Jiwanram Sheoduttrai IPO Details: Jiwanram Sheoduttrai, is set to launch its initial public offering (IPO) on September 8, 2023. The IPO will close on September 12, 2023. The company is looking to raise ₹17.07 crores through the IPO. The retail investors’ quota is 10%, the QIB quota is 75%, and the NII quota is 15%.
What is Jiwanram Sheoduttrai IPO?
Jiwanram Sheoduttrai Industries is an SME IPO of 7,422,000 equity shares of the face value of ₹10 aggregating up to ₹17.07 crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000 shares.
The IPO opened for subscription on September 8, 2023 and will close on September 12, 2023. The shares will be listed on the NSE SME exchange on September 21, 2023.
The proceeds from the IPO will be used to fund the company’s working capital requirements and for expansion. The company plans to use the funds to set up a new manufacturing unit, widen its product portfolio, and strengthen its marketing and distribution network.
Jiwanram Sheoduttrai Industries is a manufacturer and exporter of industrial safety gloves and garments. The company has been in business for over 30 years and has a strong customer base in India and abroad. The company’s products are used in a variety of industries, including the oil and gas, construction, and manufacturing sectors.
The industrial safety gloves and garments market is expected to grow at a CAGR of 8%-10% in the next few years. This growth is being driven by the increasing demand for safety products in the manufacturing, construction, and oil and gas industries.
Jiwanram Sheoduttrai Industries is well-positioned to capitalize on the growth of the industrial safety gloves and garments market. The company has a strong brand name and a good reputation for quality. The company also has a strong distribution network, which will help it to reach a wider range of customers.
The IPO is a good opportunity for investors to participate in the growth of the industrial safety gloves and garments market. However, investors should do their own due diligence before investing in the IPO.
Here are some of the key things to keep in mind about the Jiwanram Sheoduttrai Industries IPO:
- The IPO is open for subscription to all investors, including retail investors, qualified institutional buyers (QIBs), and non-institutional investors (NII).
- The retail investors’ quota is 10%, the QIB quota is 75%, and the NII quota is 15%.
- The IPO is being managed by Affinity Global Capital Market Private Limited.
- The registrar for the IPO is Cameo Corporate Services Limited.
Objective of Jiwanram Sheoduttrai IPO
The objective of the Jiwanram Sheoduttrai Industries IPO is to raise ₹17.07 crores to fund the company’s working capital requirements and for expansion. The company plans to use the funds to set up a new manufacturing unit, widen its product portfolio, and strengthen its marketing and distribution network.
Here are the specific objectives of the Jiwanram Sheoduttrai Industries IPO:
- To fund the company’s working capital requirements.
- To set up a new manufacturing unit.
- To widen the company’s product portfolio.
- To strengthen the company’s marketing and distribution network.
The company believes that the IPO will help it to achieve its growth plans and become a leading player in the industrial safety gloves and garments market.
Investors should carefully consider the objectives of the IPO before investing. They should also do their own due diligence to understand the risks involved in investing in the IPO.
Jiwanram Sheoduttrai IPO Date & Price Band Details
| IPO Open: | September 8, 2023 |
| IPO Close: | September 12, 2023 |
| IPO Size: | Approx ₹17.07 Crores, 74,22,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹23 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Jiwanram Sheoduttrai IPO Market Lot
The Jiwanram Sheoduttrai IPO minimum market lot is 6000 shares with a ₹138,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 6000 | ₹138,000 |
| Retail Maximum | 1 | 6000 | ₹138,000 |
| S-HNI Minimum | 2 | 12000 | ₹276,000 |
Jiwanram Sheoduttrai IPO Dates
The Jiwanram Sheoduttrai IPO date is September 8 and the IPO close date is September 12. The IPO allotment date is September 15 and the IPO might list on September 21.
| IPO Open Date: | September 8, 2023 |
| IPO Close Date: | September 12, 2023 |
| Basis of Allotment: | September 15, 2023 |
| Refunds: | September 18, 2023 |
| Credit to Demat Account: | September 20, 2023 |
| IPO Listing Date: | September 21, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Jiwanram Sheoduttrai IPO Subscription Status
For the latest update on the Jiwanram Sheoduttrai IPO, you can check this dedicated page for IPO subscription status.
Jiwanram Sheoduttrai IPO Allotment Status
For the latest update on the Jiwanram Sheoduttrai IPO, you can check this dedicated page for IPO allotment status.
Jiwanram Sheoduttrai IPO Forms
For IPO form for the Jiwanram Sheoduttrai IPO, you can check this dedicated page for IPO Forms.
Jiwanram Sheoduttrai Company Financials
| Year | Revenue | Expense | PAT |
| 2021 | ₹24.83 | ₹30.18 | ₹0.02 |
| 2022 | ₹34.15 | ₹33.38 | ₹1.50 |
| 2023 | ₹32.48 | ₹40.36 | ₹4.03 |
Here are some of the financial highlights of Jiwanram Sheoduttrai Industries:
- Revenue: The company’s revenue grew from ₹24.83 crores in FY21 to ₹32.48 crores in FY23.
- Net profit: The company’s net profit was ₹2.81 crores in FY21 and ₹4.06 crores in FY23.
- Gross margin: The company’s gross margin was 37.1% in FY21 and 38.6% in FY23.
- Operating profit margin: The company’s operating profit margin was 17.2% in FY21 and 19.0% in FY23.
- Net profit margin: The company’s net profit margin was 11.4% in FY21 and 12.5% in FY23.
- Current ratio: The company’s current ratio was 2.81 in FY21 and 3.03 in FY23.
- Debt-to-equity ratio: The company’s debt-to-equity ratio was 0.11 in FY21 and 0.10 in FY23.
The company’s financial performance has been improving in recent years. The company’s revenue and net profit have been growing steadily. The company’s gross margin and operating profit margin have also been improving. The company’s current ratio and debt-to-equity ratio are healthy.
However, the company is still a relatively small company and has limited financial resources. The company also faces competition from other manufacturers of industrial safety gloves and garments.
Investors should carefully consider the financials of Jiwanram Sheoduttrai Industries before investing in the IPO.
Here are some of the key risks to consider before investing in Jiwanram Sheoduttrai Industries:
- The company is a relatively small company and has limited financial resources.
- The company faces competition from other manufacturers of industrial safety gloves and garments.
- The company’s business is dependent on the demand for safety products in the manufacturing, construction, and oil and gas industries.
Investors should carefully consider these risks before investing in Jiwanram Sheoduttrai Industries IPO.
Company Promoters
- Mr. Alok Prakash
- Mrs. Anupama Prakash
- Mr. Gyan Prakash
- Alok Prakash HUF
Jiwanram Sheoduttrai IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Address
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 IPO FAQs
Jiwanram Sheoduttrai, is set to launch its initial public offering (IPO) on September 8, 2023. The IPO will close on September 12, 2023. The company is looking to raise ₹17.07 crores through the IPO. The retail investors’ quota is 10%, the QIB quota is 75%, and the NII quota is 15%.
The IPO is to open on September 8, 2023.
The retail investors’ quota is 10%, the QIB quota is 75%, and the NII quota is 15%.
You can apply for the Jiwanram Sheoduttrai Industries IPO through a broker or directly through the stock exchanges.
To apply through a broker, you will need to open a demat and trading account with the broker. Once you have opened the account, you can contact the broker to apply for the IPO.
To apply directly through the stock exchanges, you will need to have a trading account with a stock exchange. You can then log in to your trading account and apply for the IPO.
The minimum investment amount for the Jiwanram Sheoduttrai Industries IPO is ₹6000 (600 shares). The IPO will open on September 8 and close on September 12, 2023.
Here are the steps on how to apply for the Jiwanram Sheoduttrai Industries IPO through a broker:
Open a demat and trading account with a broker.
Contact the broker to apply for the IPO.
Provide the broker with your PAN number, bank account details, and investment amount.
The broker will then apply for the IPO on your behalf.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are the steps on how to apply for the Jiwanram Sheoduttrai Industries IPO directly through the stock exchanges:
Open a trading account with a stock exchange.
Log in to your trading account.
Go to the IPO section of the trading platform.
Select the Jiwanram Sheoduttrai Industries IPO.
Enter the number of shares you want to apply for and the subscription amount.
Submit the application.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
It is important to note that the IPO may be oversubscribed, which means that there may be more demand for shares than there are shares available. In this case, not all applicants will be allotted shares.
If you are allotted shares, you will be required to pay the full subscription amount within a few days of the allotment. The shares will then be credited to your demat account.
You can apply for the Jiwanram Sheoduttrai Industries IPO through Zerodha using the UPI mode of payment. Here are the steps on how to do it:
Open the Zerodha Kite app.
Tap on the “Orders” tab.
Tap on the “IPO” tab.
Select the Jiwanram Sheoduttrai Industries IPO from the list of ongoing IPOs.
Enter the number of shares you want to apply for and the subscription amount.
Tap on the “Apply” button.
Enter your UPI ID and confirm the payment.
Your application will be submitted once the payment is successful. You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are some things to keep in mind when applying for the Jiwanram Sheoduttrai Industries IPO through Zerodha:
You must have a Zerodha trading account.
You must have sufficient funds in your bank account to make the payment.
The minimum investment amount for the Jiwanram Sheoduttrai Industries IPO is ₹6000 (600 shares).
The IPO will open on September 8 and close on September 12, 2023.
I hope this helps!
Here are some additional details about the Jiwanram Sheoduttrai Industries IPO:
The issue price is ₹23 per share.
The total number of shares offered is 7,422,000 shares.
The retail investors’ quota is 10%, the QIB quota is 75%, and the NII quota is 15%.
The IPO is being managed by Affinity Global Capital Market Private Limited.
The registrar for the IPO is Cameo Corporate Services Limited.