MUMBAI: SJS Enterprises Ltd has set the worth band for its preliminary public providing (IPO) at ₹531-542 apiece. The problem opens on 1 November and closes on 3 November.
The IPO consists of a pure supply on the market of ₹710 crore by Evergraph Holdings Pte and ₹90 crore by KA Joseph. Presently, Evergraph Holdings and KA Joseph maintain 77.86% and 20.74% stake within the firm, respectively.
Axis Capital, Edelweiss Monetary Companies and IIFL Securities are the guide lead managers to the difficulty.
SJS Enterprises is a “design-to-delivery” aesthetics options supplier with the power to design, develop and manufacture a various product portfolio for a variety of shoppers primarily within the automotive and client equipment industries. It additionally affords a wide range of equipment for the two-wheelers’ and passenger autos’ aftermarket underneath our “Remodel” model.
It provided over 115 million elements with greater than 6,000 SKUs in fiscal 2021 to round 170 clients in roughly 90 cities throughout 20 nations.
It additionally manufactures a variety of aesthetics merchandise that cater to the necessities of the business autos, medical gadgets, farm gear and sanitary ware industries.
The corporate’s manufacturing services are situated in Bengaluru and Pune. For fiscal 2021, it reported income from operation at ₹251.62 crore towards ₹216.17 crore within the earlier yr. Internet revenue stood at ₹47.77 crore versus ₹41.29 crore a yr in the past.
Supply: Live Mint