Jiwanram Sheoduttrai Industries Limited IPO is set to launch on 8 September, 2023. The company initiated its business operations in the year 1997. It manufactures industrial safety gloves and garments. Its manufacturing unit is located in Baruipur and Falta SEZ West Bengal. Its Business is classified under 3 segments Industrial leather Gloves that are Welder, Canadian, mechanical, driver, combi, Hi-Vis etc. Second is industrial garments that are water repellent, high visibility, fire retardant, oil and soil repellent, U.V. protection, anti-peeling, anti-bacterial etc. The third segment includes work and casual wear. The company’s business is spread across Spain, America, Belgium, Germany etc.
Jiwanram Sheoduttrai Industries Limited IPO DETAILS
Jiwanram Sheoduttrai Industries Limited IPO is set to launch on 8 September, 2023. The subscription timeline extends till 12 September, 2023. The size for the IPO is 17.07 Crore Rs. Shares issued through fresh issue mode are worth 17.07 Crore Rs. No shares are issued through offer for sale mode. The lot size is 6000 shares and the price is 23 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Cameo Corporate Services Limited.
Tabular Description of Jiwanram Sheoduttrai Industries Limited IPO
| IPO OPENING DATE | 8 September, 2023 |
| CLOSING DATE FOR IPO | 12 September, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 23 Rs per share |
| LOT SIZE | 6000 shares |
| MINIMUM ORDER QUANTITY | 6000 shares |
| ISSUE SIZE | 17.07 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 17.07 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 21 September, 2023 |
Jiwanram Sheoduttrai Industries Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 8 September, 2023 |
| CLOSING DATE FOR IPO | 12 September, 2023 |
| IPO ALLOTMENT DATE | 15 September, 2023 |
| REFUNDS | 18 September, 2023 |
| DEMAT A/C CREDITED ON | 20 September, 2023 |
| IPO LISTING DATE | 21 September, 2023 |
Jiwanram Sheoduttrai Industries Limited IPO begins for subscription from 8 September, 2023. The IPO subscription would continue till 12 September, 2023. The allotment status for the shareholders who applied would come on 15 September, 2023. The refunds for the ones who did not get allotment would be initiated on 18 September, 2023. The DEMAT accounts of shareholders would be credited on 20 September, 2023. The listing of the company would be completed on 21 September 2023.
Jiwanram Sheoduttrai Industries Limited IPO : Lead Managers
The lead managers are :
- Affinity Global Capital Markets Private Limited
The minimum lot size for the company is decided at 6000 shares. This holding accounts to 138000 Rs.. The maximum lot size is decided at 12000 shares (HNI). This amounts to 276000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 6000 shares | 138000 Rs. |
| Maximum | 12000 shares | 276000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The funds will also be used for payment of the company’s borrowings.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 12104 | 11377 | 12112 |
| Revenue | 3281 | 3414 | 4598 |
| PAT | 2.98 | 149 | 402 |
Jiwanram Sheoduttrai Industries Limited had an asset base of 12104 Lakh Rs in 2021 which decreased to 11377 Lakh Rs in 2022. It increased in 2023 to 12112 Lakh Rs. The revenue of the firm was 3281 Lakh Rs in 2021 which increased to 3414 Lakh Rs in 2022 and 4598 Lakh Rs in 2023. The profit of the firm was 2.98 Lakh Rs in 2021, 149 Lakh Rs in 2022 and 402 Lakh Rs in 2023.
PROS
- Its Business is classified under 3 segments Industrial leather Gloves that are Welder, Canadian, mechanical, driver, combi, Hi-Vis etc. Second is industrial garments that are water repellent, high visibility, fire retardant, oil and soil repellent, U.V. protection, anti-peeling, anti-bacterial etc.
- The third segment includes work and casual wear. The company’s business is spread across Spain, America, Belgium, Germany etc. Its manufacturing unit is located in Baruipur and Falta SEZ West Bengal.
CONS
- The company works in a highly competitive segment.
Jiwanram Sheoduttrai Industries Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Jiwanram Sheoduttrai Industries Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
