Incorporated in 2012, Jetmall Spices and Masala Limited is engaged in the trading and marketing activities of spices, food products, masalas, and dry fruits. Its product portfolio includes ready-to-eat foods, food grains, nuts, dry fruits, food ingredients, processed foods, food stuffs, etc.
It imports spices from countries i.e. Srilanka, Vietnam, Indonesia, etc., and supplies it in India in bulk quantity. It follows the B2B business model to sell products to various parties like Masala manufacturers, exporters, etc.
Competitive strengths
- Premium quality spices and masala.
- Strong packaging and logistic infrastructure.
- Experienced management.
- Customer loyalty.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Setting up of Ten (10) new Retail Outlets | ₹2 |
| 2 To meet the Working Capital Requirements | ₹2 |
| 3 General Corporate Purposes | ₹1 |
| 4 Issue Expenses | ₹0 |
| Metric | 30-Sep-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Total Assets | 602 | 885 | 1,989 |
| Revenue | 926 | 3,916 | 4,345 |
| PAT | 65 | 15 | 18 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,182,000 (47%) | — |
| Retail (RII) | — | 1,182,000 (47%) | — |
| Market Maker | — | 126,000 (5%) | — |
| Total | — | 2,490,000 (100%) | — |
* Amount calculated at upper price band (₹20) · ** Total includes all investor categories
- 1 Initiation of Refund 12 Apr 2021
- 2 Credit of Shares to Demat 15 Apr 2021
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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