IPO: The IPO of SJS Enterprises Ltd. and Sigachi Industries Ltd. will open for subscription on November 1 and close on November 3. SJS Enterprises hopes to raise Rs 800 crore through this IPO. This company wants to be listed in the market by November 15.
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SJS Enterprises
SJS Enterprises wants to raise Rs 800 crore through IPO. Its shares will be sold entirely under the Offer for Sale (OFS). This includes shares worth Rs 688 crore by Evergraph Holdings Pte and Rs 112 crore by K. a. Will be sold by Joseph. Evergraph Holdings and K. a. Joseph holds 77.86% and 20.74% respectively in the firm. Axis Capital, Edelweiss Financial Services and IIFL Securities are the book lead managers to the issue. It is a leading company in the Indian Decorative Aesthetics Industry. The company had filed its preliminary papers for the IPO in July.
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Sigachi Industries
Sigachi Industries Company wants to be listed in the market by November 11. About 77 lakh new shares will be issued under this IPO. The Hyderabad-based firm manufactures Microcrystalline Cellulose (MCC), a widely used polymer in the pharmaceutical industry for ready-made supplements.
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