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

November 1, 2021 - November 3, 2021

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.

SJS Enterprises IPO Details

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 Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,013,183 (28.57%)NA
NII (HNI) Shares Offered2,259,887 (21.43%)
Retail Shares Offered5,273,070 (50.00%)195,298
Total Shares Offered10,546,140 (100%)

SJS Enterprises IPO Timeline (Tentative Schedule)

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

SJS Enterprises IPO Lot Size

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

SJS Enterprises IPO Promoter Holding

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

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

About S.J.S. Enterprises Limited

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 (SJS Enterprises IPO Objectives)

  • 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 Review (May apply)

[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...

SJS Enterprises IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

SJS Enterprises IPO Prospectus

SJS Enterprises IPO Rating

Rating:Rated 3.7 stars
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SJS Enterprises IPO Listing Details

Listing Date November 15, 2021
BSE Script Code 543387
NSE Symbol SJS
ISIN INE284S01014
Final Issue Price ₹542 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

S.J.S. Enterprises Limited Contact Details

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

SJS Enterprises IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

SJS Enterprises IPO - Buy or Not

SJS Enterprises IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 5 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

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 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

  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 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.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



106. CSK |   Link |  Bookmark |December 14, 2021 6:07:20 PM
Top Contributor Top Contributor (300+ Posts, 500 Likes)
Chittagorh Admin team. Can you please reply
105. CSK |   Link |  Bookmark |December 14, 2021 4:43:15 PM
Top Contributor Top Contributor (300+ Posts, 500 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 |  Bookmark |November 24, 2021 10:04:27 PM (800+ Posts, 500+ Likes)
Today all recent ipo are up 5 to 10%
103. Chaheta |   Link |  Bookmark |November 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 |  Bookmark |November 19, 2021 7:02:02 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
103.3. Monster Zero |   Link |  Bookmark |November 24, 2021 12:27:21 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
102. LockDownInvestor |   Link |  Bookmark |November 15, 2021 12:10:53 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Worthy of holding? Or it''s better to book loss now?
102.3. DownriteVJ |   Link |  Bookmark |November 23, 2021 10:48:13 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
102.4. arunARUN |   Link |  Bookmark |December 17, 2021 11:40:10 AM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
Book loss. No fancy
101. VinShan |   Link |  Bookmark |November 20, 2021 9:42:48 PM
What to do now ?
100. VinShan |   Link |  Bookmark |November 20, 2021 9:42:05 PM
What to do now ?
100.1. arunARUN |   Link |  Bookmark |December 17, 2021 11:40:41 AM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
Book loss
99. iamnimitshah |   Link |  Bookmark |November 16, 2021 10:06:01 AM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
this is a good company with good performance.. have patience guys!! wait for results
98. lokes |   Link |  Bookmark |November 16, 2021 1:28:05 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ 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 |  Bookmark |November 15, 2021 7:55:40 PM
Top Contributor Top Contributor (300+ Posts, 500 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 |  Bookmark |November 15, 2021 8:06:40 PM
Whats worse .. Second time this is happening ..
96. Dinesh Singh |   Link |  Bookmark |November 15, 2021 11:37:02 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Where the GMP gone ?

96.1. KDKing🤴 |   Link |  Bookmark |November 15, 2021 2:55:49 PM
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 |  Bookmark |November 15, 2021 9:36:23 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
Sold at 540 after listing... stop loss hit.
95.3. lokes |   Link |  Bookmark |November 15, 2021 1:30:40 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ 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 |  Bookmark |November 16, 2021 10:16:21 PM
As per latest shareholding pattern Ashish kacholia holds 3.77% in SJS
94. WANEGAONVILLAGE |   Link |  Bookmark |November 15, 2021 10:10:58 AM
Good lesson learnt....
93. Voilazi |   Link |  Bookmark |November 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 |  Bookmark |November 15, 2021 10:05:37 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes) was bad luck for you....i just kept stop loss at 540 soon after listing and it hit that and went it crossed 540 again
93.2. Voilazi |   Link |  Bookmark |November 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 |  Bookmark |November 14, 2021 8:49:46 PM
current GMP 85+
92.1. Cautious ipo |   Link |  Bookmark |November 15, 2021 9:44:40 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Re do research
91. StockTerminator |   Link |  Bookmark |November 15, 2021 9:39:22 AM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
Good for long term, good opportunity to buy on dips
90. MAMU |   Link |  Bookmark |November 15, 2021 9:31:50 AM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
Not worthy i think 😝
It was totally trap.
89. Monster Zero |   Link |  Bookmark |November 15, 2021 9:17:52 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Bought some @518.... let''s see
89.1. DownriteVJ |   Link |  Bookmark |November 15, 2021 9:25:44 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Bought some at 518 as well
89.2. Monster Zero |   Link |  Bookmark |November 15, 2021 10:02:29 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ 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 |  Bookmark |November 15, 2021 6:25:23 AM
IPO Mentor IPO Mentor (600+ Posts, 500+ 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 |  Bookmark |November 15, 2021 8:52:42 AM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
missed this bt 33Rs
87. IPOVini |   Link |  Bookmark |November 15, 2021 8:47:42 AM
SJS listing price same as issue price: 542 Rs