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SJS Enterprises IPO: Earning Opportunity! 531-542 is the price band, understand what is positive and negative from Anil Singhvi

The IPO of SJS Enterprises has opened for subscription from today i.e. on November 1. The issue will be open for investment till November 3. The size of the IPO is Rs 800 crore

New IPO: The Initial Public Offering (IPO) of SJS Enterprises has opened for subscription from today i.e. on November 1. The issue will be open for investment till November 3. The size of the IPO is Rs 800 crore, out of which the company has already raised Rs 240 crore from anchor investors on October 29. SJS Enterprises has fixed a price band of Rs 531-542 for the IPO. There will be only Offer for Sale (OFS) in this issue. Anil Singhvi, Managing Editor of dgmartpro Business has also given his opinion regarding the issue. He says that if the investment approach is long-term, then you can invest money in it. Only those seeking listing gains should avoid this.

IPO: What is positive

Anil Singhvi says that SJS Enterprises is a good company that makes logos or beautifies for auto and consumer companies. The management of the company is strong and the track record of the promoters is also good. They have a good understanding of business. The company’s business model is of a different type, which has to remain in demand. The company is debt free and there is no shortage of cash. Cash flow is also strong. The track record of revenue growth has also been good. Philharl, if you are thinking of investing money in the issue, then invest it only for a long period.

IPO: What is negative

The downside with IPOs is that valuations are not cheap. It should have been cheaper. There is another risk that if 5 IPOs are taken together then a lot of money will come, it is less expected. The response of investors may be low. At the same time, there is also a risk factor of market volatility.

IPO: Price Band, Lot Size

SJS Enterprises has fixed the price band for the IPO from Rs 531 to Rs 542. It has one lot of 27 shares. In terms of upper price band, retail investors will be required to invest at least Rs 14,634. Maximum 13 lots can be taken.

About the IPO

The IPO of SJS Enterprises will be purely based on Offer for Sales (OFS). Evergraph Holdings Pte Ltd will sell shares worth Rs 710 crore through offer for sales. At the same time, shares worth 90 crores will be sold by KA Joseph. The company has raised Rs 240 crore from anchor investors out of the total issue size of Rs 800 crore.

How much reserve for retail investors

50% stake in the IPO of SJS Enterprises is reserved for Qualified Institutional Buyers (QIBs). Of this, 15 percent is reserved for non-institutional investors and the remaining 35 percent for retail investors.

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