Home » S J Logistics IPO: Unveiling the Journey of Growth and Expansion in the Logistics Sector

S J Logistics IPO: Unveiling the Journey of Growth and Expansion in the Logistics Sector

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In a significant move, S J Logistics is set to embark on its initial public offering (IPO) journey, with the IPO opening on December 12, 2023, and closing on December 14, 2023. The company aims to raise ₹48 crores via IPO on the NSE SME platform, with a price band of ₹121 to ₹125 per share and a market lot of 1000 shares.

S J Logistics, under the leadership of its Promoter Rajen Hasmukhlal Shah, has evolved from its inception as a proprietorship concern in 2000 to becoming a key player in the logistics and freight forwarding business. Specializing in freight forwarding, customs clearance, and transportation handling services, the company is a registered Multimodal Transport Operator under the Multimodal Transportation of Goods Act 1993.

The IPO proceeds will be utilized for repayment/pre-payment of borrowings, meeting working capital requirements, and general corporate purposes. The company has showcased consistent growth, expanding its services to cover multimodal transportation, regulatory compliance, and project cargo handling.

S J Logistics boasts two subsidiary companies, SJA Logisol India Private Limited and S. J. L. Group (Singapore) Pte. Ltd., reflecting its commitment to providing comprehensive transportation and logistics services.

Here are key details about the S J Logistics IPO:

• IPO Dates: December 12, 2023, to December 14, 2023
• IPO Size: Approximately ₹48.00 Crores, 3,840,000 Equity Shares
• Price Band: ₹121 to ₹125 Per Equity Share
• Listing Exchange: NSE SME
Objects of the Issue:

    • Repayment and/or pre-payment of certain borrowings.

    • Meeting working capital requirements.
    • General corporate purposes.

    Financial Snapshot:
    • Revenue (2023): ₹135.01 Crores
    • Profit After Tax (2023): ₹7.62 Crores
    • Earnings Per Share (EPS): ₹8.84 per Equity Share
    • Price/Earnings (P/E) Ratio: 14.14
    • Return on Net Worth (RoNW): 24.41%
    • Net Asset Value (NAV): ₹36.22 per Equity Share
    Listing and Allotment:
    • IPO Allotment Date: December 15, 2023
    • IPO Listing Date: December 19, 2023
    Investors can apply for the S J Logistics IPO online through their bank’s ASBA or via their stockbroker. The IPO subscription status and allotment details can be tracked post-application.
    S J Logistics is poised to mark its presence on the stock market, offering investors an opportunity to be part of its continued success in the logistics and supply chain industry.

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