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 name | Jetmall Spices and Masala Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Consumer Foods |
| Company Website | www.jetmallltd.com |
IPO Details
| IPO Opening Date | 31 March 2021 |
| IPO Closing Date | 07 April 2021 |
| Issue Type | Fixed Price Issue IPO |
| Issue size | ₹4.98 Crore |
| No of shares offered | 2,490,000 Equity Shares |
| Face Value | ₹10 per equity share |
| Offer Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Application amount | ₹120,000 |
| Listing At | BSE SME |
Financial summary
| Particulars | For the year/period ended (₹ in Lakh) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 602.24 | 885.35 | 1,988.59 | 1,738.16 |
| Total Revenue | 925.90 | 3,915.62 | 4,344.54 | 5,032.61 |
| Profit After Tax | 64.92 | 14.77 | 17.61 | 25.62 |
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
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/
Company Contact Information
Jetmall Spices and Masala Limited
87A, Govindappa Naicken Street
Sowcarpet, Chennai – 600 001
Phone: 044-2536 0269
Email: jetmallltd@gmail.com
Website: https://jetmallltd.com/
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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