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SJS Enterprises IPO is a book built issue of Rs 800.00 crores. The issue is entirely an offer for sale.
SJS Enterprises IPO bidding started from November 1, 2021 and ended on November 3, 2021. The allotment for SJS Enterprises IPO was finalized on Wednesday, November 10, 2021. The shares got listed on BSE, NSE on November 15, 2021.
SJS Enterprises IPO price band is set at ₹531 to ₹542 per share. The minimum lot size for an application is 27 Shares. The minimum amount of investment required by retail investors is ₹14,634.
Axis Capital Limited, Edelweiss Financial Services Ltd and Iifl Securities Ltd are the book running lead managers of the SJS Enterprises IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to SJS Enterprises IPO RHP for detailed information.
| IPO Date | November 1, 2021 to November 3, 2021 |
| Listing Date | November 15, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹531 to ₹542 per share |
| Lot Size | 27 Shares |
| Total Issue Size | [.] shares (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 |
SJS Enterprises IPO offers 10,546,140 shares. 3,013,183 (28.57%) to QIB, 2,259,887 (21.43%) to NII, 5,273,070 (50.00%) to RII. 195,298 RIIs will receive minimum 27 shares and (sNII) and (bNII) will receive minimum 378 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,013,183 (28.57%) | NA |
| NII (HNI) Shares Offered | 2,259,887 (21.43%) | |
| Retail Shares Offered | 5,273,070 (50.00%) | 195,298 |
| Total Shares Offered | 10,546,140 (100%) |
SJS Enterprises IPO opens on November 1, 2021, and closes on November 3, 2021.
| IPO Open Date | Monday, November 1, 2021 |
| IPO Close Date | Wednesday, November 3, 2021 |
| Basis of Allotment | Wednesday, November 10, 2021 |
| Initiation of Refunds | Thursday, November 11, 2021 |
| Credit of Shares to Demat | Friday, November 12, 2021 |
| Listing Date | Monday, November 15, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 3, 2021 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,634 |
| Retail (Max) | 13 | 351 | ₹190,242 |
| Lot Size Calculator | |||
Evergraph Holdings Pte. Ltd. and K.A. Joseph. are the company promoters.
| Share Holding Pre Issue | 98.86% |
| Share Holding Post Issue | 50.37% |
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:
| 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 | |
[Dilip Davda] 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...
The SJS Enterprises IPO is subscribed 1.59 times on November 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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.42 |
| NII | 2.32 |
| Retail | 1.38 |
| Total | 1.59 |
| Listing Date | November 15, 2021 |
| BSE Script Code | 543387 |
| NSE Symbol | SJS |
| ISIN | INE284S01014 |
| Final Issue Price | ₹542 per share |
| Price Details |
|---|
| Final Issue 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 |
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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sjs.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 November 1, 2021, and closes on November 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
Visit Zerodha IPO Application Process Review for more detail.
The SJS Enterprises IPO opens on November 1, 2021 and closes on November 3, 2021.
SJS Enterprises IPO lot size is 27 Shares, and the minimum amount required is ₹14,634.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SJS Enterprises IPO will be done on Wednesday, November 10, 2021, and the allotted shares will be credited to your demat account by Friday, November 12, 2021. Check the SJS Enterprises IPO allotment status.
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