Jiwanram Sheoduttrai Industries Limited
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Having completed its public offering, Jiwanram Sheoduttrai Industries Limited's is now listed and trading on the NSE exchange as of Sep 18, 2023. The IPO raised cumulative capital of 74,22,000 Shares, including 74,22,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹23 to ₹23 and minimum investment requirement of 6000 shares. subscription activity between Sep 08, 2023 and Sep 12, 2023 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Sep 14, 2023 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Jiwanram Sheoduttrai Industries Limited, incorporated in 1997, manufactures and exports industrial safety gloves and garments. The company operates three manufacturing units in Baruipur, Nandankanan, and Falta SEZ, West Bengal, and has three main business verticals: industrial leather gloves (Canadian, Welder, Driver, Mechanical, Combi, Hi-Vis, etc.), industrial garments (fire-retardant, high-visibility, water-repellent, UV-protection, anti-bacterial, and customized apparel), and work/casual wear including hospital and hotel garments, shirts, trousers, jackets, and T-shirts. Its clientele spans the USA, Spain, Germany, and Belgium, with revenues of Rs. 4.06 Cr., Rs. 3.24 Cr., and Rs. 2.92 Cr. in fiscal 2023, 2022, and 2021 respectively.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Alok Prakash
- Mrs. Anupama Prakash
- Mr. Gyan Prakash
- Alok Prakash HUF
Jiwanram Sheoduttrai Industries Limited
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