SVJ Enterprises Limited IPO : Key Details

SVJ Enterprises Limited IPO is set to launch on 23 Feb, 2023. The company initiated its business operations in 2009. It is involved in manufacturing disposable paper plates. It is also involved in another business for manufacturing, supplying, buying, sportring, importing of honey products, grains, food products etc. 

SVJ Enterprises Limited IPO DETAILS

SVJ Enterprises Limited IPO is set to launch on 23 Feb., 2023. The subscription timeline extends till 28 Feb, 2023. The size for the IPO is 6.12 Crore Rs. Shares issued through fresh issue mode are worth 6.12 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 36 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of SVJ Enterprises Limited IPO 

SVJ Enterprises Limited IPO : IMPORTANT DATES

SVJ Enterprises Limited IPO begins for subscription from 23 Feb., 2023. The IPO subscription would continue till 28 Feb., 2023. The allotment status for the shareholders who applied would come on 3 March, 2023. The refunds for the ones who did not get allotment would be initiated on 6 March, 2023. The DEMAT accounts of shareholders would be credited on 8 March, 2023. The listing of the company would be accompanied on 9 March 2023.

SVJ Enterprises Limited IPO : Lead Managers

The lead managers are :

• First Overseas Capital Limited

The minimum lot size for the company is decided at  3000 shares. This holding accounts to  108000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 216000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The money raised will be also utilised for the working capital requirements.

COMPANY FINANCIALS

SVJ Enterprises Limited had an asset base of 376 Lakh Rs in 2020. This increased by more than 100 Lakh Rs to 497 Lakh Rs in 2021. In 2022 the same increased to 678 Lakh Rs. As the assets of the company are constantly increasing which is a good sign for any company. On the other hand the revenue of the comedy is also increasing very rapidly. The revenue of the company was 83 Lakh Rs in 2020 which increased to 152 Lakh Rs in 201. These figures increased to a whopping 503 Lakh Rs in 2022. This indicates a jump of more than 350 Lakh Rs in the revenue figures within a time period of one year,

The profits of the company are also getting better with time. The company was facing a loss of 16000 Rs in 2020. The situation got better with increased revenue and asset base in 2021. The year 2021 recorded a profit of 23 Lakh Rs. This figure moved further to 72 Lakh Rs in 2022. Thus the company’s financials are getting better with time. The assets, revenue and even the profitability is increasing at almost double pace every year. Hence the financials of the company look extremely sound based on these figures. 

PROS

• The asset base of the company is constantly increasing.

CONS

• The company works in a highly competitive segment. 

SVJ Enterprises Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the SVJ Enterprises Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.