S.J.S. Enterprises IPO
S.J.S. Enterprises IPO — date, price band, lot size & details 2021
S.J.S. Enterprises listed on 15 Nov 2021 at ₹542, flat to the ₹542 issue price.
S.J.S. Enterprises is a design-to-delivery aesthetics solutions maker of decals, appliques, badges and other decorative parts for the automotive and consumer appliance industries. Its total income was Rs 255.15 crore in FY2021.
Stock price
S.J.S. Enterprises is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 01 Nov 2021
- Close 03 Nov 2021
- Allotment 10 Nov 2021
- Refund/credit 11 Nov 2021
- Listing 15 Nov 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 1 to 3 Nov, 2021 |
|---|---|
| Price Band | ₹531 – ₹542 |
| Face Value | ₹10 |
| Lot Size | 27 Shares |
| Issue Size | ₹800 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,634 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 27 shares at the ₹542 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 27 | ₹14,634 |
| Retail (max) | 13 | 351 | ₹1,90,242 |
| S-HNI (min) | 14 | 378 | ₹2,04,876 |
| S-HNI (max) | 68 | 1,836 | ₹9,95,112 |
| B-HNI (min) | 69 | 1,863 | ₹10,09,746 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 37.60 crore in FY2019 to Rs 47.77 crore in FY2021.
- 02EBITDA was Rs 79.70 crore in FY2021, a margin of about 31% of total income.
- 03Borrowing was low at Rs 8.64 crore on 30 June 2021, against net worth of Rs 319.76 crore.
- 04It supplied around 170 customers with more than 6,000 SKUs in Fiscal 2021.
- 05Net worth grew from Rs 238.56 crore on 31 March 2019 to Rs 319.76 crore on 30 June 2021.
Risks · 5
- 01The whole Rs 800 crore issue was offer for sale by the promoters, so no money went to the company.
- 02The pre-issue P/E was 34.54 at the upper band of Rs 542, based on EPS of Rs 15.69.
- 03Total income fell from Rs 240.76 crore in FY2019 to Rs 221.27 crore in FY2020 before recovering.
- 04Demand depends on two-wheeler, car and appliance sales, which move with the economy. It produced 91.94 million products in FY 2021.
- 05Promoters and the promoter group held 98.86% before the issue and 50.37% after it.
Three years of numbers
All figures in ₹ crore, as reported in the S.J.S. Enterprises offer document.
| Metric | 30 Jun 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 416.24 | 383.54 | 332.26 | 304.05 |
| Total Income | 75.29 | 255.15 | 221.27 | 240.76 |
| Profit After Tax | 9.50 | 47.77 | 41.29 | 37.60 |
| EBITDA | 18.59 | 79.70 | 68.61 | 64.32 |
| NET Worth | 319.76 | 315.22 | 279.65 | 238.56 |
| Reserves and Surplus | 289.32 | 284.78 | 249.21 | 208.12 |
| Total Borrowing | 8.64 | 9.21 | 6.17 | 23.29 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the S.J.S. Enterprises RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
S.J.S. Enterprises IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹15.69 | ₹12.48 |
| P/E Ratio (x) | 34.54 | 43.43 |
| Market Cap at Offer Price (₹ Cr) | ₹328.17 | ₹412.58 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹542 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the S.J.S. Enterprises IPO will be updated shortly.
About the company
Its products include decals and body graphics, 2D and 3D appliques and dials, 3D lux badges, domes, overlays, aluminium badges, in-mould labels, lens mask assemblies and chrome-plated, printed and painted plastic parts. Its subsidiary Exotech makes plated and painted plastic parts.
In Fiscal 2021 it supplied over 115 million parts with more than 6,000 SKUs to around 170 customers in approximately 90 cities. Its plants are in Bengaluru and Pune, with annual capacity of 208.61 million and 29.50 million products.
The IPO was Rs 800 crore and was entirely an offer for sale by the promoters Evergraph Holdings and K.A. Joseph, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
S.J.S. Enterprises IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
71 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
IIFL Capital Services Limited
71 issues handledBest listing: MTAR Technologies (+82.6%). Weakest: Rategain Travel Technologies (-15.3%).
Edelweiss Financial Services Ltd
8 issues handledBest listing: Indigo Paints (+75.0%). Weakest: Lodha Developers (-10.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of S.J.S. Enterprises?
The current Grey Market Premium is ₹40, or 7% over the issue price.
What is the S.J.S. Enterprises IPO price band?
₹531 to ₹542, on a face value of ₹10.
When is the allotment?
The basis of allotment is 10 November 2021, with listing on 15 November 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
