{"id":16910,"date":"2023-12-11T16:17:38","date_gmt":"2023-12-11T10:47:38","guid":{"rendered":"https:\/\/gwaliorbuzz.com\/index.php\/2023\/12\/11\/sj-logistics-fixes-ipo-price-band-of-rs-121-rs-125-issue-to-open-on-12th-dec\/"},"modified":"2023-12-11T16:17:38","modified_gmt":"2023-12-11T10:47:38","slug":"sj-logistics-fixes-ipo-price-band-of-rs-121-rs-125-issue-to-open-on-12th-dec","status":"publish","type":"post","link":"https:\/\/gwaliorbuzz.com\/index.php\/2023\/12\/11\/sj-logistics-fixes-ipo-price-band-of-rs-121-rs-125-issue-to-open-on-12th-dec\/","title":{"rendered":"SJ Logistics Fixes IPO Price Band of Rs 121- Rs 125, Issue To Open On 12th Dec"},"content":{"rendered":"<div>\n<p class=\"has-text-align-center\"><em>The SJ Logistics IPO\u2019s registrar is Maashitla Securities Private Limited, while the book-running lead manager is Hem Securities Limited. Hem Finlease is the market maker for the S J Logistics IPO, as per the DRHP.<\/em><\/p>\n<p>SJ Logistics (India) Ltd is a company that offers its clients supply chain and logistics solutions including Project Cargo, ODC Cargo, Warehousing, Door Delivery &amp; NVOCC. The Company has serviced countries\/ areas like Africa, South America, Europe, Gulf, South East Asia, Russia, United States of America etc.&amp; served around 150 customers in FY23 &amp; processed 3100 Bills of Lading.<\/p>\n<p>In order to raise Rs 48.00 crores, the company has declared an Initial Public Offer (IPO) in which it would offer 38.4 lakh fresh shares through a 100% book-building issue.\u00a0<\/p>\n<p>The S J Logistics initial public offering (IPO) subscription will open on December 12, 2023, and end on December 14, 2023. On Friday, December 15, 2023, the share allotment for the S J Logistics IPO is anticipated to be completed. The proposed listing date for the S J Logistics IPO is Tuesday, December 19, 2023, and it will take place on NSE Emerge<\/p>\n<p>SJ Logistics has fixed its IPO price band at Rs 121 to Rs 125 per share. Retail investors must deposit a minimum of Rs 1.25 lakh since the minimum lot size for an application is 1000 shares. HNIs are required to invest a minimum of two lots, or 2,000 shares, totalling Rs 2.5 lakhs.\u00a0<\/p>\n<p>The SJ Logistics IPO\u2019s registrar is Maashitla Securities Private Limited, while the book-running lead manager is Hem Securities Limited. Hem Finlease is the market maker for the S J Logistics IPO, as per the DRHP.<\/p>\n<p>As per the DRHP, SJ Logistics (India) intends to utilize the proceeds of the issue for repayment and\/or pre-payment, in full or part, of certain borrowings, to meet working capital requirements and for general corporate purposes.\u00a0<\/p>\n<p>According to the DRHP of the book-building issue, 1822000 equity shares or 50% of the net issue are reserved for QIBs (Including Anchor), 1277000 shares or 35% are reserved for the retail investors and 15% of the net issue or 548000 shares will be allocated towards NII (HNI) segment.\u00a0<\/p>\n<p>According to the financials, the company\u2019s revenue from operations was \u00a0Rs.134.31 Crs. in FY23 &amp; Rs. 103.09 crs. in H1FY24. Company reported net profit of Rs. 7.61 crs. in FY23 &amp; Rs. 9.31 crs. in H1FY24.\u00a0<\/p>\n<p>Additionally, SJ Logistics\u2019s RONW stood at 24.41% in FY23 while its ROCE reached 18.50% in FY23.\u00a0<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The SJ Logistics IPO\u2019s registrar is Maashitla Securities Private Limited, while the book-running lead manager is Hem Securities Limited. Hem Finlease is the market maker for the S J Logistics [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[646],"class_list":["post-16910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","_links":{"self":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/16910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/comments?post=16910"}],"version-history":[{"count":0,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/16910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/media\/16911"}],"wp:attachment":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/media?parent=16910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/categories?post=16910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/tags?post=16910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}