JEYYAM IPO: Comprehensive Overview for Investors

Published On: 01/09/20242.3 min read

The JEYYAM Initial Public Offering (IPO) is scheduled to run from September 2 to September 4, 2024, presenting a significant opportunity for investors. The IPO aims to raise capital through a fresh issue of 1,20,88,800 equity shares and an offer for sale of up to 13,43,200 equity shares. The issue is structured as a 100% book-building process, with the price range set between Rs. 59 to Rs. 61 per equity share, and a face value of Rs. 5.

Key Details:

  • Bid Lot: The minimum order quantity is set at 2,000 equity shares, and bids must be placed in multiples of 2,000 equity shares.
  • Retail Investor Limit: Retail investors can subscribe to a maximum of Rs. 2,00,000 worth of shares.
  • Cut-off Time for UPI Mandate Confirmation: The deadline for UPI mandate confirmation is 5:00 PM on September 4, 2024. Investors are advised to submit their applications well before this time to avoid any last-minute technical issues that could prevent successful participation in the IPO.
  • Maximum Bid Quantity: Qualified Institutional Buyers (QIBs) can bid for up to 89,84,000 equity shares, while Non-Institutional Bidders (NIBs) can bid for up to 63,80,000 equity shares, both in multiples of 2,000 shares.

Compliance with SEBI Regulations: As per the Securities and Exchange Board of India (SEBI) circular SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated June 28, 2019, intermediaries are required to retain physical application forms submitted by retail investors using UPI as a payment mechanism for six months. These forms are then to be forwarded to the issuer or Registrar to Issue. However, in the case of electronic forms, printouts do not need to be retained or sent to the issuer, although electronic records must be maintained for a minimum of three years.

Key Entities Involved:

  • Book Running Lead Manager: Corpwis Advisors Private Limited
  • Sponsor Bank: Indusind Bank Limited
  • Registrar: Kfin Technologies Limited

Additional Information:

  • IPO Market Timings: The IPO will be open for bidding from 10:00 AM to 5:00 PM during the issue period.
  • Modification Window: Investors should note that the dedicated window provided for bid modification will not be available after the last day of bidding. Any modifications to selected fields such as DP ID/Client ID, PAN ID, Bank Code, and Location Code must be done during the bidding period.
  • UPI Payment Option: Investors using the UPI payment mechanism should ensure timely acceptance of the mandate to avoid disqualification.

For further details, including downloadable documents like the Red Herring Prospectus, Security Parameters, and Sample Application Forms, investors can refer to the attachments provided by the issuer. The issuer also provides video links for UPI-based ASBA processes and BHIM UPI registration to assist investors in navigating the application process.

This IPO offers a promising investment opportunity with a well-structured offering and clear guidelines for participation, making it an attractive proposition for both retail and institutional investors alike.

Latest News

Investor Education

IPO for Beginners: Understand How Initial Public Offerings Work

New to IPOs? Learn how Initial Public Offerings work, their benefits, risks, and how you can invest smartly in upcoming public companies.

Investing in an Initial Public Offering (IPO) can be an exciting opportunity for investors. IPOs offer a chance to get in on the ground floor of a company’s growth potential. This guide will provide you with the basics of IPO investment, including its benefits, risks, and why companies choose to go public.

Introduction to Mutual Funds: A Beginner’s Guide to Smart Investing

Explore how mutual funds help diversify your investments. This beginner’s guide explains types, benefits, and key tips for mutual fund investing.

Mutual funds have become a popular investment choice for individuals seeking to diversify their portfolios and achieve their financial goals. For beginners, understanding the basics of mutual funds is the first step towards making informed investment decisions.

Stock Market Basics: A Beginner’s Guide to Investing in Shares

Learn how the stock market works, why it's essential to the economy, and how you can start trading confidently as a first-time investor.

The stock market is often described as the backbone of modern economies. It’s a dynamic platform where individuals and institutions come together to trade shares of publicly listed companies. For beginners, the stock market might seem like a complex and intimidating space, but in reality, it’s a structured marketplace that fuels economic growth and provides opportunities for wealth creation.