Jhandewalas Foods IPO-Upcoming IPO 2017

Jhandewalas Foods IPO-Upcoming IPO 2017

In the list of upcoming ipo Jhandewalas Foods Limited is planning to launch IPO (Initial Public offering). It is a SME IPO. The tentative size of the upcoming ipo i.e. Jhandewalas Foods IPO is of Rs 16.01 crore. Jhandewalas Foods IPO will open on 29 Dec, 2017 and close on 4 January, 2018. The issue price of Jhandewalas Foods IPO is of Rs 55 per equity shares.

Jhandewalas Foods Limited is Jaipur Rajasthan based company.Company does the manufacturing of food products which includes Ghee and Mangodi.

Jhandewalas Foods IPO-Upcoming IPO news:

  1. Objective of Jhandewalas Foods IPO:

There are two objective of the Jhandewalas Foods IPO. They are

  • Funding of working capital requirements of the Company
  • Issue Expenses
  1. Issue details of Jhandewalas Foods IPO:

  • Issue Open: Dec 29, 2017
  • Issue close: Jan 4, 2018
  • Issue Type: Fixed Price Issue IPO
  • Issue Size:2,910,000 Equity Shares of Rs 10 aggregating up to Rs 16.01 Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 55 Per Equity Share
  • Market Lot: 2000 Shares
  • Minimum Order Quantity: 2000 Shares
  • Listing At: BSE SME
  • Retail Allocation: 50%

Open Free* Online Demat Account click @ https://goo.gl/3f8856

  1. Utilization of Net Proceeds:

Sr.NoParticularsAmount(Rs in lakhs)
1Funding of working capital requirements of the Company1535.24
2Issue Expenses65.26
 Total1600.50
  1. Consolidated financial performance of Jhandewalas Foods’ (in INR crore):

FY2013FY2014FY2015FY2016FY2017Q1 FY2018
Total revenue115.9152.0141.5142.8148.733.8
Total expenses115.0150.2139.2141.2144.832.9
Profit after tax0.81.21.80.92.40.6
  1. Draft RED HERRING PROSPECTUS:

Draft RED HERRING PROSPECTUS with SEBI

  1. Company Profile:

  • Company was incorporated on 14 August, 2006 as Private Limited Company, Under the provision of companies Act, 1956.As a result the name of the company was “Jhandewala Foods Private Limited”.
  • Later on the company was converted into public limited company on 26 September, 2017. As a result the name of the company was also changed to “Jhandewalas Foods Limited”.
  • Jhandewalas Foods Limited is Jaipur Rajasthan based company. Company does the manufacturing of food products which includes Ghee and Mangodi.
  • Company is also engaged in the marketing of Poha, Saffron and Dalia. These products are marketed under its own brand name “Naman’s” and “Godhenu”.
  • Jhandewala Foods is certified by Food Safety and Standards Authority of India (FSSAI) for the quality management systems.
  • Company’s manufacturing unit is located at Jaipur, Rajasthan. Company has employed 84 employees.
  • Jhandewala Foods brands and Range of products:
  1. Naman’s – Naman’s Desi Ghee,
  2. Naman’s gold ghee, Mangodi (a traditional dish made of green grams & black eyed peas),
  3. Poha (flattened rice),
  4. Naman’s Kesar
  5. Naman Daliya.
  6. Godhenu – Godhenu Cow Ghee.
  1. Promoters of the company:

There are two promoter of the company. They are

  • Raakesh B. Kulwal
  • Jinko Devi Koolwal
  1. List of Key Person in the Management:

  • Raakesh B. Kulwal (Chairman & Managing Director)
  • Jinko Devi Koolwal (Non-Executive Director)
  • Sanjay Sethi (Independent Director)
  • Harsh Agarwal (Additional Independent Director)
  1. Key Strength of the company:

  • Experienced Management Team
  • Quality Assurance and Standards
  • Established relationships with our suppliers
  1. Strategies of the company:

  • Improving operational efficiencies
  • Expand geographical reach
  • Strengthening our brand
  • Training our employees
  1. Registered Address of the company:

B-70, 1st Floor, Upasana House,

Janta Store, Bapu Nagar, Jaipur- 302015, India

  1. Official website of the company:

http://www.jhandewalas.com/

  1. Corporate identification number of the company (CIN):

U15209RJ2006PLC022941

  1. Lead Manager to the Issue:

GUINESS CORPORATE ADVISORS PRIVATE LIMITED

  1. Registrar to the Jhandewalas Foods IPO:

BIGSHARE SERVICES PRIVATE LIMITED

16.   Link to check the Rithwik Facility IPO Allotment Status:

Click Here

Open Free* Online Demat Account click @ https://goo.gl/3f8856

 

 

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