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 |
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
Website: https://jetmallltd.com/
Jetmall spices and masala ipo Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
IPO Lead Manager(s)
- Mark Corporate Advisors Private Limited (Past IPO Performance)