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Jiwanram Sheoduttrai Industries IPO is a fixed price issue of Rs 17.07 crores. The issue is entirely a fresh issue of 74.22 lakh shares.
Jiwanram Sheoduttrai Industries IPO bidding started from September 8, 2023 and ended on September 12, 2023. The allotment for Jiwanram Sheoduttrai Industries IPO was finalized on Friday, September 15, 2023. The shares got listed on NSE SME on September 18, 2023.
Jiwanram Sheoduttrai Industries IPO price is ₹23 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹276,000.
Affinity Global Capital Market Private Limited is the book running lead manager of the Jiwanram Sheoduttrai Industries IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Jiwanram Sheoduttrai Industries IPO is Giriraj Stock Broking.
Refer to Jiwanram Sheoduttrai Industries IPO RHP for detailed information.
| IPO Date | September 8, 2023 to September 12, 2023 |
| Listing Date | September 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹23 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 7,422,000 shares (aggregating up to ₹17.07 Cr) |
| Fresh Issue | 7,422,000 shares (aggregating up to ₹17.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,326,225 |
| Share holding post issue | 24,748,225 |
| Market Maker portion | 372,000 shares Giriraj Stock Broking |
Jiwanram Sheoduttrai Industries IPO offers 7,422,000 shares. 3,522,000 (47.45%) to NII, 3,528,000 (47.53%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 372,000 (5.01%) |
| Other Shares Offered | 3,522,000 (47.45%) |
| Retail Shares Offered | 3,528,000 (47.53%) |
| Total Shares Offered | 7,422,000 (100%) |
Jiwanram Sheoduttrai Industries IPO opens on September 8, 2023, and closes on September 12, 2023.
| IPO Open Date | Friday, September 8, 2023 |
| IPO Close Date | Tuesday, September 12, 2023 |
| Basis of Allotment | Friday, September 15, 2023 |
| Initiation of Refunds | Monday, September 18, 2023 |
| Credit of Shares to Demat | Wednesday, September 20, 2023 |
| Listing Date | Monday, September 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2023 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹138,000 |
| Retail (Max) | 1 | 6000 | ₹138,000 |
| HNI (Min) | 2 | 12,000 | ₹276,000 |
| Lot Size Calculator | |||
Mr. Alok Prakash, Mrs. Anupama Prakash Mr. Gyan Prakash, and Alok Prakash HUF are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 70.01% |
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:
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.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 12,104.17 | 11,377.25 | 12,112.36 |
| Revenue | 3,281.34 | 3,414.89 | 4,598.41 |
| Profit After Tax | 2.98 | 149.69 | 402.65 |
| Net Worth | 4,307.14 | 4,428.27 | 4,802.36 |
| Reserves and Surplus | 3,812.11 | 3,933.24 | 3,069.74 |
| Total Borrowing | 4,883.69 | 5,230.92 | 5,258.99 |
The market capitalization of Jiwanram Sheoduttrai Industries IPO is Rs 56.92 Cr.
| KPI | Values |
|---|---|
| ROE | 8.38% |
| ROCE | 7.29% |
| Debt/Equity | 1.1 |
| RoNW | 8.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.32 | |
| P/E (x) | 9.91 | 14.11 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is engaged in the manufacturing and marketing of various kinds of industrial safety. It has posted growth in its top and bottom lines for the reported periods, with a quantum jump in FY23 performance. Based on super earnings posted in the last fiscal, the issue appears fully priced. JSIL is spending Rs. 2.76 cr. for this IPO process, which indicates a fully structured mode of this issue. Well-informed investors may consider parking funds for medium to long-term rewards. Read detail review...
The Jiwanram Sheoduttrai Industries IPO is subscribed 112.96 times on September 12, 2023 7:29:00 PM. The public issue subscribed 151.47 times in the retail category, times in the QIB category, and 69.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 69.75 |
| Retail | 151.47 |
| Total | 112.96 |
Total Application : 89,063 (151.47 times)
| Listing Date | September 18, 2023 |
| BSE Script Code | |
| NSE Symbol | JIWANRAM |
| ISIN | INE0N5H01017 |
| Final Issue Price | ₹23 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹23.00 |
| ₹30.00 |
| ₹28.50 |
| ₹30.00 |
| ₹28.50 |
Jiwanram Sheoduttrai Industries Limited
30D Jawaharlal Nehru Road,
2nd Floor,
Kolkata- 700016
Phone: +91 33 4016 9500
Email: investor@jiwan.co.in
Website: https://www.jiwanramgroup.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Jiwanram Sheoduttrai Industries IPO is a SME IPO of 7,422,000 equity shares of the face value of ₹10 aggregating up to ₹17.07 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000 Shares.
The IPO opens on September 8, 2023, and closes on September 12, 2023.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jiwanram Sheoduttrai Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Jiwanram Sheoduttrai Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jiwanram Sheoduttrai Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jiwanram Sheoduttrai Industries IPO opens on September 8, 2023 and closes on September 12, 2023.
Jiwanram Sheoduttrai Industries IPO lot size is 6000 Shares, and the minimum amount required is ₹138,000.
You can apply in Jiwanram Sheoduttrai Industries IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jiwanram Sheoduttrai Industries IPO will be done on Friday, September 15, 2023, and the allotted shares will be credited to your demat account by Wednesday, September 20, 2023. Check the Jiwanram Sheoduttrai Industries IPO allotment status.
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I got allotted one lot and didn't realise the hitting of LC in 10 min after listing. Because it was showing around +27%. From next day onwards I was trying to sell in pre open market but not succeeded. Today didn't try as hitting LC was stopping.