 crore in the financial year (FY) 2021-22, ₹320 crore in March 2023, and ₹630 crore in March 2024. For FY25, the Chennai-based firm expects to register a top line of ₹750-₹780 crore.

To know more about IPO listings and upcoming IPOs, click here.

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Jeyyam Global Foods IPO Day 3: Issue subscribed 48 times so far; check allotment date and other key details

Jeyyam Global Foods: Category-wise subscription status

Jeyyam Global Foods: Timeline

About Jeyyam Global Foods

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