IPO : Jiwanram Sheoduttrai Industries Limited
Jiwanram Sheoduttrai Industries Limited IPO
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.
| SYMBOL | JIWANRAM |
| ISSUE TYPE | Fixed Price Issue IPO |
| ISSUE OPENS ON | September 08, 2023 (Friday) |
| ISSUE CLOSES ON | September 12, 2023 (Tuesday) |
| ISSUE PRICE | Rs.23 per share |
| ISSUE SIZE | Up to Rs.17.07 Crores |
| FACE VALUE | Rs.10 per share |
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.
| MINIMUM BID | 6000 shares |
| MINIMUM AMOUNT | Rs.1,38,000 |
| MAXIMUM BID | 6000 shares |
| MAXIMUM AMOUNT | Rs.1,38,000 |
| PROMOTER HOLDING | 70.01 % (Post-issue) |
| LISTING DATE | September 21,2023 (Thursday) |
| LISTING AT | NSE-SME |
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
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet the working capital requirements.
- Prepayment and repayment of all or a portion of certain unsecured loans availed by the company.
- General Corporate Purpose and to meet the offer expenses.
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