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SVJ Enterprises IPO is a fixed price issue of Rs 6.12 crores. The issue is entirely a fresh issue of 17.01 lakh shares.
SVJ Enterprises IPO bidding started from February 23, 2023 and ended on February 28, 2023. The allotment for SVJ Enterprises IPO was finalized on Friday, March 3, 2023. The shares got listed on BSE SME on March 9, 2023.
SVJ Enterprises IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹216,000.
First Overseas Capital Limited is the book running lead manager of the SVJ Enterprises IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for SVJ Enterprises IPO is Nikunj Stock Brokers.
Refer to SVJ Enterprises IPO RHP for detailed information.
| IPO Date | February 23, 2023 to February 28, 2023 |
| Listing Date | March 9, 2023 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,701,000 shares (aggregating up to ₹6.12 Cr) |
| Fresh Issue | 1,701,000 shares (aggregating up to ₹6.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,870,000 |
| Share holding post issue | 5,571,000 |
| Market Maker portion | 87,000 shares Nikunj Stock Brokers |
SVJ Enterprises IPO offers 1,701,000 shares. 807,000 (47.44%) to NII, 807,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 87,000 (5.11%) |
| Other Shares Offered | 807,000 (47.44%) |
| Retail Shares Offered | 807,000 (47.44%) |
| Total Shares Offered | 1,701,000 (100%) |
SVJ Enterprises IPO opens on February 23, 2023, and closes on February 28, 2023.
| IPO Open Date | Thursday, February 23, 2023 |
| IPO Close Date | Tuesday, February 28, 2023 |
| Basis of Allotment | Friday, March 3, 2023 |
| Initiation of Refunds | Monday, March 6, 2023 |
| Credit of Shares to Demat | Wednesday, March 8, 2023 |
| Listing Date | Thursday, March 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 28, 2023 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
| Lot Size Calculator | |||
Mr. Suresh Jha and Ms. Veena Jha are the Promoters of the company.
| Share Holding Pre Issue | 85.54% |
| Share Holding Post Issue | 59.42% |
Incorporated in 2009, SVJ Enterprises Limited is engaged in the manufacturing of Disposable Paper Plates. Earlier, they were in the production and trading of honey. The company carry business in India and abroad for manufacturing, buying, supplying, importing, exporting and selling honey products, food product, grains etc.
The product portfolio of the company revolves around the manufacturing of:
They have a well-equipped infrastructure to carry out all types of jobs tailor-made to customer requirements as per international standards. The company offers high-quality materials, scheduled delivery time, cost-effective products, efficient sales and services, and competitive prices at all times.
The promoters of the company are CA Suresh Jha and Mrs Veena Jha. They are the guiding force behind the success of the entity and offer their expertise such that the company thrives in every aspect.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 376.25 | 83.98 | -0.16 | 210.26 | 167.26 |
| 31-Mar-21 | 497.81 | 152.38 | 22.94 | 233.20 | 190.20 |
| 31-Mar-22 | 678.55 | 503.15 | 71.52 | 304.72 | 261.72 |
| 30-Jun-22 | 670.44 | 103.94 | 29.12 | 333.84 | 290.84 |
| Amount in ₹ Lakhs | |||||
The market capitalization of SVJ Enterprises IPO is Rs 20.06 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 12.9 |
The Objects of the Issue are:
[Dilip Davda] The company is trading honey and manufacturing disposable plates, which is a highly competitive and fragmented segment. Based on its latest earnings the issue appears attractively priced but the sustainability of such margins in the future is a significant concern. There is no harm in skipping this “high risk/low return” issue. Read detail review...
The SVJ Enterprises IPO is subscribed 1.49 times on February 28, 2023 6:58:00 PM. The public issue subscribed 0.89 times in the retail category, times in the QIB category, and 2.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.10 |
| Retail | 0.89 |
| Total | 1.49 |
| Listing Date | March 9, 2023 |
| BSE Script Code | 543799 |
| NSE Symbol | |
| ISIN | INE0JZS01010 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹36.00 |
| ₹38.00 |
| ₹36.10 |
| ₹38.00 |
| ₹36.10 |
SVJ Enterprises Limited
002, A-Wing, Sonam Palace CHS,
Old Golden Nest Phase 1, New Golden Nest Road,
Bhayander East, Thane 401105
Phone: +91-9869057304
Email: info@svjenterprises.co.in
Website: http://svjenterprises.co.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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SVJ Enterprises IPO is a SME IPO of 1,701,000 equity shares of the face value of ₹10 aggregating up to ₹6.12 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on February 23, 2023, and closes on February 28, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SVJ Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in SVJ Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SVJ Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SVJ Enterprises IPO opens on February 23, 2023 and closes on February 28, 2023.
SVJ Enterprises IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in SVJ Enterprises 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 SVJ Enterprises IPO will be done on Friday, March 3, 2023, and the allotted shares will be credited to your demat account by Wednesday, March 8, 2023. Check the SVJ Enterprises IPO allotment status.
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RHP
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1 Lot executed at 20% LC.
Looks like tomorrow also 20% LC possible.