S J Logistics (India) Ltd IPO Timeline

S J Logistics (India) Ltd IPO opens on 12-Dec-2023, and closes on 14-Dec-2023. The S J Logistics (India) Ltd IPO bid date is from 12-Dec-2023 to 14-Dec-2023. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
S J Logistics (India) Ltd IPO Opening Date 12-Dec-2023
S J Logistics (India) Ltd IPO Closing Date 14-Dec-2023
Basis of Allotment 15-Dec-2023
Initiation of Refunds 18-Dec-2023
Credit of Shares to Demat 18-Dec-2023
S J Logistics (India) Ltd IPO Listing Date 19-Dec-2023

S J Logistics (India) Ltd IPO Lot Size

S J Logistics (India) Ltd IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or 125000).

Application Lots Shares Amount
Minimum 1 1000 ₹125000
Maximum 1 1000 ₹125000

S J Logistics (India) Ltd IPO Details

S J Logistics (India) Ltd IPO Date 12-Dec-2023 to 14-Dec-2023
S J Logistics (India) Ltd IPO Face Value Shares of ₹10 per share
S J Logistics (India) Ltd IPO Price ₹121 to ₹125 per share
S J Logistics (India) Ltd IPO Lot Size 1000
Issue Size Shares of ₹10 (aggregating up to ₹48 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹48 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Rajen Hasmukhlal Shah.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Repayment and or/ pre-payment in full or part of certain borrowings availed by the company
  • 2 To meet working capital requirements
  • 3 General corporate purposes

Company Financials

S J Logistics (India) Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2023 66.02 108.41 2.36
03-2022 50.63 103.95 1.73
03-2021 49.41 124.03 0.86
Amount in ₹ Crore
  • 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.
  • 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.
  • Breakdown, mishaps or accidents could result in a loss or slowdown in operations and could also cause damage to life and property.
  • Any disruptions which affect its ability to utilize the transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
  • Its business operations depend on its ability to generate sufficient volumes to achieve acceptable profit margins or avoid losses.
  • The company has recently entered into the business of warehousing and may face several risks associated with the new venture, which could hamper its growth, cash flows and business and financial condition.
  • The restated consolidated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
  • The company is also engaged in the business of ODC, heavy lift transportation and project cargo. In case of non-identification of efficient method of transporting or not obtaining statutory permissions in this regard, its operations and profitability could be adversely affected.
  • The company is susceptible to risks relating to fluctuations in currency exchange rates.
  • Substantial portion of its revenues has been dependent upon few customers. The loss of any one or more of its major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.
  • The company is exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.
  • The Company is party to certain legal proceedings, any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • There are certain discrepancies/errors noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013. Some of our corporate records are not traceable. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
  • The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
  • Foreign Trade restrictions could materially and adversely affect its business, financial condition and results of operations.
  • The company does not own registered office and other offices from where its carry out the company's business activities. Any dispute in relation to use of the premises could have a material adverse effect on its business and results of operations.
  • If the company is unable to manage its growth effectively or if its estimates or assumptions used in developing the company strategic plan are inaccurate or its unable to execute the company strategic plan effectively, its business and prospects may be materially and adversely affected.
  • The Company has not made any provision for decline or revalued in value of Investment of the Company.
  • The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses in timely manner or comply with such rules and regulations or at all may adversely affect its operations.
  • Its Contingent Liability and Commitments could affect the company financial position.
  • Changes in technology may render its current technologies obsolete or require it to undertake substantial capital investments, which could adversely affect its results of operations.
  • Any Penalty or demand raised by statutory authorities in future may adversely affect its financial position of the Company.
  • The company does not verify the contents of the cargo transported by it, thereby exposing the company to the risks associated with the transportation of goods in violation of applicable regulations.
  • Its may face competition from a number of international and domestic third-party logistics companies, which may adversely affect its market position and business.
  • Its success depends largely upon the services of the company's Directors, Promoters and other Key Managerial Personnel and its ability to attract and retain them. Demand for key managerial personnel in the industry is intense and its inability to attract and retain key managerial, may affect the business and operations of the Company.
  • The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • Failure in maintaining the requisite standard for storage of perishable and other products transported by it could have a negative effect on its business.
  • The Company has during the preceding one year from the date of the Draft Red Herring Prospectus have allotted Equity Shares at a price which may be lower than the Issue Price.
  • The average cost of acquisition of Equity Shares by its Promoter, are lower than the face value of Equity Share.
  • Its Promoter Group will continue to retain majority shareholding in the Company after this Offer which will allow it to exercise significant influence over it.
  • Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
  • The Issue Price of its Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • The company has in the past entered into related party transactions and may continue to do so in the future.
  • Loan availed by the Company has been secured on personal guarantees of its Directors. The company's business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by its Directors.
  • The company has incurred substantial indebtedness which exposes it to various risks which may have an adverse effect on its business and results of operations.
  • The Company has taken unsecured loans that may be recalled by the lenders at any time and the Company may not have adequate working capital to make timely payments or at all.
  • Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business and financial conditions.
  • The company is not able to guarantee the accuracy of third party information included in this Draft Red Herring Prospectus.
  • The company has not identified any alternate source of funding and hence any failure or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
  • The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • There are certain restrictive covenants in the agreements that the Company has entered into with Banks.
  • Its ability to pay dividends in the future will depend upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • 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.

S J Logistics (India) Ltd IPO Promoter Holding

Pre Issue Share Holding 51.45%
Post Issue Share Holding 37.81%

S J Logistics (India) Ltd IPO Subscription Status (Bidding Detail)

The S J Logistics (India) Ltd IPO is subscribed 210.4799 times on Dec 14, 2023 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 210.4799

S J Logistics (India) Ltd IPO Prospectus

S J Logistics (India) Ltd IPO Listing Date

Listing Date 19 Dec 23
BSE Script 87111
NSE Symbol SJLOGISTIC
Listing In NSE - SME
ISIN INE0F3301020
IPO Price ₹125
Face Value ₹10

S J Logistics (India) Ltd IPO Registrar

Maashitla Securities Pvt Ltd

Phone: +91-11-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com

S J Logistics (India) Ltd IPO Lead Manager(s)

  1. Hem Securities Ltd

FAQs on S J Logistics (India) Ltd IPO

S J Logistics (India) Ltd IPO, which opens for subscription from 12-Dec-2023 to 14-Dec-2023 has an issue size of ₹48 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for S J Logistics (India) Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

S J Logistics (India) Ltd IPO Opens for subscription from 12-Dec-2023 to 14-Dec-2023.

The lot size of S J Logistics (India) Ltd is 1000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹125000 and ₹125000 respectively.

Allotment date for S J Logistics (India) Ltd is 15-Dec-2023 and refund of application amount (in case allotment is not received) will begin from 18-Dec-2023. If your allotment goes through, then shares will be credited in your Demat account by 18-Dec-2023.

The registrar for S J Logistics (India) Ltd IPO is Maashitla Securities Pvt Ltd. You can check your IPO allotment status on the registrar's website.

The shares of S J Logistics (India) Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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