Jetmall spices and masala ipo

Jetmall spices and masala IPO (SME)

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Jetmall spices and masala IPO will open for subscription from 31 March 2021. the company aims for an issue size of ₹4.98 Crore through this Fixed Price Issue IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Jetmall Spices and Masala Limited

Incorporated in 2012, Jetmall Spices and Masala Limited is engaged in the trading and marketing activities of spices, food products, masalas, and dry fruits. Its product portfolio includes ready-to-eat foods, food grains, nuts, dry fruits, food ingredients, processed foods, foodstuffs, etc. It imports spices from countries i.e. Srilanka, Vietnam, Indonesia, etc., and supplies it in India in bulk quantity. It follows the B2B business model to sell products to various parties like Masala manufacturers, exporters, etc.

Objects of the Issue

  • Setting up 10 new retail outlets.
  • To meet the company’s working capital requirements.
  • General corporate purposes.
  • To meet issue expenditures.

Competitive strengths

  • Premium quality spices and masala.
  • Strong packaging and logistic infrastructure.
  • Experienced management.
  • Customer loyalty.

Basic details about the company

Full nameJetmall Spices and Masala Limited
SectorFast Moving Consumer Goods
IndustryConsumer Foods

IPO Details

IPO Opening Date31 March 2021
IPO Closing Date07 April 2021
Issue TypeFixed Price Issue IPO
Issue size₹4.98 Crore
No of shares offered2,490,000 Equity Shares
Face Value₹10 per equity share
Offer Price₹20 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Application amount₹120,000
Listing AtBSE SME

Financial summary

ParticularsFor the year/period ended (₹ in Lakh)
Total Assets602.24885.351,988.591,738.16
Total Revenue925.903,915.624,344.545,032.61
Profit After Tax64.9214.7717.6125.62

Company Promoters

  • Mr. Bharat Kumar Pukhrajji

Lead Managers

  • Mark Corporate Advisors Private Limited

Jetmall spices and masala ipo Registrar

Cameo Corporate Services Limited
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India
Phone: +91-44-28460390

Company Contact Information

Jetmall Spices and Masala Limited
87A, Govindappa Naicken Street
Sowcarpet, Chennai – 600 001
Phone: 044-2536 0269

Final thoughts

Jetmall spices and masala ipo is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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