Jiwanram Sheoduttrai Industries Ipo Price Fixed. GMP, Other Details About SME Issue

About Jiwanram Sheoduttrai Industries

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 DateSeptember 8, 2023 to September 12, 2023
Listing Date[.]
Face Value₹10 per share
Price₹23 per share
Lot Size6000 Shares
Total Issue Size7,422,000 shares
(aggregating up to ₹17.07 Cr)
Fresh Issue7,422,000 shares
(aggregating up to ₹17.07 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue17,326,225
Share holding post issue24,748,225
Market Maker portion372,000 shares
Giriraj Stock Broking

Jiwanram Sheoduttrai Industries IPO Lot Size

The minimum lot size of this Jiwanram Sheoduttrai Industries IPO is 6000 shares required is ₹138,000.

Retail (Min)16000₹138,000
Retail (Max)16000₹138,000
HNI (Min)212,000₹276,000

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 Offered372,000 (5.01%)
Other Shares Offered3,522,000 (47.45%)
Retail Shares Offered3,528,000 (47.53%)
Total Shares Offered7,422,000 (100%)

Jiwanram Sheoduttrai Industries IPO Financial Information

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax2.98149.69402.65
Net Worth4,307.144,428.274,802.36
Reserves and Surplus3,812.113,933.243,069.74
Total Borrowing4,883.695,230.925,258.99

Jiwanram Sheoduttrai Industries IPO Review

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.

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Jiwanram Sheoduttrai Industries IPO Subscription Status

The Jiwanram Sheoduttrai Industries IPO is subscribed 1.53 times on Sep 8, 2023 12:49:00 PM. The public issue subscribed 2.80 times in the retail category, [.] times in the QIB category, and 0.26 times in the NII category. Check Day by Day Subscription Details (Live Status)

Jiwanram Sheoduttrai Industries IPO allotment date

The tentative date for share allocation is 15th September 2023.

Jiwanram Sheoduttrai Industries IPO listing date

The SME share is most likely to list on 21st September 2023.

Jiwanram Sheoduttrai Industries IPO investment limit

A retail investor will require minimum ₹1.38 lakh to apply for the NSE SME issue.

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Disclaimer: This price prediction is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.

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