Jagdamba Polymers to Issue 35.58 Lakh Shares via IPO Filing on NSE Emerge Platform Under Book Building

Balasore, Sep 5, 2025 – Jagdamba Polymers Limited (proposed NSE Emerge) filed its Draft Red Herring Prospectus for a fresh issue of 33.88 lakh equity shares and an offer for sale of 1.70 lakh shares aggregating 35.58 lakh shares. The issue is via the Book Building route under SEBI ICDR Reg. 229(2) and 253(1) read with SCRR Rule 19(2)(b)(i). BRLM is Affinity Global Capital Market Private Limited, and the registrar is Cameo Corporate Services. Listing is to be proposed on NSE Emerge.

Key Highlights

• Offer size and structure: Fresh issue up to 33,88,000 shares and OFS up to 1,70,000 shares by Monsoon Tradelink Private Limited. Issue size up to 35,58,000 shares overall. Market Maker reservation and QIB/NII/Retail portion as per Chapter IX, SEBI ICDR.
• Use of proceeds: Working capital Rs 2,175.95 lakh, capex Rs 594.40 lakh, prepayment or repayment of certain loans Rs 363.42 lakh, and general purposes of the company, subject to the limits of SEBI.
• Proposed listing: NSE Emerge board of stock exchanges.
• Intermediaries: BRLM Affinity Global Capital Market Private Limited; Registrar Cameo Corporate Services Limited.
• IS: 100 per cent Book Building with possible Anchor Investor size as per regulations.

Share Capital Impact

After the planned public issue, the company’s paid-up equity share capital will go up from 10,160,000 shares (before issue) to 13,548,000 shares (after issue), on a face value of ₹10 per share. This change accounts for the infusion of equity by way of fresh issue as well as the Offer for Sale (OFS). As of now, the company’s equity shares are unlisted, but after the offer, they are planned to be listed on the NSE Emerge platform, entering the public capital markets.

Offer structure

Public issue of the company will comprise up to 35,58,000 equity shares. This consists of a new issue of up to 33,88,000 shares, while an offer for sale (OFS) of up to 1,70,000 shares will be made by Monsoon Tradelink Pvt Ltd.

As part of the allotment process, a stipulated portion of the issue shall be for the Market Maker and the rest of the shares shall be allotted over categories as per SEBI guidelines with not exceeding 50% of the net offer to Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and at least 35% for retail individual investors. Moreover, a maximum of 60% of the QIB portion can be placed with anchor investors, if applicable.

The shares of the company are to be listed on the NSE Emerge platform. The issue is being handled by Affinity Global Capital Market Pvt Ltd as the Book Running Lead Manager (BRLM), while Cameo Corporate Services Ltd will be the registrar.

Source: DRHP sections General Information, The Offer, Offer Structure

Utilisation of Proceeds

The funds raised through the issue will be invested by the company into a combination of growth, operations enhancement, and balance sheet optimisation. The largest amount, ₹2,175.95 lakh, will go towards working capital needs. Capital expenditure worth approximately ₹594.40 lakh will be used for investing in moulds, machinery, and accessories to improve production capacity.

Apart from this, the company will use ₹363.42 lakh for prepayment or repayment of specified secured loans, which would decrease its debt burden and interest expenses. The rest will be utilised towards general corporate purposes and issue-related costs, as per SEBI norms and final utilisation.

Regulatory Framework

• SEBI ICDR Regulations: Reg. 229(2) and 253(1) for Book Building on SME platform.
• SCRR Rule 19(2)(b)(i): Public offer compliance for SME listing.
• Designated exchange: NSE Emerge per Chapter IX of SEBI ICDR.

Segment and Governance Notes

• Proposed allocation to QIBs, NIIs and Individuals follows SEBI ICDR Chapter IX SME norms with provision for Anchor Investors.
• Minimum Promoter Contribution and applicable lock-ins to be as per Reg. 236–243.

Company Snapshot

Jagdamba Polymers produces plastic houseware and moulded furniture branded “Ankur”, with a spread in several states and some export channels. The promoters are Chandra Prakash Bhartia, Manju Bhartia, Chandra Prakash Bhartia (HUF), and Empire Dealers Pvt Ltd. FY25 consolidated top line was Rs 6,451.80 lakh, and PAT was Rs 795.27 lakh. Outstanding borrowings were Rs 990.42 lakh as of Mar 31, 2025.

REF: https://nsearchives.nseindia.com/emerge/corporates/content/Registration_04092025215007_FINAL_DRHP.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations