DJ Mediaprint Logistics SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- Listing date
- 31 Jan 2022
- Face value
- ₹10 per share
- Issue price
- ₹125 per share
- Lot size
- 1,000 shares
- Total issue size
- ₹15 Cr
- Market cap at offer price
- ₹8.43 Cr
- Promoter holding
- 71.11% → 55.35% pre-issue → post-issue
- ISIN
- INE0B1K01014
- Registrar
- Purva Sharegistry (India) Pvt.Ltd.
- Lead managers
- Finshore Management Services Ltd.
- Registered office
- 24, 1st Floor, Palkhiwala House, Tara Manzil, 1st Dhobi Talao Lane, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 60,000 | — | — |
Application size
Minimum 1,000 shares per lot, in multiples, at ₹125
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,25,000 |
| S-HNI (min) | 2 | 2,000 | ₹2,50,000 |
| S-HNI (max) | 8 | 8,000 | ₹10,00,000 |
| B-HNI (min) | 9 | 9,000 | ₹11,25,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 3.00 | — |
| P/E (×) | 41.67 | — |
| Market cap | — | ₹8.43 Cr |
Key performance indicators
- Return on net worth
- 16.93%
- EBITDA margin
- 12.78%
- NAV per share
- ₹17.73
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About DJ Mediaprint Logistics SME
DJ Mediaprint & Logistics Limited was originally incorporated as DJ Logistic Solutions Private Limited on February 24, 2009, and later converted to a public company in December 2017. The company was listed on the BSE SME platform on April 13, 2020. It offers a comprehensive range of integrated printing, logistics, and courier solutions with a well-networked transport operation and quality standards. The company provides services including bulk mailing, speed post, records management, manpower supply, return of post management, bulk scanning, moving services, newspaper print advertising, and related services. With capability to process over 40 to 50 lakh articles per month, the company serves diverse customer segments including banking, airlines, shipping, logistics, education, finance, healthcare, insurance, manufacturing, retail, stockbroking, telecom, and utilities. The company maintains ISO 9001:2015 and ISO 27001:2013 certifications and has been awarded a CRISIL SME 3 rating.
Company Analysis
from RHPDJ Mediaprint & Logistics Limited provides integrated printing, logistics, and courier solutions across India, spanning the printing, document management, and logistics industries.
DJ Mediaprint & Logistics Limited was originally incorporated as DJ Logistic Solutions Private Limited on February 24, 2009, and later converted to a public company in December 2017. The company was listed on the BSE SME platform on April 13, 2020. It offers a comprehensive range of integrated printing, logistics, and courier solutions with a well-networked transport operation and quality standards. The company provides services including bulk mailing, speed post, records management, manpower supply, return of post management, bulk scanning, moving services, newspaper print advertising, and related services. With capability to process over 40 to 50 lakh articles per month, the company serves diverse customer segments including banking, airlines, shipping, logistics, education, finance, healthcare, insurance, manufacturing, retail, stockbroking, telecom, and utilities. The company maintains ISO 9001:2015 and ISO 27001:2013 certifications and has been awarded a CRISIL SME 3 rating.
Objects of the Issue
- To meet the working capital requirements of the company ₹1341.20 Lakhs p.51
- To meet the Issue Expenses ₹33.80 Lakhs p.51
- General Corporate Purposes ₹125.00 Lakhs p.51
- Meeting high working capital requirement p.156
Issue Structure
- Total Issue
- ₹1500.00 Lakhs
- Fresh Issue
- 12,00,000 Equity Shares at ₹125/- per Equity Share aggregating to ₹1500.00 Lakhs
- Price Band
- ₹125/- per Equity Share
- Face Value
- ₹10/- per Equity Share
Business Model
The company earns revenue through multiple integrated service offerings: printing solutions (offset printing, digital printing, variable data printing, continuous stationery printing, security printing), logistics and courier services (bulk mailing, speed post, registered post, book post, international courier services, moving services), document management services (records storage and management, bulk scanning, data tape storage), and ancillary services (bulk SMS and e-mail, newspaper print advertising, manpower supply). The company operates on a project-based and recurring order model with established long-term relationships with major clients.
Business Segments
SWOT Analysis
- • Integrated service portfolio in print, logistics and courier(p.17)
- • Established market presence with existing customer relationships(p.23)
- • Already listed on SME Platform of BSE(p.2)
- • Established track record with 12+ years of operations and 2+ decades of promoter experience(p.90)
- • ISO certifications and quality standards demonstrating operational excellence(p.79)
- • Strong customer relationships with large, diversified client base across multiple sectors(p.79)
- • Established supplier relationships protecting business with favorable terms and pricing(p.90)
- • Significant production capacity with over 40-50 lakh articles per month processing capability(p.79)
- • Experienced second-tier management with decision-making authority ensuring operational continuity(p.90)
- • ISO certifications and CRISIL SME rating demonstrate quality compliance(p.156)
- • Diversified service portfolio across integrated logistics segments(p.157)
- • Strong logistics segment growth driven by essential goods transport(p.158)
- • Improved profitability with PAT growth(p.158)
- • Record Management segment leveraging digital transformation(p.158)
- • Significant litigation exposure across promoters and company(p.20)
- • Negative operating cash flow in recent periods(p.23)
- • Dependence on third-party logistics providers without formal arrangements(p.21)
- • High working capital requirements(p.24)
- • Reliance on short-term contracts with customers(p.22)
- • All premises are rented with no ownership(p.23)
- • Expired peer review certificate of statutory auditor(p.22)
- • Group company (Dynamic) has not updated its MOA object clause despite change in business(p.23)
- • High working capital requirement constraining financial flexibility(p.52)
- • Significant concentration in a few large customers creating revenue dependency risk(p.90)
- • Limited geographic presence restricted to Mumbai, Navi Mumbai, Bhiwandi, Delhi, and Goa(p.82)
- • Weak working capital management with large working capital gap requiring external funding(p.51)
- • Limited operational scale with only 57 employees as of December 3, 2021(p.93)
- • Heavy dependence on limited number of customers for significant revenue(p.156)
- • Risk of financial covenant non-compliance(p.156)
- • Key employee retention risk(p.156)
- • Multiple pending tax litigations against company and directors(p.162)
- • Criminal litigation from bounced cheque involving company and directors(p.162)
- • Growing demand for paper and print products in India(p.17)
- • Expansion of printing and packaging sectors(p.17)
- • Growing print machinery production(p.17)
- • Rising employment in paper industry providing market opportunity(p.17)
- • Growing logistics market expected to expand at 10.5% CAGR between 2019-2025(p.76)
- • Increasing adoption of paperless business models creating demand for document management services(p.86)
- • Rising e-commerce activity driving demand for packaging and logistics solutions(p.76)
- • Document management system market projected to grow at 13.05% CAGR to reach USD 11.47 billion by 2026(p.77)
- • Government focus on infrastructure and 'Atmanirbhar Bharat' stimulus supporting economic recovery(p.76)
- • Expansion opportunity in new geographic regions with planned presence in more regions(p.90)
- • Government initiatives to strengthen logistics sector(p.155)
- • National Logistics Policy and single market opportunity(p.155)
- • Post-COVID logistics market expansion(p.156)
- • E-commerce-driven warehousing and logistics parks business(p.156)
- • Cross-selling expansion across service segments(p.158)
- • Highly competitive and fragmented industry with low entry barriers(p.21)
- • Government digitization and paperless initiatives(p.23)
- • Power and water supply disruptions(p.21)
- • Volatility in raw material prices and supply(p.23)
- • Labour-intensive operations vulnerable to strikes and wage demands(p.22)
- • COVID-19 pandemic uncertainty and impacts(p.22)
- • Technology infrastructure disruptions and machinery breakdowns(p.21)
- • Government regulatory changes and licensing requirements(p.21)
- • Intense competition from numerous organized and unorganized players with low entry barriers(p.91)
- • Risk of margin compression from competitive pricing pressures(p.91)
- • Rising labor wage costs pressuring profitability(p.91)
- • Heavy reliance on raw material suppliers creating supply chain vulnerability(p.91)
- • Limited pricing power in fragmented industry reducing revenue optimization capability(p.91)
- • Government policy changes affecting regulatory compliance and operational costs(p.91)
- • Economic cyclicality and general business condition volatility(p.156)
- • Regulatory and legal changes impacting sector operations(p.156)
- • Political instability and government policy changes(p.156)
- • Intense competition in logistics and printing sectors(p.156)
- • Technology obsolescence risk(p.156)
- • Natural and man-made disaster risks(p.156)
- • Revenue reduction risk from sales decline(p.156)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Dinesh Muddu Kotian | Promoter | 70.40% | 54.79% |
| Mr. Santhosh Muddu Kotian | Promoter | — | — |
| Dinesh Muddu Kotian | Promoter/Managing Director | — | — |
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.