S J Logistics IPO Opens Today: Know GMP, Price Band, Review, Share Allotment Date And Other Details Here

The initial public offering (IPO) of S J Logistics will open for subscription on Tuesday (December 12) and the offer will conclude on December 14. This means that investors can place bids for Rs 48 crore S J Logistics IPO is till 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 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.

The company's promoter is Rajen Hasmukhlal Shah.

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 IPO watch, the S J Logistics IPO GMP as of today is Rs 100. The current GMP suggests SJ Logistics IPO will likely be listed at Rs 225 (100+125) on its stock market debut. This means that investors can have a benefit of up to 80% 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 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 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:

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.

Established over two decades ago, S J Logistics has entrenched itself nationally, accumulating extensive industry expertise. Our proficiency extends across various sectors, including but not limited to yarns, textiles, transmission towers, tyres, polyfilms, chemicals, agro commodities, and Fast-Moving Consumer Goods (FMCG).

Operating under an asset-light business model, S J Logistics collaborates with a diverse range of partners, ensuring the dependable, efficient, and punctual transfer of freight globally.

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.

Risks:

The company is heavily dependent on third party service providers and suppliers to effectively carry on our logistics operations. Any deficiency in services provided by them or failure to maintain relationships with them could result in disruption in our operations, which could have an adverse effect on its business, financial condition, results of operations, and cash flows.