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HDFC Mutual Fund Acquires 1.1 Million Cyient Shares Valued at Rs. 204 Crores

HDFC Mutual Fund Acquires 1.1 Million Cyient Shares Valued at Rs. 204 Crores
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SJS Enterprises IPO in progress: Should you subscribe to the share sale?

The initial public offer (IPO) of decorative aesthetics supplier SJS Enterprises is in progress. The share sale opened today and will close on November 3. The price band for the offer has been fixed at Rs 531- Rs 542 per equity share.

The issue is entirely an offer for sale (OFS) issue by promoters. Evergraph Holdings Pte Ltd will sell Rs 710 crore worth of shares and K A Joseph will sell Rs 90 crore worth of shares via the OFS. Since the issue is entirely an OFS, the firm will not receive any proceeds from the issue.

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