Jiwanram Sheoduttrai Industries IPO

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 nameJiwanram Sheoduttrai Industries Limited
Company Websitehttps://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 date08 September 2023
IPO Closing12 September 2023
Basis of Allotment15 September 2023
Initiation Refund18 September 2023
Credit to Demat Account20 September 2023
Listing Date21 September 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹17.07 Cr – 7,422,000 shares
Fresh Issue₹17.07 Cr – 7,422,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹23 per share
Lot size6000 Shares
Market Maker portion372,000 shares
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)16000₹138,000
Retail (Max)16000₹138,000
HNI (Min)212,000₹276,000

Reservation Details

Other Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income0.031.504.03
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.91
RONW (%)0.073.388.38
ROCE (%)2.173.977.29
EBITDA (%)8.308.3710.07

Company Promoters

  • Mr. Alok Prakash
  • Mrs. Anupama Prakash
  • Mr. Gyan Prakash
  • Alok Prakash HUF

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding70.01%

Lead Manager(s)

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

‘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

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

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