S J Logistics IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 14, 2023Let’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
Their 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:
- 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.[●] Lakh |
| Net Issue to the Public | Up to 36,47,000 Equity Shares aggregating up to Rs.[●] Lakh |
| 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 |
| HEM SECURITIES LIMITED 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 |
| MAASHITLA SECURITIES PRIVATE LIMITED 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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