SJ Logistics IPO: Check GMP in the present day, allotment date and subscription standing.
Even as SJ Logistics IPO’s itemizing is more likely to happen on December 19, Tuesday, the gray market is anticipating a 96 per cent acquire on that day
The share allotment of the SJ Logistics IPO, which was opened for public subscription between December 12 and December 14, has been finalised. The Rs 48-crore SME IPO obtained a whopping 316.26 instances subscription general. Even because the itemizing is more likely to happen on December 19, Tuesday, the gray market is anticipating a 96 per cent acquire on that day.
The IPO worth was mounted at Rs 125 per share.
SJ Logistics IPO: How To Check Allotment Status
Step 1: Visit Maashitla Securities’ web site.
Step 2: Enter PAN, software quantity or Demat account quantity
Step 3: Click on ‘Submit’
Your IPO allotment standing might be proven. You can obtain or print on your document.
SJ Logistics IPO GMP Today
According to market observers, unlisted shares of SJ Logistics (India) Ltd proceed to commerce Rs 120 increased within the gray market as in contrast with its concern worth. The Rs 120 gray market premium or GMP means the gray market is anticipating a 96 per cent itemizing acquire from the general public concern. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.
SJ Logistics IPO Details
The S J Logistics IPO was solely a contemporary concern of 38.4 lakh shares. Its worth band was mounted at Rs 121-Rs 125 per share. The minimal lot measurement for an software was 1,000 shares. The minimal quantity of funding required by retail traders was Rs 1,25,000.
The proceeds might be utilised in direction of compensation and/or pre-fee, in entire or half, of sure borrowings availed by the corporate; to satisfy working capital necessities; and for normal company goal.
Hem Securities Limited is the e book-working lead supervisor of the S J Logistics IPO, whereas Maashitla Securities Private Limited is the registrar for the difficulty. The market maker for S J Logistics IPO is Hem Finlease.
Thane-based S J Logistics (India) Limited was integrated in 2003. It supplies logistics and provide chain options and companies.
The firm supplies freight forwarding, customs clearance and transportation dealing with companies to firms within the yarn and textiles, vehicle, heavy engineering, energy transmission, rubber tapes, prescription drugs, carpets, handicrafts and iron and metal merchandise sectors.
Its revenue after tax within the monetary 12 months 2022-23 stood at Rs 7.61 crore and its income through the 12 months stood at Rs 135 crore.
