THIS IS PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.

	JAY KAILASH NAMKEEN LIMITED
	Corporate Identity Number: U15549GJ2021PLC123708

Our Company was originally incorporated as 'Jay Kailash Namkeen (OPC) Private Limited1 underthe provisions of Companies Act, 2013 vide Certificate of Incorporation dated June 30,2021 bearing Registration Number 123708 issued by Registrar of Companies, Ahmedabad. Subsequently, our Company acquired the running business of proprietorship firm M/S. Kailash Namkeen via Business Transfer Agreement dated July 26,2021. Further our Company was converted into a Private Limited Company vide Special Resolution passed by the shareholders at the Extra- Ordinary General Meeting held on April 14,2022 and consequently the name of the Company was changed from 'Jay Kailash Namkeen (OPC) Private Limited' to 'Jay Kailash Namkeen Private Limited' vide fresh Certificate of Incorporation granted to our Company consequent upon conversion into Private Limited Company dated May 25,2022 by Registrar of Companies, Ahmedabad, bearing Corporate Identity Number U15549GJ2021PTC123708. Subsequently, our Company was converted into a public limited company vide Special Resolution passed by the shareholders at the Extra- Ordinary General Meeting held on June 06,2022 and consequently the name of the Company was changed from 'Jay Kailash Namkeen Private Limited' to 'Jay Kailash Namkeen Limited' vide fresh Certificate of Incorporation granted to our Company consequent upon conversion into public limited company dated June 14,2022 by Registrar of Companies, Ahmedabad bearing Corporate Identity Number U15549GJ2021PLC123708. For details of incorporation, change of name and registered office of our Company, please referto chapter titled "General Information" and "History and Corporate Structure" beginning on page 50 and 141 respectively of the Prospectus.

INITIAL PUBLIC ISSUE OF 16,33,600 EQUITY SHARES OF FACE VALUE OF Rs. 1 0 /- EACH ("EQUITY SHARES") OF JAY KAILASH NAMKEEN LIMITED ("COMPANY") FOR CASH AT A PRICE OF Rs. 73/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 63/- PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs.1192.53 LAKHS OF WHICH 83,200 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 73/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 63/- PER EQUITY SHARE) AGGREGATING TO Rs. 60.74 LAKHS WAS RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 15,50,400 EQUITY SHARE OF FACE VALUE OF Rs.10/- EACH AT A PRICE OF Rs. 73/- PER EQUITY SHARE AGGREGATING TO Rs. 1137.79 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 32.69% AND 31.03% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.THE FACE VALUE OF EQUITY SHARES IS Rs. 10 EACH.

a. The average cost of acquisition of shares of our Promoters are as follows:

# The average cost of acquisition of Equity Shares by our Promoters have been calculated by taking into account the amount paid by them to acquire the shares by way of allotment and Transfer as reduced by amount received on sell of shares i. e. net of sale consideration is divided by net quantity of shares acquired.

As certified by KumbhatH Co., Chartered Accountants by way of their certificate dated March 01,2024. b. Weighted Average Cost of Acquisition for all Equity Shares transacted in one year, eighteen months and three years preceding the date of the Prospectus by all the shareholders:

* Range of acquisition with price Rs. 0 is of Bonus Shares.

#As certified by Kumbhat & Co., Chartered Accountants by way of their certificate dated March 13,2024. c. The weighted average cost of acquisition compared to floor price and cap price.

The Merchant Banker associated with the Issue has handled 6 public issues out of which 2 issue closed below issue price on listing date.

* BRLM associated with the issuer has handled 6 Public issues in last 3 Financial years, below are the details;

e. The Price/Earnings ratio based on diluted EPS lor Fiscal 2023 for our Company at the upper end of the Price Band is 24.09 times. f. Weighted Average Return on Net Worth for fiscals 2023,2022 and 2021 is 53.97%. g. We have a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult for investors to evaluate our business and prospects. h. Our Company is being promoted by a first-generation entrepreneur. i. We do not own the premises in which our registered office and manufacturing facility is located and the same is on leave and license arrangement. Any termination of such license and non-renewal thereof could adversely affect our operations. j. There has been an instance of delay in payment of statutory dues and filing of statutory returns by our Company. k. Our inability to create, expand and effectively manage our distribution network may have an adverse effect on our business, results of operations and financial condition.

We may not be successful in our B2C line of business. m. We do not have long term agreements with suppliers for our raw materials and an increase in the cost of or a shortfall in the availability of such raw materials could have an adverse effect on our business, results of operations and financial condition. n. Our Company had previously filed for Initial Public Offer on National Stock Exchange of India on February 11,2023 and the same was withdrawn on April 23,2023. Further, our Company had filed Draft Red Herring Prospectus on August 25,20 23 with BSE SME Platform and the same was withdrawn on December 28,2023.

This Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ('SCRR") read with Regulation 229 of the SEBI ICDR Regulations and in compliance with Regulation 253 of the SEBI ICDR Regulations wherein not more than 30.00% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"). Further, 5.00% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5.00% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 20.00% of the Net Issue shall be available for allocation on a proportionate basis to Non-lnstitutional Investors and not less than 50.00% of the Net Issue shall be available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All Bidders are required to participate in the Issue by mandatorily utilizing the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) in which the corresponding Bid Amounts will be blocked by the Self Certified Syndicate Banks ("SCSBs") or underthe UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. For details, see "Issue Procedure" on page 215 of the prospectus.

The investors are advised to referto the Prospectus forthe full text of the Disclaimer clause pertaining to BSE. For the purpose of the Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about April 08,2024*.

*Sub/ectto the receipt oflisting and trading approval from BSESME Platform.

Details of applications received in the Issue from Retail Investors, Non-lnstitutional Investors and QIBs are as under (before technical rejections):

Final Demand:

A Summary of the final demand as per BSE as on Bid/lssue closing date at different Bid Price is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-BSE on April 04,2024

A. Allotment to Market Maker (AfterTechnical Rejections & Withdrawal):

The Basis of Allotmentto Market Makerwho have bid at Issue Price of * 73/- per Equity Shares or above, was finalized in consultation with BSE Ltd. The category was subscribed by 1.00 times i.e. for 83200 Equity shares the total number of shares allotted in this category is 83200 Equity Shares. The category wise details of the Basis of Allotment are as under:

• Retail Individual Investors Category (AfterTechnical Rejections & Withdrawals):

The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off Price or at or above the Issue Price of Rs.73/- per equity shares, was finalized in consultation with The BSE Limited category was subscribed by 50.09 times i.e. for 3,88,70,400 Equity Shares. Total number of shares allotted in this category is 7,76,000 Equity Shares to 485 successful applicants. The category wise details of the Basis of Allotment as under:

• Non Institutional Investors category (After Technical Rejections & Withdrawals):

The Basis of Allotmentto Other than Retail Individual Investors, who have bid at Issue Price of Rs. 73/- per equity shares or above, was finalized in consultation with BSE Limited The category was subscribed by 68.24 times i.e. for 2,11,80,800 Equity Shares the total number of shares allotted in this category is 3,10,400 Equity Shares to 144 successful applicants. The category wise details ofthe Basis of Allotment are as under:

C. Allotment to Qualified Institutional Buyers (QIBs) (AfterTechnical Rejections & Withdrawals):

The Basis of Allotmentto QIBs, who have bid at Issue Price of Rs. 73/- per Equity Shares or above, was finalized in consultation with BSE Limited The category was subscribed by 2.14 times i.e. for 9,92,000 Equity shares the total number of shares allotted in this category is 4,64,000 Equity Shares to 5 successful applicants. The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on April 4,2024 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the coqporate action for issue of the Equity Shares to various successful applicants. The CAN-cum-allotment advices and/or notices will be forwarded to the email id's and address ofthe Applicants as registered with the depositories/ as filled in the application form on or before April 5,2024. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount will process on or prior to April 4,2024. In case the same is not received within two working days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted fortrading on the SME platform of BSE Limited ("BSE SME") within three working days from the date ofthe closure ofthe issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated April 4,2024 ("Prospectus") filed with Registrar of Companies, Ahmedabad.

The details of the Allotment made have been hosted on the website of Registrar to the Issue, Skyline Financial Services Private Limited at www.skvlinerta.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant. Serial number of the ASBA form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

	SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
	D-153A, 1 stfloor, Okhla Industrial area, Phase I, New Delhi, 110020, India.
	Telephone: 0114045 0193/197
	Facsimile: 011 2681 2683
	Email: ioo@skvlinerta.com
	Investor Grievance Email: orievances@skvlinerta.com
	Contact Person: Mr. Anuj Rana
	Website: www.skvlinerta.com
	SEBI Registration Number: INR000003241
	CIN:U74899DL1995PTC071324

Jay Kailash Namkeen Limited has filed the Prospectus dated April 04, 2024 with Registrar of Companies, Ahmedabad. The Prospectus shall be available on the website of the SEBI at www.sebi.aov.in. the website of the BRLM to the Issue at www.exDertalobal.in and website of BSE at www.bseindia.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see section titled "Risk Factors' beginning on page 29 of the Prospectus.

The Equity Shares offered in the Issue have not been and will not be registered underthe U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable U.S. state securities laws. There will be no public offering in the United States and the securities being offered in this announcement are not being offered or sold in the United States.