• By Goodwill
  • No Comments
  • September 12, 2023

IPO : Jiwanram Sheoduttrai Industries Limited

 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

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:

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)

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:

  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.
    • SMART IPO using UPI, you can now apply online
      For Existing Clients : https://gudwil.in/IPO
      Open an account :  https://gudwil.in/smart
      Further any clarification, feel free to contact your Branch / Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999Warm Regards,
      Team Goodwill

      DISCLAIMER : Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @ https://gwcindia.in/Disclaimer

Leave a Reply

Your email address will not be published. Required fields are marked *