Jiwanram Sheoduttrai Industries IPO Allotment Status:- The initial public offering (IPO) for Jiwanram Sheoduttrai has been scheduled to run from September 8 through September 12, 2023. An NSE SME IPO called Jiwanram Sheoduttrai is looking to raise 17.07 crores from the general public. The Jiwanram Sheoduttrai IPO price band is established at 23 and has a market lot of 6000 shares.
The Jiwanram Sheoduttrai Industries IPO Allotment Status will be decided on September 15, 2023. The return process will begin on September 18, 2023, and shares will be added to Demat accounts on September 20, 2023. On September 21, 2023, it’s projected that the Jiwanram IPO will list. The IPO will be list on the NSE SME.
Jiwanram Sheoduttrai Industries IPO Allotment Status
On the Cameo india website or offline using their bank and Demat account, investors can verify the progress of their allocations. The company aims to raise approximately $17.7 billion through the Jiwanram Sheoduttrai Industries IPO Allotment Status at a fixed price of $23 per equity share. In this IPO, Jiwanram Sheoduttrai Industries set aside shares worth 50% NII and 50% for the retail sector. Jiwanram Sheoduttrai Industries Limited manufactures and exports industrial safety gloves and apparel.
The company manufactures a range of gloves, work attire, and other PPEs for protection in addition to a solution package for industrial safety. The company provides specialised solutions for industrial safety. The Jiwanram Sheoduttrai Industries IPO Allotment Status, valued at 17.07 crore, has no offer for sale (OFS) component. The entire issuance of 74,22,000 equity shares is a new issue. The issue price for the equity shares is 2.30 times its face value of $10 per share. The Jiwanram Sheoduttrai Industries IPO lot consists of 6,000 shares.
Jiwanram Sheoduttrai Industries IPO Allotment Status Details
|Article Name||Jiwanram Sheoduttrai Industries IPO Allotment Status|
|Opening Date||September 8, 2023|
|Closing Date||September 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 Quota||50% of the net offer|
|NII Quota||50% of the net offer|
|Basis of Allotment||September 15, 2023|
|Initiation of Refunds||September 18, 2023|
|Credit Of Shares to Demat||September 20th, 2023|
|Listing Date||September 21, 2023|
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Jiwanram Sheoduttrai Industries IPO GMP
Today’s +15 grey market premium for the Jiwanram Sheoduttrai Industries IPO Allotment Status is the same as it was during the previous trading session. This implies that Jiwanram Sheoduttrai stock price was selling at a 15 percent premium, according to topsharebrokers.com. A strong listing is anticipate, and the GMP trend for IPOs is up. The lowest GMP is 6, and the highest is 15, according to TopshareBrokers.com.
When taking into account the high end of the IPO pricing range and the current premium on the grey market, the expected listing price of Jiwanram Sheoduttrai share price is 38 per share, which is 65.22% more costly than the IPO price of 23 per share. “Grey market premium” refers to investors’ willingness to pay more than the issue price.
Jiwanram Sheoduttrai Industries IPO Objectives
The following are the IPO’s goals for Jiwanram Sheoduttrai Industries.
- funding our company’s operating capital needs.
- Some unsecure debts may be prepaid or refund in full or in part by Our Company.
- General corporate purpose
- To meet the Offer expenses
Jiwanram Sheoduttrai Industries IPO Promoters
The Jiwanram Sheoduttrai Industries IPO Allotment Status has a total of four IPO promoters, 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 experience in the field of industrial safety apparel, and throughout that period, the company has built a strong global brand.
- Over the past three years, JSIL has expanded its sales, profitability, capital efficiency, and solvency. It has thus been financially equip to expand without depleting its resources.
- The company has successfully entered foreign markets, and the local market is growing quickly as well.
- It can profit from the international companies that enter the Indian market with strict rules on safety equipment.
- This is a result of the well-known brand that JSIL has been able to develop in numerous international markets.
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Jiwanram Sheoduttrai IPO Review
The exceptional oversubscription in only a matter of hours “reflects the faith and confidence investors have in our vision and the growth potential of our firm.” Promoter and managing director Alok Prakash said, “We are enthusiastic about the route ahead and devoted to utilising these funds to further strengthen our position in the industrial safety business and continue offering top-notch products to our clientele across the globe.
How To Check Jiwanram Sheoduttrai Industries IPO Allotment Status Online?
To learn more about the allocation for the Jiwanram Sheoduttrai Industries IPO Allotment Status
- Visit the website of the registrar managing the IPO.
- Locate the “IPO Allotment” or a comparable part.
- Enter the captcha and your PAN, application number, or DP ID.
- The number of shares allot to you will be display when you click “Submit” to view your allocation status.
- Alternately, you can look for allotment information on the stock markets or in your Demat account.
Jiwanram Sheoduttrai Industries IPO Allotment Status FAQ’S
What time IPO gets listed?
An IPO is listed at 9:00 a.m. on the day of listing. A one-hour pre-open trading session will be held from 9:00 a.m. to 10:00 a.m. on the day of listing. Normal trading for the IPO shares will begin at 10:00 a.m. on the day of listing.
What is PAN allotment number?
A permanent account number (PAN) is a ten-character alphanumeric identifier Foundational ID, issued in the form of a laminated “PAN card”, by the Indian Income Tax Department, to any person who applies for it or to whom the department allots the number without an application.
Why is IPO not allotted?
One of the most common reasons for the rejection of an IPO application is entering invalid or incorrect information on the application form. While this is usually a typing error or simple oversight, it can cost you an opportunity to receive an allotment. Hence, fill out the application form carefully.