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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 bidding started from December 12, 2023 and ended on December 14, 2023. The allotment for S J Logistics IPO was finalized on Friday, December 15, 2023. The shares got listed on NSE SME on 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.
| IPO Date | December 12, 2023 to December 14, 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) |
| 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 offers 3,840,000 shares. 730,000 (19.01%) to QIB, 548,000 (14.27%) to NII, 1,277,000 (33.26%) to RII and 1,092,000 (28.44%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,092,000 (28.44%) |
| Market Maker Shares Offered | 193,000 (5.03%) |
| QIB Shares Offered | 730,000 (19.01%) |
| NII (HNI) Shares Offered | 548,000 (14.27%) |
| Retail Shares Offered | 1,277,000 (33.26%) |
| Total Shares Offered | 3,840,000 (100%) |
S J Logistics IPO raises Rs 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 | 1,092,000 |
| 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 | 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 |
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 | |||
The Promoter of the company is Rajen Hasmukhlal Shah.
| Share Holding Pre Issue | 67.55% |
| Share Holding Post Issue | 49.64% |
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 |
| 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 | ||||
The market capitalization of S J Logistics IPO is Rs 181.04 Cr.
| KPI | Values |
|---|---|
| ROE | 24.41% |
| ROCE | 18.58% |
| Debt/Equity | 1.08 |
| RoNW | 24.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.84 | |
| P/E (x) | 14.14 | 9.72 |
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...
The S J Logistics IPO is subscribed 316.26 times on December 14, 2023 7:29:00 PM. 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) |
|---|---|
| QIB | 116.16 |
| NII | 489.45 |
| Retail | 356.33 |
| Total | 316.26 |
Total Application : 455,036 (356.33 times)
| Listing Date | December 19, 2023 |
| BSE Script Code | |
| NSE Symbol | SJLOGISTIC |
| ISIN | INE0F3301020 |
| Final Issue Price | ₹125 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹125.00 |
| ₹175.00 |
| ₹166.25 |
| ₹183.75 |
| ₹183.75 |
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/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: mukul@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Check our SME IPO Guide 
S J Logistics IPO is a SME IPO of 3,840,000 equity shares of the face value of ₹10 aggregating up to ₹48.00 Crores. The issue is priced at ₹121 to ₹125 per share. The minimum order quantity is 1000 Shares.
The IPO opens on December 12, 2023, and closes on December 14, 2023.
Maashitla Securities Private Limited 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 Shares, and the minimum amount required is ₹125,000.
You can apply in S J Logistics IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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