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S.J.S.Enterprises IPO is a book build issue of ₹800.00 crores. The issue is entirely an offer for sale of 1.48 crore shares of ₹800.00 crore.
S.J.S.Enterprises IPO bidding started from Nov 1, 2021 and ended on Nov 3, 2021. The allotment for S.J.S.Enterprises IPO was finalized on Nov 10, 2021. The shares got listed on BSE, NSE on Nov 15, 2021.
S.J.S.Enterprises IPO price band is set at ₹542.00 per share . The lot size for an application is 27. The minimum amount of investment required by an retail is ₹14,337 (27 shares). The lot size investment for sNII is 14 lots (378 shares), amounting to ₹2,04,876, and for bNII, it is 69 lots (1,863 shares), amounting to ₹10,09,746.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to S.J.S.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 |
| Issue Price Band | ₹531 to ₹542 per share |
| Issue Price Final | ₹542 per share |
| Lot Size | 27 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,47,60,146 shares (aggregating up to ₹800.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,04,37,904 shares |
| Share Holding Post Issue | 3,04,37,904 shares |
SJS Enterprises IPO offers total 1,47,60,146 shares. Out of which 73,80,072 (50.00%) allocated to QIB, 29,52,029 (20.00%) allocated to QIB, 22,14,022 (15.00%) allocated to NII, 51,66,052 (35.00%) allocated to RII and 44,28,043 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 73,80,072 (50.00%) | NA |
| − Anchor Investor Shares Offered | 44,28,043 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 29,52,029 (20.00%) | NA |
| NII (HNI) Shares Offered | 22,14,022 (15.00%) | NA |
| Retail Shares Offered | 51,66,052 (35.00%) | 1,91,335 |
| Total Shares Offered | 1,47,60,146 (100.00%) |
S.J.S.Enterprises IPO opens on November 1, 2021, and closes on November 3, 2021.
| IPO Open Date | Mon, Nov 1, 2021 |
| IPO Close Date | Wed, Nov 3, 2021 |
| Tentative Allotment | Wed, Nov 10, 2021 |
| Initiation of Refunds | Thu, Nov 11, 2021 |
| Credit of Shares to Demat | Fri, Nov 12, 2021 |
| Tentative Listing Date | Mon, Nov 15, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 3, 2021 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,634 |
| Retail (Max) | 13 | 351 | ₹1,90,242 |
| S-HNI (Min) | 14 | 378 | ₹2,04,876 |
| S-HNI (Max) | 68 | 1,836 | ₹9,95,112 |
| B-HNI (Min) | 69 | 1,863 | ₹10,09,746 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | |
The Company S.J.S.Enterprises IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To carry out the Offer for Sa le of up to 14,760,146* Equity Sha res by the Selling Sha reholders | |
| 2 | Achieve the benefits of listing the Equity Sha res on the Stock Excha nges |
[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...
| Listing Date | November 15, 2021 |
| BSE Script Code | 543387 |
| NSE Symbol | SJS |
| ISIN | INE284S01014 |
| Final Issue Price | ₹542 per share |
| BSE Listing Group | B |
S.J.S.Enterprises Ltd.
Sy No 28/P16 of Agra Village and
Sy No 85/P6 of B.M Kaval Village
Kengeri Hobli, Bangalore 560 082,
Bangalore Urban, Karnataka
Phone: +91 80 6194 0777
Email: compliance@sjsindia.com
Website: https://www.sjsindia.com/index.php
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sjs.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
S.J.S.Enterprises IPO is a main-board IPO of 1,47,60,146 equity shares of the face value of ₹10 aggregating up to ₹800.00 Crores. The issue is priced at ₹542 per share. The minimum order quantity is 27.
The IPO opens on November 1, 2021, and closes on November 3, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in S.J.S.Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in S.J.S.Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S.J.S.Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S.J.S.Enterprises IPO opens on November 1, 2021 and closes on November 3, 2021.
S.J.S.Enterprises IPO lot size is 27, and the minimum amount required for application is ₹14,634.
You can apply in S.J.S.Enterprises IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for S.J.S.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 S.J.S.Enterprises IPO allotment status.
The S.J.S.Enterprises IPO listing date is on Monday, November 15, 2021.
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