On April 11, 2026, SJ Corporation Limited announced that it received approval from the Bombay Stock Exchange (BSE) to list 3.5 crore equity shares from its recent preferential issue. This development follows an initial approval granted by BSE on March 10, 2026.
The preferential issue successfully raised ₹42 crore for the company, with shares priced at ₹12 each, which includes a premium of ₹11. The allotment of these shares was completed on March 20, 2026, and they were distributed among both new and existing investors.
SJ Corporation aims to utilize these funds to strengthen its financial position and attract new promoters. The company operates in the Gems & Jewellery and Real Estate sectors, which are critical to its business model.
Despite the positive news regarding the share listing, SJ Corporation has faced challenges in the market. The average daily trading volume of its shares has been zero, indicating a significant liquidity risk. Furthermore, the company’s trailing P/E ratio stands at approximately 123-130x, reflecting investor concerns about its financial health.
Over the past year, SJ Corporation’s shares have seen a 40% increase, but the company’s sales growth has been weak, and its return on equity (ROE) has been negative, highlighting ongoing financial difficulties.
Details remain unconfirmed regarding further conditions that must be met before trading can commence, including necessary approvals from the National Stock Exchange (NSE) and confirmation of share credit and lock-in periods. It remains uncertain how quickly SJ Corporation will fulfill these regulatory requirements.
The impact of the raised funds on the company’s performance is also unclear, as stakeholders await further developments in the trading landscape.
