Jay Kailash Namkeen IPO Review & Fundamental Analysis

Jay Kailash Namkeen IPO 

Jay Kailash Namkeen Limited is coming up with an IPO worth INR 11.93 crores, consisting of a fresh issue of 16.33 lakh shares. The company plans to use the funds raised to meet the working capital requirements,and general corporate purposes.

Jay Kailash Namkeen Limited IPO – Important Dates

Jay Kailash Namkeen IPO DateMarch 28, 2024 to April 3, 2024
Jay Kailash Namkeen IPO Listing DateApril 8, 2024
Jay Kailash Namkeen IPO PriceINR 70 to 73 per share
Jay Kailash Namkeen IPO Lot Size1600 Shares
Jay Kailash Namkeen IPO Total Issue SizeINR 11.93 crores
Jay Kailash Namkeen IPO Basis of AllotmentApril 4, 2024
Jay Kailash Namkeen IPO Initiation of RefundsApril 5, 2024
Jay Kailash Namkeen IPO Credit of Shares to DematApril 5, 2024
Jay Kailash Namkeen IPO Issue TypeBook Built Issue IPO
Jay Kailash Namkeen IPO Listing AtBSE SME

Jay Kailash Namkeen Ltd IPO  – Company Profile

The company is engaged in the business of manufacturing packaged Indian snacks. The range of Indian snacks includes Chana Jor Namkeen, Masala Chana Jor, Pudina Chana, Masala Mung Jor, Plain Mung Jor, Soya Sticks, Haldi Chanas, Chana dal, Sev Murmura & Garlic Sev Murmura, Bhavnagari Gathiya, Chana Dal, Sing Bhujia, Popcorn, Roasted Peanuts, etc. The company has 186 SKUs of its 56 products. 

The company was initially engaged in B2B business wherein it manufactures products in bulk quantities for other well recognised companies/brands in the same industry. The company manufactures products and supplies in the states of Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Uttar Pradesh. However, from April 2022 onwards it also started a B2C business along with its existing B2B business under brand name “Jay Kailash”. They are also into the wholesale trade of Chana Jor Namkeen.

Jay Kailash Namkeen IPO  Review

ParticularAs of 31 March 2022As of 31 March 2023As of 30 November 2023
Revenue (₹ in lakhs)1,043.12979.99639.79
Equity (₹ in lakhs)50.42359.21582.45
Expenses (₹ in lakhs)963.39871.29593.01
Profit and Loss After Tax (₹ in lakhs)54.5788.7940.45
Diluted EPS only (₹)3.283.031.22
Return on Net Worth (%)108.25%24.72%6.94%
NAV per Equity Share (₹)1.7412.2717.62
Total Assets (in lakhs)223.25671.191118.30
Total Liabilities (in lakhs) 172.83311.98535.85
Debt Equity Ratio (in times) 3.930.280.61
Current Ratio (In Times) 0.971.042.23

Jay Kailash Namkeen Limited IPO Fundamental Analysis

Jay Kailash’s financial analysis for an IPO reveals a mixed picture. While there are positive indicators like inc