SJS Enterprises IPO

SJS Enterprises is one of the market leaders when it comes to the decorative aesthetics industry in India. It boasts of having a vast selection of aesthetic products and is reckoned as a ‘design-to-delivery’ solution provider in the market. The company has carved a name in this field by catering to the requirements of passenger vehicles, consumer appliances, two-wheelers, medical devices, sanitaryware and farm equipment industries.

SJS Enterprises IPO Objectives

- SJS Enterprises will not receive any proceeds from this initial public offering. However, the primary objective of this IPO could be to raise additional capital.

SJS Enterprises IPO - Details

The SJS Enterprises IPO will comprise pure OFS. The OFS worth Rs. 800 crores will be made by Evergraph Holdings Pte Ltd. and KA Joseph, respectively. Presently, Evergraph Holdings owns a 77.86% stake in SJS Enterprises, whereas KA Joseph holds a 20.75% stake.

Opening Date

Nov 1, 2021

Closing Date

Nov 3, 2021

Price Band

₹531 to ₹542

per equity share

Issue Size

₹ 800 Cr

Face Value

₹ 10

per equity share

Market Lot

27 Shares

Opening Date

Nov 1, 2021

Closing Date

Nov 3, 2021

Price Band

₹531 to ₹542

per equity share

Issue Size

₹ 800 Cr

Face Value

₹ 10

per equity share

Market Lot

27 Shares

Listing at NSE, BSE

SJS Enterprises IPO Important Dates

IPO Open Date Nov 1, 2021
IPO Close Date Nov 3, 2021
Basis Of Allotment Date Nov 10, 2021
Initiation Of Refunds Nov 11, 2021
Credit Of Shares To
Demat ACcount
Nov 12, 2021
IPO Listing Date Nov 15, 2021

Why Should You Invest in SJS Enterprises IPO?

SJS Enterprises’ strong financial performance and widespread client base in both domestic and international markets put it at an advantage. The company is proficient in retaining its customers and has a diverse source of earnings. This makes its initial public offering quite lucrative for stag investors. First, however, investors should understand the growth prospects and limitations of SJS Enterprises to determine whether the company will allow them to meet their investment goals down the road.

Financial highlights

Financial Year Total Revenue in Millions Total Assets in Millions Profit After Tax in Millions
2020-2021 Rs. 2516.00 Rs. 2185.54 Rs. 478
2019-2020 Rs. 2162.00 Rs. 1573.89 Rs. 413

How to apply for SJS Enterprises IPO?

You can apply for the SJS Enterprises IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book SJS Enterprises IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

1. If you are already a client of Angel One, apply directly for SJS Enterprises IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.

SJS Enterprises – Noteworthy Highlights

The company boasts of a diversified product portfolio and caters to the aesthetic requirements of multiple industries. Over the years, it has emerged as a recognised name in the space of industrial, graphic printing and manufacturing aesthetic components. Some of its highlights include –

- This Mumbai-based company has more than 75 offline stores across India.

- Recognised names such as TATA, Hyundai, Royal Enfield, Fiat, Panasonic, Honda, John Deere and TVS are among its top customers.

- It boasts of a long-standing relationship with its customers, vendors and associates.

- The company has a robust network of more than 450 employees, exclusive of associates, vendors and customers.

- It has export relations with major MNCs such as Hewlett Packard, Whirlpool, Motorola and Visteon.

SJS Enterprises IPO - SWOT Analysis

strengths

Strengths

  • Robust Financial Standing: The company has healthy operating profitability. It also boasts of uninterrupted cash flow, substantial liquid investment and cash balance.
  • Outstanding Client Portfolio: SJS Enterprises has a high-profile client portfolio. It extends service to OEMs in the four-wheeler and two-wheeler segments. Some of its major clients include big shots such as Bajaj, Visteon Group, Nissan, TVS, Honda Motorcycle, etc.
  • Long-Term Relationship with Customers: SJS Enterprises boasts of excellent retention rate. The company has been associated with some of its top customers for over 2 decades. It has also managed to bag incremental orders from the clients on a yearly basis.
Weaknesses

Weaknesses

  • Exposure to Client Concentration Risk: This company is subject to the risk of client concentration. This is because, over the years, the top three clients of SJS Enterprises have accounted for nearly 60% of its total revenue. Therefore, losing any of the major clients could impact its revenue flow significantly.
  • Over-Dependence on the Automotive Industry: Most of its top clients are proactive players of the automotive industry. This makes the company sensitive to the upward and downward cycle of automotive demand and impacts its earnings significantly.
Opportunities

Opportunities

  • Scope of Expansion: The company has an enhanced manufacturing capacity. By strategising the production process, the company can cater to its long-term growth requirements with greater ease.
Threats

Threats

  • Change in Trade Policies: SJS Enterprises generates substantial revenue from its exports. While this helps to generate revenue from the international market, it also exposes the company to change in trade relations or policies. In the last couple of years, the automotive sector has witnessed a slump in its demand. A surge in fuel prices, road tax, liquidity crunch and hike in acquisition cost are among the top reasons for the slowdown in demand for automobiles globally. Needless to say, these factors continue to pose a threat to this company's growth and earnings as it has maximum clients from this sector.
  • Sensitivity to Foreign Currency Rate: This company imports a large portion of its raw materials. Any fluctuation in the forex rate could impact its profit margins significantly.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Robust Financial Standing: The company has healthy operating profitability. It also boasts of uninterrupted cash flow, substantial liquid investment and cash balance.
  • Outstanding Client Portfolio: SJS Enterprises has a high-profile client portfolio. It extends service to OEMs in the four-wheeler and two-wheeler segments. Some of its major clients include big shots such as Bajaj, Visteon Group, Nissan, TVS, Honda Motorcycle, etc.
  • Long-Term Relationship with Customers: SJS Enterprises boasts of excellent retention rate. The company has been associated with some of its top customers for over 2 decades. It has also managed to bag incremental orders from the clients on a yearly basis.

Weaknesses 

  • Exposure to Client Concentration Risk: This company is subject to the risk of client concentration. This is because, over the years, the top three clients of SJS Enterprises have accounted for nearly 60% of its total revenue. Therefore, losing any of the major clients could impact its revenue flow significantly.
  • Over-Dependence on the Automotive Industry: Most of its top clients are proactive players of the automotive industry. This makes the company sensitive to the upward and downward cycle of automotive demand and impacts its earnings significantly.

Opportunities 

  • Scope of Expansion: The company has an enhanced manufacturing capacity. By strategising the production process, the company can cater to its long-term growth requirements with greater ease.

Threats 

  • Change in Trade Policies: SJS Enterprises generates substantial revenue from its exports. While this helps to generate revenue from the international market, it also exposes the company to change in trade relations or policies. In the last couple of years, the automotive sector has witnessed a slump in its demand. A surge in fuel prices, road tax, liquidity crunch and hike in acquisition cost are among the top reasons for the slowdown in demand for automobiles globally. Needless to say, these factors continue to pose a threat to this company's growth and earnings as it has maximum clients from this sector.
  • Sensitivity to Foreign Currency Rate: This company imports a large portion of its raw materials. Any fluctuation in the forex rate could impact its profit margins significantly.

Competitor Analysis: Market Peers

SJS Enterprises is a leading provider of design-to-delivery aesthetics solutions. The company is adept at designing, developing and manufacturing a product portfolio that caters to customers in the consumer appliance and automotive industries. Through its expertise, the company has managed to turn the cream of the automotive industry into its client base. This offers SJS Enterprises a competitive edge over its market peers, making it almost second to none in the sector.

SJS Enterprises IPO FAQs

What is SJS Enterprises IPO?

SJS Enterprises IPO will be a pure offer for sale. The shares of Evergraph Holdings and KA Joseph will be diluted through this public offer.

When will SJS Enterprises IPO be open for subscription?

SJS Enterprises is yet to share IPO subscription details.

What is the minimum lot size that investors can subscribe to?

We will update this information once the company releases more details.

When is the SJS Enterprises IPO listing date?

We will update the SJS Enterprises IPO listing date as soon the company releases its upcoming IPO details.

How will I receive shares?

Investors will receive SJS Enterprises shares in their DEMAT account after the allotment process is completed.

What is the minimum order quantity for SJS Enterprises IPO?

The minimum lot size for this upcoming IPO is yet to be disclosed.

Who is the registrar for SJS Enterprises IPO?

The company is yet to appoint a registrar for this IPO.

Who are the legal advisors of SJS Enterprises IPO?

SJS Enterprises is yet to share information regarding the appointment of a legal advisor.

Who is the lead manager of SJS Enterprises IPO?

Edelweiss Financial Services, IIFL Securities and Axis Capital are appointed as the SJS Enterprises IPO lead managers.

Which promoters are involved with SJS Enterprises IPO?

KA Joseph and Evergraph Holdings are the active promoters whose shares will be diluted in this upcoming IPO.

Which investor categories are allowed to participate in SJS Enterprises IPO?

The company is yet to release information about the involved category of investors and their reservations.

Do I need to approve a UPI mandate request immediately?

Yes, you must approve any UPI mandate request immediately. It is better to accept it as soon as you receive it. However, the window of approval is Live from the closure of the previous workday to 12 noon of the next workday.

How can I create a UPI ID with the BHIM app?

To create a UPI ID using the BHIM UPI app, you can refer to these below-mentioned steps –
Step 1: Download and install the BHIM UPI app on your smartphone
Step 2: Authenticate your mobile number and create a password or PIN required to use this app
Step 3: Select a bank from NPCI’s list of approved financial institutions
Step 4: This BHIM UPI app will then get your bank account details without putting them manually
Step 5: In case you have more than one bank account, select one that you want to register and connect with this app
Step 6: Create a personal UPI ID for security reasons
You can check your UPI ID afterwards in the ‘Profile’ section of this app.

What is the process to approve any UPI mandate request for the SJS Enterprises IPO?

Approval of any UPI mandate request for SJS Enterprises IPO or any other public offering is via UPI. To know more about the process and do this task without any hassle, click here.

Is it possible to apply for SJS Enterprises IPO without a UPI ID?

Yes, it is possible to apply for SJS Enterprises IPO without using a UPI ID. In such cases, you can take the help of the ASBA process that a bank provides to apply for an IPO. In case of not having any UPI ID, you can quickly generate one without much problem by referring to any of the UPI handles as approved and mentioned in the NPCI list.

How to apply for this SJS Enterprises IPO via the Angel One App?

To apply for this IPO of SJS Enterprises IPO using the platforms of Angel One, follow the steps mentioned below –
Step 1: Visit the ‘investment opportunities’ section on the Angel One mobile app
Step 2: Navigate to the ‘IPOs and FPOs’ section and provide all the required details
Step 3: Provide your NPCI approved UPI handle
Step 4: Click on ‘invest’ and submit your bid for this public issue of SJS Enterprises

Why did I fail to apply for this SJS Enterprises IPO using my current UPI handle?

The reason behind failure to apply for SJS Enterprises initial public offering by using your present UPI handle is because your UPI service provider may not have the approval of NPCI to extend UPI service. UPI service providers approved by NPCI can only be used. You may refer to their official list of approved apps. After that, you will be able to register with any of these UPI apps to apply for an IPO.

I have approved the UPI mandate request of IPO; but, its position on the Angel One app is still pending. So, what can I do now?

The reason behind this mandate request status displaying pending on the Angel One app is because this platform is not equipped to show real-time updates. However, you can find its current status in the respective public issues order book if you have approved this request.

Can I apply for IPO using a bank account not connected with the Angel One App?

Yes, you can apply for the SJS Enterprises’ public offering using a bank account not connected with the Angel One App. However, this bank account must be in your name.

I cannot locate my UPI ID in the dropdown menu of the Angel One App while applying for IPO. What is the reason?

One of the main reasons for not being able to locate a UPI ID in the dropdown menu of the Angel One app is that it does not have NPCI’s approval. In that case, you can create an alternative UPI ID via service providers stated in the NPCI list.

How quickly can I anticipate getting a UPI mandate request after completing my application for SJS Enterprises IPO?

You can expect to receive a UPI mandate request against your SJS Enterprises IPO application within 15 to 20 minutes after submitting your application. Nevertheless, this process can get hindered at times due to different reasons.

Is it possible to use a current account to apply for this SJS Enterprises IPO?

No, NRIs can’t use the Angel One App to apply for the public offer of the SJS Enterprises IPO. On the other hand, they can always apply for any public offering via the Application Supported by Blocked Amount (ASBA) process. They can contact their particular banks to know more about this procedure.

I am an NRI. Can I use Angel One App to apply for SJS Enterprises IPO?

No, it is not possible for NRIs to use the Angel One App to apply for the public offer of SJS Enterprises IPO. On the other hand, they can always apply for any public offering via the Application Supported by Blocked Amount (ASBA) process. They can contact their particular banks to know more about this procedure.

Is it possible to apply for the public issue of SJS Enterprises using my minor daughter’s bank account?

No, it is not possible to use your minor daughter's bank account to apply for this SJS Enterprises’ public issue, or any other IPO. Besides, the Angel One App does not have that facility where you can take help from your minor daughter’s bank account to apply for public issues. However, minors can apply for an IPO that they want via the ASBA process through a bank of their choice.

Is it possible to apply multiple times for this IPO of SJS Enterprises using one PAN?

No, it is not possible to submit multiple applications for this SJS Enterprises IPO or any other public issue by using one PAN. The reason behind this is that you will not receive a sanction in case you submit applications more than once using one PAN. Henceforth, you will not receive any allocation for a specific IPO.

Can I alter my bid for SJS Enterprises’ IPO after confirming its final application?

Yes, you can change your bid for the IPO of SJS Enterprises after approving its final application. Here, you can amend the lot size and the UPI ID. But, keep in mind that any modifications you make after approving the UPI mandate request will be counted as a new bid. In such instances, the banks will block funds again and besides your former application. Simultaneously, you will get a new UPI mandate request for this recent bid, just like before.

Can I use my Hindu Undivided Family account to apply for the IPO of SJS Enterprises?

Your Hindu Undivided Family account will not help you apply for SJS Enterprises’ public issue using the Angel One platform. However, through the ASBA procedure, as stated by the banks for this purpose, you may take the help of your Angel One account.

I have finished the application process for SJS Enterprises’ IPO, but the funds are not yet debited. What is the reason?

The reason behind your funds for this SJS Enterprises IPO not getting debited is that, initially, banks block this amount following your submission of bid, and they do not release it. They keep this amount locked till you get an allocation or your UPI mandate expires. Nonetheless, if you get your allotment of SJS Enterprises’ IPO or any other, banks will debit this amount.

What defines a cut-off price? Can I apply at this price point?

The price at which the shares of SJS Enterprises or any other company get listed on the stock market is known as the cut-off price. This is a pre-set price, and it is decided in the allocation stage of a public issue. Yes, you can apply for an IPO at this price point. Moreover, if you do so, it specifies that you are interested in bidding for the SJS Enterprises IPO at this price point. Besides, applying at a cut-off price also increases your chance of getting an allotment.

Why is my application for SJS Enterprises’ IPO rejected?

Mentioned below are a few possible reasons for the rejection of SJS Enterprises’ IPO –
●Providing an incorrect UPI PIN when approving your UPI mandate
●Failing to ensure that your UPI ID, Demat account, and bank account are linked with the same PAN
For instance, if you use your personal Demat account to apply for this public issue and your friend’s UPI ID to make payment. In that case, your application can be disallowed –
●If your friend’s UPI ID and your PAN are not linked
●If your friend’s bank account is not connected with your Demat account

Are there any extra charges in play to apply for this SJS Enterprises public issue?

You need not pay any extra charges to apply for any IPOs using the Angel One app or platform.

How to get an assurance for the allotment of SJS Enterprises IPO?

There is no way to assure allotment for the SJS Enterprises IPO or any other public issue that you have decided to apply for. Since oversubscription is a common affair here, shares are allocated via a lottery system. So, it is not possible to promise allotment of any public offer.
Nevertheless, you need to keep in mind that the Angel One platform only allows you to apply for an IPO, and it does not offer any guarantee regarding the allotment.
But, you can increase your chances by following some tips –
●Using a Demat Account linked with your PAN
●Applying at the cut-off price
●Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection. For instance, person X has applied for the Shriram Properties IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –
●Person Y’s UPI ID is not linked with X’s PAN
●Person X’s Demat account is not linked with Y’s bank account

What is the required time period to block or unblock the funds of an IPO subscription?

After authorising a UPI mandate request, the funds required for an initial public offer will be blocked. Nonetheless, these funds will be only released if your UPI mandate terminates or if you fail to get an allotment. Nevertheless, if the funds are not released even after these two developments, get in touch with your bank to sort this out.

How can I find my UPI ID on the Angel One mobile platform?

You can find the UPI ID in the ‘profile’ section of any UPI app.

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