S J Logistics India IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

IPO Details

Bidding Dates

11 Dec '23 - 13 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 11, 2023

IPO Closing Date

Dec 13, 2023

Basis of Allotment

Dec 14, 2023

Initiation of Refunds

Dec 17, 2023

Credit of Shares to Demat Account

Dec 17, 2023

IPO Listing Date

Dec 18, 2023

UPI Mandate Expiry Date

Dec 13, 2023

IPO Subscription Details

Date	QIB	NII	Retail	Total
Day 1Dec 11, 2023	4.08x	22.06x	37.34x	24.56x
Day 2Dec 12, 2023	4.71x	49.63x	101.79x	62.87x
Day 3Dec 13, 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?

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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.
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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

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

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.