SJS Enterprises is one of the
market leaders when it comes to the decorative aesthetics industry in India. It
boasts of having a vast selection of aesthetic products and is reckoned as a
‘design-to-delivery’ solution provider in the market. The company has carved a
name in this field by catering to the requirements of passenger vehicles,
consumer appliances, two-wheelers, medical devices, sanitaryware and farm
equipment industries.
SJS
Enterprises IPO Objectives
- SJS Enterprises will not
receive any proceeds from this initial public offering. However, the primary
objective of this IPO could be to raise additional capital.
SJS Enterprises IPO - Details
The SJS Enterprises IPO will
comprise pure OFS. The OFS worth Rs. 800 crores will be made by Evergraph Holdings
Pte Ltd. and KA Joseph, respectively. Presently, Evergraph Holdings owns a
77.86% stake in SJS Enterprises, whereas KA Joseph holds a 20.75% stake.
Opening
Date: Nov 1, 2021
Closing
Date: Nov 3, 2021
Price
Band: ₹531 to ₹542 per equity share
Issue
Size: ₹ 800 Cr
Face
Value: ₹ 10 per equity share
Market
Lot: 27 Shares
Listing at NSE, BSE
SJS
Enterprises IPO Important Dates
|
IPO
Open Date |
Nov 1, 2021 |
|
IPO
Close Date |
Nov 3, 2021 |
|
Basis
Of Allotment Date |
Nov 10, 2021 |
|
Initiation
Of Refunds |
Nov 11, 2021 |
|
Credit
Of Shares To |
Nov 12, 2021 |
|
IPO
Listing Date |
Nov 15, 2021 |
Why Should You Invest in SJS
Enterprises IPO?
SJS Enterprises’ strong
financial performance and widespread client base in both domestic and
international markets put it at an advantage. The company is proficient in
retaining its customers and has a diverse source of earnings. This makes its
initial public offering quite lucrative for stag investors. First, however,
investors should understand the growth prospects and limitations of SJS
Enterprises to determine whether the company will allow them to meet their
investment goals down the road.
How to apply for IPO?
You can apply for the IPO in
these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One
account. Proceed to book PolicyBazaar IPO shares using the ID, confirm the
payment on the UPI app, and block the amount for allotment.
Demat
Account
1. If you’re a new
investor open demat account for free with Angel One using link https://tinyurl.com/k79bdf4z
to begin your investment journey.
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