SJS Enterprises Ltd. to raise Rs.800 crore through IPO
26 October 2021: SJS Enterprises Ltd. (SJS) is in the process of raising Rs.800 crore through IPO (initial public offering) as the company received go ahead from SEBI. The face value of the stock is Rs.10 per equity share. SJS is a world class manufacturer of Automotive Dials (automotive dashboard interior), Climate Control Overlays, Exterior Decals (vehicle graphics for two and four wheelers), Overlays, Badges and Logos for the automotive, electronics and appliance industries, which were hitherto rolled from their old plant having about 1,00,000 sq. ft. plant. Their new plant became fully operational on October 1, 2018.
Reportedly, SJS Enterprises Ltd. had filed a draft red herring prospectus with the Securities Exchange Board of India (SEBI) to raise Rs.800 crore via IPO which consists of a pure offer for sale of Rs.688 crore by Evergraph Holdings Pte. Ltd. and Rs.112 crore by KA Joseph. Currently, Evergraph Holdings and KA Joseph hold 77.86% and 20.74% stake in the company, respectively.
SJS has strong Financials and for the fiscal year 2021, its revenue from operation was at Rs.251.62 crore against Rs.216.17 crore last year. Net profit for the year stood at Rs.47.77 crore versus Rs.41.29 crore a year ago. It has relationship with tier-I automotive suppliers and auto OEMs in two-wheeler and passenger vehicle segments such as TVS Motor Co. Ltd. (TVS), Bajaj Auto Ltd. (Bajaj) and Honda Motorcycle & Scooter India (P) Ltd. (HMSI). It caters to reputed brands such as Whirlpool, Samsung, Electrolux, etc.
K. A. Joseph co-founded SJS in 1987 along with two other partners. As MD, he leads technology development and product innovation. The success of his efforts in building world class offerings at competitive costs has enabled the growth of the Company into a market leader with top notch customers in the white goods and automotive segments both in domestic and overseas markets.
SJS is one of the leading players in the Indian decorative aesthetics industry. The company is a ‘design-to-delivery’ aesthetics solutions provider with a diverse product offering for the automotive and consumer appliance industries. The company’s product offerings include – decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminum badges, in-mold labels or decoration parts, lens mask assembly and chrome-plated printed, and painted injection moulded plastic parts. The company’s subsidiary, Exotech, caters to requirements in the two-wheelers, passenger vehicles, consumer durables/appliances, farm equipment, and sanitary ware industries for chrome-plated, printed and painted injection moulded plastic parts.