SJS enterprises IPO should you hold or sell sjs enterprises stock after IPO listing

 Should you hold or sell SJS Enterprises Share after IPO Listing?

SJS Enterprises IPO had fully subscribed 1.59 times on the final day of bidding. Total bidding had received 1.67 crore equity shares against the SJS enterprises IPO size of 1.05 Equity shares. Good brands from the financial broking companies like, ICICI Direct and Choice Equity Broking, Canara Bank Securitas had suggested subscribing this IPO. It was obvious that it was expected to fully subscribe on the final day of issue close. If we will talk about the retail portion of this IPO then SJS IPO had subscribed by 1.38 times where as non-institutional investors portion was subscribed by 2.32 times. The SJS IPO portion of Qualified Institutional Buyers subscribed with 1.42 times of equity shares.  On 15 November 2021, SJS Enterprises IPO is going to lis on BSE & NSE Stock exchanges of India.

As per the sources, SJS Enterprises had reported net profit of more than Rs 46.80 crore in the financial year of 2021/FY21 where as SJS Had reported increase in profit from more than Rs 410 crore in FY20. SJS had also recorded total revenues to Rs 251.61 crore in FY21 which was better revenues compared with FY20 which was nearly Rs 216 crore. In the quarter ended June 2021, the company had a profit of Rs 9.5 crore on revenue of Rs 74.3 crore. SJS Company is overall debit free company. Also Company Holds Cash on its books. From investment point of view It is very good thing.  SJS Company has Monopoly in the manufacturing of LOGOS for automobile sectors as well Consumer durable companies’ products. Over all, SJS Enterprises Company looks good for th investment point of view. But the Valuations are high. Not much juice left for the investors after SJS enterprise IPO listing.  SJS enterprise IPO price band 531rs to 542rs looks bit expensive. If any investor had made IPO bid for the Listing gains point of view then we should not expect bumper listing of SJS Enterprise IPO. We are expecting flat to slightly positive listing gains  in SJS Enterprises stock. If Investors got allotment of shares in SJS IPO then it is better to keep stop loss of maximum 510rs or 505rs after listing. If breaks level of 500rs and give close below this level then it is better to take exit. If Investors or traders get listing gains in SJS IPo then it is better to book profit or raises your stop losses.

Should you buy SJS Enterprise share after IPO listing?

There is nothing bad with the SJS Enterprises Company. Business model is good. Company is cash rich. As of now there is no debit on company balance sheet. SJS Enterprises may offer better return in the long term point of view. If any investor has 2 to 3 years point of view for making investment in to SJS enterprise then It is advisable to accumulate SJS Enterprise share on lower levels. If in the coming days we get 10% to 20% discount in SJS enterprise share as part of profit booking after IPO listing then only Long term Investors can accumulate SJS Stock for 2 to 3 years time horizon.

SJS enterprises Customers List

If we will talk about the company customers then big brands  of two wheelers & Four wheelers segment  companies like , Suzuki, Honda, Fiat, Tata, Sokda, Pricol, Panasonic, Hyundai, Godrej, Samsung, whirlpool, Roca, TVS, Forbes, Nissan, Mahindra, Bajaj & few more.  Company has mixed list of its clients. Mainly SJS has customers from automotive and consumer appliance industries. Therefore we can say that Company generate business revenues from the Automobile as well as from the consumer durable segment.

Should you buy in SJS enterprises stock for long term? 

The answer is “Yes” but only at lower levels as suggested above. Also Understand the Business model of SJS Enterprises before making investment into SJS Stock.

What is the business of SJS enterprises?

SJS enterprises  has business of aluminium badges, decals and body graphics, printed and painted injection moulded plastic parts,  2D appliques and dials, , 3D lux badges), domes, overlays, in-mould label or decoration parts,, lens mask assembly and chrome-plated, , 3D appliques and dials. SJS Company has wide range of products portfolio & Strong grip on research & development of products technology.  Recently in the year of 2021, SJS Company had acquired one new company having name is “EXOTECH Plastics”.

SJS Enterprises started its export business in 1996. SJS Enterprises has number of global companies to them company exports its products. The name of the few multinational companies to them sjsj enterprise exports its products are Hewlett Packard, Motorola, Visteon, Whirlpool etc. SJS has also expertise in Design, Technological solutions etc. Also SJS enterprise manufactures a large variety of aesthetics products catering to commercial vehicles.