SJS ENTERPRISES LIMITED IPO – Nov 1 to 3

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SJS ENTERPRISES LIMITED IPO – Nov 1 to 3

October 28, 2021
SJS ENTERPRISES LIMITED IPO – Nov 1 to 3

SJS Enterprises Limited is coming out with a fresh public issue to raise Rs 800 crores from the market.

Key details of the issue:

  • Issue opens – Nov 01 (Monday)
  • Issue closes – Nov 03 (Wednesday)
  • Issue size – Rs 800 crores
  • Price band – Rs 531 to 542 per equity share
  • Bid lot – 27 shares and in multiples thereof

And here are some details of the company and further details on the SJS Enterprises Limited IPO

Company details:

·        S.J.S. Enterprises Limited (“SJS”) was incorporated on June 10, 1987. SJS is one of the leading players in the Indian decorative aesthetics industry in terms of revenue as at March 31, 2021. SJS is a “design-to-delivery” aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries.

·        The company supplied over 115 million parts with more than 6,000 SKUs in Fiscal 2021 to around 170 customers in approximately 90 cities across 20 countries.

·        SJS also manufactures a wide range of aesthetics products that cater to the requirements of the commercial vehicles, medical devices, farm equipment and sanitary ware industries.

·        Their product offerings include decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminium badges, “In-mould” label or decoration parts (“IML/IMD(s)”), lens mask assembly and chrome-plated, printed and painted injection moulded plastic parts. They also offers a variety of accessories for the two-wheelers’ and passenger vehicles’ aftermarket under their “Transform” brand.

·        SJS has developed long-standing relationships with several customers. As at June 30, 2021, company’s relationship with its 10 largest customers in terms of revenue averaged approximately 15 years.

·        SJS manufactures their products from modern manufacturing facilities located in Bengaluru and Pune in India, with the facility in Pune acquired as part of the recent acquisition of their Subsidiary. As at June 30, 2021, the annual production capacity of the Bengaluru and Pune facilities was 20.97 crore and 2.95 crore products, respectively.

Issue size: Rs 800 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 400 crores
  • NIB – 15% of the offer – Rs 120 crores
  • RET – 35% of the offer – Rs 280 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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