Latest News | SJS Enterprises Make Tepid Debut; Decline Nearly 6 Pc in Debut Trade
Get latest articles and stories on Latest News at LatestLY. Shares of SJS Enterprises on Monday made a tepid debut against the issue price of Rs 542 and settled nearly 6 per cent lower.
New Delhi, Nov 15 (PTI) Shares of SJS Enterprises on Monday made a tepid debut against the issue price of Rs 542 and settled nearly 6 per cent lower.
On the BSE, it listed at Rs 540, a decline of 0.36 per cent from the issue price. During the day, it dipped 6.73 per cent to Rs 505.50. The stock went lower by 5.93 per cent to close at Rs 509.85.
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On NSE, it listed at par with the issue price at Rs 542. It declined 5.86 per cent to close at Rs 510.20.
The initial public offer of SJS Enterprises was subscribed 1.59 times on the last day of subscription on November 3.
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The Rs 800-crore IPO had 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.
(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)