Ever since the introduction of the SME platform of the Bombay Stock Exchange, there have been a slew of Small and Medium Enterprises vying to issue their shares up for public subscription. Jetmall Spices and Masala Ltd is the latest SME to have approached the public with an upcoming IPO. Continue reading if you’re interested in knowing about the Jetmall Spices and Masala Ltd IPO details.
About the company
Incorporated just 9 years ago in 2012, Jetmall Spices and Masala Ltd is a company that’s headquartered in Chennai. In line with its name, the entity is in the business of marketing and trading various spices, masalas, dry fruits, and other food products.
Jetmall Spices and Masala Ltd operates under a B2B business model, where it imports spices from countries such as Indonesia, Srilanka, and Vietnam, among others in bulk and then resells them to other businesses.
Jetmall Spices and Masala Ltd IPO details
Now that you’re aware of the company, let’s take a look at the key details of the latest IPO, which includes the Jetmall Spices and Masala Ltd IPO date and the Jetmall Spices and Masala Ltd IPO share price.
Jetmall Spices and Masala Ltd IPO date
The new IPO of Jetmall Spices and Masala Ltd is scheduled to open on March 31, 2021. The issue would then come to a close on April 7, 2021.
Jetmall Spices and Masala Ltd IPO issue size
The company is looking to issue around 24,90,000 equity shares via the upcoming IPO. The total value of this issue is likely to come up to Rs. 4.98 crores.
Jetmall Spices and Masala Ltd IPO share price
The share price for the latest IPO has also been set by the company. According to the filings, the IPO price would be Rs. 20 per equity share, out of which Rs. 10 would be the share premium.
Jetmall Spices and Masala Ltd IPO listing
The new IPO from Jetmall Spices and Masala Ltd would be listed on the SME platform of the Bombay Stock Exchange, for which the company has also received an in-principle approval from the exchange.
Jetmall Spices and Masala Ltd IPO objectives
The company is looking to use the net proceeds from the IPO for the purpose of starting up 10 new retail outlets and meeting its working capital requirements.
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