S J Logistics IPO allotment finalised: Latest GMP, here’s how to check allotment status

Investors can find out if and how many shares they have been given through the basis of allotment. The initiation of the refund process will start on Monday, December 18, for individuals not given shares. Those allotted will receive their shares in their demat accounts on December 18.

S J Logistics IPO received overwhelming response from investors as the issue was subscribed 316 times on the final day of bidding. S J Logistics IPO listing date is set as Tuesday, December 19 on NSE SME. If you applied for the shares, here’s how you can check allotment status of S J Logistics IPO:

How to check allotment status of S J Logistics IPO on Maashitla Securities Private Limited:

Once share allocation is announced, bidders will be able to check S J Logistics IPO allotment status by logging in to the the website of its official registrar Maashitla Securities Private Limited.

-Visit the Maashitla Securities Private Limited website: https://maashitla.com/allotment-status/public-issues

-Select “S J Logistics Limited” from the drop-down list on the public issues page.

-Select and enter your PAN number, application number or demat account number.

-Click on the “submit’ button.

-Download or print the allotment status for your records.

Also Read: SJ Logistics IPO receives stellar response on day 3. Issue subscribed over 316 times led by retail investors, NIIs

SJ Logistics IPO details

SJ Logistics IPO, which is worth ₹48 crore, is completely a fresh issue of 3,840,000 equity share; there is no offer for sale (OFS) component, according to RHP. SJ Logistics IPO price band has been set in the range of ₹121 to ₹125. The SJ Logistics IPO lot size is 1,000 shares. Investors can bid for a minimum of 1,000 shares and in multiples thereof.

The company plans to use the net proceeds for general corporate purposes, working capital requirements, and the repayment and/or prepayment, in full or in part, of certain loans that it has taken out.

The book running lead manager is Hem Securities Limited. Hem Finlease is the market maker for the S J Logistics IPO. The company’s promoter is Rajen Hasmukhlal Shah.

SJ Logistics IPO GMP today

SJ Logistics IPO GMP today or grey market premium is +120. This indicates SJ Logistics share price were trading at a premium of ₹120 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of SJ Logistics share price was indicated at ₹245 apiece, which is 96 per cent higher than the IPO price of RS 125. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

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Published: 16 Dec 2023, 10:17 PM IST