SJS Enterprises announces launch of initial public offering
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SJS Enterprises Ltd. has announced public offering of 14760147 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 532.00 per share. The gross proceeds of the issue are expected to be Rs 80,000.00 lakhs. The company's initial public offer (IPO) will open on 01 November 2021 and is expected to close on 03 November 2021, subject to customary closing conditions.
The price band of the issue has been fixed at Rs 531.00-542.00 per share. The IPO includes a fresh Issue of 14760147 Equity Shares of the Company at an price of Rs 542.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 27 shares with bids in multiples of 27. SJS Enterprises Ltd. anticipates using the proceeds of the issue for . Axis Capital Ltd.,Edelweiss Financial Services Ltd.,IIFL Securities Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
