S J Logistics (India) Limited IPO is set to launch on 12 December, 2023. The company initiated its business operations in the year 2003. It is a logistics and supply chain service provider. The services issued by the company include customs clearance, freight forwarding, transportation handling services etc. A total of 3100 bills were processed in 2023 including business with countries like South America, Africa, Europe, Australia, Southeast Asia, The Gulf, USA, Russia etc. The company owns and runs two subsidiaries namely SJL Group Limited and SJA Logisol India Private Limited.
S J Logistics (India) Limited IPO DETAILS
S J Logistics (India) Limited IPO is set to launch on 12 December, 2023. The subscription timeline extends till 14 December, 2023. The size for the IPO is 48 Crore Rs. Shares issued through fresh issue mode are worth 48 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1000 shares and the price is 121 Rs to 125 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Maashithla Securities Private Limited.
Tabular Description of S J Logistics (India) Limited IPO
| IPO OPENING DATE | 12 December, 2023 |
| CLOSING DATE FOR IPO | 14 December, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 121 Rs to 125 Rs per share |
| LOT SIZE | 1000 shares |
| MINIMUM ORDER QUANTITY | 1000 shares |
| ISSUE SIZE | 48 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 48 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 19 December, 2023 |
S J Logistics (India) Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 12 December, 2023 |
| CLOSING DATE FOR IPO | 14 December, 2023 |
| IPO ALLOTMENT DATE | 15 December, 2023 |
| REFUNDS | 18 December, 2023 |
| DEMAT A/C CREDITED ON | 18 December, 2023 |
| IPO LISTING DATE | 19 December, 2023 |
S J Logistics (India) Limited IPO begins for subscription from 12 December, 2023. The IPO subscription would continue till 14 December, 2023. The allotment status for the shareholders who applied would come on 15 December, 2023. The refunds for the ones who did not get allotment would be initiated on 18 December, 2023. The DEMAT accounts of shareholders would be credited on 18 December, 2023. The listing of the company would be completed on 19 December, 2023.
S J Logistics (India) Limited IPO : Lead Managers
The lead managers are :
- Hem Securities Limited
The minimum lot size for the company is decided at 1000 shares. This holding accounts to 125000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 250000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1000 shares | 125000 Rs. |
| Maximum | 2000 shares | 250000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 5013 | 5062 | 8104 |
| Revenue | 12402 | 10395 | 13500 |
| PAT | 82 | 172 | 761 |
S J Logistics (India) Limited IPO had an asset base of 5013 Lakh Rs in 2021 which increased to 5062 Lakh Rs in 2022. The assets of the company were 8104 Lakh Rs in the year 2023. The revenue of the firm was 12402 Lakh Rs in 2021. This decreased to 10395 Lakh Rs in 2022. However in 2023 the revenue increased again at 13500 Lakh Rs. The profit of the firm was 82 Lakh Rs in 2021. This increased to 172 Lakh Rs in 2022 and 761 Lakh Rs in 2023.
PROS
- The services issued by the company include customs clearance, freight forwarding, transportation handling services etc.
- A total of 3100 bills were processed in 2023 including business with countries like South America, Africa, Europe, Australia, Southeast Asia, The Gulf, USA, Russia etc.
- The company owns and runs two subsidiaries namely SJL Group Limited and SJA Logisol India Private Limited.
CONS
- The company works in a highly competitive segment.
S J Logistics (India) Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the S J Logistics (India) Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
