Jiwanram Sheoduttrai Industries Limited
ListedSMETextiles & Apparel · NSE
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.
Price Band
₹23
Issue Size
₹17.07 Cr
Lot Size
6000 shares
GMP
₹13
+56.5%
Est. Listing
₹36
at current GMP
Subscribed
108.38x
overall
Open
8 Sep 2023
Close
12 Sep 2023
Allotment
14 Sep 2023
Refund
15 Sep 2023
Demat Credit
16 Sep 2023
Listing
18 Sep 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Textiles & Apparel segment
- •Price band established at ₹23 - ₹23 per equity share
- •Minimum bid lot is 6000 shares
- •Estimated listing target of ₹36 based on current grey market activity