Jiwanram Sheoduttrai Industries Limited
NSE SME₹138,000 / 6000 Shares
IPO Details
Jiwanram Sheoduttrai Industries Limited IPO is priced between ₹23 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Cameo Corporate Services Limited is managing the issue as the registrar.
The IPO bidding period opened on 8 Sep, 2023, and closed on 12 Sep, 2023. The allotment results will be announced on 15 Sep, 2023, with a tentative listing date set for 18 Sep, 2023.
The total issue comprises 7,422,000 shares, amounting to ₹17.07 Cr.
Jiwanram Sheoduttrai Industries Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Sep 8, 2023 - Sep 12, 2023 | 18 Sep, 2023 | ₹10 Per Equity Share | ₹23 per equity share | - | Shares | - | NSE SME |
Jiwanram Sheoduttrai Industries Limited IPO Timeline
Issue Price
₹23 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Cameo Corporate Services LimitedMarket Lot
6000 Shares (₹138,000/-)Lead Manager
Affinity Global Capital Market Private LimitedIssue Size
7,422,000 shares(aggregating up to ₹17.07 Cr)Retail Portion
50%Subscription
110.70 timesJiwanram Sheoduttrai Industries Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 12112.36 | 4598.41 | 402.65 | - | - | - |
| 31 Mar 22 | 11377.25 | 3414.89 | 149.69 | - | - | - |
| 31 Mar 21 | 12104.17 | 3281.34 | 2.98 | - | - | - |
All values are in ₹ Lakh
About Company
Jiwanram Sheoduttrai Industries Limited manufactures and exports Industrial Safety Gloves and Garments.
The company manufactures industrial garments and gloves and exports head-to-toe safety wear, workwear, and more. It has manufacturing units located in Baruipur, Nandankanan, and Falta SEZ West Bengal.
Jiwanram Sheoduttrai Industries' business can be classified under three verticals:
Industrial Leather Gloves which are classified as Canadian, Welder, Driver, Mechanical, Combi, Hi-Vis, etc.; are Thinsulate lined and kevlar stitched as per the customization requirements of the customers.
Industrial Garments which are classified as Fire retardant, high visibility, water repellent, U.V protection, oil and soil repellent, anti-bacterial, anti-peeling, etc.; manufactured as per the specifications of the customers.
Work and Casual wear Manufacturing of Hospital Garments, Hotel Industry Garments, shirts, trousers, Jeans, jackets, and T-shirts on an order basis.
JSI's clientele comes from countries like the United States of America, Spain, Germany, and Belgium.
Jiwanram Sheoduttrai Industries Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,522,000 | 3,528,000 | 7,050,000 |
| Day 1 - 08-09-23 06:00 PM | 1.29 x | 10.76 x | 6.03 x |
| Day 2 - 11-09-23 06:00 PM | 9.80 x | 63.49 x | 36.73 x |
| Day 3 - 12-09-23 06:00 PM | 65.17 x | 151.60 x | 110.70 x |
Jiwanram Sheoduttrai Industries Limited IPO - Issue Objectives
- To meet the working capital requirements.
- Prepayment and repayment of all or a portion of certain unsecured loans availed by the company.
- General Corporate Purpose and to meet the offer expenses.