Jiwanram Sheoduttrai Industries Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Jiwanram Sheo

CMP

14.75

+0.35 (2.43%)

₹23

Offer Price

₹ 17.07 Cr

Issue Size

₹ 1,38,000

Min Investment

6,000

Lot size

Time Line

  • 08
    Sep 2023
    Open
  • 12
    Sep 2023
    Close
  • 15
    Sep 2023
    Finalisation of Basis of Allotment
  • 18
    Sep 2023
    Initiation of Refunds
  • 20
    Sep 2023
    Transfer of Shares to Demat Account
  • 18
    Sep 2023
    Listing Date

Objects of the Offer

  • Brand building.

  • International Marketing.

  • One Stop Solutions.

  • Effective Supply Chain Integration.

  • Niche Product Marketing.

Products & Services

  • The Company is manufacturing industrial safety gloves and gradually expanded its presence in the industrial garment sector.

Strengths

  • International Presence and Wide Distribution Network.

  • Cost effective production and timely fulfilment of orders.

  • Established manufacturing facilities with over decades of operations.

  • Products with National & International Certifications.

  • Experienced Promoters and strong senior management team with extensive knowledge of the sector.

Risks

  • The Company and its Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.

  • The company has a certain contingent liabilities which, if materialised, may adversely affect its financial condition.

  • The company Primary Raw material is leather and fabrics-the price of which keeps on changing and fluctuations in the price of the same may increase its production expenses which may have a financial impact on the Company.

  • The company is mainly dependent on exports for sale of its products. Consequently, the company is exposed to foreign currency fluctuations risks which may have an adverse effect on its business, result of operations and financial condition.

  • The company operate in an industry with several competitors, including large and established ones, and its may fail to compete successfully against existing or new competitors, which may reduce the demand for its products and services which may lead to reduced prices, operating margins, profits and further result in loss of market share across product categories.

Company Promoters

Promoters Holding

Issue For IPO
26.64%
Pre Holding

88.82%

Post Holding

62.18%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 30.52 (33.00%) 34.08 (11.70%) 42.32 (24.20%)
Gross Profit 30.52 (33.00%) 34.08 (11.70%) 42.32 (24.20%)
Net Income 30.52 (33.00%) 34.08 (11.70%) 42.32 (24.20%)
Assets 30.52 (33.00%) 34.08 (11.70%) 42.32 (24.20%)
Liabilities 30.52 (33.00%) 34.08 (11.70%) 42.32 (24.20%)

Book Running Managers

  • Affinity Global Capital Market Pvt Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

30D Jawaharlal Nehru Road,
,
Kolkata - 700016
Phone : 91-33-4016 9500 Email : investor@jiwan.co.in www.jiwanramgroup.com

Offer Related Information

Initial public offer of upto 74,22,000 equity shares of Rs. 10/- each ("Equity Shares") of Jiwanram Sheoduttrai Industries Limited ("JSIL" or the "Company") for cash at a price of Rs. 23/- per share (the "Offer Price"), aggregating to Rs. 17.07 crores ("The Offer"), of which upto 3,72,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto... More

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