New Delhi, Nov 2 (PTI) The initial public offer of SJS Enterprises Limited received 51 per cent subscription on the second day of the IPO on Tuesday.

Also Read | 1 TB Internal Phone Memory! Samsung Ready With World's First 1TB Chip for Smartphones.

The Rs 800-crore IPO received bids for 53,87,877 shares against 1,05,46,140 shares on offer, according to the NSE data.

Also Read | 10-0! Jose Mourinho Starts AS Roma Managerial Career in Style by Defeating Serie D Side Montecatini.

Retail Individual Investors (RIIs) category was fully subscribed while those for non institutional investors received 6 per cent subscription.

SJS Enterprises on Friday raised Rs 240 crore from anchor investors.

The issue is in a price band of Rs 531-542 a share.

SJS Enterprises is a leading player in the Indian decorative aesthetics industry, offering a wide range of aesthetics products in the country.

It is a "design-to-delivery" aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio. It caters to the requirements of the two-wheeler, passenger vehicle, commercial vehicle, consumer appliance, medical devices, farm equipment and sanitary ware industries.

Axis Capital Limited, Edelweiss Financial Services Limited and IIFL Securities are the managers to the offer.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)