Single Blog Title

This is a single blog caption

Jiwanram Sheoduttrai Industries IPO Allotment Status, Refund & Listing Date

Jiwanram Sheoduttrai Industries IPO Allotment

Jiwanram Sheoduttrai’s initial public offering (IPO) date has been set; it will begin on September 8, 2023, and end on September 12, 2023. Jiwanram Sheoduttrai is an NSE SME IPO seeking to raise ₹17.07 crores from the public. With a market lot of 6000 shares, the Jiwanram Sheoduttrai IPO price band is set at ₹23. On September 15, 2023, the Jiwanram Sheoduttrai Industries IPO Allotment Status will be decided. On September 18, 2023, the refund procedure will start, and on September 20, 2023, shares will be added to Demat accounts. The Jiwanram IPO is anticipated to be listed on September 21, 2023. On the NSE SME, the IPO will be listed.

Jiwanram Sheoduttrai Industries IPO Allotment Status

Investors can check their allocation status offline via their bank and Demat account or online on the Cameoindia website. Through the Jiwanram Sheoduttrai Industries IPO Allotment Status, the corporation hopes to raise around ₹17.07 billion at a set price of ₹23 per equity share. Jiwanram Sheoduttrai Industries reserved shares totaling 50% NII and 50% for the retail category in this IPO. Industrial Safety Gloves and Garments are produced and exported by Jiwanram Sheoduttrai Industries Limited.

The business produces a variety of gloves, industrial clothing, and other protective PPEs in addition to a solution kit for industrial safety. In the area of industrial safety, the business offers customized solutions. There is no offer for sale (OFS) component in the Jiwanram Sheoduttrai Industries IPO Allotment Status, which is valued at ₹17.07 crore. 74,22,000 equity shares are being issued entirely as a new issue. The equity shares have a face value of ₹10 apiece, and the issue price is 2.30 times that amount. 6,000 shares make up the Jiwanram Sheoduttrai Industries IPO lot.

Jiwanram Sheoduttrai Industries IPO GMP

The grey market premium for the Jiwanram IPO today is +15, which is consistent with the prior trading session. According to topsharebrokers.com, this suggests that Jiwanram Sheoduttrai’s share price was trading at a premium of ₹15. IPO GMP trend is up, and a good listing is anticipated. Topsharebrokers.com says the lowest GMP is ₹6, and the highest is ₹15.

Opening DateSeptember 8, 2023
Closing DateSeptember 12, 2023
IPO Size Approx₹17.07 Crores, 74,22,000 Equity Shares
Face Value₹10 Per Equity Share
IPO Price Band₹23 Per Equity Share
Retail Quota50% of the net offer
NII Quota50% of the net offer
Basis of AllotmentSeptember 15, 2023
Initiation of RefundsSeptember 18, 2023
Credit Of Shares to DematSeptember 20th, 2023
Listing DateSeptember 21, 2023
IPO Listing onNSE SME

The predicted listing price of Jiwanram Sheoduttrai share price is ₹38 per share, which is 65.22% more expensive than the IPO price of ₹23 when considering the top end of the IPO pricing range and the present premium on the grey market. The phrase “grey market premium” denotes investors’ readiness to pay more than the issue price.

How to check the Jiwanram Sheoduttrai Industries IPO Allotment Status?

To find out the status of the Jiwanram Sheoduttrai Industries IPO allocation:

  • Visit the registrar’s website handling the IPO.
  • Find the “IPO Allotment” or similar section.
  • Enter your PAN, application number, or DP ID and captcha.
  • Click “Submit” to view your allotment status, showing the number of shares allocated to you.
  • Alternatively, check the stock exchanges or your Demat account for allotment details.

Jiwanram Sheoduttrai Industries IPO Objectives

Objectives of Jiwanram Sheoduttrai Industries IPO are as follows.

  • Funding working capital requirements of our Company.
  • Our Company may prepay or refund all or part of some unsecured debts.
  • General corporate purpose
  • To meet the Offer expenses

Jiwanram Sheoduttrai Industries IPO Promoters

There are a total of four IPO promoters for Jiwanram Sheoduttrai Industries, which are:

  • Mr. Alok Prakash
  • Mrs. Anupama Prakash
  • Mr. Gyan Prakash
  • Alok Prakash HUF

Jiwanram Sheoduttrai Industries IPO Strengths

  • JSIL has more than two decades of expertise in the industry of industrial safety apparel and has developed a potent global brand during that time.
  • JSIL has increased its sales, profitability, capital efficiency, and solvency during the last three years. As a result, it is now financially prepared to grow without depleting its resources.
  • The business has successfully penetrated international markets and is also seeing rapid local market expansion.
  • It may take advantage of the market of foreign businesses entering the Indian market with stringent regulations for safety gear. This is a result of the established brand that JSIL has managed to create in many foreign marketplaces.

Jiwanram Sheoduttrai IPO Review

The extraordinary oversubscription in under two hours “reflects the faith and confidence investors have in our vision and the development potential of our firm. Alok Prakash, the company’s promoter and managing director, stated, “We are enthusiastic about the path ahead and dedicated to using these funds to further expand our position in the industrial safety industry and continue providing high-quality goods to our worldwide clientele.