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, food stuffs, etc.
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.
Competitive strengths
- Premium quality spices and masala.
- Strong packaging and logistic infrastructure.
- Experienced management.
- Customer loyalty.
Company Promoters:
Mr. Bharat Kumar Pukhrajji is the promoter of the company.
Company Financials:
| 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 | |
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.
Jetmall spices and masala ipo Details
| IPO Opening Date | Mar 31, 2021 |
| IPO Closing Date | Apr 7, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,490,000 Eq Shares of ₹10 (aggregating up to ₹4.98 Cr) |
Jetmall spices and masala ipo Tentative Timetable
The Jetmall spices and masala ipo open date is Mar 31, 2021, and the close date is Apr 7, 2021. The issue may list on Apr 19, 2021.
| IPO Open Date | Mar 31, 2021 |
| IPO Close Date | Apr 7, 2021 |
| Basis of Allotment Date | Apr 12, 2021 |
| Initiation of Refunds | Apr 12, 2021 |
| Credit of Shares to Demat Account | Apr 15, 2021 |
| IPO Listing Date | Apr 19, 2021 |
Jetmall spices and masala ipo Lot Size
The Jetmall spices and masala ipo market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹120,000 |
| Maximum | 1 | 6000 | ₹120,000 |
Jetmall spices and masala ipo Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 58.44% |
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