SVJ Enterprises IPO GMP, Price, Dates & Allotment Details 2023
SVJ Enterprises IPO will open on February 23 and close on February 28, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 6.12 crore through this public offering, consisting of 1,701,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 36 per share.
Incorporated in 2009. Initially, the company was engaged in the production and trading of honey. Further, the company switched to the manufacturing of disposable paper plates. And is now producing disposable silver laminated plates, aluminum foil food containers, aluminum laminated bags and pouches, packaging pouches, and so on.
Aluminum is 100% recyclable without any loss of its intrinsic properties. Many states in the United States have banned plastic, and the best substitute is the Company’s products.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- To meet the working capital requirements of the company.
- To meet the Issue Expenses.
- General Corporate Purpose.
Financial Highlights (Restated Consolidated)
| Particulars | Period ended on 30th June 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 334 | 305 | 233 | 210 |
| Total Assets | 670 | 679 | 498 | 376 |
| Total Revenue | 104 | 503 | 152 | 84 |
| Profit After Tax | 29 | 72 | 23 | -0.16 |
SVJ Enterprises IPO – Details
According to the DRHP filed with SEBI, the company plans to issue 1,701,000 shares of face value of ₹ 10 each, aggregating up to ₹ 6.12 crore.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 36 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 1,701,000 shares of ₹ 10 (Aggregating up to ₹ 6.12 Crore) |
| Fresh Issue | 1,701,000 shares of ₹ 10 (Aggregating up to ₹ 6.12 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | BSE SME |
| Company Promoters | Mr. Suresh Jha Ms. Veena Jha |
GMP – SVJ Enterprises IPO
SVJ Enterprises IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuated and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – SVJ Enterprises IPO
SVJ Enterprises IPO opens on February 23 and closes on February 28, 2023.
| Opening Date | February 23, 2023 |
| Closing Date | February 28, 2023 |
| Basis of Allotment | March 3, 2023 |
| Initiation of Refunds | March 6, 2023 |
| Credit of shares to Demat A/c | March 8, 2023 |
| Listing Date | March 9, 2023 |
Lot Size – SVJ Enterprises IPO
The lot size of the SVJ Enterprises IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 108,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 108,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 108,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 216,000 |
Promoters Holdings – SVJ Enterprises IPO
| Pre-issue Shares Holdings | 85.54% |
| Post-issue Shares Holdings | 59.42% |
SWOT Analysis – SVJ Enterprises IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Flexibility in business approach to accommodate unique requirements of the customers. 2. Aggressive marketing strategy with round the clock customer services. 3. Excellent logistic support to ensure on-time delivery of the products. 4. Steady Growth of business. Financial credentials. | 1. Risky Rate of Return-on-Investment ratio. 2. Unexpected changes in Government policies and regulations. |
| OPPORTUNITIES | THREATS |
| 1. A single platform to demonstrate capabilities, world wide. 2. Sustainability and environmentalism sometime means extra costs for the customers. | 1. Continual upgradation of technology and process targeted to tap the global customers. 2. Intensive management development plans to establish operation overseas. 3. Introduction of highly efficient and low cost machines for entrants in the SME sector. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | SVJ Enterprises Limited 002, A-Wing, Sonam Palace CHS, Old Golden Nest Phase 1, New Golden Nest Road, Bhayander East, Thane 401105 Phone: +91-9869057304 Email: [email protected] Website: http://svjenterprises.co.in/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] Website: http://www.bigshareonline.com |
| IPO Lead Manager(s) | First Overseas Capital Limited |
FAQ’s
What is the SVJ Enterprises IPO price?
The SVJ Enterprises IPO price is ₹ 36 per share.
What will be the SVJ Enterprises IPO lot size?
One lot of the SVJ Enterprises IPO contains 3,000 shares of ₹ 108,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will SVJ Enterprises IPO allotment be available?
The finalisation of the basis of allotment for the SVJ Enterprises IPO will be done on March 3, 2023, and the allotted shares will be credited to your demat account by March 8, 2023. Check the SVJ Enterprises IPO allotment status.
When will SVJ Enterprises IPO list on exchanges?
The SVJ Enterprises IPO shares listing date is March 9, 2023.
How many shares in the SVJ Enterprises IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.
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