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20 January 2024

S J Logistics IPO: Revolutionizing Logistics Through Robust Offerings

Introduction:

In the dynamic world of logistics and supply chain solutions, S J Logistics (India) Limited made a significant mark with its recent venture into the capital market through a Book Built IPO worth Rs 48.00 crores. This blog takes you on a journey through the key details of S J Logistics IPO, shedding light on its subscription success, financial standing, and the company's promising future in the logistics sector.

Key Dates:

Bidding Period	Allotment Date	Listing Date
December 12 to December 14, 2023	December 15, 2023	December 19, 2023

IPO Highlights:

Issue Size	Price Band	Lot Size	Minimum Investment
₹48.00 Crores	₹121 to ₹125 per share	1000 Shares	1000 Shares

Financial Overview:

Total Issue Size	Fresh Issue
3,840,000 shares, aggregating up to ₹48.00 Cr	3,840,000 shares

Shareholding Structure:

Pre-Issue Shares	Post-Issue Shares
10,643,130	14,483,130

Market Maker Segment:

Prabhat Financial Services	193,000 shares

IPO Management:

Lead Manager	Registrar	Market Maker
Hem Securities Limited	Maashitla Securities Private Limited	Hem Finlease

Subscription Highlights:

The S J Logistics IPO garnered massive attention with a subscription of 316.26 times. Retail investors exhibited remarkable enthusiasm with a subscription of 356.33 times, while Non-Institutional Investors (NII) demonstrated strong interest with a subscription of 489.45 times.

IPO Journey Timeline:

IPO Open Date	IPO Close Date	Basis of Allotment	Refunds Initiation	Shares Credited to Demat	Listing Date
December 12, 2023	December 14, 2023	December 15, 2023	December 18, 2023	December 18, 2023	December 19, 2023

Lot Size Details:

Investors had the flexibility to bid for a minimum of 1000 shares, with the following investment parameters for retail investors and High Net Worth Individuals (HNIs):

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹125,000
Retail (Max)	1	1000	₹125,000
HNI (Min)	2	2000	₹250,000

S J Logistics IPO Reservation:

The IPO featured a reservation of 3,840,000 shares, allocating significant portions to Non-Institutional Investors (NII) and Retail Individual Investors (RII).

About S J Logistics (India) Limited:

Established in 2003, S J Logistics (India) Limited is a leading player in providing logistics and supply chain solutions. The company offers comprehensive services, including freight forwarding, customs clearance, and transportation handling services, catering to various industries such as yarn and textiles, automobiles, power transmission, pharmaceuticals, and more.

Financial Overview:

As of September 30, 2023, S J Logistics demonstrated robust financial figures:

Metric	Values
Assets	₹10,541.07 Lakhs
Revenue	₹10,338.56 Lakhs
Profit After Tax	₹931.07 Lakhs
Net Worth	₹5,640.93 Lakhs
Reserves and Surplus	₹4,576.62 Lakhs

Key Performance Indicators:

- Market Capitalization: ₹181.04 Crores
- Return on Equity (ROE): 24.41%
- Return on Capital Employed (ROCE): 18.58%
- Debt/Equity: 1.08
- Return on Net Worth (RoNW): 24.41%

Objects of the Issue:

The Net Proceeds from the IPO will be utilized for:

- Repayment and/or pre-payment of certain borrowings availed by the Company. - Meeting working capital requirements. - General Corporate Purposes.

Conclusion:

S J Logistics (India) Limited, with its consistent growth in the logistics sector, has marked its presence in the IPO landscape. The company's diversified services and strategic approach have resonated well with investors. Despite the volatility in the industry, the IPO garnered significant subscription interest, reflecting confidence in S J Logistics' future prospects. As the company continues to expand its logistics footprint, investors eyeing long-term rewards may find S J Logistics an attractive investment opportunity.

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