S J Logistics IPO vs Shanti Spintex IPO

Comparison between S J Logistics IPO and Shanti Spintex IPO.

IPO Details

S J Logistics IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Shanti Spintex IPO is a SME Bookbuilding proposed to list at BSE SME.

	S J Logistics IPO	Shanti Spintex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Ltd.	Hem Securities Ltd.
Registrar	Maashitla Securities Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of S J Logistics IPO is up to ₹45.59 Cr whereas the issue size of the Shanti Spintex IPO is up to ₹29.68 Cr. The final issue price of S J Logistics IPO is ₹125.00 per share and of Shanti Spintex IPO is ₹70.00 per share.

	S J Logistics IPO	Shanti Spintex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹66.00 per share
Issue Price (Upper)	₹125.00 per share	₹70.00 per share
Issue Price (Final)	₹125.00 per share	₹70.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	36,47,000 shares	24,64,000 shares
Fresh Issue Size (Amount)	up to ₹45.59 Cr	up to ₹17.25 Cr
OFS Issue Size	0 shares	17,76,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹12.43 Cr
Issue Size Total	36,47,000 shares	42,40,000 shares
Issue Size Total (Amount)	up to ₹45.59 Cr	up to ₹29.68 Cr

IPO Timetable

S J Logistics IPO opens on Dec 12, 2023, while Shanti Spintex IPO opens on Dec 19, 2023. The closing date of S J Logistics IPO and Shanti Spintex IPO is Dec 14, 2023, and Dec 21, 2023, respectively.

	S J Logistics IPO	Shanti Spintex IPO
Anchor Bid Date	Dec 11, 2023	Dec 18, 2023
Issue Open	Dec 12, 2023	Dec 19, 2023
Issue Close	Dec 14, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 15, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 18, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 18, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 19, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 14, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 14, 2024	Mar 21, 2024

Financials & KPIs

S J Logistics IPO P/E ratio is 14.14, as compared to Shanti Spintex IPO P/E ratio of 9.82.

S J Logistics IPO

Shanti Spintex IPO

Financials

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
Total Income	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

Shanti Spintex Limited Financial Information (Restated)

Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% 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	17,457.31	17,588.33	13,631.33	11,926.82
Total Income	16,237.63	37,071.27	25,526.51	11,293.73
Profit After Tax	523.75	1,012.81	486.59	337.53
Net Worth	6,122.31	5,603.93	4,622.73	4,136.14
Reserves and Surplus	4,702.31	4,893.93	3,912.73	3,426.14
Total Borrowing	3,474.45	4,177.66	4,868.64	4,278.83
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.55

87.49

Promoter Shareholding (Post-Issue)

49.64

73.57

P/E Ratio

14.14

9.82

Market Cap

₹181.04 Cr.

₹118.22 Cr.

ROE

24.41%

19.81%

ROCE

18.58%

10.12%

Debt/Equity

1.08

0.75

EPS

₹8.84

₹7.13

RoNW

24.41%

18.07%

Shares Offered

In the S J Logistics IPO Retail Individual Investors (RII) are offered 12,77,000 shares while in Shanti Spintex IPO retail investors are offered 12,77,000 shares. Qualified Institutional Buyers (QIB) are offered 7,30,000 shares in S J Logistics IPO and 8,48,000 shares in Shanti Spintex IPO.

	S J Logistics IPO	Shanti Spintex IPO
Anchor Investor Reserveration	10,92,000 shares	12,72,000 shares
Market Maker Reserveration	1,93,000 shares	2,24,000 shares
QIB	7,30,000 shares	8,48,000 shares
NII	5,48,000 shares	6,36,000 shares
RII	12,77,000 shares	14,84,000 shares
Employee
Others
Total	36,47,000 shares	42,40,000 shares

Bids Received (Subscription)

S J Logistics IPO subscribed 316.26x in total, whereas Shanti Spintex IPO subscribed 27.38x.

	S J Logistics IPO	Shanti Spintex IPO
QIB (times)	116.16x	14.34x
NII (times)	489.45x	57.28x
Big NII (times)
Small NII (times)
RII (times)	356.33x	22.01x
Employee (times)
Other (times)
Total (times)	316.26x	27.38x

Compare with others

S J Logistics IPO	Shanti Spintex IPO
Electro Force IPO	Siyaram Recycling Industries IPO
Trident Techlabs IPO	Presstonic Engineering IPO
Shree OSFM E-Mobility IPO	S J Logistics IPO
Siyaram Recycling Industries IPO	Accent Microcell IPO
Presstonic Engineering IPO	Marinetrans IPO
Accent Microcell IPO	Graphisads IPO
Marinetrans IPO	AMIC Forging IPO
Shanti Spintex IPO	Net Avenue Technologies IPO
Graphisads IPO	Deepak Chemtex IPO
AMIC Forging IPO	Swashthik Plascon IPO