November 29, 2021

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

SJS Enterprises makes tepid debut, falls nearly 6% in debut trade

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, SJS Enterprises makes tepid debut, falls nearly 6% in debut trade, The World Live Breaking News Coverage & Updates IN ENGLISH
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, SJS Enterprises makes tepid debut, falls nearly 6% in debut trade, The World Live Breaking News Coverage & Updates IN ENGLISH

The initial public offer of SJS Enterprises was subscribed 1.59 times on the last day of subscription on November 3.

PTI

November 15, 2021 / 11:30 PM IST

, SJS Enterprises makes tepid debut, falls nearly 6% in debut trade, The World Live Breaking News Coverage & Updates IN ENGLISH

Shares of SJS Enterprises on November 15 made a tepid debut against the issue price of Rs 542 and settled nearly 6 percent 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 percent to Rs 505.50. The stock went lower by 5.93 percent to close at Rs 509.85.

On NSE, it listed at par with the issue price at Rs 542. It declined 5.86 percent 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.

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.

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