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Jiwanram Sheoduttrai Industries Limited IPO (Jiwanram Sheoduttrai Industries IPO) Detail

September 8, 2023 - September 12, 2023

Jiwanram Sheoduttrai Industries IPO is a fixed price issue of Rs 17.07 crores. The issue is entirely a fresh issue of 74.22 lakh shares.

Jiwanram Sheoduttrai Industries IPO bidding started from September 8, 2023 and ended on September 12, 2023. The allotment for Jiwanram Sheoduttrai Industries IPO was finalized on Friday, September 15, 2023. The shares got listed on NSE SME on September 18, 2023.

Jiwanram Sheoduttrai Industries IPO price is ₹23 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹276,000.

Affinity Global Capital Market Private Limited is the book running lead manager of the Jiwanram Sheoduttrai Industries IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Jiwanram Sheoduttrai Industries IPO is Giriraj Stock Broking.

Refer to Jiwanram Sheoduttrai Industries IPO DRHP for detailed information.

Jiwanram Sheoduttrai Industries IPO Details

IPO Date September 8, 2023 to September 12, 2023
Listing Date September 18, 2023
Face Value ₹10 per share
Price ₹23 per share
Lot Size 6000 Shares
Total Issue Size7,422,000 shares
(aggregating up to ₹17.07 Cr)
Fresh Issue7,422,000 shares
(aggregating up to ₹17.07 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue17,326,225
Share holding post issue24,748,225
Market Maker portion372,000 shares
Giriraj Stock Broking

Jiwanram Sheoduttrai Industries IPO Reservation

Jiwanram Sheoduttrai Industries IPO offers 7,422,000 shares. 3,522,000 (47.45%) to NII, 3,528,000 (47.53%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered372,000 (5.01%)
Other Shares Offered3,522,000 (47.45%)
Retail Shares Offered3,528,000 (47.53%)
Total Shares Offered7,422,000 (100%)

Jiwanram Sheoduttrai Industries IPO Timeline (Tentative Schedule)

Jiwanram Sheoduttrai Industries IPO opens on September 8, 2023, and closes on September 12, 2023.

IPO Open Date Friday, September 8, 2023
IPO Close Date Tuesday, September 12, 2023
Basis of Allotment Friday, September 15, 2023
Initiation of Refunds Monday, September 18, 2023
Credit of Shares to Demat Wednesday, September 20, 2023
Listing Date Monday, September 18, 2023
Cut-off time for UPI mandate confirmation 5 PM on September 12, 2023

Jiwanram Sheoduttrai Industries IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹138,000
Retail (Max) 1 6000 ₹138,000
HNI (Min) 2 12,000 ₹276,000
Lot Size Calculator

Jiwanram Sheoduttrai Industries IPO Promoter Holding

Mr. Alok Prakash, Mrs. Anupama Prakash Mr. Gyan Prakash, and Alok Prakash HUF are the promoters of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 70.01%

About Jiwanram Sheoduttrai Industries Limited

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:

  1. 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.
  2. 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.
  3. 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.

Company Financials

Jiwanram Sheoduttrai Industries IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets12,104.1711,377.2512,112.36
Revenue3,281.343,414.894,598.41
Profit After Tax2.98149.69402.65
Net Worth4,307.144,428.274,802.36
Reserves and Surplus3,812.113,933.243,069.74
Total Borrowing4,883.695,230.925,258.99
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Jiwanram Sheoduttrai Industries IPO is Rs 56.92 Cr.

KPI Values
ROE8.38%
ROCE7.29%
Debt/Equity1.1
RoNW8.38%
Pre IPO Post IPO
EPS (Rs) 2.32
P/E (x) 9.9114.11

Objects of the Issue (Jiwanram Sheoduttrai Industries IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. To meet the working capital requirements.
  2. Prepayment and repayment of all or a portion of certain unsecured loans availed by the company.
  3. General Corporate Purpose and to meet the offer expenses.

Jiwanram Sheoduttrai Industries IPO Review (May apply)

[Dilip Davda]   The company is engaged in the manufacturing and marketing of various kinds of industrial safety. It has posted growth in its top and bottom lines for the reported periods, with a quantum jump in FY23 performance. Based on super earnings posted in the last fiscal, the issue appears fully priced. JSIL is spending Rs. 2.76 cr. for this IPO process, which indicates a fully structured mode of this issue. Well-informed investors may consider parking funds for medium to long-term rewards. Read detail review...


Jiwanram Sheoduttrai Industries IPO Subscription Status (Bidding Detail)

The Jiwanram Sheoduttrai Industries IPO is subscribed 112.96 times on September 12, 2023 7:29:00 PM. The public issue subscribed 151.47 times in the retail category, times in the QIB category, and 69.75 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other69.75
Retail151.47
Total112.96

Total Application : 89,063 (151.47 times)

Jiwanram Sheoduttrai Industries IPO Prospectus

Jiwanram Sheoduttrai Industries IPO Rating

7
4.4
Rating:Rated 4.4 stars
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Jiwanram Sheoduttrai Industries IPO Listing Details

Listing Date September 18, 2023
BSE Script Code
NSE Symbol JIWANRAM
ISIN INE0N5H01017
Final Issue Price ₹23 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹23.00
₹30.00
₹28.50
₹30.00
₹28.50

Check IPO Performance…

Jiwanram Sheoduttrai Industries Limited Contact Details

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 Industries IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Jiwanram Sheoduttrai Industries IPO - Buy or Not

Jiwanram Sheoduttrai Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 3 0 0

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Jiwanram Sheoduttrai Industries IPO FAQs

Jiwanram Sheoduttrai Industries IPO is a 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 opens on September 8, 2023, and closes on September 12, 2023.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Jiwanram Sheoduttrai Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Jiwanram Sheoduttrai Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Jiwanram Sheoduttrai Industries IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Jiwanram Sheoduttrai Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Jiwanram Sheoduttrai Industries IPO opens on September 8, 2023 and closes on September 12, 2023.

Jiwanram Sheoduttrai Industries IPO lot size is 6000 Shares, and the minimum amount required is ₹138,000.

You can apply in Jiwanram Sheoduttrai Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Jiwanram Sheoduttrai Industries IPO will be done on Friday, September 15, 2023, and the allotted shares will be credited to your demat account by Wednesday, September 20, 2023. Check the Jiwanram Sheoduttrai Industries IPO allotment status.

The Jiwanram Sheoduttrai Industries IPO listing date is on September 18, 2023.
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Jiwanram Sheoduttrai Industries IPO Message Board

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130 Comments

83. IPOs User |   Link |  Bookmark |September 29, 2023 10:22:22 AM
Today did anyone sold @21 in pre open market?
I got allotted one lot and didn't realise the hitting of LC in 10 min after listing. Because it was showing around +27%. From next day onwards I was trying to sell in pre open market but not succeeded. Today didn't try as hitting LC was stopping.
83.1. jiwanram |   Link |  Bookmark |September 29, 2023 1:59:11 PM
After a long time promoter and their group came with the money they got in IPO and bought shares @21 for around 2.3 Crore rupees. Those who have been allotted JUST SALE AND GET OUT. THIS IS A SCAM COMPANY
82. milan parikh |   Link |  Bookmark |September 23, 2023 11:52:42 PM
Jiwanram June dega ke Mar dalega investor ko
81. IPO guro |   Link |  Bookmark |September 22, 2023 11:47:41 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
SME Market may new inverters kood rahay hi ise liye ipo 400/500 times oversubscribed ho rahay hi
But market say koi nahi jeet sakta market sabak sikha dayge.
81.1. OneSevenSevenOne |   Link |  Bookmark |September 23, 2023 1:55:23 PM
The thing here is that log sme ipo me kud rahe he. SME me nahi. Isliye almost sabhi Ipo 1-2 upper circuit lage ke naa lage bechne ko taiyaar ho jaate he. And if operator like Salvis enter, bhaav sidha jameen ki or chala jaayega.
Aap majority listing me shareholders at the date of allotment and shareholders in next quarter dekhenge to we pahle se kam hi honge
81.2. Imhilli |   Link |  Bookmark |September 24, 2023 11:49:39 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Gain will be more there where retailers are less.
80. G profit |   Link |  Bookmark |September 22, 2023 5:31:46 AM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
After a 113 times over-subscription and decent listing, 3 days LC. Are kya ho rahaa hai? Enna nadakkudhu?
My humble suggestion is to not to blindly apply for all ipos. Follow DD sir's review, ipo mentors of this forum and do your own analysis of the company you are investing. Safeguard your hard-earned money. Eventhough we are not in a bear market, the bull market has come to a temporary halt and markets are correcting and reversing.
79. IPO guro |   Link |  Bookmark |September 21, 2023 10:58:18 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
If available near 14,15 than I will buy.
79.6. G profit |   Link |  Bookmark |September 26, 2023 11:22:03 PM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
Chances are visible seeing the quantity of selling available
79.7. G profit |   Link |  Bookmark |September 28, 2023 5:28:43 PM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
May be it will reach your expected levels next week. Why is it continuously in Lc since listing. Any problem with the company? It was over subscribed substancially too.
78. MadanBandaru |   Link |  Bookmark |September 19, 2023 12:37:30 PM
I haven't got the allotment, but the amount is still unblocked. Any suggestions.
78.1. Shrmeh |   Link |  Bookmark |September 19, 2023 8:28:43 PM
Same in my case my amount is still blocked what should I do now??
77. Noorul |   Link |  Bookmark |September 18, 2023 11:44:17 AM
Didn't buy it. It was good till listing gain.
77.1. Krp |   Link |  Bookmark |September 18, 2023 1:17:35 PM
I got 1 allotment didn't sell yet , can you suggest should I hold or sell on next session?
76. ervrsn |   Link |  Bookmark |September 18, 2023 11:25:49 AM
Listed below GMP and followed by lower circuit!!
75. BLUE WHALE |   Link |  Bookmark |September 18, 2023 10:49:22 AM
Top Contributor Top Contributor (400+ Posts, 200 Likes)
LLG
74. Logij Kumar |   Link |  Bookmark |September 17, 2023 11:07:20 PM
All the best to all allottees for bumper listing. I was not allotted any lot and also not planning to buy any. Hope Affinity keeps this one positive. Will obviously come tomorrow morning to watch the show.
73. KING VINOD |   Link |  Bookmark |September 16, 2023 7:04:09 PM
IPO Guru IPO Guru (2500+ Posts, 5400+ Likes)
Jiwanran GMP 10 ~ 11 @ 06:00pm # 16 Sep
72. jiwanram |   Link |  Bookmark |September 16, 2023 12:05:03 PM
The moment it will be listed I will short it.
72.1. IPO LEADER |   Link |  Bookmark |September 16, 2023 7:03:16 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
T trade me hai bhai Bhool k b short mat kr dena
71. MPIPO |   Link |  Bookmark |September 16, 2023 12:50:16 PM
Listing on 18-09-2023 monday see NSE website
70. KING VINOD |   Link |  Bookmark |September 15, 2023 11:24:48 PM
IPO Guru IPO Guru (2500+ Posts, 5400+ Likes)
Jiwanram Ltd GMP ~ 12 Buyer @ 10pm # 15 Sep #
69. Anari Investor |   Link |  Bookmark |September 15, 2023 6:48:18 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
0/3. No allotment. Amount released by SBI. Cheers.
68. ShriMaan |   Link |  Bookmark |September 15, 2023 11:57:11 AM
Thought I was not allotted any share, but I am impressed with the functioning of Registrar. Highly Appreciated. Well Done
68.3. VP Cameo |   Link |  Bookmark |September 15, 2023 4:16:40 PM
@Safe Bet Sir, thanks for your kind words.
- We shall consider your suggestion and try to publish full basis of allotment in our website, where investor queries are provided. Currently, the basis of allotment advertisement published in the newspaper could not be published in full due to space constraint, as in HNI category the line items are more than 200 in some cases.
- As regards reason for rejection, we are sending individual communication to all investors via email, whose applications are rejected alongwith reason for rejection. We shall try and display the same in our online portal also as suggested by you.
Thank you.
68.4. Safe Bet |   Link |  Bookmark |September 15, 2023 5:22:57 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@VP Cameo  Great ! .... Thanks!
67. Vnrao |   Link |  Bookmark |September 15, 2023 4:44:16 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
No Allotment for 8 lot APPLN., SBI ASBA unblocked.
66. SUNIL BAHETI |   Link |  Bookmark |September 15, 2023 3:17:16 PM
i lot allotted
what strategy should i follow / or on what prise i should exit
66.1. jiwanram |   Link |  Bookmark |September 16, 2023 12:06:50 PM
As I said promoter is stealing money out of purchases and lots of cash loan taken. Just get out.
65. Top Contributor |   Link |  Bookmark |September 15, 2023 2:46:18 PM
0/10
64. VMS IPO |   Link |  Bookmark |September 15, 2023 1:36:59 PM
Smart work done by Cameo Registrat. Although I have no allotment.