IPO Issue Details
Issue Price / Price Band₹23 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size74,22,000 shares (aggregating up to ₹17.07 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 08 Sep 2023
Subscription CloseTue, 12 Sep 2023
Anchor AllotmentThu, 07 Sep 2023
Basis of AllotmentFri, 15 Sep 2023
Initiation of RefundsMon, 18 Sep 2023
Credit of Shares to DematWed, 20 Sep 2023
Listing DateMon, 18 Sep 2023
UPI Mandate Deadline2023-09-12
Application & Investment Details
Retail — Min (1 Lots)₹1,38,000 — 6,000 shares
Retail — Max (13 Lots)₹1,794,000 (13 Lots)
HNI — Min (2 Lots)₹2,76,000 — 12,000 shares
NII / HNI Quota47.45% of Issue
Retail Quota47.45% of Issue
Market Maker Quota5.01% of Issue
EPS (Pre-IPO)₹2.32
P/E Ratio (Pre-IPO)9.91x
P/E Ratio (Post-IPO)14.11x
Net Offer to Public70,50,000 shares (aggregating up to ₹16.22 Cr)
Reserved for Market Maker3,72,000 shares (aggregating up to ₹0.8556 Cr)
Pre-IPO Promoter Holding1,73,26,225 shares
Post-IPO Promoter Holding2,47,48,225 shares
About Jiwanram Sheoduttrai Industries Ltd.
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.
Objects of the Issue
Jiwanram Sheoduttrai Industries Ltd. proposes to utilise the net proceeds for the following objects as stated in the DRHP:
1
To meet the working capital requirements
Amount: 9.11
2
Prepayment and repayment of all or a portion of certain unsecured loan availed by our company
Amount: 2.00
3
General Corporate Purpose and
Amount: 3.20
4
To meet the offer expenses
Amount: 2.76
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,73,26,225 shares
Post-IPO Promoter Holding
2,47,48,225 shares
