The Jiwanram IPO commenced on September 8, 2023, and concluded on September 12, 2023. The allotment of shares took place on September 15, 2023, and the initiation of refunds began on September 18, 2023. The shares were credited to the demat accounts of investors on September 20, 2023. Finally, the listing of Jiwanram on the stock exchange occurred on September 21, 2023.
The Jiwanram IPO was priced at ₹23 per share, with a lot size of 6000. The total issue size was ₹17.07 crores, comprising a fresh issue of ₹17.07 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the Other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Jiwanram IPO Basic Details
| Company Name | Jiwanram Sheoduttrai Industries Limited |
| Domain of Company | Manufactures and Exports Industrial Safety Gloves and Garments |
| Jiwanram IPO GMP Today | ₹15 |
| Jiwanram IPO Listing Gain | 65.22% |
| Jiwanram IPO Open Date | September 8, 2023 |
| Jiwanram IPO Close Date | September 12, 2023 |
| Jiwanram IPO Allotment Date | September 15, 2023 |
| Jiwanram IPO Listing Date | September 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹23 per share |
| Lot Size | 6000 Shares |
| Issue Size | 7,422,000 shares of ₹10 (aggregating up to ₹17.07 Cr) |
| Fresh Issue | 7,422,000 shares of ₹10 (aggregating up to ₹17.07 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Alok Prakash, Anupama Prakash, Gyan Prakash And Alok Prakash Huf |
Jiwanram IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 9 September 2023 | ₹15 | 65.22% | – | – |
| 8 September 2023 | ₹15 | 65.22% | – | – |
Jiwanram IPO Details:
Founded in 1997, Jiwanram Sheoduttrai Industries Limited specializes in producing and exporting a wide range of industrial safety gloves and garments.
Our company manufactures industrial clothing and gloves while also offering a variety of head-to-toe safety wear and workwear. Our manufacturing facilities are strategically located in Baruipur, Nandankanan, and Falta SEZ in West Bengal.
Jiwanram Sheoduttrai Industries operates in three main segments:
- Industrial Leather Gloves: Our product range includes Canadian, Welder, Driver, Mechanical, Combi, Hi-Vis gloves, and more. These gloves can be customized with Thinsulate lining and Kevlar stitching to meet our customers’ specific requirements.
- Industrial Garments: We manufacture a wide array of industrial clothing, including fire-retardant, high-visibility, water-repellent, U.V. protection, oil and soil repellent, anti-bacterial, and anti-peeling garments. These items are tailored to meet our customers’ exact specifications.
- Work and Casual Wear: In addition to safety gear, we also provide custom manufacturing services for hospital garments, hotel industry attire, shirts, trousers, jeans, jackets, and T-shirts, all produced according to our clients’ orders.
Our valued clientele hails from countries such as the United States of America, Spain, Germany, and Belgium.
In terms of financial performance, our company achieved total revenues of Rs. 40.69 Lacs, Rs. 32.48 Lacs, and Rs. 29.25 Lacs in the fiscal years 2023, 2022, and 2021, respectively.
Jiwanram IPO More Details Click Here
Jiwanram IPO FAQs
When is Jiwanram IPO open?
Jiwanram IPO will open on 8 September 2023.
When is Jiwanram IPO Close?
Jiwanram IPO will be closed on 12 September 2023.
What is Jiwanram IPO GMP Today?
The Jiwanram IPO GMP aka Grey Market Premium is ₹15.
What is Jiwanram IPO Kostak Rates Today?
The Jiwanram IPO Kostak Rate is ₹000.
What is Jiwanram IPO Subject to Sauda Price Today?
The Jiwanram IPO subject to sauda rates is ₹000.
Jiwanram IPO Expected Returns?
The Jiwanram expected return is 65.22%.
How much will be the listing gain in Jiwanram IPO?
Jiwanram IPO will get listing gain of 65.22%. (Approx.)
