SJS Enterprises Ltd, a decorative aesthetics product company, is coming up with an initial public offer (IPO) to raise Rs 800 crore. The IPO will open on Monday, November 1, 2021 and closes on November 3, 2021.

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It can be noted that the issue comprises of only offer for sale (OFS) portion. Thus, the company will not receive any proceeds from the issue.

 

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If you are planning to invest in the IPO, here are the 10 important things you need to know:

1. Price band: The price band of the public offering is Rs 531 - 542 per share. The offer represents around 48.49 percent of its post issue paid-up equity shares of the company.

2. Promoters holding: Promoter currently holds 98.86 percent stake in the company and post-IPO this will come down to 50.37 percent. Public holding will increase from current 1.14 percent to 49.63 percent.

3. Entirely offer for sale: The Rs 800-crore IPO is entirely an offer for sale of shares worth Rs 710 crore by Evergraph Holdings Pte Ltd and shares to the tune of Rs 90 crore by KA Joseph. At present, Evergraph Holdings and KA Joseph owns 77.86 percent and 20.74 percent stake in the company, respectively.

4. Reservation of Issue size: Half of the issue size has been reserved for qualified institutional buyers, 35 percent for retail investors and the remaining 15 percent for non-institutional investors.

5. Raised Rs 240 crore from anchor investors: The company has raised Rs 240 crore from anchor investors ahead of its initial share-sale. The company has decided to allocate a total of 44,28,043 equity shares to 18 anchor investors at Rs 542 apiece, aggregating the transaction size to Rs 240 crore, according to a circular uploaded on BSE website.

6. Shares allocation: Goldman Sachs, Nomura Singapore, Citigroup Global Markets Mauritius, Societe Generale, Axis Mutual Fund and Aditya Birla Sun Life Mutual Fund among others have been allocated shares.

7. Book running lead managers: Axis Capital, Edelweiss Financial Services and IIFL Securities are the books running lead managers to the issue.

8. Registrar: Link Intime India Private Limited is the registrar of the public issue.

9. About SJS Enterprises: SJS Enterprises is one of the leading players in the Indian decorative aesthetics industry offering the widest range of aesthetics products in the country. It is a "design-to-delivery" aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio. It caters to the requirements of the two-wheeler, passenger vehicle, commercial vehicle, consumer appliance, medical devices, farm equipment and sanitary ware industries.

10. Product Offerings: According to the company's website, its product offerings include decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminum badges, in-mould label or in-mould decoration, lens mask assembly and chrome-plated, printed and painted injection moulded plastic parts.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)