Jetmall Spices and Masala IPO

SME IPO Status: Closed [31st Mar 2021 to 7th Apr 2021]

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About Jetmall Spices and Masala IPO

Jetmall Spices and Masala IPO is an SME IPO of Rs. 4.98 Cr. It is a fixed price IPO that issue price is fixed at Rs. 20 per share, 2 times of Rs. 10 face value. The IPO lot size is 6,000 shares with subject to a minimum order value of Rs. 120,000. Scroll down the page further to get more details about Jetmall Spices and Masala IPO including business overview, financials, strengths, weaknesses, GMP, live subscription, allotment, and recommendations.

About the Company - Jetmall Spices and Masala Limited

Jetmall Spices and Masala Limited is primarily engaged in the trading activities of spices, masalas, and other food products. The key business activities of the company are trading and marketing fast food products, food ingredients, ready-to-eat foods, spices, masalas, dry fruits, nuts, processed foods, etc.

The company follows the B2B business model, wherein it imports stocks in bulk from overseas countries i.e. Indonesia, Vietnam, and Srilanka, and sells it to masala manufacturers, exporters, and companies in India.

Jetmall Spices and Masala SME IPO Objective

The net proceeds from the IPO will be used towards the following purposes;

  • To set up 10 new retail outlets in India.
  • Working capital requirements.
  • To meet the issue expenditures.
  • general corporate purposes.

Jetmall Spices and Masala SME IPO Details

Jetmall Spices and Masala SME IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Jetmall Spices and Masala SME IPO Details
Jetmall Spices and Masala Issue Details Values
IPO Category: SME
SME IPO Issue Type: Fixed price IPO
SME IPO Issue Size: 24,90,000 shares at ₹20 per share (Aggregating to Rs. ₹4.98 Cr)
Face Value: ₹10 Per Equity Share
SME IPO Issue Price: ₹20
SME IPO Discount: NA
Market Lot: 6000 Shares
Min Retail Qty: 6000 shares (1 lot)
Max Retail Qty: 6000 shares (1 lot)
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: 58.44%
IPO Listing At: BSE SME

Jetmall Spices and Masala SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 1,182,000 Shares
  • Retail Individual Investor: 1,182,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered1,182,0001,182,0002,364,000
131st Mar 2021 06:510.14x0.06x0.10x
21st Apr 2021 06:510.23x0.10x0.16x
32nd Apr 2021 06:510.23x0.10x0.16x
45th Apr 2021 12:010.41x0.25x0.33x
56th Apr 2021 06:510.84x0.35x0.59x
67th Apr 2021 07:491.90x0.82x1.36x

Jetmall Spices and Masala Financials for past 3 Years

Past performance and financial results of Jetmall Spices and Masala.

Jetmall Spices and Masala financial
Jetmall Spices and Masala Financials 30-Sep-2020 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹602.24 Lakh ₹885.35 Lakh ₹1,988.59 Lakh ₹1,738.16 Lakh
Total Income ₹925.90 Lakh ₹3,915.62 Lakh ₹4,344.54 Lakh ₹5,032.61 Lakh
Net Profit/Loss ₹64.92 Lakh ₹14.77 Lakh ₹17.61 Lakh ₹25.62 Lakh

Jetmall Spices and Masala SME IPO Strengths

  • Brand equity with loyal customer base.
  • Best quality of spices and masalas.
  • State-of-the-art infrastructure.
  • Experienced and professional management team.

Jetmall Spices and Masala SME IPO Threats/Weaknesses

  • Substantial revenue is generated from top 10 clients as in Fiscal 2020, it is accounted for 45%.
  • Insufficient working capital in the business will negatively affect its operations.
  • Labor-intensive industry hence, work stoppages and high wage demand will have a significant impact on daily activities.
  • Tough competition from organized and unorganized market players.

Jetmall Spices and Masala SME IPO Recommendations

Jetmall Spices and Masala SME IPO Important Dates

In this section we have covered all important dates related to Jetmall Spices and Masala SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.

Jetmall Spices and Masala SME IPO important dates
SME IPO Activity Date
SME IPO Issue Open Date 31st Mar 2021
SME IPO Issue Close Date 7th Apr 2021
Basis of Allotment Finalisation Date* 12th Apr 2021
Refunds Initiation* 12th Apr 2021
Credit of Shares to Demat Account* 15th Apr 2021
SME IPO Listing Date* 19th Apr 2021

* - Tentative Dates

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  NRI Form ⇒

Jetmall Spices and Masala SME IPO DRHP >>Document

Jetmall Spices and Masala SME IPO RHP >>Document

Jetmall Spices and Masala SME IPO Allotment Status >>Jetmall Spices and Masala SME IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Jetmall Spices and Masala Limited
87A, Govindappa Naicken Street
Sowcarpet, Chennai - 600 001, Tamil Nadu, India
Website: https://jetmallltd.com/
Email: [email protected]
Phone: 044-2536 0269

Registrar

Cameo Corporate Services Limited
Subramanian Building No. 1,
Club House Road, Chennai- 600 002
Tel: (044) 2846 0390/1989
Email: [email protected]
Website: http://www.cameoindia.com/

Lead Manager

  1. Mark Corporate Advisors Limited
Jetmall Spices and Masala SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Jetmall Spices and Masala? Should I apply in Jetmall Spices and Masala SME IPO?

Last Updated on 2021-06-10T12:51:30+00:00

Jetmall Spices and Masala SME IPO FAQs

  1. 1. How to subscribe Jetmall Spices and Masala SME IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Jetmall Spices and Masala SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Jetmall Spices and Masala SME IPO with Zerodha.

    Alternate approch to apply in Jetmall Spices and Masala SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Jetmall Spices and Masala SME IPO Review and Important Updates

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  2. 2. How to apply in Jetmall Spices and Masala SME IPO online?

    Apply in Jetmall Spices and Masala SME IPO online

    To subscribe or apply in Jetmall Spices and Masala SME IPO, you can use the following methods:

    Jetmall Spices and Masala SME IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Jetmall Spices and Masala SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Jetmall Spices and Masala SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Jetmall Spices and Masala SME IPO. Most of the Syndicate Banks provide access to apply in Jetmall Spices and Masala IPO via ASBA process. You must have your net banking access, DP ID information to apply in Jetmall Spices and Masala SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Jetmall Spices and Masala SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Jetmall Spices and Masala SME IPO Review and Important Updates

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  3. 3. How to download online application form for Jetmall Spices and Masala SME IPO?

    Jetmall Spices and Masala SME IPO Application is not yet available.

     

  4. 4. What is the listing date of Jetmall Spices and Masala SME IPO?

    Jetmall Spices and Masala SME IPO is going to be list on 19-04-2021.

    Other relevant questions:

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  5. 5. When Jetmall Spices and Masala SME IPO will be allocated?

    Jetmall Spices and Masala SME IPO Allotment Date is 12-04-2021.

    Other relevant questions:

    Jetmall Spices and Masala SME IPO share allotment date?Jetmall Spices and Masala SME IPO allotment date?

     

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User Comments

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4. Abhishek suhane  3/25/2021 1:20:49 AM Reply
Jetmall spices and masala SME IPO expected listing gain.
avatar
3. Paresh  3/25/2021 1:20:49 AM Reply
Please confirm Jetmall spices and masala SME IPO GMP (grey market premium) and kostak.
avatar
2. Jkpatel  3/25/2021 1:20:49 AM Reply
Jetmall spices and masala SME IPO good or bad.
avatar
1. Mahesh  3/25/2021 1:20:49 AM Reply
Jetmall spices and masala SME IPO whether to invest or not.

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