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Let’s have a detailed review of the company and analytics of the S J Logistics IPO release date, IPO offer price, subscription, S J Logistics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 121 to Rs 125
Listing At NSE, SME
Min. Order Quantity 1000 Shares
Listing Date December 19, 2023
Offer for Sale Rs Lakh
Fresh Issue Rs 4800 Lakh
IPO Size Rs 4800 Lakh
Tick Size 1

S J Logistics IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – S J Logistics Share Price

S J Logistics IPO – Summary

S J Logistics IPOTheir Company is engaged in the business of providing logistics and supply chain solutions to their customers.

Their key services include freight forwarding, customs clearance and transportation handling services. They are a Multimodal Transport Operator registered under the Multimodal Transportation of Goods Act 1993 to carry on the business of multimodal transportation.

The Promoter of this company is Rajen Hasmukhlal Shah. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is MAASHITLA SECURITIES PRIVATE LIMITED.

S J Logistics IPO Date

The opening and closing dates of S J Logistics IPO are December 12, 2023, and December 14, 2023, respectively.

S J Logistics IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 12th Dec 4.08x 22.06x 37.34x 24.56x
2nd Day – 13th Dec 4.71x 49.63x 101.79x 62.87x
3rd Day – 14th Dec 4.72x 61.87x 131.06x 80.12x
Shares Offered or Net Issue 730,000 548,000 1,277,000 3,840,000

The shares subscribed by the public will be updated here.

S J Logistics IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

S J Logistics Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization December 15, 2023
Refunds Initiation December 18, 2023
Credit of Shares to Demat Account December 18, 2023
Share Listing Date December 19, 2023

S J Logistics IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs 121 to Rs 125 

S J Logistics IPO Equity Size

This Initial Public Issue of 3,840,000 Equity Shares of Rs.10 each for cash at a price of Rs 121 to Rs 125 per equity share aggregating to Rs.4800 Lakh.

S J Logistics IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,840,000 Equity Shares of Rs.10/ each.

Issue Size: 3,840,000 Equity Shares of Rs.10 each, aggregating to Rs.4800 Lakh

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    S J Logistics IPO – Live Performance

    The listing date of this IPO is December 19, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – S J Logistics Share Price

    S J Logistics IPO Grey Market Premium

    The S J Logistics Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    S J Logistics IPO – Company Overview

    They started the business as a proprietorship concern in the year 2000 under the leadership of their Promoter Rajen Hasmukhlal Shah.

    Later, during the year 2003, considering the market demand and business opportunity in the logistics and freight forwarding business, their promoter incorporated and carried on the business of freight forwarding under the name and style of “SJ Logistics (India) Private Limited” and since then, they have grown their presence, expanded the scope of their services, and increased their capabilities in the business of freight forwarding.

    They have over the years developed and increased the ambit of their services covering services which include multimodal transportation, regulatory compliance like custom clearance and other related services. They are also engaged in handling project cargo, which requires detailed planning and technical experience

    S J Logistics IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    30-Sep-23 31-Mar-23 Mar-22 31-Mar-21
    Total Assets 10541.07 8104.31 5027.11 4940.75
    *Total Revenue 10338.56 13500.99 10531.18 12402.88
    Total Expense 9175.92 12547.85 10274.77 12285.93
    Profit After Tax 931.07 761.56 188.37 86.32

    Earnings per Equity Share (in Lakh)

    30-Sep-23 31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted 9.62 8.84 2.83 1.30

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 761.56 Lakh, Rs. 188.37 Lakh and Rs. 86.32 Lakh respectively.

    S J Logistics IPO – Promoters

    The Promoter of this company is:

    1. Rajen Hasmukhlal Shah

    List of Related Parties (Key Managerial Personnel)

    • Rajen Hasmukhlal Shah, Chairman & Managing Director
    • Jeet Rajen Shah, Whole Time Director & CFO
    • Kulshekhar Kumar, Whole Time Director
    • Mandar Kamlakar Patil, Independent Director

    S J Logistics IPO – Promoters Holding

    • Pre-Issue Share Holding – 67.55%
    • Post-Issue Share Holding – 49.64%

    S J Logistics IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 38,40,000 Equity Shares aggregating up to Rs.4800 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 1,93,000 Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to 36,47,000 Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than 12,77,000 Equity Shares
    Other than Retail Individual Investors Not more than 5,48,000 Equity Shares
     Equity Shares outstanding prior to the Issue 1,06,43,130 Equity Shares
     Equity Shares outstanding after the Issue 1,44,83,130 Equity Shares

    S J Logistics IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    • Repayment and/or pre-payment, in full or part, of certain borrowings availed by their Company
    • To meet working capital requirements;
    • General Corporate Purpose

    S J Logistics IPO – Business Strategy

    • Focus towards the development of warehousing facilities
    • Strengthen existing services
    • Identifying new customers and increasing business with existing customers
    • Increasing their presence and expanding their network

    S J Logistics IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Focus towards the development of warehousing facilities
    • Strengthen existing services
    • Identifying new customers and increasing business with existing customers
    • Increasing their presence and expanding their network

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 8.84 24.41% 36.22
    31-Mar-22 2.83 12.26% 23.07
    Mar-21 1.30 6.40% 20.24

    S J Logistics IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    S J Logistics Limited 10 [●] 8.84 24.41% 13500.99
    Listed Peers
    Cargotrans Maritime Limited 10 16.64 5.74 18.45% 7440.44
    Patel Integrated Logistics Limited 10 14.07 1.13 4.16% 28028.52
    Tiger Logistics (India) Limited 10 18.12 21.94 23.78% 44014.45
    Total Transport Systems Limited 10 78.70 3.47 6.75% 59070.38

    S J Logistics IPO Lead Managers

    Lead Managers
    Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road,
    Lower Parel, Mumbai-400013, Maharashtra, India
    Tel. No.: +91- 22- 49060000;
    Email: ib@hemsecurities.com
    Investor Grievance Email: redressal@hemsecurities.com
    Website: www.hemsecurities.com
    Contact Person: Sourabh Garg
    SEBI Regn. No. INM000010981
    CIN: U67120RJ1995PLC010390

    S J Logistics IPO Registrar to offer

    Registrar to the Offer
    Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura,
    New Delhi, 110034, India.
    Tel No: +91-11-45121795
    Email: ipo@maashitla.com
    Website: www.maashitla.com
    Contact Person: Mukul Agrawal
    SEBI Registration No.: INR000004370
    CIN: U67100DL2010PTC208725

    S J Logistics IPO – Other Details

    • Statutory Auditor – M/s. A. A. Mohare & Co.
    • Legal Counsel to the Company – Mindspright Legal
    • Bankers to the Company – Federal Bank Limited

    S J Logistics IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      S J Logistics Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      S J Logistics IPO Review FAQs

      Check out various FAQs related to S J Logistics IPO:

      What is the Issue Size of S J Logistic IPO?

      The Company is making an initial public offer of 3,840,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of S J Logistic IPO?

      The price band for this particular IPO ranges between Rs 121 to Rs 125. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the S J Logistic IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on December 12, 2023, while the closing date is set at December 14, 2023.

      What is the S J Logistic IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 15, 2023, refund initiation is on December 18, 2023, credit of shares is on December 18, 2023, and share listing date is on December 19, 2023.

      What is the S J Logistics IPO Listing Date?

      Shares of this company shall be listed in the exchanges on December 19, 2023. The date, when the listing would be done, is stagnant on December 19, 2023.

      Who is the Registrar of S J Logistic IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. MAASHITLA SECURITIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of S J Logistic IPO?

      Here are the promoters of this IPO – Rajen Hasmukhlal Shah. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of S J Logistic IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is S J Logistics IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of S J Logistics Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 761.56, 2022 is 188.37, and 2021 is 86.32. PAT from Sep 2023 is 931.07.

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