SVJ Enterprises SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 23 Feb 2023 – 28 Feb 2023
- Listing date
- 09 Mar 2023
- Face value
- ₹10 per share
- Issue price
- ₹36 per share
- Lot size
- 3,000 shares
- Total issue size
- ₹6.12 Cr
- Market cap at offer price
- ₹20.06 Cr
- Promoter holding
- 100.00% → 69.47% pre-issue → post-issue
- ISIN
- INE0JZS01010
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- First Overseas Capital Ltd.
- Registered office
- 002, A-Wing, Sonam Palace CHS, Old Golden Nest Phase 1, New Golden Nest Road, Bhayander East, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 87,000 | — | — |
Application size
Minimum 3,000 shares per lot, in multiples, at ₹36
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3,000 | ₹1,08,000 |
| S-HNI (min) | 2 | 6,000 | ₹2,16,000 |
| S-HNI (max) | 9 | 27,000 | ₹9,72,000 |
| B-HNI (min) | 10 | 30,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 2.38 | — |
| P/E (×) | 15.13 | — |
| Market cap | — | ₹20.06 Cr |
Key performance indicators
- Return on net worth
- 23.47%
- ROCE
- 2.97%
- Debt / equity
- 0.70
- PAT margin
- 14.38%
- EBITDA margin
- 24.74%
- NAV per share
- ₹10.12
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About SVJ Enterprises SME
S.V.J. Enterprises Limited, originally incorporated in 2009 as a private limited company, began operations in honey production and trading before pivoting to manufacturing disposable paper plates. The company has since evolved into a manufacturer of disposable silver laminated plates, aluminium foil food containers, aluminium laminated bags and pouches, and packaging materials. The company operates a manufacturing facility in Darbhanga, Bihar, and has obtained certifications for honey and FMCG products based on quality management systems. The company is dedicated to serving customers across India with recyclable, eco-friendly, aesthetically appealing, safe, and cost-effective products, leveraging the 100% recyclability of aluminium and the growing trend of plastic bans in Indian states.
Company Analysis
from RHPS.V.J. Enterprises Limited manufactures disposable eco-friendly packaging products including silver laminated plates, aluminium foil containers, and laminated pouches for the FMCG and packaging industries.
S.V.J. Enterprises Limited, originally incorporated in 2009 as a private limited company, began operations in honey production and trading before pivoting to manufacturing disposable paper plates. The company has since evolved into a manufacturer of disposable silver laminated plates, aluminium foil food containers, aluminium laminated bags and pouches, and packaging materials. The company operates a manufacturing facility in Darbhanga, Bihar, and has obtained certifications for honey and FMCG products based on quality management systems. The company is dedicated to serving customers across India with recyclable, eco-friendly, aesthetically appealing, safe, and cost-effective products, leveraging the 100% recyclability of aluminium and the growing trend of plastic bans in Indian states.
Objects of the Issue
- Working Capital Requirements ₹470.00 Lakhs p.20
- General Corporate Purpose ₹102.36 Lakhs p.20
- To meet the working capital requirements of the company ₹470.00 Lakhs p.63
- General Corporate Purpose ₹102.36 Lakhs p.63
- To meet the Issue Expenses ₹40.00 Lakhs p.63
- General corporate purposes p.8
Issue Structure
- Total Issue
- ₹612.36 Lakhs
- Fresh Issue
- 17,01,000 Equity Shares of Face Value ₹10.00 each at ₹36 per share aggregating ₹612.36 Lakhs
- Offer for Sale
- NIL
- Price Band
- ₹36 per Equity Share
- Lot Size
- 3,000 Equity Shares and in multiples of 3,000 thereafter with minimum allotment of 567 Equity Shares
- Face Value
- ₹10.00 per Equity Share
Business Model
The company manufactures and sells disposable packaging products including silver laminated plates, aluminium foil food containers, aluminium laminated bags and pouches, and other packaging materials. Revenue is generated from the sale of these products to customers across India on a purchase order basis, without long-term contracts.
Business Segments
SWOT Analysis
- • Products are recyclable, eco-friendly, and aesthetically appealing with competitive pricing(p.19)
- • Advanced manufacturing technology and quality certifications established(p.19)
- • Well-equipped infrastructure meeting international standards(p.19)
- • Aluminium products offer complete protection and hygienic properties(p.19)
- • Experienced management team with industry knowledge(p.83)
- • Cost efficiency through optimal capacity utilization and low costs(p.85)
- • Quality assurance and customer satisfaction focus(p.85)
- • Well-equipped manufacturing infrastructure(p.83)
- • Strong existing supplier relationships(p.85)
- • Established brand in manufacturing(p.152)
- • Experienced management and skilled workforce(p.152)
- • Quality product offering(p.152)
- • Existing distribution and sales networks(p.152)
- • Customer-centric approach(p.152)
- • Growing profitability track record(p.154)
- • Single manufacturing facility location creates operational concentration risk(p.25)
- • Heavy dependence on Promoter for business strategy and day-to-day operations(p.29)
- • No long-term contracts with customers; business dependent on purchase orders(p.26)
- • Unregistered logo and unprotected intellectual property rights(p.29)
- • Leased manufacturing equipment and premises create dependency on lessors(p.26)
- • Top 5 and top 10 customers contribute major portion of revenues(p.34)
- • Negative cash flow from investing activities in past 3 years(p.32)
- • Non-compliance with statutory provisions regarding Directors and filing requirements(p.28)
- • Limited brand visibility and single platform(p.86)
- • Sustainability and environmental costs burden(p.86)
- • Manual manufacturing processes with limited automation(p.88)
- • Small workforce with limited human capital(p.88)
- • Dependence on few key individuals for management(p.86)
- • High dependence on limited customer base(p.155)
- • Short operating history with recent profitability achievement(p.154)
- • High leverage relative to equity(p.147)
- • Significant working capital requirements(p.138)
- • Plant concentration in limited geographic areas(p.163)
- • Growing demand for aluminium packaging due to health consciousness and bans on plastic(p.19)
- • Significant growth potential in aluminium packaging segment with lower penetration in India(p.19)
- • Changing lifestyle trends and increased demand from 2nd and 3rd tier cities(p.19)
- • Expanding demand for safe, hygienic packaging in food and pharmaceutical sectors(p.19)
- • Plans to expand manufacturing and honey processing operations(p.25)
- • Expansion into new geographical markets beyond Darbhanga(p.83)
- • Growing demand for aluminum foil containers due to health and hygiene(p.81)
- • Replacement of plastic with eco-friendly aluminum products(p.83)
- • Continued technology upgradation for global competition(p.86)
- • Rising demand from pharmaceutical and F&B industries(p.82)
- • Strong growth trajectory in secondary aluminum packaging(p.82)
- • Revenue growth expansion(p.154)
- • Increased business operations and scaling(p.154)
- • Expansion into new industrial sectors(p.162)
- • Access to capital markets through IPO(p.110)
- • Fluctuating raw material prices with no long-term supply agreements(p.25)
- • Intense competition from organized players and unorganized sector(p.29)
- • Risk of product substitution with other packaging materials(p.25)
- • Dependence on third-party transportation providers with rising costs(p.26)
- • Vulnerability to power supply disruptions affecting production(p.27)
- • Labour-intensive operations vulnerable to strikes and work stoppages(p.24)
- • Regulatory compliance risks and changes in government regulations(p.40)
- • Economic downturn and reduced demand due to COVID-19 pandemic impacts(p.34)
- • Risky return on investment ratios(p.86)
- • Unexpected changes in government policies and regulations(p.86)
- • Industry subject to external shocks and economic slowdown(p.76)
- • Global inflation and tighter monetary policy affecting demand(p.76)
- • No direct competitors currently but risk of new entrants(p.88)
- • Dependence on aluminum foil as primary raw material(p.83)
- • Vulnerability to raw material price fluctuations(p.152)
- • Exposure to operating cost volatility(p.152)
- • Competitive market fragmentation(p.152)
- • Economic sensitivity and macroeconomic uncertainty(p.152)
- • Currency fluctuation risk(p.152)
- • Natural disaster and calamity risk(p.152)
- • Regulatory changes affecting operations(p.152)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Suresh Ramchandra Jha | Promoter | 76.21% | — |
| Ms. Veena Suresh Jha | Promoter | — | — |
| Mr. Suresh Jha | Promoter | 45.98% | 31.94% |
| Mrs. Veena Suresh Jha | Promoter | 30.23% | 21.00% |
| Suresh Ramchandra Jha | Promoter | 51.53% | — |
| Veena Suresh Jha | Promoter | 35.79% | — |
| Veena Jha | First Director | — | — |
| Suresh Jha | First Director | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.