SJS Enterprises IPO Review & Analysis

SJS Enterprises Limited IPO

Incorporated in 1987, SJS Enterprises is one of the leading players in the Indian decorative aesthetics industry. It has a diverse product portfolio and manufactures a wide range of aesthetic products catering to two-wheelers, passenger vehicles and consumer appliances. In addition, it also manufactures a wide range of aesthetic products catering to commercial vehicles, medical devices, farm equipment and sanitary ware industries.

The Company design, develop and manufacture aesthetic products that they supply to automotive OEMs which manufacture and assemble two-wheeler and passenger vehicles and Tier-1 automotive component suppliers as well as consumer appliance industries. Its Subsidiary manufactures chrome-plated, printed and painted products injection moulded plastic parts catering to aesthetic requirements of two-wheelers, passenger vehicles, consumer appliances, farm equipment and sanitary ware industries.

The company has two modern manufacturing facilities, one located in Bengaluru and the other in Pune, with the facility in Pune, acquired as part of the recent acquisition of its Subsidiary.

Since 1996, SJS has been exporting its products to many big multinationals like Motorola, Hewlett Packard, Visteon, Whirlpool across multiple global locations. Its global expertise, design and technological solutions, and its sharpness on cost, quality and delivery, have made SJS a favoured partner for the international majors.

Qualitative factors

• Leading aesthetics suppliers with an established track record and the ability to offer a wide array of products and capabilities.
• Strong supply chain, manufacturing capabilities and delivery mechanism enable to meet just-in-time delivery schedules.
• Strong innovation and product in-house design, development and engineering capabilities.
• Well established customer relationships
• Strong financials and track record of financial performance
• Well experienced and qualified management team.

Objects of the Offer

• To attain the benefits of listing of equity shares on the stock exchanges.
• To carry out the Offer for Sale aggregating up to ₹ 800 Cr by the Selling Shareholders.

Company’s Promoters

Evergraph Holdings Pte. Ltd. and K.A. Joseph are the promoters.

Financials of Sigachi Industries Limited

Parameter (₹ in Cr)FY21FY20FY19
Total Assets3,835.443,322.553,040.49
Total Revenue2,551.542,212.732,407.63
Revenue growth15.31%-8.09% 
PAT growth15.70%9.80% 


SJS Enterprises IPO Issue Details

Issue Open01 Nov 2021- 03 Nov 2021
Issue TypeBook Built Issue IPO
Issue Size[.] equity shares of ₹ 10 (aggregating up to ₹ 800 Cr)
Fresh Issue 
Offer for Sale[.] equity shares of ₹ 10 (aggregating up to ₹ 800 Cr)
Face Value₹ 10 per equity share
Issue Price₹ 531 to ₹ 542 per equity share
Market Lot27 shares
Min Order Quantity27 shares
Listing AtBSE, NSE
Allotment Date10 Nov 2021
Listing Date15 Nov 2021


SJS Enterprises IPO Bid Details

Sl No.

CategorySubscription Status
(No. of times)
01 Nov 2102 Nov 2103 Nov 21


Book Running Lead Managers
1. Axis Capital Limited
2. Edelweiss Financial Services Limited
3. IIFL Securities Limited
Registrar to the Offer
Link Intime India Private Limited
C 101, 247 Park
L.B.S. Marg
Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
Investor grievance e-mail:
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058


Registered and Corporate Office: Sy No 28/P16 of Agra Village and Sy No 85/P6 of B.M Kaval Village, Kengeri Hobli, Bangalore 560 082, Karnataka, India

Source: SJS Enterprises Limited RHP

Also Read:

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!