Jetmall Spices and Masala Limited IPO (Jetmall Spices and Masala IPO) Details

Jetmall Spices and Masala Limited IPO Details;

Jetmall Spices and Masala Limited IPO (Jetmall Spices and Masala IPO) Details

Jetmall Spices and Masala Limited IPO Details: This company trades and sells spices, food ingredients, masalas, and dried fruits. Its product portfolio includes ready-to-eat meals, food grains, nuts, dried fruits, food additives, frozen foods, and foodstuffs, among other things. It imports spices from countries such as Sri Lanka, Vietnam, and Indonesia, among others, and supplies them in large quantities in India. It uses the B2B business model to market goods to a variety of parties such as masala producers, exporters, and so on.

Jetmall Spices and Masala Limited IPO Details:

IPO Opening Date March 31st, 2021
IPO Closing Date April 7th, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹20 per equity share
Market Lot 6,000 Shares
Min Order Quantity 6,000 Shares
Listing At BSE, SME
Issue Size 24,90,000 Eq Shares of ₹10
(aggregating up to ₹4.98 Cr)

Jetmall Spices and Masala Limited IPO Details:

This company trades and sells spices, food ingredients, masalas, and dried fruits. Its product portfolio includes ready-to-eat meals, food grains, nuts, dried fruits, food additives, frozen foods, and foodstuffs. However, the issue is going to be opened on the 31st of March and it will be closed on 7th April 2021. Hence, the face value is Rs. 10/- per equity share. But, the IPO price is Rs. 20/- per share. However, the minimum market lot is set at 6,000 shares per lot. Moreover, the minimum order quantity for buying is 6,000 shares. Further, the stock listing at BSE, SME. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. ₹4.98 Crores.

Objects of the Issue:

    • Setting up 10 new retail outlets.
    • To meet the company’s working capital requirements.
    • General corporate purposes.
    • To meet issue expenditures.

Prospectus Documents:

IPO DRHP

Company Contact Information:

Jetmall Spices and Masala Limited
87A, Govindappa Naicken Street,
Sowcarpet, Chennai – 600 001

Phone: 044-2536 0269
Email: jetmallltd@gmail.com
Website: https://jetmallltd.com/

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