SJS Enterprises Limited IPO
Incorporated in 1987, SJS Enterprises is one of the leading players in the Indian decorative aesthetics industry. It has a diverse product portfolio and manufactures a wide range of aesthetic products catering to two-wheelers, passenger vehicles and consumer appliances. In addition, it also manufactures a wide range of aesthetic products catering to commercial vehicles, medical devices, farm equipment and sanitary ware industries.
The Company design, develop and manufacture aesthetic products that they supply to automotive OEMs which manufacture and assemble two-wheeler and passenger vehicles and Tier-1 automotive component suppliers as well as consumer appliance industries. Its Subsidiary manufactures chrome-plated, printed and painted products injection moulded plastic parts catering to aesthetic requirements of two-wheelers, passenger vehicles, consumer appliances, farm equipment and sanitary ware industries.
The company has two modern manufacturing facilities, one located in Bengaluru and the other in Pune, with the facility in Pune, acquired as part of the recent acquisition of its Subsidiary.
Since 1996, SJS has been exporting its products to many big multinationals like Motorola, Hewlett Packard, Visteon, Whirlpool across multiple global locations. Its global expertise, design and technological solutions, and its sharpness on cost, quality and delivery, have made SJS a favoured partner for the international majors.
Qualitative factors
• Leading aesthetics suppliers with an established track record and the ability to offer a wide array of products and capabilities.
• Strong supply chain, manufacturing capabilities and delivery mechanism enable to meet just-in-time delivery schedules.
• Strong innovation and product in-house design, development and engineering capabilities.
• Well established customer relationships
• Strong financials and track record of financial performance
• Well experienced and qualified management team.
Objects of the Offer
• To attain the benefits of listing of equity shares on the stock exchanges.
• To carry out the Offer for Sale aggregating up to ₹ 800 Cr by the Selling Shareholders.
Company’s Promoters
Evergraph Holdings Pte. Ltd. and K.A. Joseph are the promoters.
Financials of Sigachi Industries Limited
| Parameter (₹ in Cr) | FY21 | FY20 | FY19 |
| Total Assets | 3,835.44 | 3,322.55 | 3,040.49 |
| Total Revenue | 2,551.54 | 2,212.73 | 2,407.63 |
| Revenue growth | 15.31% | -8.09% | |
| PAT | 477.65 | 412.85 | 376.01 |
| PAT growth | 15.70% | 9.80% |
SJS Enterprises IPO Issue Details
| Issue Open | 01 Nov 2021- 03 Nov 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | [.] equity shares of ₹ 10 (aggregating up to ₹ 800 Cr) |
| Fresh Issue | |
| Offer for Sale | [.] equity shares of ₹ 10 (aggregating up to ₹ 800 Cr) |
| Face Value | ₹ 10 per equity share |
| Issue Price | ₹ 531 to ₹ 542 per equity share |
| Market Lot | 27 shares |
| Min Order Quantity | 27 shares |
| Listing At | BSE, NSE |
| Allotment Date | 10 Nov 2021 |
| Listing Date | 15 Nov 2021 |
SJS Enterprises IPO Bid Details
| Sl No. | Category | Subscription Status (No. of times) | ||
| 01 Nov 21 | 02 Nov 21 | 03 Nov 21 | ||
| 1. | QIB | 0.00 | 0.00 | 1.42 |
| 2. | NII | 0.01 | 0.06 | 2.32 |
| 3. | RII | 0.64 | 1.00 | 1.38 |
| Total | 0.32 | 0.51 | 1.59 | |
| Book Running Lead Managers |
| 1. Axis Capital Limited |
| 2. Edelweiss Financial Services Limited |
| 3. IIFL Securities Limited |
| Registrar to the Offer |
| Link Intime India Private Limited |
| C 101, 247 Park L.B.S. Marg Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: sjs.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: sjs.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Registered and Corporate Office: Sy No 28/P16 of Agra Village and Sy No 85/P6 of B.M Kaval Village, Kengeri Hobli, Bangalore 560 082, Karnataka, India |
Source: SJS Enterprises Limited RHP
Also Read: