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 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 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 |
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 Financial Information
| 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 |
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.
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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