October 28, 2021

SJS Enterprises IPO: Here’s what you need to know

Blog | IPO

Bengaluru-based decorative aesthetics solutions provider S.J.S. Enterprises’ IPO opens for subscription on 1 November 2021. Here's what you need to know about the IPO.

Issue Highlights

IPO Size: ₹800 crore
Fresh issue: NA
Offer for sale: ₹800 crore
Price band: ₹531– ₹542 per share
Lot size: 27 Shares
Minimum investment: ₹14,634

IPO Timeline

Start Date: November 1, 2021
End Date: November 3, 2021
Tentative allotment date: November 10, 2021
Tentative refund credit: November 11, 2021
Tentative credit of shares to demat: November 12, 2021
Expected Listing date: November 15, 2021

Registrar Information

Registrar Name: Link Intime India Private Limited
Concerned Person Name: Shanti Gopalkrishnan
Email: sjs.ipo@linkintime.co.in
Contact Number: +91 22 49186200

Key highlights

SJS Enterprises is one of the leading players in the Indian decorative aesthetics industry in terms of revenue
It designs, develops and manufactures a diverse range of products for customers, especially, in the automotive and consumer appliance sectors
Its product offerings include decals and body graphics, 2D and 3D appliques and dials, printed and painted injection moulded plastic parts, etc.
The company also offers a variety of accessories for the two-wheelers and passenger vehicles aftermarket
It has supplied over 11.5 crore parts to around 170 customers across 20 countries
It has a diverse customer base including Suzuki, M&M, Ashok Leyland, Bajaj Auto, Whirlpool, Samsung among others.

Reasons for going public

Offer liquidity to the selling shareholders

Company Fundamentals

Before investing in an IPO, one should understand the company fundamentals.

Top shareholders of the company are:

Company Financials

Here’s a look at the company’s financial performance:

Company Overview

S.J.S. Enterprises designs, develops and manufactures decorative aesthetic products. The design-to-delivery aesthetics solutions provider offers a diverse portfolio of products for a wide range of customers, especially in the automotive and consumer appliance industries. The company supplied over 115 million parts to around 170 customers in approximately 90 cities across 20 countries in FY21.

Competitive strengths

One of the leading decorative aesthetics suppliers with a wide range of products
Supported by established supply chain and delivery mechanism
Capable of product innovation, design, and development
Strong track record of financial performance
Well-established customer relationship

Opportunities

Leverage market leadership to enhance focus on premium products
Enhance product styling, customisation, design and development capabilities
Build, innovate, and develop new products
Intend to focus on expanding penetration in the two-wheeler automotive segment in Asia
Take steps towards the integration of subsidiary’s business
Business expansion through strategic inorganic growth opportunities
Increase geographical footprint and exports

Threats

Any loss of key customers and contracts to the competition
Fluctuations in the performance of the automotive and consumer appliance industries

Risks

Failure to source raw materials at competitive prices
High dependency on automotive sector which makes up 70% of revenues
Inability to accurately manage inventory
Counterparties may delay or fail to make payments or perform contractual obligations