Kolkata: Jiwanram Sheoduttrai Industries Ltd. (JSIL), a dominant player in the global personal protective equipment market (PPE Market) and a top leader in the domestic market with a long-sustaining relationship with overseas buyers, has filed draft papers to raise funds through an initial public offering (IPO). The company received approval from NSE SME on the Draft Prospectus on 29th August 2023, the Merchant Banker being Affinity Global Capital Market Private Limited (AGCMPL).
Jiwanram started its operations with the manufacturing of PPEs way back in 1997. The company established a state-of-the-art manufacturing facility and started exporting to the USA, Spain, Germany and Belgium. As the business matured, JSIL has created differentiation in the market with high-quality products and gained a remarkable presence, especially in Europe, America and the Middle East. JSIL has been in the industrial safety industry for more than two decades. It has a geographical footprint in over 20 countries.
The company started operations with the manufacturing of industrial safety gloves and gradually increased the product lines in the industrial garment sector. The company has grown into one of the leading Export houses and technology-driven safety solutions Company globally and in India, covering 10 Countries and 6 States having 3 Manufacturing Units.
The Promoters of the Company are Mr. Alok Prakash – MD, Mrs. Anupama Prakash – CFO and Mr. Gyan Prakash.
The global personal protective equipment market (PPE Market) was USD 68.5 billion in 2022 and is projected to reach USD 64.2 billion by 2027, at a CAGR -1.3% from 2022 to 2027. Increasing demand for personal protective equipment in the manufacturing and construction industry is the major factor driving the market growth. The rising concerns of both the employer and employee regarding safety at the workplace are driving the market for personal protective equipment such as protective gloves, full-bodysuits, safety boots, elbow protectors’ safety spectacles, and welding shields globally.
The company is committed to continuous improvement through process innovation and quality maintenance, focusing on producing quality products to increase customer satisfaction and develop a positive brand image in the industry. JSIL’s management and team have enabled the company to maintain continuing customer relations, ensuring repeat order flows.
Jiwanram Sheoduttrai Industries Limited has registered as an Original Equipment Manufacturer (OEM) at the Government e-Marketplace (GeM) under the Quality Council of India. This move was made to increase the company’s presence in the domestic market. JSIL has been providing job work for some of the brand owners in the work and casual wear segment.
Affinity Global Capital Market Private Limited (AGCMPL), a SEBI-registered Category I Merchant Banker, handles the issue for Jiwanram. AGCMPL is the pioneer in financial services with the concept of a single window, multilateral, and diversified solution provider. With a strong management and executive team, they take pride in assisting clients to achieve their financial and strategic goals.