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.
Jiwanram Sheoduttrai Industries IPO Details #
Jiwanram Sheoduttrai Industries IPO is a Fixed Price Issue. The IPO total issue size is Rs 17.07 Cr. The Jiwanram Sheoduttrai Industries IPO price is ₹23 per share. The IPO will list on NSE SME.
| IPO Date | September 8, 2023 to September 12, 2023 |
| Listing Date | [.] |
| 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 Reservation #
Jiwanram Sheoduttrai Industries IPO a total of 7,422,000 shares are offered. RII: 3,528,000 (47.53%), NII: 3,522,000 (47.45%).
| 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 Timetable (Tentative) #
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 | Thursday, September 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2023 |
Jiwanram Sheoduttrai Industries IPO Lot Size #
The minimum lot size of this Jiwanram Sheoduttrai Industries IPO is 6000 shares required is ₹138,000.
| 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 | |||
Jiwanram Sheoduttrai Industries IPO Promoter Holding #
Mr. Alok Prakash, Mrs. Anupama Prakash Mr. Gyan Prakash, and Alok Prakash HUF are the promoters of the company.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.01% |
Company Financials #
| 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 |
Key Performance Indicator #
Jiwanram Sheoduttrai Industries IPO Market Cap is Rs 56.92 Cr and P/E (x) is 9.91.
| KPI | Values |
|---|---|
| P/E (x) | 9.91 |
| Market Cap (₹ Cr.) | 56.92 |
| ROE | 8.38% |
| ROCE | 7.29% |
| Debt/Equity | 1.1 |
| EPS (Rs) | 2.32 |
| RoNW | 8.38% |
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 IPO Subscription Status (Bidding Detail) #
The Jiwanram Sheoduttrai Industries IPO is subscribed 10.57 times on Sep 11, 2023 11:07:00 AM. The public issue subscribed 18.40 times in the retail category, [.] times in the QIB category, and 2.71 times in the NII category.
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.71 | 35,22,000 | 95,46,000 |
| Retail | 18.40 | 35,28,000 | 6,49,14,000 |
| Total | 10.57 | 70,50,000 | 7,45,50,000 |
Total Application : 10,819 (18.40 times)
Market Maker portion is not included to NII/HNI.
Jiwanram Sheoduttrai Industries IPO Prospectus #
Company Contact Information #
30D Jawaharlal Nehru Road,
2nd Floor,
Kolkata- 700016
Phone: +91 33 4016 9500
Email: investor@jiwan.co.in
Website: https://www.jiwanramgroup.com/
Jiwanram Sheoduttrai Industries IPO Registrar #
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Jiwanram Sheoduttrai Industries IPO Lead Manager(s) #
FAQs #
What is the IPO price and lot size for Jiwanram Sheoduttrai Industries? #
The IPO price is ₹23 per share, and the lot size is 6000 shares, requiring ₹138,000 for the minimum lot.
What is the business focus of Jiwanram Sheoduttrai Industries? #
Jiwanram Sheoduttrai Industries manufactures and exports industrial safety gloves, garments, and workwear, catering to diverse safety wear needs.
When does the Jiwanram Sheoduttrai Industries IPO open and close? #
The IPO opens on September 8, 2023, and closes on September 12, 2023.
What is the company’s revenue trend in recent years? #
In fiscal 2023, the company recorded total revenue of ₹4,598.41 Lacs, following ₹3,414.89 Lacs in 2022 and ₹3,281.34 Lacs in 2021.
Who are the promoters of Jiwanram Sheoduttrai Industries? #
Mr. Alok Prakash, Mrs. Anupama Prakash, Mr. Gyan Prakash, and Alok Prakash HUF are the promoters of the company.
What is the market capitalization and P/E ratio for Jiwanram Sheoduttrai Industries? #
The market cap is ₹56.92 Crores, and the P/E ratio is 9.91.
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
