JEYYAM IPO: Comprehensive Overview for Investors
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.