S J Logistics IPO Overview | moneymultiple.in
1. IPO Details:
- The IPO is set to open on December 12, 2023, and close on December 14, 2023.
- S J Logistics aims to raise ₹48 crores through this IPO.
- The price band for the IPO is fixed at ₹121 to ₹125 per share.
- The market lot for the IPO is 1000 shares.
2. About S J Logistics:
- S J Logistics is involved in providing logistics and supply chain solutions, offering services such as freight forwarding, customs clearance, and transportation handling.
- The company was established in 2000 and has expanded its services over the years.
- They operate as a Multimodal Transport Operator registered under the Multimodal Transportation of Goods Act 1993.
3. Business Growth:
- Started as a proprietorship in 2000, S J Logistics later incorporated as "SJ Logistics (India) Private Limited" in 2003.
- The company has expanded its services to cover multimodal transportation, regulatory compliance, and project cargo handling.
4. Subsidiary Companies:
- S J Logistics has two subsidiary companies: SJA Logisol India Private Limited and S. J. L. Group (Singapore) Pte. Ltd.
- Subsidiaries are engaged in providing transportation and logistics services.
5. Objects of the Issue:
The funds raised from the IPO will be utilized for purposes such as repayment/pre-payment of borrowings, meeting working capital requirements, and general corporate purposes.
IPO Details:
1. Size and Quotas:
- The IPO size is approximately ₹48.00 Crores, comprising 3,840,000 equity shares.
- Retail quota is set at 35% of the net offer, QIB quota at 50%, and NII quota at 15%.
2. Face Value:
The face value of each equity share is ₹10.
3. Application Lot:
The minimum market lot is 1000 shares, requiring a ₹125,000 application amount.
IPO Timeline:
1. IPO Dates:
- IPO opens on December 12, 2023, and closes on December 14, 2023.
- Allotment date is December 15, 2023.
- Refunds are expected by December 18, 2023.
- The credit to demat accounts is expected on December 18, 2023.
- The IPO listing date is December 19, 2023.
IPO Application:
1. How to Apply:
Investors can apply for the S J Logistics IPO through ASBA (Application Supported by Blocked Amount) available in their bank accounts.
Alternatively, they can use IPO forms available for download via the NSE website.
This information provides a comprehensive overview of the S J Logistics IPO, covering key dates, financial details, and the company's background. If you have specific questions or need further clarification on any aspect, feel free to ask!