SJ Logistics IPO issue fully booked, retail investors win, know GMP and listing date
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SJ Logistics IPO: IPO is becoming the choice of investors in the Indian stock market. Many such IPOs have come in the year 2023 which have filled the pockets of investors. One such IPO has come from SJ Logistics. There is a lot of discussion in the gray market about the company’s IPO. However, today is the last day to apply for this IPO. The price band of SJ Logistics IPO has been set between ₹121 to ₹125. Whereas, the lot size is 1,000 shares. Investors can bid for a minimum of 1,000 shares and in multiples thereof. This means that to invest money in the company the investor will have to invest at least Rs 1,21,000. SJ Logistics (India) Limited provides supply chain and logistics solutions to its customers. The business provides services for transportation management, customs clearance and freight forwarding. In the financial year 2023, more than 3,100 bills have been signed by the company for Africa, South America, Australia, Europe, Gulf, South East Asia, Russia and the United States.
SJ Logistics IPO Details
The price of SJ Logistics IPO is ₹48 crore. This comprises a fresh lot of altogether 3,840,000 equity shares. There are no shares in offer for sale. The Company plans to utilize the net proceeds for general corporate purposes, working capital requirements and full or partial repayment and/or prepayment of certain loans taken by it. The promoter of the company is Rajen Hasmukhlal Shah. SJ Logistics IPO has been subscribed 107.34 times in the last three days. The issue received an overwhelming response from retail investors, whose shares were subscribed 164.99 times, and non-institutional buyers, whose shares were subscribed 99.60 times, according to data from Chittorgarh.com. The portion of qualified institutional buyers (QIBs) was booked 12.31 times.
what is ipo
The full name of IPO is Initial Public Offering. It is a financial process in which a private company decides to issue an offer of its stock to investors in the open market. This is the first time for the company when it goes to sell its shares in the open market. When a company issues an IPO, it publicizes its shares and gives investors the opportunity to buy its shares. Through IPO, the company makes its stock available to investors through public and news media so that they can buy it. Through IPO, the company mostly tries to attract new investors for its stock and through this the company collects most of the capital to fulfill its development and financial plans. This is an attractive option for investors because it offers them the opportunity to own a public company.
How to invest in IPO
Before investing in IPO, understand the related documents completely. Investing in this is risky. In such a situation, take help from a financial advisor. To subscribe to an IPO, you must have a demat account. If you do not have one, you can approach a registered stockbroker or Depository Participant (DP) to open a Demat account. Next, choose a registered stockbroker that offers IPO services. You can do this through online trading platforms or by visiting the broker’s office in person. Stay updated with IPO announcements and their details. Information about upcoming IPOs is usually available on the websites of stock exchanges, financial newspapers and the official website of the company issuing the IPO. Once you have selected an IPO that you want to subscribe to, you can apply online or offline.
,Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money.,
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