The initial public offering (IPO) is slated to begin accepting subscriptions on March 28, 2024, and end on April 3, 2024. With an initial public offering (IPO) of 1,633,600 equity shares at a price between ₹70 and ₹73 per share, they hope to raise ₹11.93 crore. The BSE SME platform is expected to list the IPO on April 8, 2024
Jay Kailkash Namkeen IPOÂ
Thirteen fresh IPOs are scheduled to go on subscription in the upcoming week, signaling the return of the primary market. The book-built IPO of Jay Kailash Namkeen is worth Rs 11.93 crores. 16.34 lakh shares are being issued entirely anew in this issue.
On March 28, 2024, subscriptions for the Jay Kailash Namkeen IPO will commence, and it will conclude on April 3, 2024. The Jay Kailash Namkeen IPO allotment should be completed on Thursday, April 4, 2024.Â
The tentative listing date for the Jay Kailash Namkeen IPO is Monday, April 8, 2024, and will take place on the BSE SME. Namkeen Jay Kailash The price range for the IPO is ₹70 to ₹73 per share. A minimum lot size of 1600 shares is required for application.
Jay Kailash Namkeen IPO ScheduleÂ
The below table shows the Jay Tailash Namkeen IPO schedule.
| IPO Open Date | On Thursday,28Â March, 2024 |
| IPO Close Date | On Wednesday, 3 April, 2024 |
| Basis of Allotment | On Thursday, 4Â April, 2024 |
| Initiation of Refunds | On Friday, 5 April, 2024 |
| Shares Credited to Demat | On Friday, 5 April, 2024 |
| Date of Listing | On Monday, 8 April, 2024 |
| Time limit for UPI mandatory verification | At 5:00 PM on 3 April, 2024 |
Reservation for Jay Kailash Namkeen IPOÂ
Details of the reservation of Jay Kailash Namkeen’s IPO.
| Category of Investors | Offered Shares |
| QIB Offered Shares | A maximum of 30.00% of the Net Issue |
| Retail Offered Shares | A minimum of 50.00% of the Net Issue |
| NII (HNI) Offered Shares | A Minimum of 20.00% of the Net Issue |
Lot size of Jay Kailash Namkeen’s IPO
There is a minimum of 1600 shares available for bidding, as well as numerous of each of those shares. The table below displays the lowest and maximum percentages as well as the total sum of investments invested by HNIs and regular investors.
| Application | Shares | Lots | Amounts |
| Retail Minimum | 1600 | 1 | ₹116,800 |
| Retail Maximum | 1600 | 1 | ₹116,800 |
| HNI Minimum | 3200 | 3 | ₹233,600 |
How to apply for Jay Kailash Namkeen Ipo?
You can apply for the Jay Kailash Namkeen IPO in one of two ways:
- Applications Supported by Blocked Amount, or ASBA, are accessible from your bank account and can be used to submit applications. To apply, just sign into your online banking account, choose the ‘Invest’ area, and then choose the Jay Kailash Namkeen IPO.
- IPO Forms: Alternatively, you can download and complete the IPO application forms directly from the BSE website.
Make sure you meet the qualifying requirements and have enough money in your bank account to pay your application fee before submitting. If you’re new to IPOs or have any questions about the procedure, speaking with an expert is also a good idea.
Is Jay Kailash Namkeen’s IPO good for investing?
The Jay Kailash Namkeen IPO may or may not be a wise investment depending on your investing objectives, risk tolerance, and the company’s development potential and financial stability. Based on the information at hand, the following are some things to think about:
- Overview of the Company: Founded in 2021, Jay Kailash Namkeen Limited produces packaged Indian snacks. A range of snack products are included in the product portfolio.
- Financials: Examining the company’s financial statements might reveal information about its stability, growth in sales, and profitability.
- Market Potential: The company’s capacity to gain market share and consumer appetite for packaged foods in India are important factors to take into account.
- Details of the IPO: Since this is a completely new share offering, the company is trying to generate money to support its expansion.
- Expert Analysis: Based on an in-depth study, certain research analysts may offer suggestions or analyses. Examining many sources is helpful to get a comprehensive understanding. Recall that all investments involve risk, therefore it’s critical to only make investments that you are prepared to lose.