Tag: Jiwanram Sheoduttrai
- 18 Sep
Jiwanram Sheoduttrai Industries Sheds 5% on Day 1 of Listing
Jiwanram Sheoduttrai Industries, a manufacturer and exporter of industrial safety gloves and garments, listed on NSE Emerge at a 30% premium to issue price on September 18. However, the stock fell 5% and hit the lower circuit soon after listing. The company's IPO was subscribed 105.15 times, with retail investors buying 151.6 times the allotted quota. The company will use the proceeds from the IPO for working capital requirements and debt repayment.