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Jiwanram Sheoduttrai IPO is a fixed price issue of ₹17.07 crores. The issue is entirely a fresh issue of 0.74 crore shares of ₹17.07 crore.
Jiwanram Sheoduttrai IPO bidding started from Sep 8, 2023 and ended on Sep 12, 2023. The allotment for Jiwanram Sheoduttrai IPO was finalized on Sep 15, 2023. The shares got listed on NSE SME on Sep 18, 2023.
Jiwanram Sheoduttrai IPO price is ₹23.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,76,000.
Affinity Global Capital Market Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Jiwanram Sheoduttrai IPO RHP for detailed Information.
| IPO Date | September 8, 2023 to September 12, 2023 |
| Listing Date | September 18, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹23 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 74,22,000 shares (aggregating up to ₹17.07 Cr) |
| Reserved for Market Maker | 3,72,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹0.8556 Cr) |
| Net Offered to Public | 70,50,000 shares (aggregating up to ₹16.22 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,73,26,225 shares |
| Share Holding Post Issue | 2,47,48,225 shares |
Jiwanram Sheoduttrai Industries IPO offers total 74,22,000 shares. Out of which 35,22,000 (47.45%) allocated to NII, 35,28,000 (47.53%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,72,000 (5.01%) |
| NII (HNI) Shares Offered | 35,22,000 (47.45%) |
| Retail Shares Offered | 35,28,000 (47.53%) |
| Total Shares Offered | 74,22,000 (100.00%) |
Jiwanram Sheoduttrai IPO opens on September 8, 2023, and closes on September 12, 2023.
| IPO Open Date | Fri, Sep 8, 2023 |
| IPO Close Date | Tue, Sep 12, 2023 |
| Tentative Allotment | Fri, Sep 15, 2023 |
| Initiation of Refunds | Mon, Sep 18, 2023 |
| Credit of Shares to Demat | Wed, Sep 20, 2023 |
| Tentative Listing Date | Mon, Sep 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 12, 2023 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,38,000 |
| Retail (Max) | 1 | 6,000 | ₹1,38,000 |
| HNI (Min) | 2 | 12,000 | ₹2,76,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1997, 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:
JSI's clientele comes from countries like the United States of America, Spain, Germany, and Belgium.
The company recorded total revenue of Rs. 40.69 Lacs, Rs. 32.48 Lacs, and Rs. 29.25 Lacs in Fiscal 2023, 2022, and 2021 respectively.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 12,104.17 | 11,377.25 | 12,112.36 |
| Total Income | 3,281.34 | 3,414.89 | 4,598.41 |
| Profit After Tax | 2.98 | 149.69 | 402.65 |
| Net Worth | 4,307.14 | 4,428.27 | 4,802.36 |
| Reserves and Surplus | 3,812.11 | 3,933.24 | 3,069.74 |
| Total Borrowing | 4,883.69 | 5,230.92 | 5,258.99 |
The market capitalization of Jiwanram Sheoduttrai IPO is ₹56.92 Cr.
| KPI | Values |
|---|---|
| ROE | 8.38% |
| ROCE | 7.29% |
| Debt/Equity | 1.10 |
| RoNW | 8.38% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is engaged in the manufacturing and marketing of various kinds of industrial safety. It has posted growth in its top and bottom lines for the reported periods, with a quantum jump in FY23 performance. Based on super earnings posted in the last fiscal, the issue appears fully priced. JSIL is spending Rs. 2.76 cr. for this IPO process, which indicates a fully structured mode of this issue. Well-informed investors may consider parking funds for medium to long-term rewards. Read detail review...
| Listing Date | September 18, 2023 |
| BSE Script Code | |
| NSE Symbol | JIWANRAM |
| ISIN | INE0N5H01017 |
| Final Issue Price | ₹23 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹23.00 |
| Open | ₹30.00 |
| Low | ₹28.50 |
| High | ₹30.00 |
| Last Trade | ₹28.50 |
Jiwanram Sheoduttrai Industries Ltd.
30D,
Jawaharlal Nehru Road,
2nd Floor,
Kolkata, West Bengal, 700016
Phone: +91 33 4016 9500
Email: investor@jiwan.co.in
Website: https://www.jiwanramgroup.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Jiwanram Sheoduttrai IPO is a SME IPO of 74,22,000 equity shares of the face value of ₹10 aggregating up to ₹17.07 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000.
The IPO opens on September 8, 2023, and closes on September 12, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jiwanram Sheoduttrai IPO using UPI as a payment gateway. Zerodha customers can apply in Jiwanram Sheoduttrai IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jiwanram Sheoduttrai IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jiwanram Sheoduttrai IPO opens on September 8, 2023 and closes on September 12, 2023.
Jiwanram Sheoduttrai IPO lot size is 6000, and the minimum amount required for application is ₹1,38,000.
You can apply in Jiwanram Sheoduttrai IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jiwanram Sheoduttrai IPO will be done on Friday, September 15, 2023, and the allotted shares will be credited to your demat account by Wednesday, September 20, 2023. Check the Jiwanram Sheoduttrai IPO allotment status.
The Jiwanram Sheoduttrai IPO listing date is on Monday, September 18, 2023.
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