SJS Enterprises tied up with IPO raises ₹240 cr from anchor investors

Shares have been allotted to Goldman Sachs, Nomura Singapore, Citigroup Global Markets Mauritius, Societe Generale, Axis Mutual Fund and Aditya Birla Sun Life Mutual Fund, among others.

NS ₹800 crore IPO is purely an offer for sale of shares ₹710 crores and shares by Evergraph Holdings Pte Ltd. to the tune of Rs. ₹90 crores by KA Joseph.

At present, Evergraph Holdings and KA Joseph hold 77.86 per cent and 20.74 per cent respectively in the company.

The company will not receive any income from the offer. Issue with price band of ₹531-542 per share, will open on November 1 and close on November 3. Half of the issue size is reserved for qualified institutional buyers, 35 percent for retail investors and the remaining 15 percent for non-institutional investors.

SJS Enterprises is a leading player in the Indian decorative aesthetics industry offering the widest range of beauty products in the country.

It is a “design-to-delivery” aesthetics solutions provider with the capability to design, develop and manufacture a diverse product portfolio. It caters to the requirements of two wheeler, passenger vehicle, commercial vehicle, consumer equipment, medical equipment, agricultural equipment and sanitary ware industries.

According to the company’s website, its product offerings include decals and body graphics, 2D applications and dials, 3D applications and dials, 3D Luxe badges, domes, overlays, aluminum badges, in-mold labels or in-mold decorations, lens mask assemblies and Are included. Chrome plated, printed and painted injection molded plastic parts.

Axis Capital, Edelweiss Financial Services and IIFL Securities are the book running lead managers of the issue. The equity shares of the company will be listed on BSE and NSE.

This story has been published without modification in text from a wire agency feed. Only the title has been changed.