SVJ Enterprises IPO will open for subscription from 23 February 2023. the company aims for an issue size of ₹6.12 Cr through this IPO.
About Company
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 carries business in India and abroad for manufacturing, buying, supplying, importing, exporting, and selling honey products, food products, grains, etc.
The product portfolio of the company revolves around the manufacturing of:
- Disposable Silver Laminated Plates
- Aluminium Foil Food Container
- Aluminium Laminated Bags & Pouches
- Packaging Pouches
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.
Basic details about the company
| Full name | SVJ Enterprises Limited |
| Sector | Fast-Moving Consumer Goods |
| Industry | Packing |
| Company Website | http://svjenterprises.co.in/ |
The objective of the Issue
- To meet the working capital requirements of the company
- To meet the Issue Expenses
- General Corporate Purpose
Major Competitive strengths
- Experienced management and skilled team.
- Customer Centric Business Model.
- Relationship with Suppliers.
- Quality Assurance.
IPO Timetable
| IPO Opening date | 23 February 2023 |
| IPO Closing | 28 February 2023 |
| Basis of Allotment | 03 March 2023 |
| Initiation Refund | 06 March 2023 |
| Credit to Demat Account | 08 March 2023 |
| Listing Date | 09 March 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹6.12 Cr – 1,701,000 shares |
| Fresh Issue | ₹6.12 Cr – 1,701,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹36 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 87,000 shares |
| Retail Allocation | 50% of the Net Issue |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | Q1 FY 2023 | |
| Revenue | 79.82 | 147.75 | 497.50 | 103.28 |
| Expenses | 84.20 | 121.94 | 404.07 | 63.59 |
| Net income | (0.16) | 22.94 | 71.52 | 29.12 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (0.01) | 0.76 | 2.38 |
| PE ratio | – | – | 15.13 |
| RONW (%) | (0.08) | 9.84 | 23.47 |
| NAV | 6.99 | 7.75 | 10.12 |
| ROCE (%) | 1.71 | 15.67 | 34.23 |
| EBITDA (%) | (0.28) | 20.60 | 19.92 |
| Debt/Equity | 0.30 | 0.62 | 0.70 |
Company Promoters
- Mr. Suresh Jha
- Ms. Veena Jha
Promoter Holding
| Pre Issue Share Holding | 85.54% |
| Post Issue Share Holding | 59.42% |
Lead Manager(s)
- First Overseas Capital Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
S. V. J. ENTERPRISES LIMITED
002, A-Wing, Sonam Palace CHS,
Old Golden Nest Phase 1,
New Golden Nest Road, Bhayander East,
Thane 401105, Maharashtra, India
Phone: +91-9869057304
E-mail: info@svjenterprises.co.in
Website: www.svjenterprises.co.in
Allotment Status
SVJ Enterprises IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Final thoughts
SVJ Enterprises IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do 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
