S J Logistics IPO GMP, review, Date, Price 2023

S J Logistics  IPO description – S J Logistics   India Limited is coming up with its Initial public offering. The IPO will be open for subscription on December 12, 2023

 

 

S J Logistics IPO – Details

 

IPO Open Date 12 December 2023
IPO Close Date 14 December 2023
Issue Type Book Built Issue IPO
Issue Size 38,40,000 Shares Worth ₹[] Crore

Fresh Issue: 38,40,000 Shares Worth ₹[] Crore

Face Value ₹10 per equity share
IPO Price ₹121 – ₹125
Market Lot 1000 Shares
Minimum Order 1000 Shares (1 Lot)
Listing At NSE SME
Register Maashitla Securities Private Limited
Retail Shares Offered 35%
NII (HNI) Shares Offered 15%
Other Shares Offered 50%

 

S J Logistics IPO – Date Schedule

 

IPO Opening Date 12 December 2023
IPO Closing Date 14 December 2023
Finalization of Basis of Allotment 15 December 2023
Refunds Initiation 18 December 2023
Transfer of shares to demat accounts 18 December 2023
Listing Date of IPO 19 December 2023

 

S J Logistics IPO – About Company 

 

S J Logistics (India) Limited is engaged in the business of providing logistics and supply chain solutions to its customers. The company provides freight forwarding, customs clearance, and transportation handling services.

In fiscal year 2023, the company processed 3,100 bills of lading to various countries, including Africa, South America, Australia, Europe, the Gulf, Southeast Asia, Russia, and the United States. S J Logistics also established cooperative agreements with partners in Ecuador, Brazil, Chile, Peru, the United States, Paraguay, Bolivia, Hong Kong, China, Taiwan, Vietnam, and others for logistics and freight forwarding.

The company has two subsidiary companies: SJA Logisol India Private Limited (SJALIPL) and S. J. L. Group (Singapore) Pte. Ltd.

 

S J Logistics IPO GMP, review, Date, Price 2023
S J Logistics IPO GMP, review, Date, Price 2023

 

S J Logistics IPO – Industry Overview 

 

India’s logistics are estimated to account for about 14.4% of GDP. More than 22 million people rely on it for their income. The Department of Commerce’s logistics division for India was established on 7th July 2017 and was given the responsibility of the Integrated Development of Logistics Sector.

The Special Secretary to the Government of India is at the helm of the division and has been assigned the responsibility for the development of an action plan to facilitate the overall development of the logistics sector through policy changes, procedure improvements, identification of bottlenecks and gaps, and adoption of technology. Overall, India’s logistics sector consists of 37 export promotion councils, 40 Participating Government Agencies (PGAs), 20 government agencies, 10,000 commodities and 500 certifications.

In 2019, the Indian logistics sector was valued at Rs. 15.1 lakh crore (US$ 190 billion). The unorganised sector amounts to 99% of the logistics sector that includes owners of less than five trucks, brokers or transport companies’ affiliates, small-scale warehouse owners, customs brokers and freight forwarders, among others. The global indices reflect the progress and developments in trade-related logistics over the years.

The development of the logistics sector is also reflected by the fact that India scored 90.3% in the United UNESCAP’s Global Survey on Digital and Sustainable Trade Facilitation conducted in 2021, which is an exceptional improvement from the score it secured in 2019 of 78.5%, brought about by gains in the scores of five important indicators. The score has shown a consistent improvement, with scores of 63.4% and 67.7% secured in 2015 and 2017, respectively.  

 

S J Logistics IPO – Financial Performance

 

  FY 2022 FY 2023 H1 FY 2024
Revenue 103.62 134.31 103.09
Expenses 102.75 125.48 91.76
Net income 1.88 7.62 9.31

Figures in INR Crores

 

S J Logistics IPO – 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

 

S J Logistics IPO – Prospectus

 

 

S J Logistics IPO – Competitive Strengths

 

  • Long standing business and track record.
  • Strong relationship with diverse customer base. 
  • Wide range of logistics services and solutions.  
  • Existing agency network and arrangements.
  • Strong knowledge and expertise of our promoters.

 

S J Logistics IPO – 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 IPO – Allotment Status

 

S J Logistics IPO allotment status will be available on the Maashitla Securities website. Click on this link to get allotment status.

S J Logistics IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1000 1,25,000
Retail (Max) 1 1000 1,25,000
HNI (Min) 2 2000 2,50,000

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

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