Mumbai, November 15, 2021 (GPN): SJS Enterprises Limited (the “Company”), one of the leading players in the Indian decorative aesthetics industry in terms of revenue in fiscal 2020, listed on the NSE at Rs. 542, at par. The scrip got listed at BSE at Rs. 540 per share, a 0.37% discount over its issue price of Rs 542. The shares of the company at day end closed at Rs. 509.85 per share on BSE and at Rs 510 per share on NSE. The initial public offering was offered at a lower price band of Rs 531 per share and higher price band of Rs 542 per equity share.

As per BSE, the total quantity traded stood at 2.25 lakh shares with a delivery quantity percentage of 29.57. Quantity traded and total quantity traded at NSE stood at 54.44 lakh shares with a delivery quantity percentage of 54.12. Total Turnover (BSE+NSE) on Day 1 stood at Rs 301 crore.

Mr. KA Joseph, Managing Director, said “Today marks an important milestone for SJS. Three decades back, my partners and I, set out to create a leading, aesthetics, technology-forward, customer-centric, global, and best-in-class governed company with impeccable integrity and professional talent. Over the years we have executed this vision. We remain humbled at the response from investors. We appreciate the responsibility given to us and will work harder to deliver returns to all our shareholders. We are at the cusp of massive economic growth and recovery in the sectors we serve. The premiumization trend, which we represent and lead, is accelerating. We have invested in capacity ahead and in anticipation of this demand.  We are now fully geared to deliver significantly above-industry revenue growth with best-in-class EBIDTA margin, ROCE, and cash flow.”

Mr. Sanjay Thapar, Executive Director, and Chief Executive Officer said “We are humbled by the faith of investors in our company. We are conscious that we are now custodians of the capital of a lac plus shareholders and we have to work even harder to justify their faith in us. For the past 8/10 years SJS’s financial performance has been very consistent and among the best in the manufacturing industry. We are very confident about the future outlook of the company.”

The Market Capitalization of the Company post today’s closing price stood at Rs. 1,551.88 crore as per BSE and Rs. 1,552.33 crore as per NSE.

The Initial Public Offering of the company was Rs 800 cr and the issue was closed on 3rd November 2021. The portion reserved for retail investors was subscribed 1.38 times. While the Qualified Institutional Buyer category was subscribed 1.42 times, the Non-Institutional Investor category was subscribed 2.32 times. Overall the issue was subscribed 1.59 times.

Axis Capital Limited, Edelweiss Financial Services Limited, and IIFL Securities Limited are the book running lead manager to the Offer (“BRLM”)