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S.J.S. Enterprises Limited IPO
The Company is one of the leading players in the Indian decorative aesthetics industry in terms of revenue in Fiscal 2020 and as at March 31, 2021, offered the widest range of aesthetics products in India, according to the CRISIL Report.
They are a “design-to-delivery” aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries. The Company supplied over 115 million parts with more than 6,000 SKUs in Fiscal 2021 to around 170 customers in approximately 90 cities across 20 countries. They differentiate on the basis of the wide range of the product portfolio, quality of the product offerings, the product design and development capabilities and the strength of the relationships with customers located across various industries globally.
In addition to manufacturing aesthetics products that cater to the requirements for two-wheeler, passenger vehicle and consumer appliance industries, we also manufacture a wide range of aesthetics products that cater to the requirements of the commercial vehicles, medical devices, farm equipment and sanitary ware industries.
Its product offerings include decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminium badges, “In-mould” label or decoration parts (“IML/IMD(s)”), lens mask assembly and chrome-plated, printed and painted injection moulded plastic parts.
Its key customer base includes:
(i) Well-known automotive original equipment manufacturers (“OEMs”) such as Suzuki, Mahindra & Mahindra, John Deere, Volkswagen, Honda Motorcycle, Bajaj Auto, Royal Enfield and TVS Motors;
(ii) Tier-1 automotive component suppliers such as Marelli, Visteon and Mindarika;
(iii) Well-known consumer durables/appliances manufacturers such as Whirlpool, Panasonic, Samsung, Eureka Forbes, Godrej and Liebherr; • medical devices manufacturers such as Sensa Core
(iv) Sanitary ware manufacturers such as Geberit.
i. Strong manufacturing capabilities and established supply chain network
ii. Innovative product designing capabilities
iii. A strong relationship with global Tier-1 companies
iv. Strong financials
Objects of the S.J.S. Enterprises Limited IPO:
S.J.S. Enterprises Limited IPO Details:
|Open Date:||Nov 01 2021|
|Close Date:||Nov 03 2021|
|Total Shares:||1.47 Crores|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue|
|Issue Size:||800 Cr.|
|Lot Size:||27 Shares|
|Issue Price:||₹ 531-542 Per Equity Share|
|Listing Date:||Nov 15 2021|
Promoters And Management:
Financials of S.J.S. Enterprises Limited IPO:
|Particulars (in Cr)||Mar 21||Mar 20||Mar 19|
|Revenue from operations||251||216||237|
|Cost of raw materials consumed||99||84||94|
|Changes in inventory||-2||-2||0.3|
|Employee benefits expense||36||32||31|
|Depreciation and amortisation||14||12||9|
|Profit before tax||64||54||52|
|Total tax expense||16||13||15|
|Profit for the year||47||41||37|
Comparison With Peers:
Recommendation on S.J.S. Enterprises Limited IPO:
Lead Manager of S.J.S. Enterprises Limited IPO:
Registrar of S.J.S. Enterprises Limited IPO:
Discussion on S.J.S. Enterprises Limited IPO:
IPO Looks fully Priced…
Total Outstanding Shares after IPO = ~3 Crores
Issue Price = 542
EPS = 15
P/E = 35x…
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