| IPO date | 28 Mar 2024 – 03 Apr 2024 |
| Listing date | 08 Apr 2024 |
| Price range | 70 – 73 |
| Minimum order quantity | 1600 | (D)RHP | View |
Jay Kailash Namkeen Limited is launching its IPO. The offer opens for subscription on March 28, 2024, and closes on April 3, 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Jay Kailash Namkeen Limited do?
Jay Kailash Namkeen Limited, originally incorporated as Jay Kailash Namkeen (OPC) Private Limited in June 2021, acquired the business of M/s. Kailash Namkeen in July 2021 and subsequently changed its name twice, first to Jay Kailash Namkeen Private Limited in May 2022, and then to Jay Kailash Namkeen Limited in June 2022.
The company, with Corporate Identity Number U15549GJ2021PLC123708, specializes in manufacturing packaged Indian snacks, offering a diverse range of products sold in various pack sizes, and has a production capacity of 10 tonnes per working day. Initially focused on B2B operations, supplying states across India, the company expanded into B2C business under its brand name Kailash in April 2022. Operating from its registered office and manufacturing facility in Rajkot, Gujarat, the company maintains high production standards, adhering to hygienic norms and quality management systems certified by FSSAI, ISO 9001:2015, and ISO 22000:2018.
Schedule/Timeline of Jay Kailash Namkeen Limited IPO
| Issue Period | 28th March to 3rd April 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 04, 2024 |
| Initiation of Refunds | April 05, 2024 |
| Credit of Shares | April 05, 2024 |
| Date of Listing | April 08, 2024 |
| Mandate end date | April 18, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 04, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | July 03, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Jay Kailash Namkeen Limited IPO?
You can apply for the Jay Kailash Namkeen Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Jay Kailash Namkeen Limited IPO?
You can check the allotment status for the Jay Kailash Namkeen Limited IPO on the website of the Registrar and Transfer agent.