What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the S J Logistics (India) Limited IPO allotment date?

The basis of allotment for S J Logistics (India) Limited IPO is scheduled to be finalized on 16 Dec 2023.

Where can I check S J Logistics (India) Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Maashitla Securities Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 17 Dec 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

S J Logistics (India) Limited

ListedSME

Emerging SME Services · NSE

Incorporated in December 2003, S J Logistics (India) Limited provides integrated logistics and supply chain solutions. The company offers freight forwarding, customs clearance, transportation handling, and related services. In FY23, S J Logistics processed around 3,100 bills of lading to destinations across Africa, South America, Australia, Europe, the Gulf, Southeast Asia, Russia, and the United States. The company has also built collaborative partnerships in countries like Brazil, Chile, Peru, the U.S., Hong Kong, Vietnam, China, and Taiwan to support global movement of goods. S J Logistics operates through two subsidiaries — SJA Logisol India Private Limited and S. J. L. Group (Singapore) Pte. Ltd.

Price Band

₹121 – ₹125

Issue Size

₹48.00 Cr

Lot Size

1000 shares

GMP

₹108

+86.4%

Est. Listing

₹233

at current GMP

Subscribed

—

Open

12 Dec 2023

14 Dec 2023

Allotment

16 Dec 2023

Refund

17 Dec 2023

Demat Credit

18 Dec 2023

Listing

19 Dec 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

S J Logistics (India) Limited Allotment Status

Designated Registrar: Maashitla Securities Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

16 Dec 2023

Basis finalization

Refunds Initiate

17 Dec 2023

Mandate release

Demat Credit

18 Dec 2023

Shares in demat

Listing Debut

19 Dec 2023

Trading begins

About S J Logistics (India) Limited Public Issue & Market Profile

S J Logistics (India) Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹48 Crores. The shares are offered at a price band of ₹121 to ₹125 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,25,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Maashitla Securities Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-18, while un-allotted funds or UPI block mandates will be released on 2023-12-17.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.