S J Logistics IPO: S J Logistics India Limited IPO Details

S J Logistics IPO: In the ever-evolving landscape of financial markets, Initial Public Offerings (IPOs) continue to be an exciting avenue for investors looking to participate in the growth stories of emerging companies. One such opportunity is the S J Logistics Limited IPO, which is generating buzz in the investment community. In this blog, we will delve into the details of this IPO, providing you with a comprehensive overview to help you make an informed investment decision.

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About S J Logistics Limited

S J Logistics (India) Limited, incorporated in December 2003, is a company that specializes in providing logistics and supply chain solutions to its clients. The company has steadily grown over the years, establishing a strong presence in the industry. Its services encompass freight forwarding, customs clearance, and transportation handling services. With a diverse customer base and a wide range of logistics solutions, S J Logistics has positioned itself as a reliable player in the logistics sector.

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S J Logistics Limited IPO Details

The S J Logistics IPO is set to hit the market on December 12, 2023, and will close for subscription on December 14, 2023. The basis of allotment is scheduled for December 15, 2023, with the listing date fixed for December 19, 2023. Here are some key details of the IPO:

  • IPO Name: S J Logistics IPO
  • IPO Date: December 12, 2023, to December 14, 2023
  • Basis of Allotment: December 15, 2023
  • Listing Date: December 19, 2023
  • 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)
  • Issue Type: Book Built Issue IPO
  • Listing At: NSE SME
  • Shareholding Pre Issue: 10,643,130
  • Shareholding Post Issue: 14,483,130
  • Market Maker Portion: 193,000 shares

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S J Logistics IPO Reservation

The allocation of shares for the S J Logistics IPO is as follows:

  • QIB Shares Offered: Not more than 50% of the Net Issue
  • Retail Shares Offered: Not less than 35% of the Net Issue
  • NII (HNI) Shares Offered: Not less than 15% of the Net Issue

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S J Logistics IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. Here’s a breakdown of the minimum and maximum investment requirements for retail investors and HNIs:

  • Retail (Min): 1 Lot (1000 shares) – ₹125,000
  • Retail (Max): 1 Lot (1000 shares) – ₹125,000
  • HNI (Min): 2 Lots (2000 shares) – ₹250,000

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S J Logistics Promoter Holding

The Promoter of S J Logistics is Mr. Rajen Hasmukhlal Shah. The shareholding pre-issue stands at 67.55%, and post-issue, it will be reduced to 49.64%.

S J Logistics IPO Objectives

The net proceeds from the IPO are proposed to be used for the following purposes:

  1. Repayment and/or pre-payment, in whole or part, of certain borrowings availed by the Company.
  2. Meeting working capital requirements.
  3. General corporate purposes.

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S J Logistics Financial Performance

S J Logistics (India) Limited has demonstrated robust financial performance, with a revenue increase of 29.88% and a staggering 340.23% rise in profit after tax (PAT) between the financial years ending on March 31, 2023, and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax931.07761.56172.9982.99
Net Worth5,640.933,120.32
Reserves and Surplus4,576.622,825.151,342.141,169.15
Total Borrowing2,952.403,356.00
Amount in ₹ Lakhs
Financial Data

Financial Data

S J Logistics Limited Competitive Strengths

The company boasts several competitive strengths that position it favorably in the market:

  • Long-standing business and track record.
  • Strong relationships with a diverse customer base.
  • A wide range of logistics services and solutions.
  • An existing agency network and arrangements.

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S J Logistics Key Performance Indicators

Here are some key performance indicators that potential investors may find valuable:

  • P/E (Price-to-Earnings ratio): 14.14
  • ROE (Return on Equity): 24.41%
  • ROCE (Return on Capital Employed): 18.58%
  • Debt/Equity: 1.08
  • EPS (Earnings per Share): ₹8.84
  • RoNW (Return on Net Worth): 24.41%

S J Logistics IPO Registrar

The registrar for the S J Logistics IPO is Maashitla Securities Private Limited. You can contact them via phone at +91-11-45121795-96 or email at [email protected]. For more information, visit their website at Maashitla Securities.

S J Logistics IPO Lead Manager(s)

Hem Securities Limited is the lead manager for the S J Logistics IPO.

S J Logistics IPO

S J Logistics IPO Timeline (Tentative Schedule)

  • 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

The S J Logistics Limited IPO presents an opportunity to invest in a company with a strong foothold in the logistics and supply chain industry. As with any investment, it’s crucial to conduct thorough research, assess your risk tolerance, and consult with financial experts if needed before making any investment decisions.

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