S J Logistics (INDIA) is set to launch an IPO which will open on December 12, 2023, and close on December 14, 2023. Through this public offer company wants to raise Rs. 48 Crore from the primary market, The Company fixed the price band of Rs. 121-125 with a minimum lot of 1000 shares and listed on December 19, according to the preliminary papers filed to the capital market regulator SEBI.
About S J Logistics (INDIA) Company
S J Logistics (INDIA) is engaged in the business of providing logistics and supply chain solutions including Freight forwarding, customs clearance, and transportation handling services.
S J Logistics (INDIA) IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Repayment or prepayment in full/part of certain borrowing availed by the company
- Working capital requirement
- General Corporate and issue-related expenses Purposes
Suraj Estate Developer’s Strength
- Long-standing business and track record
- Strong relationship with a diverse customer base
- Wide range of logistics services and solutions
- Strong knowledge and expertise of company promoters
S J Logistics (INDIA) IPO Review & Rating
| Issue Size (Rs.) | 48 crore |
| Issue Price (Rs.) | 121-125 per share |
| Minimum Lot Size | 1000 shares |
| Total Profit (March 2023) (Rs.) | 7.61 crore |
| P/E (%) | 14.14 |
| NAV (Rs.) | 20.24 |
| Listing on | NSE Emerge |
| IPO Deliver Rating | Two |
S J Logistics (INDIA) IPO Dates, Price Band & Details
S J Logistics (INDIA) IPO will open on December 12, 2023, and close on December 14, 2023. The IPO list on December 19, 2023.
| Type of issue | Book Built Issue IPO |
| Issue Size (Rs.) | 48 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | December 12, 2023 |
| IPO Close Date | December 14, 2023 |
| IPO Allotment Date | December 15, 2023 |
| Refund Date | December 18, 2023 |
| Share Credit Date | December 18, 2023 |
| Listing Date | December 19, 2023 |
S J Logistics (INDIA) IPO Offer
S J Logistics (INDIA) IPO’s total issue size is 38,40,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 38,40,000 | 48 Crore |
| Offer for Sale (OFS) | – | – |
S J Logistics (INDIA) Financials Review (lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 13431.17 | 10362.43 | 12392.64 |
| Net Worth | 3120.32 | 1536.49 | 1348.12 |
| Profit | 761.56 | 188.37 | 86.32 |
| Borrowings | – | – | – |
S J Logistics (INDIA) IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 8.84 | 2.83 | 1.30 |
| RoNW (%) | 24.41 | 12.26 | 6.40 |
| NAV (Rs.) | 20.24 | 23.07 | 36.22 |
S J Logistics (INDIA) IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of the business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Cargotrans Maritime | 8.84 | 18.45 | 31.14 |
| Patel Integrated | 5.74 | 4.16 | 17.82 |
S J Logistics (INDIA) Company Promoters
As per the DRHP and RHP, the company has one promoter.
| Serial No. | Name |
| 01. | Rajen Hasmukhlal Shah |
S J Logistics (INDIA) Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 67.55 |
| Post- Issue | 49.64 |
S J Logistics (INDIA) IPO Reservation
S J Logistics (INDIA) IPO total reservation shares are distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB Share Offered | Not more than 50% of the issue size |
| RII Share Offered | Not less than 35% of the issue size |
| NII Share Offered | Not less than 15% of the issue size |
S J Logistics (INDIA) IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1000 Shares and a maximum of 1 lot of 1000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 1000 | 1,25,000 |
| Retail Maximum | 01 | 1000 | 1,25,000 |
S J Logistics (INDIA) IPO – Prospectus
An investor can download/view the S J Logistics (INDIA) prospectus copy, which the company filed to SEBI, details are as follows.
| S J Logistics (INDIA) IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
S J Logistics (INDIA) IPO Registrar
MaaShitla Securities Private Limited
Tel No.: +91-011-45121795
E-Mail: mukul@maashitla.com
Website: www.maashitla.com
S J Logistics (INDIA) IPO lead manager
HEM Securities Limited
Tel No.: +91-22 49060000
E-Mail: ib@hemsecurities.com
Website: www.hemsecurities.com
S J Logistics (INDIA) IPO Application (How to Apply for an IPO)
There are four primary options for applying for an S J Logistics (INDIA) IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “S J Logistics (INDIA) Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “S J Logistics (INDIA) Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
S J Logistics (INDIA) Company Details
S J Logistics (INDIA) Limited
Registered Office: 901-903, Centrum Opposite Raila Devi Lake, Wagle Estate, Thane West- 400604, Maharashtra
Tel. No: +91-02261982800
Email: cs@sjagroup.co.in
Website: www.sjlogistics.co.in
Investor Grievances/Compliance Officer: Dinky Jain
S J Logistics (INDIA) Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | SJA Logisol India Private Limited |
| 02. | – |
S J Logistics (INDIA) Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Rajen Hasmukhlal Shah |
| 02. | Jeet Rajen Shah |
S J Logistics (INDIA) IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is S J Logistics (INDIA) IPO?
Ans: S J Logistics (INDIA) brings its IPO of Rs. 48 crores, on December 12, 2023, with a price band of Rs. 121-125 per share.
Q-2 What is the S J Logistics (INDIA) IPO Open date?
Ans: S J Logistics (INDIA) IPO’s opening date is December 12, 2023.
Q-3 What is S J Logistics (INDIA) IPO Close Date?
Ans: S J Logistics (INDIA) IPO’s closing date is December 14, 2023.
Q-4 What is the S J Logistics (INDIA) IPO Listing date?
Ans: S J Logistics (INDIA) IPO listing date is December 19, 2023.
Q-5 What is S J Logistics (INDIA) IPO Minimum investment amount?
Ans: S J Logistics (INDIA) IPO minimum investment amount is Rs. 1,25,000.
Q-6 What is the S J Logistics (INDIA) IPO offer issue Size?
Ans: S J Logistics (INDIA) offers an issue size of Rs. 48 crores.
Q-7 What is the S J Logistics (INDIA) IPO Price Band?
Ans: S J Logistics (INDIA) IPO price band is Rs. 121-125 per share.
Q-8 Is S J Logistics (INDIA) IPO mainboard IPO or SME IPO?
Ans: S J Logistics (INDIA) IPO is an SME IPO.
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