The Initial Public Offering (IPO) of SVJ Enterprises Limited will open for public subscription on Thursday, February 23, 2023 and the three day issue will close tomorrow i.e. Tuesday, February 28, 2023. the issue is worth 36 per share.
By 2:55 p.m., the SVJ Enterprises IPO The shares were subscribed 0.58 times in the retail category and 0.47 times in the retail category and 0.47 times, according to data from the exchanges. Public issue is SME IPO of face value of 1,701,000 equity shares 10, overall 6 crores.
According to market watchers, SVJ Enterprises share is getting a discount of Rs 100 -4 in the gray market today. The company’s shares are expected to be listed BSE SME Forum next week on Thursday, March 9, 2023. The SME platform of the exchanges is for small and medium sized companies. First Overseas Capital Limited is the Leading Manager to the issue.
The finalization of share allotment basis of the initial share sale is expected on March 3, 2023 and the credit of shares in the demat account, if allotted, would take place on March 8, 2023. BigShare Services Pvt. Ltd.
The company in its IPO papers had said that the net proceeds of the issue are proposed to be utilized for working capital requirements and general corporate purposes.
SVJ Enterprises Limited manufactures disposable paper plates. They have modern infrastructure to manufacture all types of Paper Plates as per the international standards as per the requirements of the clients.
Prior to its present venture, SVJ Enterprise was involved in manufacturing, procurement, supply, import, export and sale of honey products, food grains etc. in India and abroad. Suresh Jha and Veena Jha are the promoters of the company.
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