SJS Enterprises price band at Rs 531-542 a share, issue open Nov 1-3

SJS Enterprises has priced its initial public offer between Rs 531-542 per share. The issue opens on November 1 and November 3. The IPO consists of an offer for sale of Rs 710 crore by Evergraph Holdings and Rs 90 crore by K A Joseph.

Evergraph Holdings and K A Joseph hold 77.86 and 20.74 per cent stake in the company, respectively. SJS company is a manufacturer of aesthetic products like decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, and aluminium badges. Its customers include Suzuki Motorcycle India, Mahindra & Mahindra, John Deere.