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SJS Enterprises IPO: Amidst the record boom in the IPO market, another IPO will open next week. The IPO of decorative aesthetics industry giant SJS Enterprises will open for subscription on Monday next week. This IPO of Rs 800 crore will be open for subscription from 1-3 November.

For this issue, the company has fixed a price band of Rs 531-542 per share. The issue will open for anchor investors on October 29. This issue is purely of Offer for Sale (OFS) i.e. no new shares will be issued under this IPO.

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Key Details About SJS Enterprises IPO

• This IPO of 800 crores will open for subscription from 1-3 November.
• The company has fixed a price band of Rs 532-542 per share for equity shares having a face value of Rs 10.
• The lot size of 27 shares has been fixed for the issue i.e. Rs 14,634 will have to be invested according to the upper price of the price band.
• The allotment of shares under the IPO will be final on November 10 and its listing on the exchange can be done on November 15.
• The registrar for this issue has been fixed with Link Intime India Pvt.
• 50 per cent of the IPO has been reserved for Qualified Institutional Investors (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors.

Company specific details
SJS Enterprises is a leading company in the country’s decorative aesthetics industry, which sells a wide range of beauty products. It designs ti its products and manufactures them. It manufactures products according to the needs of the two wheeler, passenger vehicles, commercial vehicles, consumer appliances, medical devices, agricultural machinery and sanitary ware industries. The company manufactures body graphics, 3D Luxe badges, aluminum badges, lens mask assemblies and decoration parts. SJS Enterprises has manufacturing facilities in Bangalore and Pune.

Its products are not only sold in the country, but according to the available data for FY 2021, it has about 170 customers in 20 countries around the world. Talking about the financial position of the company, its net profit has increased in the last three financial years. Its net profit (Profit After Tax) in the financial year was Rs 37.60 crore, which increased to Rs 41.28 crore in FY 2020 and it increased to Rs 47.76 crore in the next financial year itself.