Jetmall Spices & Masala Limited IPO

Jetmall Spices and Masala Limited IPO – All you need to know

Jetmall Spices and Masala Limited is engaged in the trading and marketing activities of spices, food products, masalas, and dry fruits. It has filed papers with the market regulator SEBI for an SME IPO of up to 24.90 lakh equity shares. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the Jetmall Spices and Masala Limited Ltd IPO.

Jetmall Spices and Masala Limited IPO Date & Price Band

IPO Open:31 March 2021
IPO Close:07 April 2021
Issue TypeFixed Price Issue IPO
IPO Size:Approx ₹4.98 Crore
Face Value:₹10 Per Equity Share
Price Band:₹20 Per Share 
Listing on:BSE SME
Retail Portion:50%
Equity:24,90,000 Shares

Jetmall Spices and Masala Limited IPO Market Lot

Minimum Lot Size:Minimum 6000 Shares
Minimum Amount:₹1,20,000
Minimum Lot Size:Maximum 6000 Shares
Minimum Amount:₹1,20,000

Jetmall Spices and Masala Limited IPO Allotment & Listing

Basis of Allotment:12 April 2021
Refunds:12 April 2021
Credit to Demat Account:15 April 2021
Listing Date:19 April 2021

Financials of Jetmall Spices and Masala Limited

Total Assets (in ₹millions)602.24885.351,988.591,738.16
Total Revenue (in ₹millions)925.903,915.624,344.545,032.61
Profit After Tax (in ₹millions)64.9214.7717.6125.62

About Jetmall Spices & Masala Limited

Jetmall Spices & Masala Limited was established in 1947 and has 72 years of experience in the spice and masala industry. The company was founded in the state of Tamil Nadu, Chennai, on September 6, 2012, under the name and style of ‘Jetmall Spices & Masala Private Limited,’ and changed its name to ‘Jetmall Spices & Masala Limited’ on January 29, 2020.

Jetmall Spices & Masala Limited was established to trade and sell food products such as ready-to-eat foods, food ingredients, ready-to-cook foods, food grains, dry fruits, spices, nuts and processed foods. It imports spices and supplies them in bulk quantities to India. The majority of the company’s imports come from Vietnam, Sri Lanka, and Indonesia, etc.

The company primarily operates on a B2B model, in which it retains stocks and distributes them to various institutional parties such as masala producers, exporters, and so on.

Objective of the Issue:

The company plans to use the funds from the IPO for the following purposes:

  • Expansion of the company through the launch of ten new retail outlets.
  • Some of the funds would be used to meet the company’s working capital needs.
  • Meeting the costs of the issue.
  • A portion of the funds collected would be used for general corporate purposes.

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