S J Logistics IPO is a book built issue of Rs 48.00 crores. The issue is entirely a fresh issue of 38.4 lakh shares.
S J Logistics IPO opens for subscription on December 12, 2023 and closes on December 14, 2023. The allotment for the S J Logistics IPO is expected to be finalized on Friday, December 15, 2023. S J Logistics IPO will list on NSE SME with tentative listing date fixed as Tuesday, December 19, 2023.
S J Logistics IPO 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.
Hem Securities Limited is the book running lead manager of the S J Logistics IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for S J Logistics IPO is Hem Finlease.
Refer to S J Logistics IPO RHP for detailed information.
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 Hem Finlease |
S J Logistics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 |
S J Logistics IPO Timeline (Tentative Schedule)
S J Logistics IPO opens on December 12, 2023, and closes on December 14, 2023.
| 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 |
S J Logistics IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹125,000 |
| Retail (Max) | 1 | 1000 | ₹125,000 |
| HNI (Min) | 2 | 2,000 | ₹250,000 |
| Lot Size Calculator |
S J Logistics IPO Promoter Holding
The Promoter of the company is Rajen Hasmukhlal Shah.
| Share Holding Pre Issue | 67.55% |
| Share Holding Post Issue | 49.64% |
About S J Logistics (India) Limited
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
S J Logistics (India) Limited Financial Information (Restated Consolidated)
S J Logistics (India) Limited’s revenue increased by 29.88% and profit after tax (PAT) rose by 340.23% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 14.14 |
| ROE | 24.41% |
| ROCE | 18.58% |
| Debt/Equity | 1.08 |
| EPS (Rs) | 8.84 |
| RoNW | 24.41% |
Check S J Logistics IPO Peer Comparison here.
Objects of the Issue (S J Logistics IPO Objectives)
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 Contact Details
S J Logistics (India) Limited
901/902/903, Centrum
Opposite Raila Devi Lake,
Wagle Estate, Thane (West)-400604,
Phone: +91 022 61982800
Email: cs@sjagroup.co.in
Website: https://www.sjlogistics.co.in/
S J Logistics IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: mukul@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues