Jeyyam Global Foods IPO expected on September 5: Here’s how to check status on NSE, Kfin Technologies

Jeyyam Global Foods Limited IPO share allotment status is expected to be finalised on Thursday, September 5. The packaging solutions provider’s initial public offering (IPO) was open for subscription from September 2 to September 4.

Jeyyam Global Foods IPO garnered strong demand as it was booked 119.5 times across categories. The NSE SME issue received bids for more than 107.36 crore shares compared to the 89.84 lakh shares available for bidding.

Jeyyam Global Foods IPO was booked 322.17 times in the Non-Institutional Investors (NIIs) category and 70.48 times in the retail segment. The Qualified Institutional Buyers (QIBs) booked their quota 54.61 times.

After finalising the share allocation, the company is likely to initiate refunds for unsuccessful bidders and credit shares to the Demat accounts of successful bidders on Friday, September 6. Shares of Jeyyam Global Foods are likely to list shares on the NSE SME platform, Emerge on Monday, September 9.

Investors awaiting the finalisation of share allotment can check the status on the official website of Kfin Technologies Limited and the NSE.

Steps to check Jeyyam Global Foods IPO share allotment status on the Kfin Technologies website

• Visit Kfin Technologies website at https://www.kfintech.com/
• Choose the 'IPO Allotment Status' option
• Select any of the five server links shown on the screen
• Select 'Jeyyam Global Foods' from the dropdown list
• Type in the details of any one these: Application Number/Demat Account/PAN.
• Enter the captcha and click on the ‘submit’ button

How to check Jeyyam Global Foods IPO share allotment on NSE

• Go to the NSE IPO allotment status page through this link www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Log in to the NSE using your username and password. To generate the login ID and password, create an account on the NSE.
• After logging in, select Jeyyam Global Foods from the drop-down menu under the issue name
• Verify your PAN
• Enter your IPO application Number
• Click ‘Submit’ to view the allotment details

Jeyyam Global Foods IPO: Offer Size and other key details

Jeyyam Global Foods' IPO was worth ₹81.94 crore. The book-built issue consisted of a fresh issue of 120.89 lakh shares, aimed at raising ₹73.74 crore, and an offer-for-sale (OFS) of 13.43 lakh shares, aggregating ₹8.19 crore.

Jeyyam Global Foods IPO price band was fixed at ₹59 to ₹61 per share. The minimum lot size for retail investors was fixed at 2,000 shares, which aggregated to an investment of ₹1,22,000.

Jeyyam Global Foods IPO objective

Jeyyam Global Foods plans to use the money raised via the public issue for funding working capital requirements, capital expenditures and for other general corporate purposes.

About Jeyyam Global Foods

Jeyyam Global Foods was established in 2008. The company produces and processes Bengal gram (chana), fried gram, and Besan flour. As of March 31, 2024, it had 155 permanent employees.