Jetmall spices and masala IPO: GMP, Price, Size & Dates

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Jetmall Spices and Masala Limited, established in 2012, specializes in the marketing and trading of various food products including spices, masalas, dry fruits, and ready-to-eat foods. The company sources its spices from countries such as Sri Lanka, Vietnam, and Indonesia and imports them in bulk quantities to supply them to various businesses in India through a B2B business model. Its customer base includes masala manufacturers, exporters, and other parties. Additionally, its product range also includes food grains, nuts, processed foods, food ingredients, and other food items. 

Jetmall spices and masala ipo Details 

IPO Date Mar 31, 2021 to Apr 7, 2021 
Listing Date Monday, April 19, 2021 
Face Value ₹10 per share 
Price ₹20 per share 
Lot Size 6000 Shares 
Issue Size 2,490,000 shares of ₹10 
(aggregating up to ₹4.98 Cr) 
Issue Type Fixed Price Issue IPO 
Listing At BSE SME 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

Jetmall spices and masala ipo Tentative Dates 

Event Tentative Date 
Opening Date Mar 31, 2021 
Closing Date Apr 7, 2021 
Basis of Allotment Apr 12, 2021 
Initiation of Refunds Apr 12, 2021 
Credit of Shares to Demat Apr 15, 2021 
Listing Date Apr 19, 2021 

Industry Overview 

The company sources its products from various countries and supplies them to businesses in India through a B2B business model. Its product portfolio also includes ready-to-eat foods, food grains, nuts, processed foods, food ingredients, and other food items. 

The Indian spices and seasonings market is expected to grow at a steady rate due to the increasing demand for ethnic flavors and convenience foods. According to a report by IMARC Group, the Indian spices and seasonings market size was valued at INR 1,228 billion in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of around 10% during 2021-2026. 

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 Prospectus

Company Contact Information

Jetmall Spices and Masala Limited
87A, Govindappa Naicken Street
Sowcarpet, Chennai – 600 001

Phone: 044-2536 0269
Email: jetmallltd@gmail.com
Websitehttps://jetmallltd.com/

Jetmall spices and masala ipo Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Websitehttps://ipo.cameoindia.com/

IPO Lead Manager(s)

  1. Mark Corporate Advisors Private Limited (Past IPO Performance)

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