Bookbuilding IPO | ₹48 Cr | Listed at NSE SME | Tue, Dec 12, 2023 - Thu, Dec 14, 2023
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 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,25,000 (1000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Dec 12, 2023
IPO Close
Thu, Dec 14, 2023
Issue Price
₹125 per share
Market Cap (Pre-IPO)
₹181.04 Cr
| IPO Date | 12 to 14 Dec, 2023 |
| Listed on | Tue, Dec 19, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹125 |
| Issue Price | ₹125 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,40,000 shares (agg. up to ₹48 Cr) |
| Reserved for Market Maker | 1,93,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 36,47,000 shares (agg. up to ₹46 Cr) |
| Net Offered to Public | 36,47,000 shares (agg. up to ₹46 Cr) |
| Share Holding Pre Issue | 1,06,43,130 shares |
| Share Holding Post Issue | 1,44,83,130 shares |
| NSE Symbol | SJLOGISTIC |
| ISIN | INE0F3301020 |
S J Logistics IPO comprises a total issue size of 38,40,000 shares. The net offer to the public is 36,47,000 shares, after excluding 1,93,000 shares allotted on a firm basis. Of the Net offer 18,22,000 (49.96%) are allocated to QIB, 5,48,000 (15.03%) allocated to NII 12,77,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 18,22,000 | 49.96% | 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 | 15.03% | 14.27% |
| Retail Shares Offered | 12,77,000 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,93,000 | 5.03% | |
| Total Shares Offered | 38,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
S J Logistics IPO raises ₹13.65 crore from anchor investors. S J Logistics IPO Anchor bid date is December 11, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 11, 2023 |
| Shares Offered | 10,92,000 |
| Anchor Portion (₹ Cr.) | 13.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jan 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Mar 14, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 105.41 | 81.04 | 50.63 | 50.14 |
| Total Income | 103.39 | 135.01 | 103.95 | 124.03 |
| Profit After Tax | 9.31 | 7.62 | 1.73 | 0.83 |
| NET Worth | 56.41 | 31.20 | ||
| Reserves and Surplus | 45.77 | 28.25 | 13.42 | 11.69 |
| Total Borrowing | 29.52 | 33.56 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 14.50 |
| 2 | To meet working capital requirements; | 16.80 |
| 3 | General Corporate Purpose | 11.47 |
| KPI | |
|---|---|
| ROE | 24.41% |
| ROCE | 18.58% |
| Debt/Equity | 1.08 |
| RoNW | 24.41% |
| PAT Margin | 5.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.84 | |
| P/E (x) | 14.14 | 9.72 |
| Promoter Holding | 67.55% | 49.64% |
| Market Cap | ₹181.04 Cr. |
The S J Logistics IPO is subscribed 316.26 times on December 14, 2023 7:29:00 PM (Day 3). The public issue subscribed 356.33 times in the retail category, 116.16 times in the QIB category, and 489.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 116.16 | 7,30,000 | 8,47,94,000 |
| NII* | 489.45 | 5,48,000 | 26,82,20,000 |
| Retail | 356.33 | 12,77,000 | 45,50,36,000 |
| Total | 316.26 | 25,55,000 | 80,80,50,000 |
Total Application : 4,55,036
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.48 |
| 2 | Fees Payable to Registrar to the Issue | 0.07 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.55 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.17 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees payable to the Underwriter | 0.72 |
| 7 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.09 |
| 8 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, uploading and processing Fees and Miscellaneous Expenses) | 3.13 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹125.00 |
| Open | ₹175.00 |
| Low | ₹166.25 |
| High | ₹183.75 |
| Last Trade | ₹183.75 |
Lead Manager Reports
S J Logistics IPO is a SME IPO of 38,40,000 equity shares of the face value of ₹10 aggregating up to ₹48 Crores. The issue is priced at ₹125 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Dec 12, 2023, and closes on Thu, Dec 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 Tue, Dec 12, 2023 and closes on Thu, Dec 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 Mon, Dec 18, 2023. Check the S J Logistics IPO allotment status.
The S J Logistics IPO listing date is on Tue, Dec 19, 2023.
