Established in 2008, Jeyyam Global Foods Limited, formerly known as Kichoni Online Services Private Limited, is a prominent player in the food industry, specialising in the production and processing of Bengali chickpeas (locally known as 'Chana'), Fried Gram, and Besan Flour. The company supplies its high-quality products to a diverse market that includes distributors, large retailers, hotels, restaurants, caterers, branded supermarkets, and wholesalers.
Jeyyam Global Foods operates two factory locations in Ammalamudugu and Devattipatti, both of which are FSSAI-licensed. The company ensures that these facilities adhere to ISO 9001:2015 and ISO 22000:2018 standards, with the Salem factory also holding ISO certification. As of March 31, 2024, Jeyyam employed 155 permanent staff members.
The company's product portfolio includes various types of fried gram and gram flour under the "Jeyyam" and "Leader" brands. Known for its unwavering commitment to quality, the Jeyyam brand has earned the trust and loyalty of its distributors, retailers, and customers through complete transparency and strict adherence to statutory norms.
With over 15 years of experience in the food industry, Jeyyam Global Foods is expanding its product range to enter the B2C market with offerings such as spices, ready-to-cook and ready-to-eat foods, salt, sugar, soya, and vermicelli.
Industry Outlook:
- India's food processing sector exported products worth $25.6 billion in FY22, with exports of processed fruits and vegetables growing by 59.1%.
- The Indian food and grocery retail market, valued at $11.3 trillion in 2021, is among the largest globally, highlighting India's significant role in food production.
Jeyyam Global Foods Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Working Capital Requirements
- Capital Expenditures
- General Corporate Purposes
Peer Details
The only listed company Jeyyam Global Foods considers as its peers is Sameera Agro And Infra Limited.
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Contact Details of Jeyyam Global Foods Limited IPO
- Registered office: No.37 (Old No.19), Padmavathiyar Road, Gopalapuram, Chennai – 600 086
- Phone: 044-4505 4101, 044-2835 1835, +91-90034 02000
- E-mail: info@jeyyamfoods.in
IPO Financials
| Particulars | As of November 30, 2023 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 37,563.66 | 38,217.00 |
| Profit After Tax (PAT) (in ₹ lakh) | 942.68 | 786.80 |
| Current Ratio (x) | 1.49 | 1.24 |
| Net Worth (in ₹ lakh) | 7,455.98 | 6,513.60 |
| Total Borrowings (in ₹ lakh) | 9,769.78 | 9,226.05 |
| Return on Equity (%) | 12.64% | 12.08% |
| Return on Capital Employed (RoCE) (%) | 17.06% | 15.22% |
| Earnings Per Share (in ₹) | 154.42 | 128.88 |
Know before investing
Strengths
6Chana-focused manufacturing with extensive R&D and minimal competition.
Strong B2B presence serving supermarkets, wholesalers, and importers.
Advanced manufacturing facilities with automated, soft-touch technology.
Expanding into B2C market with kitchen essentials, leveraging R&D.
Robust distribution network across South India, planning national expansion.
Premium "Jeyyam" brand known for quality, adhering to ISO standards.
Risks
6Dependency on Chana products generates 98% of revenue.
Geographic sales concentration risks with 82% in Tamil Nadu.
Top 10 customers contribute 46% of total revenue.
Material costs account for 89.42% of revenue from operations.
Failure to renew essential licenses may disrupt business operations.
Outstanding legal proceedings involve ₹2.26 crore tax demands.
