Jeyyam Global Foods Shares List at ₹61 on NSE SME, Hits 5% Lower Circuit Shortly AfterJeyyam Global Foods Shares List at ₹61 on NSE SME, Hits 5% Lower Circuit Shortly After

Jeyyam Global Foods shares debuted flat on the NSE SME on September 9, opening at ₹61, the same as the IPO price. Shortly after listing, the stock hit a 5% lower circuit at ₹57.95, following the successful subscription of the company’s initial public offering.

Jeyyam Global Foods Limited IPO experienced huge demand on Day 3, with a 111.19 times subscription. This indicates significant investor interest and confidence in the company’s future and positive market sentiment.

Jeyyam Global Foods Limited, with 15+ years in the food industry, specialises in Bengal Gram, Fried Gram, and Besan Flour. Expanding into spices and ready-to-eat foods, the company ensures top quality through advanced facilities and a strong supply chain. Focused on the Chana industry, Jeyyam leverages integration to become a leading pan-India brand.

The primary objective of Jeyyam Global Foods Ltd’s IPO is to fund ₹35 crores for working capital and ₹19 crores for capital expenditures, including new manufacturing units and general corporate purposes.