Jay Kailash Namkeen Ltd Share Price

(544160)

Jay Kailash Namkeen Ltd was originally incorporated on June 30 2021 as Jay Kailash Namkeen OPC Private Limited with the Registrar of Companies. Subsequently Company acquired the running business of Proprietorship Firm M/s. Kailash Namkeen via Business Transfer Agreement dated July 26 2021 which consequently changed the name of the Company to Jay Kailash Namkeen Private Limited on May 25 2022. Finally Company got converted into Public Limited Company and its name was changed to Jay Kailash Namkeen Limited vide fresh Certificate of Incorporation dated June 24 2022 issued by the Registrar of Companies Ahmedabad.Prior to incorporation of the Company M/s. Kailash Namkeen a Proprietorship Firm was founded by Nishitbhai Navinbhai Sonchhatra which engaged in the business of manufacturing Namkeen in Rajkot Gujarat. However the Company had taken over running business of the said Proprietorship Firm vide Business Transfer Agreement executed on July 26 2021 for expansion of business.Led by the Promoter Neel Narendrabhai Pujara the Company is presently engaged in the business of manufacturing of packaged Indian snacks. Their range of Indian snacks includes Chana Jor Namkeen Masala Chana Jor Pudina Chana Masala Mung Jor Plain Mung Jor Bingo Triangle Soya Sticks Haldi Chana etc. It has a production capacity of 2300 tonnes annually at manufacturing facility. It is engaged into wholesale trade of Chana Jor namkeen. Its diversified product portfolio is therefore relatively less susceptible in consumer preferences market trends and risks of operating in a particular product segment.Till March 2022 the Company had been focusing on B2B business wherein it manufacture products for recognised players into the industry. However from April 2022 onward the Company started a new line of business i.e. B2C Business to Consumer wherein it sought to increase the penetration of products by appointing new distributors and retailers.The Company is proposing the public issue of issuing upto 1440000 equity shares through fresh issue..