A comprehensive update on SJ Logistics IPO.
- Subscription Period: SJ Logistics IPO opened for subscription on Tuesday, December 12, and will close on Thursday, December 14.
- Price Band: The IPO price band is set in the range of 121 to ₹125.
- Lot Size: The lot size for SJ Logistics IPO is 1,000 shares, and investors can bid for a minimum of 1,000 shares and in multiples thereof.
- Allocation to Anchor Investors: The allocation to anchor investors took place on Monday, December 11.
- Company Profile: SJ Logistics (India) Limited provides supply chain and logistics solutions, including transportation handling, customs clearance, and goods forwarding.
- Performance: The company processed over 3,100 bills of lading to various destinations globally in the fiscal year 2023.
- Listed Peers: The company's listed peers are Patel Integrated Logistics Limited and Tiger Logistics (India) Limited.
- Issue Details:The IPO is a fresh issue of 3,840,000 equity shares with no offer for sale (OFS) component, worth ₹48 crore.
- Utilization of Funds: The net proceeds from the IPO will be used for general corporate purposes, working capital requirements, and the repayment and/or prepayment of certain loans.
- Registrar and Lead Manager: The registrar for SJ Logistics IPO is Maashitla Securities Private Limited, and the book running lead manager is Hem Securities Limited. Hem Finlease is the market maker.
- Promoter: The company's promoter is Rajen Hasmukhlal Shah.
- Subscription Status: As of the provided information, the IPO subscription status is 6.68 times on day 1. Retail investors' portion was subscribed 11.64 times, non-institutional buyers' portion 3.98 times, and Qualified Institutions Buyers (QIBs) portion was booked 1%.
- Grey Market Premium (GMP): SJ Logistics IPO GMP is +125, indicating a premium of 125 in the grey market. The estimated listing price is indicated at 250 apiece, which is 100% higher than the IPO price of ₹125.
Please note that the information provided here is based on the given details and may be subject to change as the IPO progresses. Investors should conduct thorough research and consider consulting financial advisors before making any investment decisions.