S J Logistics recently conducted its initial public offering (IPO) with a share price set at Rs 10 per share - Find Any Thing

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Tuesday, December 12, 2023

S J Logistics recently conducted its initial public offering (IPO) with a share price set at Rs 10 per share

Today, on December 12, 2023, S J Logistics (India) Limited is poised to carve its niche in the financial landscape through a robust book-built issue amounting to Rs 48.00 crores. The IPO, featuring an entirely fresh offering of 38.4 lakh shares, welcomes subscriptions from December 12, 2023, to December 14, 2023. The anticipation builds as the IPO is slated to list on NSE SME, with the tentative listing date set for Tuesday, December 19, 2023.
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IPO Details
With a face value of ₹10 per share, S J Logistics IPO is competitively priced between ₹121 to ₹125 per share, offering a lot size of 1000 shares. The total issue size is substantial, standing at 3,840,000 shares, aggregating up to ₹48.00 Crores. Notably, this issuance is exclusively through a Book Built mechanism, emphasizing the infusion of fresh capital into the company.


Inclusive Participation:
The IPO beckons investors with a minimum lot size of 1000 shares, ensuring accessibility to a broad spectrum of market participants. For retail investors, the minimum investment required is ₹125,000, underlining the company's commitment to inclusivity. High Net Worth Individuals (HNIs) are also encouraged to participate, with an invitation to invest in 2 lots (2,000 shares), amounting to ₹250,000, offering them a substantial avenue for engagement.

About S J Logistics:
S J Logistics, established in 2003, has evolved into a prominent force in the logistics sector. Dedicated to excellence, the company specializes in providing customized supply chain solutions. Key services offered include freight forwarding, customs clearance, and adept transportation handling. With a foundation built in 2003, S J Logistics brings nearly two decades of expertise to ensure seamless and efficient logistics solutions for its valued clientele.

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