S J Logistics (India) Limited IPO Detail
Incorporated in December 2003, S J Logistics (India) Limited provides logistics and supply chain solutions to its customers. The company provides freight forwarding, customs clearance, and transportation handling services.
In fiscal year 2023, the company processed 3,100 bills of lading to various countries, including Africa, South America, Australia, Europe, the Gulf, Southeast Asia, Russia, and the United States. S J Logistics also established cooperative agreements with partners in Ecuador, Brazil, Chile, Peru, the United States, Paraguay, Bolivia, Hong Kong, China, Taiwan, Vietnam, and others for logistics and freight forwarding. The company has two subsidiary companies: SJA Logisol India Private Limited (SJALIPL) and S. J. L. Group (Singapore) Pte. Ltd.
The competitive strengths of the company are-
- Long-standing business and track record
- Strong relationship with the diverse customer base
- Wide range of logistics services and solutions.
- Existing agency network and arrangements
Company Promoters
Rajen Hasmukhlal ShahIPO Details
| IPO Opening Date | Dec 12, 2023 |
| IPO Closing Date | Dec 14, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 - 125 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹48.00 Cr |
| Fresh Issue | ₹48.00 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 4.08x | - | - | 21.97x | 36.76x | 24.25x |
| Day 2 | 4.71x | - | - | 49.57x | 101.39x | 62.65x |
| Day 3 | 116.16x | - | - | 489.45x | 356.33x | 316.26x |
IPO Tentative Timetable
The S J Logistics (India) Limited IPO open date is Dec 12, 2023, and the close date is Dec 14, 2023. The issue may list on Dec 19, 2023.
| IPO Open Date | Dec 12, 2023 |
| IPO Close Date | Dec 14, 2023 |
| Basis of Allotment Date | Dec 15, 2023 |
| Initiation of Refunds | Dec 18, 2023 |
| Credit of Shares to Demat Account | Dec 18, 2023 |
| IPO Listing Date | Dec 19, 2023 |
IPO Lot Size
The S J Logistics (India) Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹125000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹125000 |
| Maximum | 1 | 1000 | ₹125000 |
IPO Promoter Holding
| Pre Issue Share Holding | 67.55% |
| Post Issue Share Holding | 49.64% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5013.55 | 12402.88 | 82.99 |
| 31-Mar-22 | 5062.51 | 10395.18 | 172.99 |
| 31-Mar-23 | 8104.32 | 13500.99 | 761.56 |
Objects of the Issue:
The Net Proceeds are proposed to be used by the details below:
- Repayment and/or pre-payment, in whole or part, of certain borrowings availed by the Company.
- To meet working capital requirements
- General Corporate Purpose.
S J Logistics (India) Limited IPO Registrar:
Maashitla Securities Pvt. Limited
S J Logistics (India) Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
S J Logistics (India) Limited
901/902/903, Centrum
Opposite Raila Devi Lake,
Wagle Estate, Thane (West)-400604,
