Jay Kailash Namkeen’s Stellar Debut – Soaring 16.4% Above IPO Price!

Jay Kailash Namkeen's shares debuted strongly on April 8, listing at Rs 85, a 16.4% premium over the Rs 73 issue price, aligning with the Rs 12 grey market premium.
Jay Kailash IPO Lists at 16 Percent Premium

Jay Kailash Namkeen debuted on BSE SME with a 16.4% premium, opening at Rs 85 against an issue price of Rs 73. The IPO was highly popular, oversubscribed 38.03 times, with a massive 50.99 times retail demand, reflecting its strong grey market performance.

Jay Kailash Namkeen’s IPO received an overwhelming response, oversubscribed by 38.03 times with 6.21 crore bids against 1.35 crore shares, particularly in retail at 50.99 times the offer.

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Jay Kailash Namkeen Ltd specialises in manufacturing a variety of packaged Indian snacks, with 186 SKUs across 56 products. Initially focused on B2B, they expanded to B2C in April 2022 under “Jay Kailash”, also wholesaling their Chana Jor Namkeen, and supplying across multiple Indian states.

Jay Kailash Namkeen’s IPO aims to fund INR 7 crores for working capital, with a surplus directed towards corporate initiatives, strategic partnerships, marketing, branding, and client acquisition efforts.

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Oil India Q4 results शुद्ध लाभ ₹2,333 करोड़! बोनस शेयर और भारी लाभांश की घोषणा!

Oil India Q4 results : शुद्ध लाभ ₹2,333 करोड़! बोनस शेयर और भारी लाभांश की घोषणा!

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