Shares of SJS Enterprises Going to be listed on BSE and NSE today. According to stock market experts, there may not be any movement in the listing and the public issue may get listed at a moderate premium of 10 per cent. He added that a lot will depend on the mood and expect SJS Enterprises to get listed in the range of shares. from 590 640.
Speaking on SJS Enterprises IPO listing price; Abhay Doshi, Founder, UnlistedArena.com, said, “Revenue appears to be stable. The IPO which is completely OFS, will bring down the promoter’s stake significantly which is a matter of concern. In the upper band, the issue looks to be on a higher side. , leaving less for investors on the table. The listing may not be buzzing and the issue may get listed at a nominal premium of 10 per cent.”
Share listing range of SJS Enterprises unveiled; Ravi Singhal, Vice Chairman, GCL Securities said, “A lot will depend on the market sentiment. If the positive sentiment seen on Friday continues today, we can expect SJS Enterprises to list in a range of stocks. from 590 644, offering listing gain of up to 18 per cent over its price band from 531 542 per equity share.”
SJS Enterprises expected marginal gains from share listing; Ankur Saraswat, Research Analyst, Trustline Securities, said, “The company has the best operating margin in the industry with strong financial performance and lean balance sheet. It also has promising business outlook and fair valuations. One of the major concerns is that the promoters hold 48.5 per cent. Selling stake.Despite the fact that the company has very strong financial and growth outlook and they are making money from their business that is why we expect the public issue to register a listing profit 40 or 7.38 percent and listing price approx 582 per share.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,