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IPO

Decorative aesthetics firm SJS Enterprises raises Rs.240-Cr from anchor investors

MoneyControl  

SJS Enterprises, a player in the Indian decorative aesthetics industry backed by PE investor Everstone, has raised INR 240 crore from 18 anchor investors on October 29, ahead of the opening of its IPO. The company has finalised the allocation of 44.3 lakh equity shares to anchor investors, at a price of INR 542 apiece. Investors that participated in the anchor book include Tara Emerging Asia Liquid Fund, Societe Generale, Nomura, Goldman Sachs and Citigroup. Domestic investors included Axis Mutual Fund, Franklin MF, Aditya Birla Sun Life Insurance, Avendus and Edelweiss. Axis Capital, Edelweiss Financial Services, and IIFL Securities are the book running lead managers to the issue.