SJ Logistics Limited IPO- All You Need To Know.
ISSUE DETAILS 📊
- IPO Size: ₹48.00 Cr (Fresh issue aggregating up to Rs. 48 Cr)
- Face Value: ₹10 Per Equity Share
- Price Band: ₹121-125 Per Share
- Min Investment: ₹1,25,000 (1000 Shares)
- Listing at: NSE SME
- Registrar: Maashitla Securities Private Limited
ABOUT THE COMPANY ℹ️
Incorporated in December 2003, S J Logistics (India) Limited provides its customers logistics and supply chain solutions. The company offers freight forwarding, customs clearance, and transportation handling services.
In fiscal year 2023, the company compiled 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.
OFFER BREAKUP 📈
| Category | Allocation | Issue Size (Rs in Cr) |
| QIB | 50% | 24.00 |
| NIB | 15% | 7.20 |
| Retail | 35% | 16.80 |
| Total | 100% | 48.00 |
IPO OBJECTIVES 🎯
The Net Proceeds are proposed to be used by the details below:
- Repayment and/or pre-payment, in whole or part, of certain borrowings availed by the company meets working capital requirements
- General Corporate Purpose.
IPO TIMELINE ⏰
| IPO Open Date | 12-Dec-2023 |
| IPO Close Date | 14-Dec -2023 |
| Basis of Allotment Date | 15-Dec -2023 |
| Initiation of Refunds | 18-Dec -2023 |
| Credit of Shares to Demat Account | 18-Dec -2023 |
| IPO Listing Date | 19-Dec -2023 |
IPO STRENGTHS 🌐
- Focus towards the development of warehousing facilities and business expansion opportunities.
- Increasing their presence and expanding their network.
- Identifying new customers and growing business with existing customers.
- Well-qualified and experienced Senior Management team.
IPO RISKS 📉
• They depend heavily on third-party service providers and suppliers to effectively carry on their logistics operations. Any deficiency in services or failure to maintain relationships with them could disrupt their operations, which could hurt their business, financial condition, and results of operations and cash flows.
• Their logistics and freight business mainly depends on their customers engaged in manufacturing and exporting yarn and yarn commodities; any adverse impact on the yarn industry may adversely affect their operations results and financial condition.
• They do not have a Custom House agent license in their own name and have to rely on third parties for Custom House Agent Services. Any delay in the service or refusal of services by Custom House Agency may affect the result of operations and the future prospects of their business.
• They are susceptible to risks relating to fluctuations in currency exchange rates.
• Their Company may not be able to deliver the cargo on a timely basis due to events that may be beyond their control, due to which they could become liable to claims by their customers, suffer adverse publicity and incur substantial costs as a result of a deficiency in their service which could adversely affect their results of operations.
FINANCIAL DATA 💹
| Assets | Revenue | PAT | ||
| 2021 | 5013.55 | 12402.88 | 82.99 | |
| 2022 | 5062.51 | 10395.18 | 172.99 | |
| 2023 | 8104.32 | 13500.99 | 761.56 |
PEER COMPANIES 🤝
- CargotransMaritime Limited
- Patel Integrated Logistics Limited
- Tiger Logistics (India) Limited
- Tiger Logistics (India) Limited
