Jay Jagdamba Limited
UDRHP · filed 25 Aug 2026
This is a draft. SEBI has not cleared it, there is no final price yet, and it may never become an IPO.
Jay Jagdamba Limited is a company that manufactures products and is not currently loss-making, with a revenue of Rs 3162.089 crore and a profit of Rs 261.917 crore. The offer consists of a fresh issue of Rs 6000 crore with no offer for sale component. The company has demonstrated a strong financial trajectory with a revenue compound annual growth rate (CAGR) of 46.23 percent. The most material risks include investigations by law enforcement agencies against its promoters and the absence of definitive long-term supply agreements, which exposes the company to raw material price volatility and supply shortages.
What stands out
Risk factor. Our Promoters, Narayan Prasad Malpani and Ram Prakash Malpani and certain members of our promoter group, are involved in a criminal proceeding and are subject to investigations by law enforcement agencies, including the Economic Offences Wing and the Enforcement Directorate. Any adverse outcome in r
Risk factor. We have not entered into definitive long-term supply agreements with most of our suppliers, which may affect the availability and pricing of raw materials, and could have an adverse effect on our business, future prospects and future financial performance.
Risk factor. The absence of definitive supply agreements exposes us to risks related to price volatility, supply shortages, and disruptions in sourcing.
Primarily fresh capital. 100% of the offer is fresh issue, so most proceeds fund the company.
Strong revenue growth. Restated revenue CAGR of 46.2%.
How the offer is structured
Fresh issue
₹6.00k Cr
New capital into the company
OFS share
0%
- Pre-payment or re-payment of a portion of certain outstanding borrowings availed by our Company₹4.50k Cr
- General corporate Purposes
Restated financials
Revenue
₹3.16k Cr
Latest fiscal year
Profit after tax
₹262 Cr
Revenue CAGR
46.2%
Return on equity
12.5%
Debt / equity
0.64
PAT CAGR
125.5%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2024 | ₹1.48k Cr | ₹51.5 Cr | ₹612 Cr | |
| 2025 | ₹2.19k Cr | ₹161 Cr | ₹1.61k Cr | |
| 2026 | ₹3.16k Cr | ₹262 Cr | ₹2.09k Cr |
Promoters, litigation & related parties
Promoter (pre)
98.7%
Related-party
3.9%
Share of revenue
Except as disclosed in this section, there are no outstanding (i) criminal proceedings including matters which are at first information report stage involving our Company, its Subsidiaries, its Directors, Promoters, Key Managerial Personnel or Senior Management; (ii) all actions by any regulatory authorities and statutory authorities (including any notices by such authorities) against our Company, its Subsidiaries, its Directors, Promoters, Key Managerial Personnel or Senior Management; (iii) outstanding claims related to direct and indirect taxes, giving the number of cases and total amount. Provided that if the amount involved in any such claims exceeds the materiality threshold, such matter(s) have been disclosed on an individual basis; and (iv) other pending litigations involving our Company, Directors, Promoters, or Subsidiaries (other than proceedings covered under (i) to (iii) above) as determined to be material by our Board pursuant to the policy on materiality (“Materiality Policy”) approved by the Board of Directors, in each case involving our Company, Subsidiaries, Promoters and Directors (“Relevant Parties”). Further, except disclosed in this section, there are (i) no disciplinary actions including penalties imposed by the SEBI or the stock exchanges against our Promoters in the last five Fiscals preceding this Updated Draft Red Herring Prospectus-I including any outstanding action.
Risks the company discloses
Our Promoters, Narayan Prasad Malpani and Ram Prakash Malpani and certain members of our promoter group, are involved in a criminal proceeding and are subject to investigations by law enforcement agencies, including the Economic Offences Wing and the Enforcement Directorate. Any adverse outcome in relation to such proceeding, may impact our reputation, business, and operations.(Legal and Regulatory)
We have not entered into definitive long-term supply agreements with most of our suppliers, which may affect the availability and pricing of raw materials, and could have an adverse effect on our business, future prospects and future financial performance.(Operational)
The absence of definitive supply agreements exposes us to risks related to price volatility, supply shortages, and disruptions in sourcing.(Operational)
Our ability to maintain a stable supply chain depends on our relationships with suppliers, who may choose to discontinue or modify their business terms at any time.(Operational)
We are dependent on domestic and international third-party suppliers for the supply of our raw materials for our manufacturing operations.(Operational)
Our success depends on the uninterrupted supply of raw materials required for our manufacturing activities.(Operational)
Prices are negotiated for each purchase order, and while we generally have more than one supplier for each raw material, the absence of definitive supply agreements exposes us to risks related to price volatility, supply shortages, and disruptions in sourcing.(Operational)
During the COVID-19 pandemic, we experienced supply chain disruptions, including shortages, logistical delays, and price volatility in key raw materials such as scrap and ferro alloys.(Operational)
How this document reads, dimension by dimension
Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

