Notable investors that participated in the anchor book were Tara Emerging Asia Liquid Fund, Societe Generale, Nomura, Goldman Sachs and Citigroup.
MUMBAI, 30 OCTOBER, 2021 (GPN): SJS Enterprises Limited, one of the leading players in the Indian decorative aesthetics industry in terms of revenue in Fiscal 2020, has raised Rs 240 crore from 18 anchor investors on October 29, allocating 44,28,043 equity shares at a price of Rs 542 per equity share.
Among the foreign Portfolio Investors who participated in the anchor were Tara Emerging Asia Liquid Fund, Societe Generale, Nomura, Goldman Sachs and Citigroup.
Domestic Investors who participated in the anchor were Axis Mutual Fund, Franklin MF, Aditya Birla Sun Life Insurance, Avendus and Edelweiss, were allocated a total of 21,21,687 shares amounting to approximately Rs. 115 crores ie 47.91% of the Total Anchor Book Size.
The issue with a price band of Rs 531-542 a share opens for subscription on Monday, November 01 and closes on Wednesday, November 03.
The Offer is entirely an offer for sale issue of up to Rs. 710 crores by Evergraph Holding Pte Ltd; and up to Rs 90 crore by K.A. Joseph. Bids can be made for a minimum lot of 27 Equity Shares and in multiples of 27 Equity Shares thereafter.
SJS Enterprises is a “design-to-delivery” aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries.
The products include 2D decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D badges (3D lux), domes, overlays, aluminium badges, IMLs, wheel covers, nameplates, radiator grills, bumper parts, bezels, door handles, instrument panel housings and aftermarket styling products.
It has supplied over 11.5 cr parts with more than 6,000 SKUs in Fiscal 2021 to around 170 customers in approximately 90 cities across 20 countries.
Axis Capital Limited, Edelweiss Financial Services Limited and IIFL Securities Limited are the Book Running Lead Managers to the Offer (“BRLM”).Ends
BSE link for reference: https://www.
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