S.J.S Enterprise initiated its business operations in 1987. The company has more than 30 years of expertise in its field. It manufactures 2D and 3D appliques and dials, Body graphics, decals, aluminium badges, Chrome plated prints, etc. Hence it provides multiple requirements for the automotive industries. It also has a subsidiary named Exotech for manufacturing the same types of automotive parts for the two wheeler industry. Hence the company caters its major manufactured products to the automotive industry. S.J.S enterprise has two manufacturing plants in Pune and Bengaluru. It also supplies its products to more than 18 countries in the world.
IPO DETAILS
S.J.S. Enterprise Limited IPO is set to launch on 1st Nov., 2021. The subscription timeline extends till 3rd Nov, 2021. The size for the IPO is 800.00Crore Rs.. No Shares are issued through Fresh Issue. Shares issued through Offer for Sale are worth Rs. 800.00 Crore. The lot size is 27 shares and the price range is 531 Rs. – 542 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs.10 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 1st Nov, 2021 |
| CLOSING DATE FOR IPO | 3rd Nov, 2021 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 531 Rs. – 542 Rs. |
| LOT SIZE | 27 shares |
| MINIMUM ORDER QUANTITY | 27 shares |
| ISSUE SIZE | 800.00 Crore Rs. |
| OFFER FOR SALE | 800.00 Crore Rs. |
| FRESH ISSUE | No Shares Issued |
| LISTING AT | NSE, BSE |
| LISTING DATE | 15th Nov, 2021 |
IMPORTANT DATES
| IPO OPENING DATE | 1st Nov, 2021 |
| CLOSING DATE FOR IPO | 3rd Nov, 2021 |
| IPO ALLOTMENT DATE | 10th Nov, 2021 |
| REFUNDS | 11th Nov, 2021 |
| DEMAT A/C CREDITED ON | 12th Nov, 2021 |
| IPO LISTING DATE | 15th Nov, 2021 |
The S.J.S. Enterprise Limited IPO begins for subscription from 1st Nov, 2021. The IPO subscription would continue till 3rd Nov, 2021. The allotment status for the shareholders who applied would come on 10th Nov, 2021. The refunds for the ones who did not get allotment would be initiated on 11th Nov, 2021. The DEMAT accounts of shareholders would be credited on 12th Nov, 2021. The listing of the company would be accompanied on 15th Nov, 2021.
Lead Managers
The lead managers are :
- Edelweiss Financial Services Ltd.
- Axis Capital Limited
- IIFL Securities Ltd.
The minimum lot size for the company is decided at 27 shares. This holding accounts to 14634 Rs.. The maximum lot size is decided at 351 shares. This amounts to Rs. 190242. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 27 shares | 14634 Rs |
| Maximum | 351 shares | 190242 Rs |
OBJECTIVES FOR THE IPO
- The funds can be utilized for General corporate purposes.
- To dilute the shareholding from promoters or current shareholders by undergoing OFS.
COMPANY FINANCIALS
| Particulars (in Million Rs.) | 2020-21 | 2019-20 | 2018-19 |
| ASSETS | 3835 | 3322 | 3040 |
| REVENUE | 2551 | 2212 | 2407 |
| NET PROFIT | 477 | 412 | 376 |
The company’s assets base has been increasing over time. The revenues have been a bit wavy over the period of time. This can be a concerned point given the increasing assets of the company. The COVID period has seen a great decline in the sale of cars and hence the business of S.J.S has decreased as well. This may be the possible reason for the decline in revenue of the company. The profits however have not decreased over time. This is a great sign on the other side. This indicates the margins have gone higher and hence more profit earning is possible.
PROS
- The company has great financials.
- S.J.S enterprise has a rising trend of profits and assets. The company continuously undergoes expansion.
- The company’s products are gonna be in demand due to the electric vehicle industry’s expansion worldwide.
- More than 30 years of expertise in its field of work.
CONS
- Major expansion may be needed by the company in the coming times. Ence it would require more liquidity. The company needs to expand itself at a rapid pace to compete in the market.
S.J.S. Enterprise Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the S.J.S. Enterprise Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
