S J S Enterprises IPO
S J S Enterprises Limited (SJS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 15 November 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +5.6% (likely range -17% to +23%), day's high +10.3%, chance of a gain 50%. Actual: 0.0% at the open, +1.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 30,13,183 | 42,71,022 | 1.42x | |
| NII (HNI) total | 22,59,887 | 52,34,760 | 2.32x | |
| Retail | 52,73,070 | 72,91,755 | 1.38x | |
| Total | 1,05,46,140 | 1,67,97,537 | 1.59x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 34% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to S J S Enterprises's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| GTPL HathwayJun 2017 | 1.48x | 2.85x | 0.99x | 1.53x | ₹492 Cr | 0.0% | +2.9% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
| Suryoday Small Finance BankMar 2021 | 2.18x | 1.31x | 3.09x | 2.37x | ₹582 Cr | -4.3% | -2.8% |
| Rail Vikas NigamApr 2019 | 1.36x | 0.80x | 2.93x | 1.83x | ₹842 Cr | 0.0% | +4.2% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Prince Pipes and FittingsDec 2019 | 3.54x | 1.21x | 1.89x | 2.21x | ₹503 Cr | -10.1% | -0.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| Edelweiss Financial Services | 16 | +25.0% | 69% |
| IIFL Securities | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the S J S Enterprises IPO price band and lot size? ₹531–542 per share, with a lot of 27 shares, so the smallest retail bid is ₹14,634.
How many times has it been subscribed? 1.59x overall: QIB 1.42x, NII 2.32x, retail 1.38x.
How did it list? It opened at ₹542, +0.0% against the issue price of ₹542, and closed its first day -5.9%.
