SJS Enterprises IPO to open on Nov 1; worth band set at Rs 531-542/share

SJS Enterprises on Wednesday stated it has fastened a worth band of Rs 531-542 a share for its Rs 800-crore preliminary public providing, which can open on November 1.
The preliminary public providing (IPO) will conclude on November 3. The bidding for anchor buyers will open on October 29, the corporate introduced in a digital press convention.
The Rs 800-crore IPO is fully an offer-for-sale of shares value Rs 710 crore by Evergraph Holdings Pte Ltd and shares to the tune of Rs 90 crore by KA Joseph.
At current, Evergraph Holdings and KA Joseph personal 77.86 per cent and 20.74 per cent stake within the firm, respectively.

The firm won’t obtain any proceeds from the supply.
Half of the difficulty dimension has been reserved for certified institutional patrons, 35 per cent for retail buyers and the remaining 15 per cent for non-institutional buyers.
SJS Enterprises is a number one participant within the Indian ornamental aesthetics trade providing the widest vary of aesthetics merchandise within the nation.
It is a “design-to-delivery” aesthetics options supplier with the power to design, develop and manufacture a various product portfolio.
It caters to the necessities of the two-wheeler, passenger car, business car, shopper equipment, medical gadgets, farm tools and sanitary ware industries.

According to the corporate web site, its product choices embody decals and physique graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminium badges, in-mould label or in-mould ornament, lens masks meeting and chrome-plated, printed and painted injection moulded plastic components.
Axis Capital, Edelweiss Financial Services and IIFL Securities are the ebook operating lead managers to the difficulty. The fairness shares of the corporate will likely be listed on the BSE and NSE.