S J Logistics IPO will open for subscription from 12 December 2023. The company aims for an issue size of ₹48 Cr through this IPO.
Company Overview
| Full name | S J Logistics Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://www.sjlogistics.co.in/ |
About Company
S J Logistics (India) is actively involved in providing comprehensive logistics and supply chain solutions. At the core of its services are freight forwarding, customs clearance, and adept handling of transportation services. The company boasts two subsidiary entities: SJA Logisol India Private Limited (SJALIPL) and S. J. L. Group (Singapore) Pte. Ltd.
In the fiscal year 2023, S J Logistics efficiently processed over 3,100 bills of lading, reaching diverse destinations such as African countries, South American countries, Australia, Bangladesh, European countries, Gulf countries, Southeast Asian countries, Russia, and the United States of America.
Beyond these accomplishments, the company has forged cooperative and agency agreements with entities in countries like Ecuador, Brazil, Chile, Peru, the United States of America, Paraguay, Bolivia, Hong Kong, China, Taiwan, Vietnam, and various others. These agreements are integral to its logistics and freight forwarding operations, facilitating the smooth inward and outward movement of cargo on a global scale.
Noteworthy certifications and accreditations adorn the company’s profile, including recognition from the Federal Maritime Commission, membership in the International Federation of Freight Forwarders Association (FIATA), affiliation with the PPL Network, and inclusion in the Africa Logistics Network. These endorsements underscore S J Logistics’ commitment to maintaining high standards in the dynamic realm of logistics and supply chain management.
The Objectives of the Issue
- Repayment and/or pre-payment, in whole or part, of certain borrowings availed by the Company.
- To meet working capital requirements
- General Corporate Purpose.
S J Logistics IPO Timetable
| IPO Opening date | 12 December 2023 |
| IPO Closing | 14 December 2023 |
| Basis of Allotment | 15 December 2023 |
| Initiation Refund | 18 December 2023 |
| Credit to Demat Account | 18 December 2023 |
| Listing Date | 19 December 2023 |
S J Logistics IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹48 Cr – 3,840,000 shares |
| Fresh Issue | ₹48 Cr – 3,840,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band Offer Price | ₹121 to ₹125 per share |
| Lot size | 1000 shares |
| Market Maker portion | 193,000 shares |
| Shareholding pre-issue | 10,643,130 |
| Shareholding post-issue | 14,483,130 |
| Listing Exchange | NSE SME |
S J Logistics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹125,000 |
| Retail (Max) | 1 | 1000 | ₹125,000 |
| HNI (Min) | 2 | 2,000 | ₹250,000 |
S J Logistics IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
S J Logistics Financial Performance
| FY 2021* | FY 2022* | FY 2023 | H1 FY 2024 | |
| Revenue | 123.93 | 103.62 | 134.31 | 103.09 |
| Expenses | 122.86 | 102.75 | 125.48 | 91.76 |
| Net income | 0.86 | 1.88 | 7.62 | 9.31 |
S J Logistics Valuations & Margins
| FY 2021* | FY 2022* | FY 2023 | |
| EPS | 1.30 | 2.83 | 8.84 |
| PE ratio | – | – | 13.69 – 14.14 |
| RONW (%) | 6.40 | 12.26 | 24.41 |
| ROCE (%) | 8.15 | 11.68 | 18.58 |
| NAV | 20.24 | 23.07 | 36.22 |
| EBITDA (%) | 2.97 | 3.50 | 8.77 |
| Debt/Equity | 1.98 | 1.67 | 1.08 |
Company Promoters
- Rajen Hasmukhlal Shah
Promoter Holding
| Pre Issue Share Holding | 67.55% |
| Post Issue Share Holding | 49.64% |
S J Logistics IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
S J Logistics Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
S J Logistics Contact Details
S J LOGISTICS (INDIA) LIMITED
901/902/903, Centrum, Opposite Raila Devi Lake,
Wagle Estate, Thane (West)-400604, Maharashtra
Phone: +91-22-61982800
E-mail: cs@sjagroup.co.in
Website: www.sjlogistics.co.in
S J Logistics IPO Allotment Status
S J Logistics IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Final thoughts
S J Logistics IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
