SJS Enterprises IPO - Listing Day Performance

SJS Enterprises had a flat listing on 15th November at the issue price of Rs.542 but closed the day well below the issue price. While the stock did show a bounce during the day, it closed near to its intraday low levels.

With moderate subscription of 1.59X and limited trading interest in the GMP market, the listing was expected to be moderate to weak.

Here is the SJS Enterprises listing story on 15-Nov.

The IPO price was fixed at the upper end of the band at Rs.542 despite just a 1.59X subscription. The price band for the SJS Enterprises IPO was Rs.531 to Rs.542.

On 15th Nov, the stock of SJS Enterprises listed on the NSE at a price of Rs.542, exactly at the IPO issue price. On the BSE, the stock listed at Rs.540 a minor discount of -0.37% on the issue price.

On the NSE, SJS Enterprises closed on 15-Nov at a price of Rs.510, a first day closing discount of -5.90% on the issue price.

Check - SJS Enterprises Ltd IPO - Subscription Day 3

On the BSE, the stock closed at Rs.509.85, a first day closing discount of -5.93% on the issue price. On both the exchanges, the stock listed around the IPO issue price but closed Day-1 well below the listing price.

On Day-1 of listing, SJS Enterprises touched a high of Rs.551 on the NSE and a low of Rs.505.60. The closing was near to the low of the day.

On Day-1 of listing, the SJS Enterprises stock traded a total of 54.44 lakh shares on NSE amounting to value of Rs.289.09 crore. It did not feature among the top trades on value or on volumes on the NSE.

On the BSE, SJS Enterprises stock touched a high of Rs.551 and a low of Rs.505.50. On BSE, the stock traded a total of 2.25 lakh shares amounting to value of Rs.11.90 crore. It was not among the most active shares on the BSE.

At the close of Day-1 of listing, SJS Enterprises had a market capitalization of Rs.1,551.88 crore with free-float market cap of Rs.527.64 crore.

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