Jiwanram Sheoduttrai Industries is coming up with an IPO aggregating to INR 17.07 crores. The company intends to utilise the funds to meet the working capital requirement and to repay the borrowings of the company.
Jiwanram Sheoduttrai Industries IPO – Important Details
| Jiwanram Sheoduttrai Industries IPO Date | 8th September 2023 to 12th September 2023 |
| Jiwanram Sheoduttrai Industries IPO Listing Date | 21st September 2023 |
| Jiwanram Sheoduttrai Industries IPO Price | INR 23 per share |
| Jiwanram Sheoduttrai Industries IPO Lot Size | 6000 shares |
| Jiwanram Sheoduttrai Industries IPO Total Issue Size | INR 17.07 crores |
| Jiwanram Sheoduttrai Industries IPO Basis of Allotment | 15th September 2023 |
| Jiwanram Sheoduttrai Industries IPO Initiation of Refunds | 18th September 2023 |
| Jiwanram Sheoduttrai Industries IPO Credit of Shares to Demat | 20th September 2023 |
| Jiwanram Sheoduttrai Industries IPO Issue Type | Fixed Price Issue |
| Jiwanram Sheoduttrai Industries IPO Listing At | NSE SME |
Jiwanram Sheoduttrai IPO – Company Profile
The Company is engaged in the manufacturing and export of the Industrial Safety Gloves and Garments which provides customized solutions in the field of Industrial Safety.The manufacturing units of the company are located in Baruipur, Nandankanan and Falta SEZ West Bengal.
The company has made its presence known around the world, particularly in Europe, America, and the Middle East, and has expanded to over twenty countries. JSIL is a globally renowned manufacturer of Industrial Garments and Gloves and exporter of head-to-toe safety wear, workwear, and more.
Jiwanram Sheoduttrai Industries Limited initially started manufacturing industrial safety gloves and gradually expanded its presence in the industrial garment sector. The company’s commitment to producing quality products has helped it maintain its position in the market and establish sustainable relationships with overseas buyers.
Jiwanram Sheoduttrai Industries IPO Objective
The key objective behindJiwanram Sheoduttrai Industries Limited’s IPO is to support the company’s robust growth plans. With the capital raised, the company aims to:
- Funding working capital requirement: The business of the company is working capital intensive. The company plans to utilise INR 9.11 crores of the net proceeds of the company to meet the working capital requirement of the company.
- Repay the borrowings of the company: The company has entered into various financing arrangements from time to time, with various lenders. As on 31st March 2023, the company has a loan outstanding worth INR 29.16 crores. The company plans to utilise INR 2.00 crores from the net proceeds of the issue to repay a part of the loan.
Jiwanram Sheoduttrai IPO Risks And Challenges
Investing in IPOs comes with its own set of risks and challenges. For Jiwanram Sheoduttrai Industries’ IPO, these are some of the major risks and challenges:
- Pending Litigations: The Company and its Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, result of operations and financial conditions.
- Customer Dependency: The business is substantially dependent on certain key customers from whom we derive a significant portion of the revenues. The loss of any significant customer may have a material and adverse effect on our business and results of operations. As on 31st March 2023, 64% of the revenue is dependent on top 5 customers.
Jiwanram Sheoduttrai Industries IPO Peer Comparison
There are no listed companies in India that are comparable in all aspects of business and services that the company provides. Accordingly, it is not possible to provide an industry comparison in relation to the Company.
Jiwanram Sheoduttrai IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in thousands) | 305,164.11 | 340,762.91 | 423,166.56 |
| Equity (₹ in thousands) | 430,714.18 | 442,827.25 | 480,235.81 |
| Expenses (₹ in Thousands) | 301,845.98 | 333,765.56 | 403,560.87 |
| Profit and Loss After Tax (₹ in Thousands) | 298.38 | 14,969.42 | 40,264.91 |
| RoNW (%) | 0.0007% | 0.03% | 0.08% |
| Diluted EPS only (₹) | 0.02 | 0.86 | 2.32 |
| NAV per Equity Share (₹) | 87.01 | 89.45 | 27.72 |
| Total Assets (in thousands) | 1,210,417.46 | 1,137,724.89 | 1,211,236.47 |
| Total Liabilities (in thousands)
|
7,79,703.28 | 6,94,897.64 | 7,31,000.67 |
Jiwanram Sheoduttrai Industries Limited IPO – Industry & Market Potential
The global industrial protective clothing market size was valued at USD 18.93 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030. Rising awareness of the requirement of preventing work-related fatal accidents is likely to propel market growth. Governments all around the globe have made the wearing of industrial protective clothing essential in order to limit the risk of infection.
Owing to the COVID- 19 pandemic, most healthcare professionals prefer industrial protective clothing to safeguard their health. As a result, the need for industrial protective clothing has soared.
Jiwanram Sheoduttrai Industries Limited IPO – Type of Offer
Jiwanram Sheoduttrai Industries is coming up with a fresh issue consisting of 74,22,000 shares being issued at INR 23 each.
Jiwanram Sheoduttrai Industries Limited IPO Offer Size
Jiwanram Sheoduttrai Industries is coming up with an IPO aggregating to INR 17.07 crores. The company intends to utilise the funds to meet the working capital requirement and to repay the borrowings of the company.
Jiwanram Sheoduttrai Industries Limited IPO Allotment Structure
As this is a Fixed price IPO, the allotment structure for Jiwanram Sheoduttrai Industries Limited is planned as follows:
Retail Individual Investors (RII): The application value does not exceed INR 2 lakhs. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs .
Market Maker Reservation: Total of 3,72,000 equity shares are reserved for market makers. This forms 5.01% of the total issue.
How to apply for a Jiwanram Sheoduttrai Industries IPO through Alice Blue?
To apply for the Jiwanram Sheoduttrai Industries IPO through Alice Blue, you would typically follow these steps:
- Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Jiwanram Sheoduttrai Industries IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for Jiwanram Sheoduttrai Industries IPO at Alice Blue in just a few clicks!
Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Jiwanram Sheoduttrai Industries IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Jiwanram Sheoduttrai Industries IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Jiwanram Sheoduttrai Industries IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Jiwanram Sheoduttrai Industries IPO:
- Registrar’s Website: Visit the website of Cameo Corporate Services Limited , the registrar of the Jiwanram Sheoduttrai Industries IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
- NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (BSE) SME (Small Medium Enterprise) Platform . You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Jiwanram Sheoduttrai Industries Ltd IPO Offer Registrar
The registrar for the Jiwanram Sheoduttrai Industries India Limited IPO is Cameo Corporate Services Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Cameo Corporate Services Limited
Subramanian Building” 1 Club House Road,
Chennai- 600 002
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.cameoindia.com
Jiwanram Sheoduttrai Industries India Limited IPO FAQs
1. What is the allotment date of the Jiwanram Sheoduttrai Industries IPO?
The allotment date is 15th September 2023.
2. What is the price band of Jiwanram Sheoduttrai Industries IPO?
The issue price per equity share is INR 23.
3. What is the size of the Jiwanram Sheoduttrai Industries IPO?
Jiwanram Sheoduttrai Industries is coming up with a fresh issue consisting of 74,22,000 shares being issued at INR 23 each. The total issue size is INR 17.07 crores.
4. What is the listing date of the Jiwanram Sheoduttrai Industries IPO?
The listing date is 21st September 2023.
