SJS Enterprises IPO subscribed 1.59 times
SJS Enterprises’ initial public offering was subscribed 1.59 times on the last day of subscription Wednesday. The Rs 800 crore IPO received offers for 1,679,7,537 shares against 1,05,46,140 shares offered, according to NSE data. The Qualified Institutional Purchasers (QIB) category received subscription 1.42 times, Non-Institutional Investors 2.32 times, and Retail Investors (RII) 1.38 times. SJS Enterprises had raised Rs 240 crore from key investors on Friday. The issue had a price range of Rs 531-542 per share. SJS Enterprises is a leading player in the Indian decorative aesthetic industry, offering a wide range of aesthetic products in the country. It is a provider of “design-to-delivery” aesthetic solutions with the ability to design, develop and manufacture a diverse product portfolio. It meets the requirements of the two-wheeler, passenger vehicle, utility vehicle, consumer appliances, medical devices, agricultural equipment and sanitary ware sectors. Axis Capital Limited, Edelweiss Financial Services Limited and IIFL Securities were the managers of the offer.
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