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Current IPO Spotlight: Jay Kailash Namkeen Limited IPO (March 28 - April 3, 2024)

Here's your chance to delve into the exciting world of IPOs with the Jay Kailash Namkeen Limited IPO. Scheduled from March 28 to April 3, 2024, this IPO presents a unique opportunity to invest in a book-built issue worth Rs 11.93 crores, comprising entirely of fresh shares amounting to 16.34 lakh.

Key IPO Details:
- Opening Date: March 28, 2024
- Closing Date: April 3, 2024
- Allotment Date: Expected on April 4, 2024
- Listing Date: Tentatively set for April 8, 2024
- Price Band: ₹70 to ₹73 per share
- Minimum Lot Size: 1600 Shares
- Retail Investor Minimum Investment: ₹116,800
- HNI Minimum Investment: ₹233,600 (2 lots)

Why Invest in Jay Kailash Namkeen IPO?

Jay Kailash Namkeen Limited, established in 2021, is a prominent player in the packaged Indian snacks industry. Their diverse product portfolio includes a range of popular snacks catering to various tastes and preferences across different regions of India. With a robust production facility located in Rajkot, Gujarat, boasting a capacity of 10 tons per working day, the company is poised for growth and expansion.

Financial Performance Snapshot:
- Revenue: ₹646.19 Lakhs (as of Nov 30, 2023)
- Profit After Tax: ₹40.45 Lakhs (as of Nov 30, 2023)
- Market Capitalization: ₹36.48 Crores (as of March 31, 2023)
- Key Performance Indicators: ROE - 24.72%, ROCE - 31.91%, Debt/Equity - 0.61, PAT Margin - 9.06%

Objectives of the Issue:
The proceeds from the IPO will primarily be utilized to meet the company's working capital requirements and for general corporate purposes, ensuring sustained growth and development.
Don't Miss Out on This Opportunity!

Seize the opportunity to be part of Jay Kailash Namkeen's growth story by investing in their IPO. With 5paisa, your investment journey becomes seamless and rewarding. Sign up today using the referral code RUBI114 or click [here](https://5paisa.page.link/1AV8Cap2rDk28bdn7) to open a FREE account and unlock a world of investment possibilities!

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