S J Logistics (india) Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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S J Logistics (I

CMP

344.85

-11.05 (-3.10%)

  • DRHP
₹125

Offer Price

₹ 48.00 Cr

Issue Size

₹ 1,25,000

Min Investment

1,000

Lot size

Time Line

  • 12
    Dec 2023
    Open
  • 14
    Dec 2023
    Close
  • 15
    Dec 2023
    Finalisation of Basis of Allotment
  • 18
    Dec 2023
    Initiation of Refunds
  • 18
    Dec 2023
    Transfer of Shares to Demat Account
  • 19
    Dec 2023
    Listing Date

Objects of the Offer

  • Focus towards development of warehousing facilities.

  • Strengthen existing services.

  • Identifying new customers and increasing business with existing customer`s.

  • Increasing its presence and expand its network.

Products & Services

  • S J Logistics (India) Limited is engaged in the business of providing logistics and supply chain solutions to its customers.

Strengths

  • Focus towards development of warehousing facilities.

  • Strengthen existing services.

  • Identifying new customers and increasing business with existing customer`s.

  • Increasing its presence and expand its network.

Risks

  • The company is heavily dependent on third party service providers and suppliers to effectively carry on its logistics operations. Any deficiency in services provided by them or failure to maintain relationships with them could result in disruption in its operations, which could have an adverse effect on the company`s business, financial condition, results of operations and cash flows.

  • Its logistic and freight business is largely dependent on the company customers engaged in the business of manufacturing and export of yarn and yarn commodities, any adverse impact on the yarn industry may have an adverse effect on its results of operations and financial condition.

  • The Company does not have Custom House Agent license.

  • Its long-term growth and competitiveness are dependent on the company`s ability to control costs and pass on any increase in operating expenses to customers, while continuing to offer competitive pricing.

  • The Company may not be able to deliver the cargo on timely basis due to which its could become liable to claims by its customers, suffer adverse publicity and incur substantial cost as result of deficiency in its service which could adversely affect its results of operations.

Company Promoters

Promoters Holding

Issue For IPO
13.64%
Pre Holding

51.45%

Post Holding

37.81%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 7.62 (-) 134.31 (-) 24.41 (-)
Gross Profit 7.62 (-) 134.31 (-) 24.41 (-)
Net Income 7.62 (-) 134.31 (-) 24.41 (-)
Assets 7.62 (-) 134.31 (-) 24.41 (-)
Liabilities 7.62 (-) 134.31 (-) 24.41 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
S J Logistics (India) Ltd 107.71 2.36 54.46 29.71 24.41 0.00 83.85 4.48 0.55
Cargotrans Maritime Ltd 74.25 2.34 19.16 19.16 18.44 5.74 75.62 12.23 0.02
Patel Integrated Logistics Ltd 278.28 4.90 172.05 172.05 4.16 1.13 18.12 2.84 0.25
Tiger Logistics (India) Ltd 433.35 23.21 119.51 119.51 23.77 21.94 92.34 19.42 0.00
Total Transport Systems Ltd 590.27 5.24 124.89 124.89 6.77 3.47 48.14 4.19 0.21

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Maashitla Securities Pvt Ltd

451 Krishna Apra Bus,
Netaji Subhash Place,
Pitampura - New Delhi-110034
Phone : 011-45121795 Fax: 01145121795

Company Contact Information

901/902/903 Centrum Opp. Raila,
Devi Lake Wagle Estate,
Thane (West) - 400604
Phone : 91-22-61982800 Email : cs@sjagroup.co.in www.sjlogistics.co.in

Offer Related Information

Initial public offer of 38,40,000* equity shares of face value of Rs. 10/- each (the "Equity Shares") of S J Logistics (India) Limited ("The Company" or "SJLIL" or "The Issuer") at an issue price of Rs. 125 per equity share (including share premium of Rs. 115 per equity share) for cash, aggregating up to Rs. 48.00 crores ("Public Issue") out of which 193,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 125 per equity share for cash, aggregating Rs. 2.41 crores will be... More

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