Jiwanram Sheoduttrai Industries IPO will open for subscription from 08 September 2023. The company aims for an issue size of ₹17.07 Cr through this IPO.
Company Overview
| Full name | Jiwanram Sheoduttrai Industries Limited |
| Sector | Textile |
| Industry | Textile |
| Company Website | https://www.jiwanramgroup.com/ |
About Company
Incorporated in 1997, Jiwanram Sheoduttrai Industries is engaged in the manufacturing and export of Industrial Safety Gloves and Garments which provide customized solutions in the field of Industrial Safety. The endeavor is complimented by the manufacturing facilities at Baruipur, Nandankanan, and Falta SEZ West Bengal. The company has since grown to establish manufacturing facilities and export to countries such as the United States of America, Spain, Germany, and Belgium.
Jiwanram Sheoduttrai Industries classifies business under the following 3 (three) product verticals:
- Manufacturing and export of – Industrial Leather Gloves which are classified as Canadian, Welder, Driver, Mechanical, Combi, Hi- Vis etc.; which are Thinsulate lined and kevlar stitched as per the customization requirements of our 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 our customers
- Work and Casual wear – Our Company ventured into the manufacturing of Hospital Garments, Hotel Industry Garments, shirts, trousers, Jeans, jackets, and T-shirts on an order basis.
The Objective of the Issue
- 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.
IPO Timetable
| IPO Opening date | 08 September 2023 |
| IPO Closing | 12 September 2023 |
| Basis of Allotment | 15 September 2023 |
| Initiation Refund | 18 September 2023 |
| Credit to Demat Account | 20 September 2023 |
| Listing Date | 21 September 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹17.07 Cr – 7,422,000 shares |
| Fresh Issue | ₹17.07 Cr – 7,422,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹23 per share |
| Lot size | 6000 Shares |
| Market Maker portion | 372,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹138,000 |
| Retail (Max) | 1 | 6000 | ₹138,000 |
| HNI (Min) | 2 | 12,000 | ₹276,000 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 30.51 | 34.08 | 42.32 |
| Expenses | 30.19 | 33.38 | 40.36 |
| Net income | 0.03 | 1.50 | 4.03 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.02 | 0.86 | 2.32 |
| PE ratio | – | – | 9.91 |
| RONW (%) | 0.07 | 3.38 | 8.38 |
| NAV | 24.86 | 25.56 | 27.72 |
| ROCE (%) | 2.17 | 3.97 | 7.29 |
| EBITDA (%) | 8.30 | 8.37 | 10.07 |
| Debt/Equity | 1.13 | 1.18 | 1.10 |
Company Promoters
- Mr. Alok Prakash
- Mrs. Anupama Prakash
- Mr. Gyan Prakash
- Alok Prakash HUF
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.01% |
Lead Manager(s)
AFFINITY GLOBAL CAPITAL MARKET PRIVATE LIMITED
20B, Abdul Hamid Street, East India House,
1st Floor, Room No. 1G, Kolkata – 700069, West Bengal
Phone: +91 33 4004 7188
Email: jiwanram@affinityglobal.in
Website: www.affinityglobalcap.in
IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
‘Subramanian Building’, 1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: +91 40 6716 2222
Email: investor@cameoindia.com
Website: www.cameoindia.com
Contact Details
JIWANRAM SHEODUTTRAI INDUSTRIES LIMITED
Shilpangan, LB 1, Phase -1,
Module 301 & 302, Sector III, Kolkata- 700098
Phone: +91 33 4016 9500
E-mail: investor@jiwan.co.in
Website: www.jiwanramgroup.com
Allotment Status
Jiwanram Sheoduttrai IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Final thoughts
Jiwanram Sheoduttrai Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
