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<ul><li>Jiwanram Sheoduttrai Industries has received a nod from NSE SME for its IPO.</li><li>The company aims to raise funds by offering fresh equity shares of 74,22,000.</li><li>The company is a manufacturer of personal protective equipment (PPE).</li></ul>Jiwanram Sheoduttrai Industries (JSIL) has received approval for its small and medium enterprise (SME) initial public offering (IPO) from NSE SME on August 29, 2023. Affinity Global Capital Market is the merchant banker for the IPO. JSIL is a dominant player in the domestic and global personal protective equipment (PPE) industry. It has been producing PPEs since 1997. The company is led by promoter Alok Prakash; the managing director Anupama Prakash, and the chief financial officer Gyan Prakash. <cmsannotation type="cmsannotation" annotationid="Completely fresh issue" comment="subhead" text="Completely fresh issue">Completely fresh issue</cmsannotation> The company aims to raise the funds by a fresh issue of 74,22,000 equity shares. The funds raised will be used towards funding working capital, prepayment and repayment of all or a portion of certain unsecured loan; and general corporate purpose. <cmsannotation type="cmsannotation" annotationid="From industrial safety gloves to PPE" comment="subhead" text="From industrial safety gloves to PPE">From industrial safety gloves to PPE</cmsannotation> The company began its journey by producing industrial safety gloves and has expanded its business over the years to the industrial garment industry. It has three manufacturing facilities that cover India and ten other countries. The company initially began with exporting PPEs to the United States, Spain, Germany, and Belgium. It now exports to twenty countries, including regions in Europe and the Middle East. The company currently enjoys a margin of 9.5%, earning a profit after tax of ₹4 crore on a turnover of ₹42 crore. The company has registered with the Government e- Marketplace (GeM) under the Quality Council of India as an Original Equipment Manufacturer (OEM). With this, the company intends to strengthen its position in the domestic market. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/webstories/royal-enfield-bullet-350-launched-with-a-price-tag-of-1-74-lakh/slidelist/103278539.cms">All new Royal Enfield Bullet 350 is here with a refined design and a new engine</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/new-smartphone-moto-g84-5g-announced-in-india-checkout-features-and-price/slidelist/103268120.cms">Moto G84 5G with 12GB RAM, vegan leather back unveiled in India</a> <a href="https://www.businessinsider.in/tech/news/lenovo-tab-p12-with-jbl-speakers-3k-display-launched-in-india-at-34999/articleshow/103273070.cms">Lenovo Tab P12 with JBL speakers, 3K display launched in India at ₹34,999</a>

PPE manufacturer Jiwanram Sheoduttrai Industries gets NSE approval for its SME IPO

<ul><li>Rishabh Instruments is set to announce its share allotment status on Wednesday, September 6.</li><li>The shares of Rishabh Instruments were subscribed 31.65 times.</li><li>The shares are expected to be listed on the stock exchanges on September 11.</li></ul>Nashik-based Rishabh Instruments, a company engaged in the business of design, development and manufacturing of test and measuring instruments, is expected to announce the allotment status of its initial public offering (IPO) today, that is September 6. The <keyword id="15946288" type="General" weightage="20" keywordseo="rishabh-instruments-ipo" source="Orion">Rishabh Instruments IPO</keyword> opened on August 30 and closed on September 1. The price band for the IPO was ₹418 to ₹441 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the Rishabh Instruments IPO was subscribed 31.65 times, receiving bids for 24.66 crore equity shares against 77.90 lakh shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 72.54 times, the non-institutional investors portion was subscribed 31.29 times. The retail portion also witnessed good participation and was subscribed 8.44 times. Grey market premium The shares of Rishabh Instruments are currently commanding a grey market premium (GMP) of ₹65 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="18666196" type="General" weightage="100" keywordseo="rishabh-instruments-ipo-allotment" source="Orion">Rishabh Instruments IPO allotment</keyword> status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.</li><li>Click on ‘Company Selection’ and then select ‘Rishabh Instruments’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Click on ‘Search’.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Rishabh Instruments IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Rishabh Instruments’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="Rishabh Instruments listing date" comment="subhead" text="Rishabh Instruments listing date">Rishabh Instruments listing date</cmsannotation> The shares of Rishabh Instruments will be listed on the stock exchanges on September 11. SEE ALSO: <a href="https://www.businessinsider.in/tech/gadgets/news/apple-watch-series-9-launch-on-september-12-check-out-expectations-and-rumours/articleshow/103389279.cms">Apple Watch Series 9 launch on September 12 – expectations, rumours and all you need to know</a> <a href="https://www.businessinsider.in/business/auto/news/volvo-c40-recharge-with-530-km-range-launched-in-india-for-61-25-lakh/articleshow/103382328.cms">Volvo C40 Recharge with 530 km range launched in India for ₹61.25 lakh</a> <a href="https://www.businessinsider.in/stock-market/news/ppe-manufacturer-jiwanram-sheoduttrai-industries-gets-nse-sme-approval-for-its-sme-ipo/articleshow/103284123.cms">PPE manufacturer Jiwanram Sheoduttrai Industries gets NSE approval for its SME IPO</a>

Rishabh Instruments IPO allotment – how to check allotment, GMP, listing date and more

<ul><li>Royal Enfield today launched the next-gen <keyword id="6371685" type="General" weightage="80" keywordseo="bullet" source="Orion">Bullet</keyword> 350 with a new engine in India.</li><li>The Bullet 350 has been priced starting at ₹1.74 lakh and is available in three variants.</li><li>Here’s everything you need to know about the 2023 Bullet 350.</li></ul>Royal Enfield launched the much-awaited next-gen Bullet 350 in India on Friday. The bike has received several changes, both internally and externally while retaining its iconic design. The Bullet 350 is finally equipped with the 349cc J-platform engine that is used on other bikes from the company. The company has started accepting bookings for the bike. “We have purposefully endeavoured to retain the essence of the legacy of the <keyword id="191253" type="General" weightage="20" keywordseo="royal-enfield-bullet" source="Orion">Royal Enfield Bullet</keyword> as it readies to transition to a new form and avatar and steadfastly rides on to a century and beyond,” said B Govindarajan, chief executive officer, Royal Enfield. <cmsannotation type="cmsannotation" annotationid="The iconic classic design" comment="subhead" text="The iconic classic design">The iconic classic design</cmsannotation> While the next-gen Bullet 350 comes with several minor changes, the bike has retained its classic design, including a circular halogen headlamp, single-piece seat and the iconic stripes on the fuel tank. The bike is equipped with a 349cc air-cooled single-cylinder engine that powers the company’s existing Meteor, Classic and Hunter bikes. It delivers a maximum power output of 20.2 bhp and 27 Nm of peak torque. The Bullet 350 comes with a 300mm disc brake equipped at the front and with 270mm disc or drum brake options at the rear. The bike comes with a digital instrument cluster, telescopic fork, twin shock absorbers and a squared-off rear fender. While the Standard variant is equipped with single channel ABS and rear drum brake, the Standard variant and Black Gold variants are equipped with dual channel ABS and rear disc brakes. All three variants of the Bullet 350 feature a 13-litre teardrop tank along with the traditional Royal Enfield casquette. It supports 37 genuine motorcycle accessories, including nine designed and developed specifically for the Bullet. <cmsannotation type="cmsannotation" annotationid="Bullet 350 price and variants" comment="subhead" text="Bullet 350 price and variants">Bullet 350 price and variants</cmsannotation> The Bullet 350 is available in three variants – <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bullet 350 </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Military Edition </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.74 lakh </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Standard Edition </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.97 lakh </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Black Gold </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2.16 lakh </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/ppe-manufacturer-jiwanram-sheoduttrai-industries-gets-nse-sme-approval-for-its-sme-ipo/articleshow/103284123.cms">PPE manufacturer Jiwanram Sheoduttrai Industries gets NSE approval for its SME IPO</a> <a href="https://www.businessinsider.in/tech/news/iphone-15-series-apple-watch-and-airpods-pro-expected-in-upcoming-apple-event/articleshow/103238563.cms">Apple set to launch new iPhone, watch &amp; AirPods Pro on Sept 12 – Here’s what we know so far</a> <a href="https://www.businessinsider.in/tech/news/lenovo-tab-p12-with-jbl-speakers-3k-display-launched-in-india-at-34999/articleshow/103273070.cms">Lenovo Tab P12 with JBL speakers, 3K display launched in India at ₹34,999</a>

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PPE manufacturer Jiwanram Sheoduttrai Industries gets NSE approval for its SME IPO

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Rishabh Instruments IPO allotment – how to check allotment, GMP, listing date and more

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Royal Enfield’s Bullet 350 rides in a new avatar with a legacy essence

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