The initial public offer of SJS Enterprises was subscribed 1.59 times on the last day of subscription on Wednesday. It received bids for 1,67,97,537 shares against 1,05,46,140 shares on offer, according to the NSE data.
The category for Qualified Institutional Buyers (QIBs) received 1.42 times subscription, while that for non-institutional investors 2.32 times and retail individual investors (RIIs) 1.38 times.
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.
Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:
- Visit https://www.bseindia.com/investors/appli_check.aspx
- Under the issue type, click Equity
- Under the issue name, select SJS Enterprises Limited in the dropbox
- Write the application number
- Add the PAN card ID
- Click on ‘I am not a Robot’, and hit submit
You can also check the allotment status on the online portal of Link Intime India Private Limited (
https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.
- Go to the web portal of Link Intime India Private Limited
- Select the IPO in dropbox whose name will be populated only if the allotment is finalised
- You may be required to select either one of the three modes: Application number, Client ID or PAN ID
- In application type, select between ASBA and non-ASBA
- Enter the details of the mode you selected in Step 2
- For security purposes, fill the captcha accurately
- Hit submit.
Bidders who could not get allotment in the IPO may see the initialisation of refunds on November 11. Others, who would be allotted shares may see the credit of shares in the Demat account by November 12. The listing of the IPO is likely on November 15.
