Jay Kailash Namkeen Ltd Share Price – BSE

FMCG, Small Cap

Jay Kailash Namkeen will hold a meeting of the Board of Directors of the Company on 30 May 2024

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Jay Kailash Namkeen will hold a meeting of the Board of Directors of the Company on 9 May 2024.

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The scrip was listed at Rs 85, a premium of 16.44% compared with the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 86.90 and a low of Rs 80.75. About 7.97 lakh shares of the company changed hands at the counter.

Jay Kailash Namkeen's IPO was subscribed 38.03 times. The issue opened for bidding on 28 March 2024 and it closed on 3 April 2024. The price band of the IPO was fixed at Rs 70 to Rs 73 per share.

The IPO comprised fresh issue of 16,33,600 equity shares. The promoter and promoter group shareholding diluted to 48.33% from 71.82% pre-IPO.

The company intends to utilise the net proceeds to meet working capital requirement and general corporate purpose.

Jay Kailash Namkeen is a manufacturer of packaged Indian snacks. With a total of 186 SKUs (Stock Keeping Units) across 56 products, the company offers a range of convenient pack sizes, from small Rs 5 and Rs 10 packs to larger 200-gram, 400-gram, 500-gram, 5-kg, and 20-kg packs. The company has total 14 employees.

The company recorded revenue from operations of Rs 6.39 crore and net profit of Rs 40.45 crore for the period as on 30 November 2023.

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The equity shares of Jay Kailash Namkeen (Scrip Code: 544160) are listed effective 08 April 2024 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities.

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