IPO Details
Bidding Dates
12 Dec '23 - 14 Dec '23
Minimum Investment
₹125,000 / 1 Lots ( 1000 Shares )
Price Range
₹121 - ₹125
Maximum Investment
₹125,000 / 1 Lots ( 1000 Shares )
Retail Discount
Not Applicable
Issue Size
₹48.00 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Buyers | Retail Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Dec 12, 2023
IPO Closing Date
Dec 14, 2023
Basis of Allotment
Dec 15, 2023
Initiation of Refunds
Dec 18, 2023
Credit of Shares to Demat Account
Dec 18, 2023
IPO Listing Date
Dec 19, 2023
UPI Mandate Expiry Date
Dec 14, 2023
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Dec 12, 2023 |
4.08x | 22.06x | 37.34x | 24.56x |
Day 2Dec 13, 2023 |
4.71x | 49.63x | 101.79x | 62.87x |
Day 3Dec 14, 2023 |
116.16x | 489.21x | 356.15x | 316.12x |
IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 116.16 |
| Non-Institutional Buyers | 489.21 |
| Retail Investors | 356.15 |
| Total | 316.12 |
About Company
SJ Logistics (India) Private Limited, founded by Rajen Hasmukhlal Shah in 2003, specialises in freight forwarding and logistics. The company offers multimodal transportation, customs clearance, and other regulatory compliance services. They are experts in handling project cargo, including oversized and high-value items like power generators, excavators, and transmission towers, often under turnkey contracts.
Operating from their registered office situated in Thane, they have an extensive network of partners and vendors supporting their international logistics operations. This network allows them to service client requirements both in India and internationally.
The company offers international logistic services utilising air, sea, and surface transportation modes. Their regulatory compliance services, including customs clearance, are facilitated through established connections and mutual understanding within their network.
During fiscal 2023, the company processed over 3,100 bills of lading to various regions, including African and South American countries, Australia, Bangladesh, Europe, Gulf countries, Southeast Asia, Russia, and the United States.
The company formed mutual cooperation and agency agreements with entities in Ecuador, Brazil, Chile, Peru, the USA, Paraguay, Bolivia, Hong Kong, China, Taiwan, Vietnam, and other nations for logistics and freight forwarding. This facilitated the inward and outward movement of cargo and managed all necessary operations and documentation for cargo transit between India and these countries.
Industry Outlook
- India's logistics sector is rapidly expanding due to e-commerce growth and tech advances. Valued at $250 billion in 2021 and projected to hit $380 billion by 2025, the industry is also a major employer. Government initiatives aim to optimise costs, aligning with global benchmarks.
- Recently, there's been a shift in consumption trends in Tier-II and III cities in India, leading to a greater emphasis on logistics.
- The use of Artificial Intelligence has become crucial for enhancing time efficiency, cost reduction, productivity, and precision through cognitive automation.
- India's exports have seen a significant surge, with the 2018-19 period marking a record high, showing an expansion of approximately 11%.
S J Logistics India Limited IPO Details
S J Logistics India Limited IPO Date
The IPO of S J Logistics India Limited is open for subscription from December 12, 2023 to December 14, 2023.
S J Logistics India Limited IPO's Price Band
S J Logistics India Limited’s IPO is a fresh issue IPO of up to ₹48 crore. It is a book-building issue. The price range is set to ₹121 to ₹125 per share.
S J Logistics India Limited IPO’s Lot Size
The lot size for S J Logistics India Limited’s IPO is 1000 shares with a minimum investment of ₹1,25,000.
S J Logistics India Limited IPO’s Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Full or partial repayment/pre-payment of existing loans taken by the company: ₹1,450 lakh
- Funding for Working Capital needs: ₹1,680 lakh
- General Corporate Purposes
How To Check the Allotment Status of S J Logistics India Limited’s IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- As such, Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of S J Logistics India Limited
Registered office: 901/902/903, Centrum, Opposite Raila Devi Lake, Wagle Estate, Thane (West)-400604, Maharashtra, India.
Contact Person: Dinky Jain (Company Secretary and Compliance Officer)
Phone: +91 22 61982800
E-mail: cs@sjagroup.co.in
Company Financials
| Particulars ( ₹ in lakh ) | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 13,500.99 | 10,531.18 | 12,402.88 |
| EBITDA Margin (%) | 8.73% | 3.51% | 2.77% |
| Profit After Tax (PAT) | 761.56 | 188.37 | 86.32 |
| PAT Margin (%) | 5.67% | 1.82% | 0.70% |
| Total Borrowings | 3,356.00 | 2,573.07 | 2,673.16 |
| Cash & Cash Equivalents | 117.27 | 80.21 | 69.10 |
| Debt to Equity Ratio(x | 1.08 | 1.67 | 1.98 |
| Return on Equity (%) | 24.41% | 12.26% | 6.40% |
| Return Capital Employed (RoCE) (%) | 18.50% | 11.68% | 7.54% |
| Earning Per Share (EPS) in absolute ₹ | 8.84 | 2.83 | 1.30 |
Know before investing
Strengths
3-
The logistics firm has grown globally, handling over 3,100 bills of lading worldwide. The company expanded into diverse sectors, emphasising quality and network strength and enhancing cost efficiency and reliability.
-
Leveraging subsidiaries and global partnerships, the company’s logistics network spans countries like Ecuador, Brazil, Chile, and the USA, fostering strong ties with carriers for operational benefits and secure consignments.
-
The company is expanding globally and enhancing services. They’ve partnered with Alpha TND in Ghana, secured warehousing in Maharashtra, and are venturing into NVOCC with Good Voyage in the Middle East.
Risks
5-
The company relies heavily on external service providers and suppliers for logistics operations. Any service lapses or weakened relationships could disrupt operations, impacting business and finances.
-
The logistics business largely depends on yarn manufacturing and export clients. Any downturn in the yarn industry could negatively affect financial performance.
-
The company lacks a Custom House Agent license, relying on third-party CHA agents for cargo clearance. Delays or issues with these agents could lead to customer compensation and service disruptions.
-
Long-term growth hinges on cost control and passing increased operating expenses to customers while remaining price competitive.
-
The inability to deliver cargo on time may lead to customer claims, negative publicity, and high costs, adversely affecting operational results.
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
S J Logistics India Ltd IPO FAQs
S J Logistics India Limited IPO is a fresh issue of up to ₹48 crore. It is a book-building issue.
The S J Logistics India Limited’s shares will be allotted on December 15, 2023.
The IPO subscription window for S J Logistics India Limited will open on December 12, 2023.
Retail investors can apply for at least one lot, which is a size of 1000 shares, with a sum of ₹1,25,000.
S J Logistics India Limited will be listed on NSE Emerge. The stock will be listed on December 19, 2023
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
