S J Logistics is poised for its book-built IPO worth Rs 48.00 crores, entirely consisting of 38.4 lakh fresh shares. Opening for subscription on December 12, 2023, and concluding on December 14, 2023, the allotment is set for finalization by Friday, December 15, 2023, with a slated listing on NSE SME tentatively fixed for Tuesday, December 19, 2023.
The IPO offers shares within a price band of Rs. 121 to Rs. 125 per share, with a minimum lot size for applications set at 1000 Shares. Retail investors are required to invest a minimum of Rs. 125,000, while High Net Worth Individuals (HNIs) need to apply for 2 lots (2,000 shares), totaling Rs. 250,000.
Hem Securities Limited serves as the book running lead manager for the S J Logistics IPO, with Maashitla Securities Private Limited handling the role of registrar. Hem Finlease has been appointed as the market maker for this IPO, contributing to the IPO's facilitation and liquidity in the market.
Established in 2003, S J Logistics Limited specializes in the dynamic realm of logistics and supply chain management. The company's array of services encompasses freight forwarding, customs clearance, and adept handling of transportation services. Notably, it holds registration as a Multimodal Transport Operator in accordance with the Multimodal Transportation of Goods Act 1993.
Operating within the cargo segment, S J Logistics extends its services across the global logistics arena through air, sea, and surface transportation modes, ensuring comprehensive solutions for diverse client needs.
In the fiscal year 2023, the company exhibited robust activity, invoicing over 3100 transactions, catering to a wide spectrum of regions spanning African countries, South American countries, Australia, Bangladesh, various European nations, Gulf countries, Southeast Asian countries, Russia, the USA, among others. This extensive operational reach underscores the company's global footprint and its ability to navigate various international markets seamlessly.
S J Logistics (India) Limited is gearing up for its IPO scheduled to be available for subscription from December 12th to December 14th, 2023. Allocation of shares is set for December 15th, 2023, with the IPO slated for listing on the stock exchanges on December 19th.
| IPO Open Date | 12th December 2023 (Tuesday) |
| IPO Close Date | 14th December 2023 (Thursday) |
| Allotment Date | 15th December 2023 (Friday) |
| Initiation of Refunds | 18th December 2023 (Monday) |
| Credit to Demat Account | 18th December 2023 (Monday) |
| Listing Date | 19th December 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 14th December 2023 (Thursday) |
| IPO Date | 12th to 14th December 2023 |
| Listing Date | 19th December 2023 |
| Face Value | Rs. 10 per share |
| Price | Rs. 121 to Rs. 125 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,840,000 shares (aggregating up to Rs. 48.00 Cr) |
| Fresh Issue | 3,840,000 shares (aggregating up to Rs. 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 |
Between the fiscal years ending on March 31, 2023, and March 31, 2022, S J Logistics (India) Limited witnessed a commendable surge in revenue by 29.88%. Simultaneously, its profit after tax (PAT) soared impressively, marking a remarkable growth of 340.23%. This notable performance reflects the company's strong financial trajectory and strategic growth in the specified period.
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 Rs. Lakhs | ||||
What is S J Logistics IPO?
The S J Logistics IPO comprises 3,840,000 equity shares valued at Rs. 10 each, amounting to Rs. 48.00 Crores. Priced between Rs. 121 to Rs. 125 per share, the IPO allows a minimum order of 1000 shares. It is scheduled to open on December 12, 2023, and close on December 14, 2023.
When S J Logistics IPO will open for apply?
The S J Logistics IPO is scheduled to open for application on December 12, 2023.
What are the minimum lot size and investment needed for participating in the S J Logistics IPO?
The S J Logistics IPO mandates a minimum lot size of 1000 shares, necessitating an investment totaling Rs. 1,21,000.
When is S J Logistics IPO allotment date?
The allotment date for the S J Logistics IPO is expected to be finalized on Friday, December 15, 2023.
What is the S J Logistics IPO listing date?
The S J Logistics IPO is anticipated to be listed on the NSE SME platform with a tentative listing date set for Tuesday, December 19, 2023.
What is the price band of S J Logistics IPO?
The price band for the S J Logistics IPO is set between Rs. 121 to Rs. 125 per share.
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