Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Thu, Feb 23, 2023 - Tue, Feb 28, 2023
SVJ Enterprises IPO is a fixed price issue of ₹6.12 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹6.12 crore.
SVJ Enterprises IPO bidding started from Feb 23, 2023 and ended on Feb 28, 2023. The allotment for SVJ Enterprises IPO was finalized on Mar 3, 2023. The shares got listed on BSE SME on Mar 9, 2023.
SVJ Enterprises IPO price is ₹36 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to SVJ Enterprises IPO RHP for detailed Information.
IPO Open
Thu, Feb 23, 2023
IPO Close
Tue, Feb 28, 2023
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹20.06 Cr
| IPO Date | 23 to 28 Feb, 2023 |
| Listed on | Thu, Mar 9, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 17,01,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 87,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.3132 Cr) |
| Fresh Issue (Ex Market Maker) | 16,14,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 16,14,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 38,70,000 shares |
| Share Holding Post Issue | 55,71,000 shares |
| BSE Script Code | 543799 |
| ISIN | INE0JZS01010 |
SVJ Enterprises IPO comprises a total issue size of 17,01,000 shares. The net offer to the public is 16,14,000 shares, after excluding 87,000 shares allotted on a firm basis. Of the Net offer 8,07,000 (50.00%) allocated to NII 8,07,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,07,000 | 50.00% | 47.44% |
| Retail Shares Offered | 8,07,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 87,000 | 5.11% | |
| Total Shares Offered | 17,01,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 2009, SVJ Enterprises Limited is engaged in the manufacturing of Disposable Paper Plates. Earlier, they were in the production and trading of honey. The company carry business in India and abroad for manufacturing, buying, supplying, importing, exporting and selling honey products, food product, grains etc.
The product portfolio of the company revolves around the manufacturing of:
They have a well-equipped infrastructure to carry out all types of jobs tailor-made to customer requirements as per international standards. The company offers high-quality materials, scheduled delivery time, cost-effective products, efficient sales and services, and competitive prices at all times.
The promoters of the company are CA Suresh Jha and Mrs Veena Jha. They are the guiding force behind the success of the entity and offer their expertise such that the company thrives in every aspect.
Competitive Strengths:
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 6.70 | 6.79 | 4.98 | 3.76 |
| Total Income | 1.04 | 5.03 | 1.52 | 0.84 |
| Profit After Tax | 0.29 | 0.72 | 0.23 | -0.00 |
| NET Worth | 3.34 | 3.05 | 2.33 | 2.10 |
| Reserves and Surplus | 2.91 | 2.62 | 1.90 | 1.67 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 of the company | 4.70 |
| 2 | General Corporate Purpose | 1.02 |
| 3 | To meet the expenses of the Issue | 0.40 |
| KPI | |
|---|---|
| ROE | 23.47 |
| ROCE | 2.97 |
| Debt/Equity | 0.70 |
| RoNW | 23.47 |
| PAT Margin | 14.38% |
| EBITDA Margin | 24.74% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.38 | |
| P/E (x) | 12.9 | |
| Promoter Holding | 85.54% | 59.42% |
| Market Cap | ₹20.06 Cr. |
The SVJ Enterprises IPO is subscribed 1.49 times on February 28, 2023 6:58:00 PM (Day 4). The public issue subscribed 0.89 times in the retail category, [.] times in the QIB category, and 2.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.1 | 8,07,000 | 16,95,000 |
| Retail | 0.89 | 8,07,000 | 7,17,000 |
| Total | 1.49 | 16,14,000 | 24,12,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission, Brokerage, Selling Commission and upload Fees, Registrar to the Issue, Legal Advisors etc. and other out of Pocket Expenses | 0.32 |
| 2 | Advertising and Marketing Expenses | 0.03 |
| 3 | Regulators Including Stock Exchanges | 0.03 |
| 4 | Printing and distribution of Issue Stationary | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹38.00 |
| Low | ₹36.10 |
| High | ₹38.00 |
| Last Trade | ₹36.10 |
Lead Manager Reports
SVJ Enterprises IPO is a SME IPO of 17,01,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Feb 23, 2023, and closes on Tue, Feb 28, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SVJ Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in SVJ Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SVJ Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SVJ Enterprises IPO opens on Thu, Feb 23, 2023 and closes on Tue, Feb 28, 2023.
SVJ Enterprises IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in SVJ Enterprises 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 SVJ Enterprises IPO will be done on Friday, March 3, 2023, and the allotted shares will be credited to your demat account by Wed, Mar 8, 2023. Check the SVJ Enterprises IPO allotment status.
The SVJ Enterprises IPO listing date is on Thu, Mar 9, 2023.
