Business description – Jhandewalas Foods is currently involved in manufacturing of ghee. It is also a manufacturer of mangodi on job work basis and the marketer of Poha, Saffron and Dalia. These products are marketed under its own brand name “Naman’s” and “Godhenu”. Currently, the company has a one manufacturing unit, located at Jaipur, Rajasthan. The unit is well equipped with machineries and other handling equipment to facilitate smooth manufacturing process. Along with this, the unit also has an in-house laboratory for testing the quality of products. As on date of the prospectus, the company has employed 84 employees (including skilled, semi-skilled and unskilled).
Promoters of Jhandewalas Foods – Raakesh B. Kulwal and Jinko Devi Koolwal
| Jhandewalas Foods IPO details | |
| Subscription Dates | 29 December 2017 – 4 January 2018 |
| IPO Price band | INR55 per share |
| Fresh issue | 2,910,000 shares (INR16 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,910,000 shares (INR16 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Funding of working capital requirements – INR15.33 crore
- Issue Expenses – INR0.67 crore
| Jhandewalas Foods’ consolidated financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 115.9 | 152.0 | 141.5 | 142.8 | 148.7 | 33.8 |
| Total expenses | 115.0 | 150.2 | 139.2 | 141.2 | 144.8 | 32.9 |
| Profit after tax | 0.8 | 1.2 | 1.8 | 0.9 | 2.4 | 0.6 |
Jhandewalas Foods Limited
B-70, 1st Floor, Upasana House
Janta Store, Bapu Nagar
Jaipur- 302015
Phone: +91 141 2703 309
Email: [email protected]
Website: www.jhandewalas.com
| Day | Subscription (no. of times) |
| Day 1 | 1.14 |
| Day 2 | 2.78 |
| Day 3 | 5.48 |
| Day 4 | 14.74 |
| Day 5 | 264.25 |
Earnings Per Share (EPS): INR7.62
Price/Earnings (P/E) ratio: 7.22
Return on Net Worth (RONW): 17.94%
Net Asset Value (NAV): INR42.48 per share
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Jhandewalas Foods IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 29 December 2017
IPO Closing Date: 4 January 2018
Listing Date: 12 January 2018
Listing Price on BSE SME: INR66 per share (up 20% from IPO price)
Closing Price on BSE SME: INR66 per share (up 20% from IPO price)
How is JFL’s ipo ? Apply or avoid?
Apply
Is it for a short term or for a long term? Should we apply or avoid?
Is jhandewala financially sound, expert pls advice
Profit is shown as 2.4 Crore for FY17. At PE of 7.22, company market cap will be 17.3 crore, but they are seeking an valuation of 56 crore. Please explain the gap.
Good company and sound financials. Unlike other sme ipos, this is a good one.
Investors can check this link before investing.
https://ipocentral.in/planning-invest-sme-ipos-know-facts-first/
I want to sell 2 applications of Jandhelwal Foods. Please let me know contact no. of person
@ wat price ?
What would be price once it’s listed,, can we buy
When is JFP being alloted? Can anyone update
Jhandewala foods allotment done..Pls. tell listing date…i want to sell one application….Pls. interested person call me Mo. 8200418340….
What price? Pls call at 7706950641. GVK MOHAN