Jiwanram Sheoduttrai Industries Limited IPO Detail
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:
- Industrial Leather Gloves which are classified as Canadian, Welder, Driver, Mechanical, Combi, Hi-Vis, etc.; are Thinsulate lined and kevlar stitched as per the customization requirements of the 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 the customers.
- Work and Casual wear Manufacturing of Hospital Garments, Hotel Industry Garments, shirts, trousers, Jeans, jackets, and T-shirts on an order basis.
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.
Company Promoters
Mr. Alok Prakash, Mrs. Anupama Prakash Mr. Gyan Prakash, and Alok Prakash HUF are the promoters of the company.IPO Details
| IPO Opening Date | Sep 08, 2023 |
| IPO Closing Date | Sep 12, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹23 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹17.07 Cr |
| Fresh Issue | 7,422,000 shares (aggregating up to ₹17.07 Cr) |
| Offer for Sale | - |
| Retail Portion | 47.53% |
IPO Tentative Timetable
The Jiwanram Sheoduttrai Industries Limited IPO open date is Sep 08, 2023, and the close date is Sep 12, 2023. The issue may list on Sep 21, 2023.
| IPO Open Date | Sep 08, 2023 |
| IPO Close Date | Sep 12, 2023 |
| Basis of Allotment Date | Sep 15, 2023 |
| Initiation of Refunds | Sep 18, 2023 |
| Credit of Shares to Demat Account | Sep 20, 2023 |
| IPO Listing Date | Sep 21, 2023 |
IPO Lot Size
The Jiwanram Sheoduttrai Industries Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹138000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹138000 |
| Maximum | 1 | 6000 | ₹138000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.01% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 11377.25 | 3414.89 | 149.69 |
| 31-Mar-23 | 12112.36 | 4598.41 | 402.65 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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.
Jiwanram Sheoduttrai Industries Limited IPO Registrar:
Cameo Corporate Services Limited
Jiwanram Sheoduttrai Industries Limited IPO Lead Manager(s):
Affinity Global Capital Market Private Limited
Company Contact Information:
Jiwanram Sheoduttrai Industries Limited
30D Jawaharlal Nehru Road, 2nd Floor
Kolkata
Kolkata
