Jeyyam Global Foods IPO

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.

Jeyyam Global Foods IPO Strengths

• Chana-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.

Jeyyam Global Foods IPO Risks

• Dependency 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.