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S.J.S. Enterprises Limited IPO (SJS Enterprises IPO) Detail

Nov 1, 2021 - Nov 3, 2021

SJS is one of the leading players in the Indian decorative aesthetics industry. The company is a 'design-to-delivery' aesthetics solutions provider with a diverse product offering for the automotive and consumer appliance industries. The company's product offerings include - decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminum badges, in-mold labels, or decoration parts, lens mask assembly, and chrome-plated printed, and painted injection moulded plastic parts. The company's subsidiary, Exotech, caters to requirements in the two-wheelers, passenger vehicles, consumer durables/appliances, farm equipment, and sanitary ware industries for chrome-plated, printed, and painted injection moulded plastic parts. 

The company has its manufacturing facilities at Bengaluru and Pune and as of March 31, 2021, the annual production capacity of the Bengaluru and Pune facilities was 208.61 million and 29.50 million products, respectively. In FY 2021, the company and its subsidiary produced 91.94 million and 15.60 million products, respectively. The company has a global presence and supplied over 115 million parts to around 170 customers across 20 countries in FY 2021.

Competitive Strengths:

  • Leading decorative aesthetics supplier with a wide portfolio of premium products
  • Strong manufacturing capabilities and established supply chain network
  • Innovative product designing capabilities
  • A strong relationship with global Tier-1 companies
  • Strong financials
  • Experienced and qualified management team

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 4,162.36 3,835.44 3,322.55 3,040.49
Total Revenue 752.94 2,551.54 2,212.73 2,407.63
Profit After Tax 94.96 477.65 412.85 376.01

Objects of the Issue

  • to carry out the offer for sale of equity shares by the selling shareholders; and
  • achieve the benefits of listing the equity shares on the stock exchanges.

SJS Enterprises IPO Details

SJS Enterprises IPO Date Nov 1, 2021 to Nov 3, 2021
SJS Enterprises IPO Face Value ₹10 per share
SJS Enterprises IPO Price ₹531 to ₹542 per share
SJS Enterprises IPO Lot Size 27 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹800.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹800.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Evergraph Holdings Pte. Ltd. and K.A. Joseph. are the company promoters.

SJS Enterprises IPO Timeline (Tentative Timetable)

SJS Enterprises IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. The SJS Enterprises IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
SJS Enterprises IPO Opening Date Nov 1, 2021
SJS Enterprises IPO Closing Date Nov 3, 2021
Basis of Allotment Nov 10, 2021
Initiation of Refunds Nov 11, 2021
Credit of Shares to Demat Nov 12, 2021
SJS Enterprises IPO Listing Date Nov 15, 2021

SJS Enterprises IPO Lot Size

The SJS Enterprises IPO lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹190,242).

Application Lots Shares Amount
Retail (Min) 1 27 ₹14,634
Retail (Max) 13 351 ₹190,242

SJS Enterprises IPO Promoter Holding

Pre Issue Share Holding 98.86%
Post Issue Share Holding 50.37%

SJS Enterprises IPO Review

Though the company enjoys a good business relationship with its top 10 clients and has entered the dividend list in the last fiscal, fully priced IPO and massive dilution of over 48% raises concern. Based on its financial parameters, the valuation is on the higher side. Hence cash surplus investors may consider investment with a long term perspective. Read detail review...


SJS Enterprises IPO Subscription Status (Bidding Detail)

The SJS Enterprises IPO is subscribed 1.59 times on Nov 3, 2021 5:00:00 PM. The public issue subscribed 1.38 times in the retail category, 1.42 times in the QIB category, and 2.32 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.42
NII2.32
Retail1.38
Total1.59

SJS Enterprises IPO Prospectus

SJS Enterprises IPO Rating

415
3.7
Rating:Rated 3.7 stars
Vote Here ...

SJS Enterprises IPO Listing Date

Listing Date Monday, November 15, 2021
BSE Script Code 543387
NSE Symbol SJS
Listing In B Group of Securities
ISIN INE284S01014
IPO Price ₹542 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹542.00
₹540.00
₹505.50
₹551.00
₹509.85
NSE
₹542.00
₹542.00
₹505.60
₹551.00
₹510.20

Company Contact Information

S.J.S. Enterprises Limited
Sy No 28/P16 of Agra Village and
Sy No 85/P6 of B.M Kaval Village
Kengeri Hobli, Bangalore 560 082,
Phone: +91 80 6194 0777
Email: compliance@sjsindia.com
Website: https://www.sjsindia.com/index.php

SJS Enterprises IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: sjs.ipo@linkintime.co.in
Website: https://linkintime.co.in/

SJS Enterprises IPO FAQs

SJS Enterprises IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹800.00 Crores. The issue is priced at ₹531 to ₹542 per share. The minimum order quantity is 27 Shares.

The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in SJS Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in SJS Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in SJS Enterprises IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'SJS Enterprises IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The SJS Enterprises IPO opens on Nov 1, 2021 and closes on Nov 3, 2021.

SJS Enterprises IPO lot size is 27 Shares and the minimum order quantity is .

You can apply in SJS Enterprises IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for SJS Enterprises IPO will be done on Nov 10, 2021, and the allotted shares will be credited to your demat account by Nov 12, 2021. Check the SJS Enterprises IPO allotment status.

The SJS Enterprises IPO listing date is on Monday, November 15, 2021.
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SJS Enterprises IPO Message Board

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200 Comments

106. CSK |   Link |Dec 14, 2021 6:07:20 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Chittagorh Admin team. Can you please reply
105. CSK |   Link |Dec 14, 2021 4:43:15 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Admin team, I am keenly involved in this form for a long time. What basis Top contributors and other tags are given.. I can see new people easily you have given tags. But people like me not updated any.
104. krupa |   Link |Nov 24, 2021 10:04:27 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Today all recent ipo are up 5 to 10%
103. Chaheta |   Link |Nov 19, 2021 12:16:02 AM
Down today @ 469.
Guru''s said that the company is good but ultimately the drop in market for past 3 sessions had it''s toll on this one too.

Might see further drop of 10-12 rupee in next couple of sessions.
Also, Wait for QR for this one.
103.2. Monster Zero |   Link |Nov 19, 2021 7:02:02 PM
IPO Guru IPO Guru (2100+ Posts, 1700+ Likes)
580*
103.3. Monster Zero |   Link |Nov 24, 2021 12:27:21 PM
IPO Guru IPO Guru (2100+ Posts, 1700+ Likes)
BUY BUY BUY,🔥
102. LockDownInvestor |   Link |Nov 15, 2021 12:10:53 PM
Worthy of holding? Or it''s better to book loss now?
102.3. DownriteVJ |   Link |Nov 23, 2021 10:48:13 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
HOLD
102.4. arunARUN |   Link |Dec 17, 2021 11:40:10 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Book loss. No fancy
101. VinShan |   Link |Nov 20, 2021 9:42:48 PM
What to do now ?
100. VinShan |   Link |Nov 20, 2021 9:42:05 PM
What to do now ?
100.1. arunARUN |   Link |Dec 17, 2021 11:40:41 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Book loss
99. iamnimitshah |   Link |Nov 16, 2021 10:06:01 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
this is a good company with good performance.. have patience guys!! wait for results
98. lokes |   Link |Nov 16, 2021 1:28:05 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)

SJS Enterprises asaw several bulk deals today. Goldman Sachs Funds - Goldman Sachs India Equity Portfolio acquired 2,54,786 equity shares (0.83 percent stake) in the leading decorative aesthetics manufacturer at Rs 527.04 per share and SI Investments ## Broking Private Limited purchased 3 lakh shares in the company at Rs 542.32 per share on the NSE.
However, CREDIT Suisse Singapore Limited (ODI) sold 3,65,607 equity shares in SJS Enterprises at Rs 530.78 per share, and Rasmikantbhai A Thakkar offloaded 2,48,981 equity shares in the company at Rs 542 per share
97. CSK |   Link |Nov 15, 2021 7:55:40 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
@Arjun Rajkot JI- What happened today? Where all GMP Gone? Hope Rajkot people know the reasons. Can you please share..
97.1. Vantage |   Link |Nov 15, 2021 8:06:40 PM
Whats worse .. Second time this is happening ..
96. Dinesh Singh |   Link |Nov 15, 2021 11:37:02 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Where the GMP gone ?

96.1. KDKing🤴 |   Link |Nov 15, 2021 2:55:49 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
QIB sideline this IPO, they have not shown interest on a listing day also, somehow BRLMs manage to give exit at IPO price.
Ford was a major customer of this company, everyone knows ford has already windup their business from India.
more downside is coming.... for this plastic sticker company.
95. lokes |   Link |Nov 15, 2021 9:36:23 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
Sold at 540 after listing... stop loss hit.
95.3. lokes |   Link |Nov 15, 2021 1:30:40 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
ya you can buy around 500 if getting, it should do good in short term....should cross 550 again....ashish kacholia put big bet on this....
95.4. AvinashUppalapati |   Link |Nov 16, 2021 10:16:21 PM
As per latest shareholding pattern Ashish kacholia holds 3.77% in SJS
94. WANEGAONVILLAGE |   Link |Nov 15, 2021 10:10:58 AM
Good lesson learnt....
93. Voilazi |   Link |Nov 15, 2021 9:42:47 AM
Hit my stop loss, got Policy so it''s fine.
Sadly my SL turned out to be day''s lowest, 508.4

Has taken a jump from thereon. Lesson learnt. A rough 15% GMP pre listing, should''ve had more trust in recovery.
93.1. lokes |   Link |Nov 15, 2021 10:05:37 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
oh....it was bad luck for you....i just kept stop loss at 540 soon after listing and it hit that and went down.....now it crossed 540 again
93.2. Voilazi |   Link |Nov 15, 2021 10:53:18 AM
@lokes yup bad luck indeed, I made a mistake of rounding off my max loss to about Rs 1000 per lot

I bet most people align with same mentality, the herd at that SL might have turned into huge resistance. Didn''t see the live Market, so not sure.

Holding Policy for CMP 1300+ shorterm, so no loss even now, and had more lots in that. Just 1 lot in this. So all good at the end of the day 👍🏼
92. SMART RESEARCH |   Link |Nov 14, 2021 8:49:46 PM
current GMP 85+
92.1. Cautious ipo |   Link |Nov 15, 2021 9:44:40 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Re do research
91. StockTerminator |   Link |Nov 15, 2021 9:39:22 AM
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
Good for long term, good opportunity to buy on dips
90. MAMU |   Link |Nov 15, 2021 9:31:50 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Not worthy i think 😝
It was totally trap.
89. Monster Zero |   Link |Nov 15, 2021 9:17:52 AM
IPO Guru IPO Guru (2100+ Posts, 1700+ Likes)
Bought some @518.... let''s see
89.1. DownriteVJ |   Link |Nov 15, 2021 9:25:44 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Bought some at 518 as well
89.2. Monster Zero |   Link |Nov 15, 2021 10:02:29 PM
IPO Guru IPO Guru (2100+ Posts, 1700+ Likes)
I sold mine @545....and again placed an order at 505...but unfortunately it didn''t reach the target price. Although happy with instant gains
88. iamnimitshah |   Link |Nov 15, 2021 6:25:23 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Good morning..

Jab 3 ipo saathme aaye, toh ek IPO toh negative khulna chahiye... Par this time, it might be different.. Expected listing price for SJS is 575..
88.1. iamnimitshah |   Link |Nov 15, 2021 8:52:42 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
missed this bt 33Rs
87. IPOVini |   Link |Nov 15, 2021 8:47:42 AM
SJS listing price same as issue price: 542 Rs