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S J Logistics IPO is a book build issue of ₹48.00 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹48.00 crore.
S J Logistics IPO bidding started from Dec 12, 2023 and ended on Dec 14, 2023. The allotment for S J Logistics IPO was finalized on Dec 15, 2023. The shares got listed on NSE SME on Dec 19, 2023.
S J Logistics IPO price band is set at ₹125.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,21,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,50,000.
Hem Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to S J Logistics IPO RHP for detailed Information.
| IPO Date | December 12, 2023 to December 14, 2023 |
| Listing Date | December 19, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹121 to ₹125 per share |
| Issue Price Final | ₹125 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,40,000 shares (aggregating up to ₹48.00 Cr) |
| Reserved for Market Maker | 1,93,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹2.41 Cr) |
| Net Offered to Public | 36,47,000 shares (aggregating up to ₹45.59 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,06,43,130 shares |
| Share Holding Post Issue | 1,44,83,130 shares |
S J Logistics IPO offers total 38,40,000 shares. Out of which 18,22,000 (47.45%) allocated to QIB, 7,30,000 (19.01%) allocated to QIB, 5,48,000 (14.27%) allocated to NII, 12,77,000 (33.26%) allocated to RII and 10,92,000 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,93,000 (5.03%) |
| QIB Shares Offered | 18,22,000 (47.45%) |
| − Anchor Investor Shares Offered | 10,92,000 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 7,30,000 (19.01%) |
| NII (HNI) Shares Offered | 5,48,000 (14.27%) |
| Retail Shares Offered | 12,77,000 (33.26%) |
| Total Shares Offered | 38,40,000 (100.00%) |
S J Logistics IPO raises ₹13.65 crore from anchor investors. S J Logistics IPO Anchor bid date is December 11, 2023. S J Logistics IPO Anchor Investors list
| Bid Date | December 11, 2023 |
| Shares Offered | 10,92,000 |
| Anchor Portion Size (In Cr.) | 13.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 14, 2024 |
S J Logistics IPO opens on December 12, 2023, and closes on December 14, 2023.
| IPO Open Date | Tue, Dec 12, 2023 |
| IPO Close Date | Thu, Dec 14, 2023 |
| Tentative Allotment | Fri, Dec 15, 2023 |
| Initiation of Refunds | Mon, Dec 18, 2023 |
| Credit of Shares to Demat | Mon, Dec 18, 2023 |
| Tentative Listing Date | Tue, Dec 19, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 14, 2023 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,25,000 |
| Retail (Max) | 1 | 1,000 | ₹1,25,000 |
| HNI (Min) | 2 | 2,000 | ₹2,50,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2003, S J Logistics (India) Limited provides logistics and supply chain solutions and services.
The company provides freight forwarding, customs clearance and transportation handling services to companies in the yarn and textiles, automobile, heavy engineering, power transmission, rubber tapes, pharmaceuticals, carpets, handicrafts and iron and steel products sectors.
The company is based in Thane, Mumbai and has a network of partners and vendors to meet the requirements of customers across India and abroad.
S J Logistics has two subsidiaries, namely SJA Logisol India Private Limited (SJALIPL) and S. J. L. Group (Singapore) Pte. Ltd.
SJA Logisol India Private Limited provides transportation and logistics services. S. J. L. Group (Singapore) provides freight forwarding, packing and crating services.
The company recorded total income from operations of Rs. 13431.17 lacs, Rs. 10362.43 lacs and Rs. 12392.64 lacs for the financial years 2023, 2022 and 2021 respectively.
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 | ||||
The market capitalization of S J Logistics IPO is ₹181.04 Cr.
| KPI | Values |
|---|---|
| ROE | 24.41% |
| ROCE | 18.58% |
| Debt/Equity | 1.08 |
| RoNW | 24.41% |
The Net Proceeds are proposed to be used by the details below:
[Dilip Davda] The company is in providing services related to logistics and supply chain solutions. It marked inconsistency in its top lines for the reported periods, but marked sudden boost in its bottom lines from FY23 onwards. Based on super annualized FY24 earnings, the issue appears reasonably priced. Well-informed investors may park funds for long-term rewards. Read detail review...
| Listing Date | December 19, 2023 |
| BSE Script Code | |
| NSE Symbol | SJLOGISTIC |
| ISIN | INE0F3301020 |
| Final Issue Price | ₹125 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹125.00 |
| Open | ₹175.00 |
| Low | ₹166.25 |
| High | ₹183.75 |
| Last Trade | ₹183.75 |
S J Logistics (India) Ltd.
901/902/903, Centrum
Opposite Raila Devi Lake,
Wagle Estate,
Thane, Maharashtra, 400604
Phone: +91 022 61982800
Email: cs@sjagroup.co.in
Website: https://www.sjlogistics.co.in/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: mukul@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
S J Logistics IPO is a SME IPO of 38,40,000 equity shares of the face value of ₹10 aggregating up to ₹48.00 Crores. The issue is priced at ₹125 per share. The minimum order quantity is 1000.
The IPO opens on December 12, 2023, and closes on December 14, 2023.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in S J Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in S J Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S J Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S J Logistics IPO opens on December 12, 2023 and closes on December 14, 2023.
S J Logistics IPO lot size is 1000, and the minimum amount required for application is ₹1,25,000.
You can apply in S J Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for S J Logistics IPO will be done on Friday, December 15, 2023, and the allotted shares will be credited to your demat account by Monday, December 18, 2023. Check the S J Logistics IPO allotment status.
The S J Logistics IPO listing date is on Tuesday, December 19, 2023.
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