S.J.S. Enterprises Limited | Globe Capital
S.J.S. Enterprises Limited
Closed
Price Band
Rs. 531 – 542
IPO Issue Period
Nov 01, 2021 to Nov 03, 2021
Issue Size
Rs. 800 Cr.
Face value
Rs. 10/-
Fresh issue
NIL
Offer for sale
Rs. 800 Cr.
Minimum Shares for Retail
27shares
Maximum Shares for Retail
351 shares
Listing on
NSE, BSE
Issue Type
Book Building
Tentative Listing Date
15-Nov-21
QIB
Not More than 50% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 35% of the offer
Registrar to the Issue
Link Intime India Private Ltd

Axis Capital Limited, Edelweiss Financial Services Ltd, IIFL Securities Ltd

SJS is one of the leading players in the Indian decorative aesthetics industry. The company is a ‘design-to-delivery’ aesthetics solutions provider with a diverse product offering for the automotive and consumer appliance industries. The company’s product offerings include – decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminum badges, in-mold labels, or decoration parts, lens mask assembly, and chrome-plated printed, and painted injection moulded plastic parts. The company’s subsidiary, Exotech, caters to requirements in the two-wheelers, passenger vehicles, consumer durables/appliances, farm equipment, and sanitary ware industries for chrome-plated, printed, and painted injection moulded plastic parts. The company has its manufacturing facilities at Bengaluru and Pune and as of March 31, 2021, the annual production capacity of the Bengaluru and Pune facilities was 208.61 million and 29.50 million products, respectively. In FY 2021, the company and its subsidiary produced 91.94 million and 15.60 million products, respectively. The company has a global presence and supplied over 115 million parts to around 170 customers across 20 countries in FY 2021. Evergraph Holdings Pte. Ltd. and K.A. Joseph are the company promoters.

For year/ period ended ( in Cr.)

31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 251.62 216.17 237.25
Profit After Tax 47.77 41.29 37.6
EPS 15.69 13.56 12.35
OPM(%) 31.68% 31.74% 27.11%
PATM(%) 18.98% 19.10% 15.85%
  • Leading decorative aesthetics supplier with a wide portfolio of premium products
  • Strong manufacturing capabilities and established supply chain network
  • Innovative product designing capabilities
  • A strong relationship with global Tier-1 companies
  • Strong financials
  • Experienced and qualified management team
  • To carry out the offer for sale of equity shares by the selling shareholders; and
  • Achieve the benefits of listing the equity shares on the stock exchanges.

The company IPO is fully priced and massive dilution of over 48% raises concern. Based on its financial parameters, the valuation is on the higher side. Hence, cash surplus investors may consider investment with a long term perspective.

Timeline
Application Start
01-11-2021
Application End
03-11-2021
Allotment Begins
10-11-2021
Refund Initiation
11-11-2021
Allotment Date
12-11-2021
Listing on exchange
15-11-2021
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