SJ Logistics IPO: Check subscription standing, GMP at the moment.
Unlisted shares of SJ Logistics (India) Ltd are buying and selling Rs 120 greater within the gray market, which is a 96 per cent itemizing acquire from the general public situation
SJ Logistics IPO: The preliminary public providing of SJ Logistics, a logistics and provide chain options and companies supplier, which was opened for public subscription on Tuesday, is closing on Thursday, December 14. The IPO is getting a whopping response from buyers. Till 04:00 pm on the ultimate day of bidding on Thursday, the Rs 48-crore SME IPO was subscribed about 304.23 occasions, receiving bids for 77,73,01,000 shares as towards 25,55,000 shares on provide.
The class meant for non-institutional buyers acquired 487.28 occasions subscription, whereas the quota for retail particular person buyers (RIIs) bought subscribed 333.19 occasions. The certified institutional consumers class has been subscribed 116.16 occasions.
The S J Logistics IPO was opened for public subscription on Tuesday, December 12, and can conclude at the moment, Thursday, December 14. The IPO value was mounted at Rs 125 per share.
On the second day of bidding on Wednesday until 4 pm, the Rs 48-crore SME IPO was subscribed about 52.87 occasions.
SJ Logistics IPO GMP Today
According to market observers, unlisted shares of SJ Logistics (India) Ltd are at the moment buying and selling Rs 120 greater within the gray market as in contrast with its situation value. The Rs 120 gray market premium or GMP means the gray market is anticipating a 96 per cent itemizing acquire from the general public situation. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem value.
SJ Logistics IPO Details
The S J Logistics IPO is solely a contemporary situation of 38.4 lakh shares. Its value band was mounted at Rs 121-Rs 125 per share. The minimal lot dimension for an utility is 1,000 shares. The minimal quantity of funding required by retail buyers is Rs 1,25,000.
The proceeds will likely be utilised in the direction of compensation and/or pre-fee, in complete or half, of sure borrowings availed by the corporate; to satisfy working capital necessities; and for common company objective.
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 problem. The market maker for S J Logistics IPO is Hem Finlease.
Thane-based S J Logistics (India) Limited was included in 2003. It supplies logistics and provide chain options and companies.
The firm supplies freight forwarding, customs clearance and transportation dealing with companies to corporations within the yarn and textiles, car, heavy engineering, energy transmission, rubber tapes, prescribed drugs, carpets, handicrafts and iron and metal merchandise sectors.
Its revenue after tax within the monetary yr 2022-23 stood at Rs 7.61 crore and its income throughout the yr stood at Rs 135 crore.
(The headline and story have been up to date with the newest GMP and subscription knowledge until 4:00 pm)
