SJ Logistics IPO

SJ Logistics Limited

₹1,21,000 /1000 sharesMinimum Investment

SJ Logistics IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹125.00₹175.00₹50.00 (40.00%)

SJ Logistics IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
12 Dec ‘23 - 14 Dec ‘23₹1,21,0001,000₹121 - ₹125
Issue SizeIPO Doc
48.00Cr
RHP PDF

About SJ Logistics

SJ Logistics provides its customers with comprehensive logistics and supply chain solutions. Originating as a proprietorship concern in 2000, the company recognized the growing demand and business opportunities in logistics and freight forwarding. In 2003, it expanded its scope to engage in freight business operations. Based in Thane, SJ Logistics conducts its international logistics operations with the support of a network of partners and vendors, allowing it to cater to client needs both in India and abroad. The core services offered by SJ Logistics encompass freight forwarding, customs clearance, and transportation handling services. SJ Logistics has forged cooperation and agency agreements with entities in various countries, including Ecuador, Brazil, Chile, Peru, the USA, Paraguay, Bolivia, Hong Kong, China, Taiwan, and Vietnam. These partnerships facilitate cargo's smooth inward and outward movement, covering all necessary operations and documentation for cargo transit to and from India and the countries above. ;
Parent Organisation
SJ Logistics Limited
Founded
2003
Managing Director
Mr. Rajen Hasmukhlal Shah

Strengths & Risks

  • In 2023, SJ Logistics catered to a diverse customer base, serving approximately 150 clients.
  • As a multimodal transport operator, SJ Logistics can provide a broad spectrum of logistics services tailored to meet client needs.
  • The services include ocean freight forwarding, custom clearances, transportation, and various value-added services.
  • SJ Logistics has established a robust network through subsidiary companies and collaborative agreements with entities in countries such as Ecuador, Brazil, Chile, Peru, the USA, Paraguay, Bolivia, Hong Kong, China, Taiwan, Vietnam, and others.
  • SJ Logistics' logistic and freight business is closely tied to its customers engaged in yarn and yarn commodities manufacturing and export. Any adverse changes in the yarn industry may have detrimental effects on SJ Logistics' operations results and financial condition.
  • Recently venturing into the warehousing business, SJ Logistics can face various associated risks that could impede its growth, cash flows, and overall business and financial condition.
  • SJ Logistics’s top 10 clients contributed 68.54%, 42.53%, 45.11%, and 36.61% to total revenue during the stub period for September 30, 2023, and the years 2023, 2022, and 2021, respectively. Any adverse changes in clients’ supply chain strategies, a reduction in outsourcing of logistics operations, or clients choosing competitors could adversely affect SJ Logistics' revenues.
  • The company faces the risk of delays or non-payment by clients and other counterparties, leading to potential cash flow mismatches.
  • SJ Logistics acknowledges that its insurance coverage may not be sufficient to protect against certain operating hazards, potentially adversely affecting its business and financial conditions.
  • Having experienced negative cash flow in recent fiscal periods, sustained negative cash flow could adversely impact SJ Logistics' business, financial condition, and results of operations.
  • SJ Logistics has made investments in equity shares with a total value of Rs. 6.80 crores and Rs. 0.0503 crores as of September 30, 2023, on a standalone and consolidated basis, respectively. No provisions have been made for potential decreases in the value of these investments, which could impact profits in the future.
  • As of September 30, 2023, SJ Logistics has a contingent liability of Rs. 17.72 crores, not provided in its financial statements, potentially affecting its financial position.
  • The company does not verify the contents of transported cargo, exposing it to risks associated with transporting goods in violation of applicable regulations.
  • The company's indebtedness, totaling Rs. 29.524 crores as of September 30, 2023, exposes it to various risks that may adversely affect its business and operations results.
  • SJ Logistics has availed unsecured loans amounting to Rs. 4.2951 crores as of September 30, 2023, which lenders may recall at any time.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular121 - 125₹2 Lakh
High Networth Individual121 - 125₹2 - 5 Lakh
For SJ Logistics IPO, eligible investors can apply as Regular.
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