Fixed Price IPO | ₹17 Cr | Listed at NSE SME | Fri, Sep 8, 2023 - Tue, Sep 12, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 8, 2023
IPO Close
Tue, Sep 12, 2023
Issue Price
₹23 per share
Market Cap (Pre-IPO)
₹56.92 Cr
| IPO Date | 8 to 12 Sep, 2023 |
| Listed on | Mon, Sep 18, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹23 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 74,22,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 3,72,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹0.8556 Cr) |
| Fresh Issue (Ex Market Maker) | 70,50,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 70,50,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 1,73,26,225 shares |
| Share Holding Post Issue | 2,47,48,225 shares |
| NSE Symbol | JIWANRAM |
| ISIN | INE0N5H01017 |
Jiwanram Sheoduttrai IPO comprises a total issue size of 74,22,000 shares. The net offer to the public is 70,50,000 shares, after excluding 3,72,000 shares allotted on a firm basis. Of the Net offer 35,22,000 (49.96%) allocated to NII 35,28,000 (50.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 35,22,000 | 49.96% | 47.45% |
| Retail Shares Offered | 35,28,000 | 50.04% | 47.53% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,72,000 | 5.01% | |
| Total Shares Offered | 74,22,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 121.12 | 113.77 | 121.04 |
| Total Income | 45.98 | 34.15 | 32.81 |
| Profit After Tax | 4.03 | 1.50 | 0.03 |
| NET Worth | 48.02 | 44.28 | 43.07 |
| Reserves and Surplus | 30.70 | 39.33 | 38.12 |
| Total Borrowing | 52.59 | 52.31 | 48.84 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 9.11 |
| 2 | Prepayment and repayment of all or a portion of certain unsecured loan availed by our company | 2.00 |
| 3 | General Corporate Purpose and | 3.20 |
| 4 | To meet the offer expenses | 2.76 |
| KPI | |
|---|---|
| ROE | 8.38% |
| ROCE | 7.29% |
| Debt/Equity | 1.10 |
| RoNW | 8.38% |
| PAT Margin | 9.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.32 | |
| P/E (x) | 9.91 | 14.11 |
| Promoter Holding | 100% | 70.01% |
| Market Cap | ₹56.92 Cr. |
The Jiwanram Sheoduttrai Industries IPO is subscribed 112.96 times on September 12, 2023 7:29:00 PM (Day 3). The public issue subscribed 151.47 times in the retail category, [.] times in the QIB category, and 69.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 69.75 | 35,22,000 | 24,56,76,000 |
| Retail | 151.47 | 35,28,000 | 53,43,78,000 |
| Total | 112.96 | 70,50,000 | 79,63,68,000 |
Total Application : 89,063
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 2.68 |
| 2 | Fees Payable to Advertising and Marketing Expenses Fees Payable to Regulators including Stock Exchange | 0.06 |
| 3 | Printing and Stationery Expenses | 0.01 |
| 4 | Brokerage & Selling Commission @ | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹23.00 |
| Open | ₹30.00 |
| Low | ₹28.50 |
| High | ₹30.00 |
| Last Trade | ₹28.50 |
Lead Manager Reports
Jiwanram Sheoduttrai IPO is a SME IPO of 74,22,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Sep 8, 2023, and closes on Tue, Sep 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 Fri, Sep 8, 2023 and closes on Tue, Sep 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 Wed, Sep 20, 2023. Check the Jiwanram Sheoduttrai IPO allotment status.
The Jiwanram Sheoduttrai IPO listing date is on Mon, Sep 18, 2023.
