S J Logistics (India)
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 12 Dec 2023 – 14 Dec 2023
- Listing date
- 19 Dec 2023
- Face value
- ₹10 per share
- Issue price
- ₹125 per share
- Lot size
- 1,000 shares
- Issue type
- Book Building issue
- Total issue size
- ₹48 Cr
- Market cap at offer price
- ₹181 Cr
- Promoter holding
- 67.55% → 49.64% pre-issue → post-issue
- ISIN
- INE0F3301020
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead managers
- Hem Securities Ltd.
- Registered office
- 901/902/903, Centrum, Opposite Raila Devi Lake, Wagle Estate, 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 |
|---|---|---|---|
| Anchor investor · within QIB | 10,92,000 | — | — |
| Market maker | 1,93,000 | — | — |
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.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.84 | — |
| P/E (×) | 14.14 | — |
| Market cap | — | ₹181 Cr |
Key performance indicators
- Return on net worth
- 24.41%
- ROCE
- 18.58%
- Debt / equity
- 1.08
- PAT margin
- 5.67%
- NAV per share
- ₹36.22
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About S J Logistics (India)
S J Logistics (India) Limited (SJLIL), headquartered at Thane, Maharashtra, traces its origins to a proprietorship started by promoter Rajen Hasmukhlal Shah around 1999-2000 and was incorporated as 'S J Logistics (India) Private Limited' on December 23, 2003, before converting into a public limited company on November 07, 2016. The company provides end-to-end logistics and supply chain solutions — ocean freight forwarding, air freight forwarding, project cargo (oversized/over-dimension and heavy-lift cargo moved on a turnkey basis), customs clearance (arranged through CHA agents, as it holds no CHA licence itself), inland transportation and, via a September 27, 2023 letter of intent, entry into warehousing (~38,910 sq ft at Bhiwandi, Thane). It operates as a registered Multimodal Transport Operator under the Multimodal Transportation of Goods Act, 1993, holds FMC OTI-NVOCC and FIATA credentials, and works through two subsidiaries — SJA Logisol India Private Limited (transportation and logistics) and S. J. L. Group (Singapore) Pte. Ltd. (freight forwarding, packing and crating) — plus agency/cooperation agreements across Ecuador, Brazil, Chile, Peru, USA, Paraguay, Bolivia, Hong Kong, China, Taiwan, Vietnam and other countries. In fiscal 2023 it processed over 3,100 bills of lading, served a diverse base of around 150 customers with 20 employees, and reported consolidated revenue from operations of ₹13,431.17 lakhs and profit after tax of ₹761.56 lakhs.
Company Analysis
from DRHPS J Logistics (India) Limited is an asset-light Multimodal Transport Operator providing logistics and supply chain solutions — ocean and air freight forwarding, customs clearance, inland transportation, project/heavy-lift cargo handling and newly entered warehousing — largely for Indian exporters of yarn, textiles and project cargo.
S J Logistics (India) Limited (SJLIL), headquartered at Thane, Maharashtra, traces its origins to a proprietorship started by promoter Rajen Hasmukhlal Shah around 1999-2000 and was incorporated as 'S J Logistics (India) Private Limited' on December 23, 2003, before converting into a public limited company on November 07, 2016. The company provides end-to-end logistics and supply chain solutions — ocean freight forwarding, air freight forwarding, project cargo (oversized/over-dimension and heavy-lift cargo moved on a turnkey basis), customs clearance (arranged through CHA agents, as it holds no CHA licence itself), inland transportation and, via a September 27, 2023 letter of intent, entry into warehousing (~38,910 sq ft at Bhiwandi, Thane). It operates as a registered Multimodal Transport Operator under the Multimodal Transportation of Goods Act, 1993, holds FMC OTI-NVOCC and FIATA credentials, and works through two subsidiaries — SJA Logisol India Private Limited (transportation and logistics) and S. J. L. Group (Singapore) Pte. Ltd. (freight forwarding, packing and crating) — plus agency/cooperation agreements across Ecuador, Brazil, Chile, Peru, USA, Paraguay, Bolivia, Hong Kong, China, Taiwan, Vietnam and other countries. In fiscal 2023 it processed over 3,100 bills of lading, served a diverse base of around 150 customers with 20 employees, and reported consolidated revenue from operations of ₹13,431.17 lakhs and profit after tax of ₹761.56 lakhs.
Objects of the Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company ₹1250.00 lakhs p.84
- To meet Working Capital requirements p.85
- General Corporate Purpose p.86
Issue Structure
- Total Issue
- up to 38,40,000 Equity Shares aggregating up to ₹[●] lakhs (to constitute 26.51% of the post-issue paid-up equity share capital)
- Fresh Issue
- up to 38,40,000 Equity Shares aggregating up to ₹[●] lakhs (entire issue is a fresh issue)
- Offer for Sale
- Nil
- Face Value
- ₹10
Business Model
SJLIL earns service revenue as an intermediary/agent arranging cargo movement and related compliance for customers: it books space with shipping lines and airlines, coordinates customs clearance via CHA agents, and organises road/rail inland transport and specialized project-cargo handling, charging clients for these door-to-door logistics services. Its cost base is dominated by 'Purchases of Services' (₹11,135.19 lakhs in FY2023 against revenue from operations of ₹13,431.17 lakhs), reflecting an asset-light spread/margin model on freight and allied services rather than ownership of transport assets.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Rajen Hasmukhlal Shah | Promoter | 51.45% | — |
| Asmita Rajen Shah | Promoter Group | 8.78% | — |
| Jeet Rajen Shah | Promoter Group | 3.66% | — |
| Shruti Rajen Shah | Promoter Group | 3.66% | — |
Leadership
Auto-extracted from the company's DRHP 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 DRHP before relying on it.