SJ Logistics IPO: Check subscription standing, GMP Today.
Unlisted shares of SJ Logistics (India) Ltd are buying and selling Rs 125 larger within the gray market, which is a 100 per cent itemizing acquire from the general public challenge
SJ Logistics IPO: The preliminary public providing of SJ Logistics, a logistics and provide chain options and companies supplier, is getting an awesome response from buyers. Till 3:55 pm on the second day of bidding on Wednesday, the Rs 48-crore SME IPO was subscribed about 52.87 instances, receiving bids for 13,50,86,000 shares as in opposition to 25,55,000 shares on supply.
The S J Logistics IPO was opened for public subscription on Tuesday, December 12, and can proceed until Thursday, December 14. The IPO worth was fastened at Rs 125 per share.
On the second day of bidding on Wednesday, the class meant for non-institutional buyers obtained an awesome 39.91 instances subscription, whereas the quota for retail particular person buyers (RIIs) obtained subscribed a whopping 85.99 instances. The certified institutional consumers class has been subscribed 4.68 per cent, based on information until 3:37 pm.
SJ Logistics IPO GMP Today
According to market observers, unlisted shares of SJ Logistics (India) Ltd are at the moment buying and selling Rs 125 larger within the gray market as in contrast with its challenge worth. The Rs 125 gray market premium or GMP means the gray market is anticipating a 100 per cent itemizing acquire from the general public challenge. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
SJ Logistics IPO Details
The S J Logistics IPO is totally a contemporary challenge of 38.4 lakh shares. Its worth band was fastened at Rs 121-Rs 125 per share. The minimal lot dimension for an software is 1,000 shares. The minimal quantity of funding required by retail buyers is Rs 1,25,000.
The proceeds shall be utilised in the 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 objective.
Hem Securities Limited is the ebook-operating 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 integrated in 2003. It offers logistics and provide chain options and companies.
The firm offers freight forwarding, customs clearance and transportation dealing with companies to firms within the yarn and textiles, car, 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 throughout the 12 months stood at Rs 135 crore.
