S J Logistics IPO Closes Today: Know Latest GMP, Subscription Status, Share Allotment, And Other Details Here

Today is the last day to subscribe to the initial public offering (IPO) of S J Logistics which opened for subscription on Tuesday (December 12). The Rs 48 crore S J Logistics IPO will close on Thursday. The comany has set the price band of the IPO in the range of Rs 121 to Rs 125.

The Rs 48 crore SJ Logistics IPO is entirely a fresh issue of 3,840,000 equity shares; and there is no component of offer for sale (OFS), according to the company's RHP. The public issue received a stellar response from investors on day 2 of bidding i..e December 13.

S J Logistics IPO Subscription Status:

According to IPO Watch, S J Logistics IPO was subscribed 62.65 times. The public issue was subscribed 101.39 times in the retail category, 4.71 times in QIB, and 49.57 times in the NII category on December 13, 2023 (Day 2).
As stated in the company's Red Herring Prospectus (RHP), the firm's listed peers include Patel Integrated Logistics Limited (with P/E of 14.07), and Tiger Logistics (India) Limited (with P/E of 18.12).

The company will utilize the net proceeds from the IPO for general corporate purposes, working capital requirements, and debt repayment and/or prepayment, in full or in part.

SJ Logistics IPO Share Allotment:

SJ Logistics IPO basis of allotment of shares is likely to be finalized on Friday (December 15) and the company will start refunds on December 18, while the shares will be credited to the demat account of allottees on the same day. SJ Logistics IPO shares are expected to be listed on NSE SME on Tuesday, December 19.

SJ Logistics IPO GMP Today:

According to market observers, the S J Logistics IPO GMP is Rs 125, last updated Dec 14 2023 09:24 AM. The current GMP suggests SJ Logistics IPO will likely be listed at Rs 250 (cap price + today's GMP) on its stock market debut. This means that investors can have a benefit of up to 100% at this GMP.

S J Logistics IPO Market Lot

The S J Logistics IPO minimum market lot is 1000 shares with a Rs 125,000 application amount.

S J Logistics IPO valuations detail:

According to the IPO Watch website, S J Logistics has an Earning Per Share (EPS) of Rs 8.84 per Equity Share, a Price/Earning P/E Ratio of 14.14, and a Net Asset Value (NAV) of Rs 36.22 per Equity Share.
The company has allotted 50% of the quota for the QIB category, 15% is reserved for the NIIs, and 35% is reserved for Retail investors.

About S J Logistics India Limited:

Established over two decades ago, S J Logistics India Limited stands as a premier international logistics service provider, encompassing an array of services including freight forwarding, transportation, warehousing, Non-Vessel Operating Common Carrier (NVOCC), and customs clearance.

The company's operations extend across various sectors, including but not limited to yarns, textiles, transmission towers, tyres, polyfilms, chemicals, agro commodities, and Fast-Moving Consumer Goods (FMCG).

The company's profit in FY 22 increased on account of abnormal foreign exchange gains booked during this year. The Net profit of the company has increased from Rs. 86.32 lakhs in FY21 to Rs. 188.37 lakhs in FY22 representing an increase of 118.22%. The foreign exchange gain/loss increased from a loss of Rs. 82.43 lakhs in FY21 to a gain of Rs. 136.00 lakhs in FY22, which resulted in an increase in the profits of the company.

Ahead of the IPO launch, S J Logistics IPO raised Rs 13.65 crore from anchor investors.

S J Logistics IPO Timeline (Tentative Dates):

IPO Close Date - December 14, 2023
Basis of Allotment - December 15, 2023
Initiation of Refunds - December 18,
Credit of Shares to Demat - December 18, 2023
Listing Date - December 19, 2023