Mumbai: SJS Enterprises Limited has fixed the price band for its Initial Public Offering (IPO) ₹531-542 each. The issue opens on November 1 and closes on November 3.
The IPO consists of a net offer for sale of ₹710 crores by Evergraph Holdings Pte. and ₹90 crores by KA Joseph. At present, Evergraph Holdings and KA Joseph hold 77.86 per cent and 20.74% respectively in the company.
Axis Capital, Edelweiss Financial Services and IIFL Securities are the book lead managers to the issue.
SJS Enterprises 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. It also offers a variety of accessories in the aftermarket of two wheelers and passenger vehicles under our “Transform” brand.
It supplied over 115 million parts to approximately 170 customers in approximately 90 cities in 20 countries with over 6,000 SKUs in FY21.
It also manufactures a wide range of aesthetics products that meet the requirements of the commercial vehicles, medical equipment, agricultural equipment and sanitary ware industries.
The company’s manufacturing facilities are located in Bengaluru and Pune. For fiscal year 2021, it reported revenue from operations ₹251.62 crore against ₹216.17 crore in the previous year. stay on net profit ₹47.77 cr vs. ₹41.29 crore a year ago.
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