JIWANRAM SHEODUTTRAI INDUSTRIES LTD. (JSIL) is a prominent global and domestic player in the industrial safety and personal protective equipment (PPE) market. Founded in 1997 by Mr. Alok Prakash, Promoter and Managing Director, JSIL has established three cutting-edge manufacturing facilities and has a footprint in over 20 countries and 6 Indian states.
The company first produced industrial safety gloves before progressively expanding its offering in the industrial garment industry. The company has expanded into one of the top exporters and technology-driven safety solutions providers. Jiwanram has registered with the Government e-Marketplace (GeM) under the Quality Council of India as an Original Equipment Manufacturer (OEM).
Jiwanram Sheoduttrai Industries Ltd. (JSIL) has filed draft papers to raise funds through the SME Initial Public Offering (SME IPO). The company received approval from NSE SME on the Draft Prospectus on 29th August 2023. The issue is being managed by Affinity Global Capital Market Private Limited (AGCMPL), a Category I Merchant Banker registered with SEBI.
The company aims to raise funds via SME IPO by offering fresh equity shares of 74,22,000 and no offer for sale (OFS). The company aims to utilize the Offer proceeds to meet the working capital requirements, prepayment and repayment of all or a portion of certain unsecured loan availed by our company, general corporate purpose and to meet the offer expenses as per the Draft Prospectus (DP).