S J Logistics was incorporated on December 23, 2003. The company is engaged in providing logistics and supply chain solutions to its customers. Its key services include freight forwarding, customs clearance and transportation handling services.
| Bidding Dates |
|---|
| 12 Dec 2023 - 14 Dec 2023 |
| Subscription |
|---|
| 294.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,000 | 1 | 1 | 1000 | 3.8 M | ₹121 - ₹125 | 49.64 % | ₹464.6 M - ₹480.0 M | RHP DOC |
S J Logistics IPO SUBSCRIPTION STATUS
14 Dec '23S J Logistics IPO overall subscription rate was 294.12 times the total available shares
S J Logistics IPO retail subscription rate was 473.11 times in the retail segment
S J Logistics IPO non-institutional investor subscription rate was 651.17 times in the non-institutional investor category
S J Logistics IPO Qualified Institutional Bidder subscription rate was 61.71 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Dec 2023 (Day 3) | 473.11x | 651.17x | 61.71x |
13 Dec 2023 (Day 2) | 133.18x | 66.18x | 2.5x |
12 Dec 2023 (Day 1) | 48.35x | 29.17x | 2.17x |
S J Logistics FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 931.1 | 10,309.5 | -885.7 | -886.2 | 12.5% |
| FY23 | 761.6 | 13,431.2 | -583.1 | -581.7 | 8.7% |
| FY22 | 188.4 | 10,362.4 | 335.9 | 334.6 | 3.5% |
| FY21 | 86.3 | 12,392.6 | -54.5 | -80.6 | 2.8% |
S J Logistics IPO SUBSCRIPTION STATUS DETAILS
S J Logistics had 3.8 M shares on offer
S J Logistics IPO offer price was in the range ₹121 - ₹125
S J Logistics IPO minimum Investment was ₹121000
S J Logistics IPO issue size was ₹ 464.6 M - ₹ 480.0 M
S J Logistics had a minimum lot size of 1000 Shares per application
S J Logistics NUMBER OF SHARES ON OFFER
S J Logistics IPO IMPORTANT DATES
| Issue Open Date | 12 Dec 2023 |
| Issue close Date | 14 Dec 2023 |
| Allotment Date | 15 Dec 2023 |
| Refund Date | 18 Dec 2023 |
| Demat Account Credit Date | 18 Dec 2023 |
| Listing Date | 19 Dec 2023 |
| Listing on Exchange(s) | NSE |
| S J Logistics Allotment Status | Exchange |
S J Logistics IPO subscription opened on 12 Dec 2023, and closed on 14 Dec 2023
IPO allotment for S J Logistics was finalized on Friday, 15 Dec 2023
IPO listing for S J Logistics was on NSE on Tuesday, 19 Dec 2023
S J Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 125.0 |
| Listing Open Price | 175.0 |
| Listing Close Price | 183.8 |
| Listing Gain% | 40.0% |
| Current Gain% | 153.4% |
S J Logistics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| S J Logistics (India) Ltd. | 316.7 | 458.7 | 6.4 | 0.2 | 0.7 | 25 | 15.8 | 654.2 | 30.1 | 75.8 | 44.4 | 49.6 | 36.8 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
S J Logistics INFORMATION ON IPO ISSUE
About S J Logistics
S J Logistics was incorporated on December 23, 2003. The company is engaged in providing logistics and supply chain solutions to its customers. Its key services include freight forwarding, customs clearance and transportation handling services.
Object of the Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
- To meet working capital requirements
- General corporate purpose
S J Logistics - PROMOTERS
| Name |
|---|
| Rajen Hasmukhlal Shah |
S J Logistics Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
S J Logistics Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
S J Logistics Strengths
Long-standing business
The company has been in the business of logistics services since 1999. In 2003, based on market demand and industry experience, the company undertook the business of logistics and freight forwarding
Diverse customer base
In FY23, the company served a diverse customer base of around 150, spread across industries like yarn & textile, transmission tower, plastics, industrial goods, automotives, healthcare and retail.
Wide range of services
Being a multimodal transport operator, the company is capable of offering a wide range of logistics services with a focus on creating solutions that address the requirements of the clients. Its range of services involves ocean freight forwarding, custom clearances, transportation and other value-added services
S J Logistics Risks
Legal proceedings
The company is a party to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the business, results of operations and financial condition
Faces competition
The company faces competition from a number of international and domestic third-party logistics companies, which may adversely affect the market position and business
Substantial indebtedness
The company has incurred substantial indebtedness, which exposes it to various risks that may have an adverse effect on the business and results of operations
IPO FAQs
The promoter of the company is Rajen Hasmukhlal Shah.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 121.0 - 125.0.
The IPO application opens on Dec 12, 2023 and closes on Dec 14, 2023.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 121,000.0, the maximum value for this IPO is Rs 125,000.0.
This IPO will be allotted on Dec 15, 2023.
The refund will be credited to your account on Dec 18, 2023.
The allotted shares will be credited to your demat on Dec 18, 2023.
S J Logistics (India) Ltd.’s shares listed on the stock exchanges on Dec 19, 2023.