The S J Logistics IPO date has been confirmed from December 12, 2023 and close today December 14, 2023.
Using an IPO, S J Logistics is seeking to raise Rs 48.00 crores. Its price band is set at ₹121 to ₹125 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹125,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹250,000.
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Bidding Dates
December 12-14
Price Range
₹121 to ₹125 per share
Face Value
₹10 per share
GMP
₹120
S J Logistics IPO GMP
The S J Logistics Limited IPO GMP is ₹120.
IPO Overview
The S J Logistics IPO is a book-built offering worth Rs 48.00 crores. The issue is wholly new, with 38.4 lakh shares being issued.The S J Logistics IPO will be available for subscription on December 12, 2023 and will conclude today, December 14, 2023. The S J Logistics IPO allotment is expected to be completed on Friday, December 15, 2023. S J Logistics’ initial public offering (IPO) will be listed on the NSE SME on Tuesday, December 19, 2023. The pricing range for S J Logistics’ IPO is set at 121 to 125 per share. A lot size of 1000 shares is required for an application. Retail investors must make a minimum commitment of $100,000. The minimum lot size for HNI is two lots (2,000 shares) amounting to ₹250,000.
S J Logistics efficiently processed over 3,100 bills of lading in fiscal year 2023, reaching varied destinations such as Africa, South America, Australia, Bangladesh, European countries, Gulf countries, Southeast Asian countries, Russia, and the United States of America.
S J Logistics IPO Details
| IPO Date | December 12, 2023 to December 14, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹125 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,840,000 shares (aggregating up to ₹48.00 Cr) |
| Fresh Issue | 3,840,000 shares (aggregating up to ₹48.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,643,130 |
| Share holding post issue | 14,483,130 |
| Market Maker portion | 193,000 shares |
S J Logistics Financial Performance
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 10,541.07 | 8,104.32 | 5,062.51 | 5,013.55 |
| Revenue | 10,338.56 | 13,500.99 | 10,395.18 | 12,402.88 |
| Profit After Tax | 931.07 | 761.56 | 172.99 | 82.99 |
| Net Worth | 5,640.93 | 3,120.32 | ||
| Reserves and Surplus | 4,576.62 | 2,825.15 | 1,342.14 | 1,169.15 |
| Total Borrowing | 2,952.40 | 3,356.00 |
S J Logistics IPO Dates & Listing Performance
| IPO Open Date | Tuesday, December 12, 2023 |
| IPO Close Date | Thursday, December 14, 2023 |
| Basis of Allotment | Friday, December 15, 2023 |
| Initiation of Refunds | Monday, December 18, 2023 |
| Credit of Shares to Demat | Monday, December 18, 2023 |
| Listing Date | Tuesday, December 19, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 14, 2023 |
Company Profile
S J Logistics (India) Limited, founded in 2003, provides logistics and supply chain solutions and services. Companies in the yarn and textiles, vehicle, heavy engineering, power transmission, rubber tapes, medicines, carpets, handicrafts and iron and steel products sectors use the company’s freight forwarding, customs clearance and transportation handling services. The company is situated in Thane, Mumbai, and has a network of partners and vendors to satisfy the needs of consumers in India and around the world. S J Logistics is made up of two subsidiaries: SJA
Logisol India Private Limited (SJALIPL) and S. J. L. Group (Singapore) Pte. Ltd.
Registrar Info
| Name | MAASHITLA SECURITIES PRIVATE LIMITED |
| Phone number | 011-45121795 |
| Email ID | ipo@maashitla.com |
| Website | maashitla.com |
Contact Details
| Name | S J LOGISTICS (INDIA) LIMITED |
| Phone number | +91-22-61982800 |
| Email ID | cs@sjagroup.co.in |
| Website | sjlogistics.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
