{"id":3780,"date":"2023-09-12T12:42:25","date_gmt":"2023-09-12T07:12:25","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=3780"},"modified":"2024-08-26T12:49:57","modified_gmt":"2024-08-26T07:19:57","slug":"ipo-jiwanram-sheoduttrai-industries-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-jiwanram-sheoduttrai-industries-limited\/","title":{"rendered":"IPO : Jiwanram Sheoduttrai Industries Limited"},"content":{"rendered":"

Jiwanram Sheoduttrai Industries Limited IPO<\/h1>\n

Incorporated in 1997, Jiwanram Sheoduttrai Industries Limited manufactures and exports Industrial Safety Gloves and Garments.<\/p>\n

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.<\/p>\n

\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nJIWANRAM<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nFixed Price Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nSeptember 08, 2023 (Friday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nSeptember 12, 2023 (Tuesday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\nRs.23 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.17.07 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.10 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Jiwanram Sheoduttrai Industries’ business can be classified under three verticals:<\/p>\n

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.<\/p>\n

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.<\/p>\n

Work and Casual wear Manufacturing of Hospital Garments, Hotel Industry Garments, shirts, trousers, Jeans, jackets, and T-shirts on an order basis.<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n6000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,38,000<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n6000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,38,000<\/strong><\/td>\n<\/tr>\n
\u00a0PROMOTER HOLDING<\/strong><\/td>\n70.01 % (Post-issue)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nSeptember 21,2023 (Thursday)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nNSE-SME<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

JSI’s clientele comes from countries like the United States of America, Spain, Germany, and Belgium.<\/p>\n

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.<\/p>\n

\n

Objects of the Issue<\/h2>\n

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:<\/p>\n

    \n
  1. To meet the working capital requirements.<\/li>\n
  2. Prepayment and repayment of all or a portion of certain unsecured loans availed by the company.<\/li>\n
  3. General Corporate Purpose and to meet the offer expenses.<\/li>\n<\/ol>\n<\/div>\n
    \n