Listing Details
- Listing Exchange NSE SME
- Listing Date 18-Sep-23
- IPO Price Range ₹ 23
- Listing Price ₹ 30
- Listing Change 30.4%
- Last Traded Price ₹ 14.55
- Current Change -36.7%
Jiwanram IPO Details
- Open Date 08-Sep-23
- Close Date 12-Sep-23
- Lot Size 6000
- IPO Size ₹ 17.07 Cr
- IPO Price Range ₹ 23
- Min Investment ₹ 138000
- Listing Exchange NSE SME
- Basis of Allotment 15-Sep-23
- Refunds 18-Sep-23
- Credit to Demat Account 20-Sep-23
- Listing Date 21-Sep-23
Jiwanram Sheoduttrai Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 08-Sep-23 | - | 1.29 | 10.76 | 6.03 |
| 11-Sep-23 | - | 9.80 | 63.49 | 36.73 |
| 12-Sep-23 | - | 69.75 | 151.47 | 112.96 |
Jiwanram IPO Synopsis
The Jiwanram Sheoduttrai Industries IPO is all set to open from 8th September to 12th September 2023. The company is in the business of manufacturing and exporting Industrial Safety Gloves and Garments. The IPO includes a fresh issue of 7,422,000 shares worth ₹17.07 cr. The share allotment date is 15th September, and the IPO will be listed on 21st September on the stock exchanges. The price band is ₹23 per share and the lot size is 6000 shares.
Affinity Global Capital Market Private Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited is the registrar.
Objectives of Jiwanram IPO:
Jiwanram Sheoduttrai Industries plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● Prepayment and repayment of all or a portion of certain unsecured loans.
● To meet the offer expenses.
● General corporate purpose.
About Jiwanram Sheoduttrai Industries
Established in 1997, Jiwanram Sheoduttrai Industries (JSI) specializes in the production and export of Industrial Safety Gloves and Garments. With manufacturing facilities strategically situated in Baruipur, Nandankanan, and Falta SEZ in West Bengal, the company manufactures a wide range of industrial garments, including gloves and is engaged in exporting work wear, head-to-toe safety wear, etc.
JSI has clients in more than 20 nations including the US, Spain, Germany, and Belgium. Its product line can be divided into three categories i) Industrial Leather Gloves ii) Industrial Garments iii) Work and Casual wear.
Peer Comparison
There are no listed companies in India that are comparable in all aspects of business and services that JSI provides.
For More Information:
Webstory on Jiwanram Sheoduttrai IPO
Jiwanram Sheoduttrai IPO GMP
Jiwanram Sheoduttrai Industries Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 42.31 | 34.07 | 30.51 |
| EBITDA | 4.48 | 3.06 | 2.85 |
| PAT | 4.02 | 1.49 | 0.029 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 121.12 | 113.77 | 121.04 |
| Share Capital | 17.32 | 4.95 | 4.95 |
| Total Liabilities | 73.10 | 69.49 | 77.97 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.43 | -5.57 | 0.47 |
| Net cash from / (used in) investing activities | 0.47 | -0.15 | 0.27 |
| Net cash flow from / (used in) financing activities | -1.38 | 5.08 | -0.94 |
| Net increase (decrease) in cash and cash equivalents | 0.15 | -0.64 | -0.19 |
Jiwanram IPO Key Points
-
Strengths
1. The company has an international presence and a wide distribution network.
2. Cost-effective production and timely fulfillment of orders.
3. The company has established manufacturing facilities with decades of operations.
4. Its products are certified nationally as well as globally.
5. Experienced management team.
6. Higher quality control standards are in place.
-
Risks
1. There are certain contingent liabilities.
2. Fluctuations in leather and fabric prices can impact its operations as they are key raw materials.
3. Dependent on exports for the sale of its products.
4. Operates in a highly competitive industry.
5. High working capital requirements.
6. Labour disputes could affect its operations.
7. The company has incurred losses in the past.
8. It can be impacted by foreign exchange rate-related fluctuations.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Jiwanram IPO FAQs
What is the minimum lot size and investment required for the Jiwanram Sheoduttrai Industries IPO?
The minimum lot size of Jiwanram Sheoduttrai Industries IPO is 6000 shares and the investment required is ₹1,38,000.
What is the price band of the Jiwanram IPO?
The price band of the Jiwanram IPO is ₹23 per share.
When does the Jiwanram Sheoduttrai IPO issue open and close?
Jiwanram Sheoduttrai IPO opens from 8th September to 12th September 2023.
What is the size of the Jiwanram Sheoduttrai IPO?
The IPO size of Jiwanram Sheoduttrai IPO is ₹17.07 cr.
What is the allotment date of the Jiwanram Sheoduttrai IPO?
The share allotment date of Jiwanram Sheoduttrai IPO is 15th September 2023.
What is the Jiwanram Sheoduttrai Industries IPO listing date?
The Jiwanram Sheoduttrai IPO will be listed on 21st September 2023.
Who are the book runners for the Jiwanram Sheoduttrai Industries IPO?
Affinity Global Capital Market Private Limited is the book-running lead manager for Jiwanram Sheoduttrai IPO.
What is the objective of Jiwanram Sheoduttrai Industries IPO?
Jiwanram Sheoduttrai Industries plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. Prepayment and repayment of all or a portion of certain unsecured loans.
3. To meet the offer expenses.
4. General corporate purpose.
How to apply for the Jiwanram Sheoduttrai Industries IPO?
To apply for the Jiwanram Sheoduttrai Industries IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Jiwanram Sheoduttrai Industries IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Jiwanram Sheoduttrai Industries IPO
Contact Information
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/
Jiwanram Sheoduttrai Industries IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Jiwanram Sheoduttrai Industries IPO Lead Manager
Affinity Global Capital Market Private Limited