SJS Enterprises IPO Review 2021: SJS Enterprises will be among the first IPOs to hit the markets this month after a short break. The IPO will be open from November 1st and closes on November 3rd. The company aims to raise Rs. 800 Cr through the public offering.
In this article, we look into important information on the SJS Enterprises IPO. We also will find out the possible prospects of the company. Keep reading to find out!
Table of Contents
About the Company
Founded in 1987, SJS Enterprises Ltd. is an Indian decorative aesthetics company. After being in existence for over the last 3 decades the company is today the leading player in its industry. The company led the industry in terms of revenue as of FY2020. In addition to this, the company also offered the widest range of aesthetics in its industry in India.
The company is a design to delivery aesthetics solution provider. They design, develop and manufacture a wide range of products for their customers, particularly in the automotive industry. Its subsidiary Exotech caters to the requirements of the 2 wheelers, passenger vehicles. In addition to this Exotech also caters to consumer appliances, sanitary ware and the farm equipment industry.
The company has over 170 customers across 20 countries. The company’s product portfolio includes decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminium badges, in-mould labels, or decoration parts, lens mask assembly among others.
Its manufacturing facilities are located in Bangalore and Pune. Its Bangalore facility has a production capacity of 208.61 million whereas its Pune facility has a production capacity of 29.50 million. For FY2021 the company as a whole supplied over 115 million parts.
For the last 3 years, the company has posted turnover Rs. 240.76 cr. (FY19), Rs. 221.27 cr. (FY20) and Rs. 255.15 cr. (FY21). Its profits for this period were Rs. 37.60 cr. (FY19),Rs. 41.29 cr. (FY20) and Rs. 47.77 cr. (FY21). The company has paid a dividend of 40% for FY21. This company will be the first of its kind to list on the Indian exchange and has no listed competitors to be compared with.
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Grey Market Information
The shares of SJS Enterprises traded at a 4.6% premium in the grey market before the IPO. The shares are traded at a price of Rs.567. This gives it a premium of Rs 25 over the issue price band of Rs 531-542 per share.
Key IPO Information
Everygraph Holdings Pte. Ltd. and K.A. Joseph are the promoters of SJS Enterprises. Axis Capital, Edelweiss Financial Services and IIFL Securities have been appointed as the lead managers to the issue. Link Intime India Private Limited has been appointed as the registrar to the issue.
| Particulars | Details |
|---|---|
| IPO Size | ₹800.00 Cr |
| Fresh Issue | --- |
| Offer For Sale(OFS) | ₹800.00 Cr |
| Opening Date | Nov 1, 2021 |
| Closing Date | Nov 3, 2021 |
| Face Value | ₹10 per equity share |
| Price Band | ₹531 to ₹542 |
| Lot Size | 27 Shares |
| Minimum Lot Size | 1 |
| Maximum Lot Size | 13 |
| Listing Date | Nov 15, 2021 |
Purpose of the IPO
The company has opted for an IPO for the following purposes
- To enable offloading of shares. The entire proceeds from the IPO will be used for offer for sale of shares.
- Benefits of being a listed company.
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In Closing
In this post, we covered the SJS Enterprises IPO Review. The Initial Public Offering opens on November 1st and closes on November 3rd.
For retail investors, it can be a good opportunity to look into the company’s future prospects and apply for the IPO if they believe in the products and growth prospects of the company.
Do let us know what you think of the SJS Enterprises IPO review 2021. Are you planning to apply for this IPO or not? Comment below. Cheers!
Aron, Bachelors in Commerce from Mangalore University, entered the world of Equity research to explore his interests in financial markets. Outside of work, you can catch him binging on a show, supporting RCB, and dreaming of visiting Kasol soon. He also believes that eating kid’s ice-cream is the best way to teach them taxes.
