SJ Logistics IPO: The initial public offering (IPO) of logistics and supply chain solutions provider SJ Logistics closed on Thursday, November 14 and the allotment status was determined today (Saturday, December 16). The investors who have applied for the issue can check the allotment status of SJ Logistics IPO on the portal of the registrar, Maashitla Securities Private Limited.
Investors can use the allocation basis to find out whether and how many shares have been allocated to them. The refund process will begin on Monday, December 18th for individuals who have not been allocated shares. The allottees will receive their shares in their demat accounts on December 18.
SJ Logistics' IPO received overwhelming response from investors as the issue was subscribed 316 times on the last day of offering. The listing date of SJ Logistics is Tuesday, December 19, on the NSE SME. If you have applied for the shares, you can check the allotment status of SJ Logistics IPO as follows:
How to Check Allotment Status of SJ Logistics IPO at Maashitla Securities Private Limited:
Once the share allotment is announced, bidders can check the IPO allotment status of SJ Logistics by logging on to the official registrar Maashitla Securities Private Limited's website.
-Visit Maashitla Securities Private Limited website: https://maashitla.com/allotment-status/public-issues
-Select “SJ Logistics Limited” from the drop-down list on the “Public Expenses” page.
-Select and enter your PAN number, application number or demat account number.
-Click the “Send” button.
-Download or print quota status for your records.
Also read: SJ Logistics IPO receives excellent response on the third day. The issue was subscribed over 316 times led by retail investors and NIIs
SJ Logistics IPO details
IPO of SJ Logistics that is worthwhile ₹48 crore, is an all-new issue of 3,840,000 equity shares; According to RHP, there is no OFS (Offer for Sale) component. The price range for the SJ Logistics IPO is in the range of ₹121 to ₹125. The lot size of SJ Logistics IPO is 1,000 shares. Investors can bid for at least 1,000 shares and multiples thereof.
The Company plans to use the net proceeds for general corporate purposes, working capital needs and the full or partial repayment and/or early repayment of certain borrowings incurred.
The underwriter is Hem Securities Limited. Hem Finlease is the market maker for the SJ Logistics IPO. The promoter of the company is Rajen Hasmukhlal Shah.
SJ Logistics IPO GMP today
SJ Logistics IPO GMP today or gray market premium is +120. This suggests that SJ Logistics' share price was trading at a premium of ₹120 on the gray market, according to investorgain.com.
Taking into account the upper end of the IPO price range and the current gray market premium, the estimated listing price of SJ Logistics shares has been included ₹245 each, which is 96 percent higher than the IPO price of RS 125. “Gray market premium” indicates investors’ willingness to pay more than the issue price.
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