February 4, 2024
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CJ DARCL Logistics IPO GMP today Details @ Chanakyanipothi.com, the Oldest & the most Trusted Investment website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
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CJ DARCL Logistics IPO:
Sebi nod to this IPO is received on January 31, 2024. Now wait for the price band, lot and dates to be announced.
Who are the promoters of CJ DARCL Logistics IPO?
KRISHAN KUMAR AGARWAL, DARSHAN KUMAR AGARWAL, ROSHAN LAL
AGARWAL, NARENDER KUMAR AGARWAL AND CJ LOGISTICS CORPORATION
CJ DARCL Logistics IPO Particulars & Review: Its Business
CJ DARCL Logistics is a diversified logistics company in India, with market leadership in full truck load (“FTL”) vertical in terms of revenue for Fiscal 2023. Its logistics services with multimodal capabilities
across verticals include (i) road/FTL transportation; (ii) rail/multimodal transportation; (iii) warehousing and distribution (“W&D”) and integrated logistics solutions (including project logistics, third party logistics (“3PL”) and freight forwarding); and (iv) other services (including air cargo transportation and shipping/coastal transportation).
It has pan-India operations covering over 5,249 locations through its network of 187 branch
offices as of March 31, 2023. It aspires to be the leading ‘total logistics provider’ in India across transportation modes with continued focus on technology-enabled and efficient capability building.
With over 36 years of its operational experience since inception, it provides differentiated logistics solutions with its: (a) pan-India presence, (b) integrated service offerings, (c) market intelligence and know-how, (d) focus on improving service through technology, and (e) large network of business partners.
The management has focused on providing quality customer experience over decades of operations and thereby building credibility with its customer base, including its longstanding customers. In order to strengthen its capabilities and bring global competencies to its business, in Fiscal 2018, it also entered into shareholders’ arrangement with CJ Logistics Corporation, its Corporate Promoter. CJ Logistics Corporation is a logistics company in South Korea.
It has established longstanding relationships with a diverse set of customers. In Fiscals 2023, 2022 and 2021, it catered to 2,940; 2,725 and 2,499 customers, respectively, spread across multiple industries, including metals and minerals, chemicals, FMCG, engineering and construction, auto and auto ancillary, agriculture and glass.
For more information, click www.cjdarcl.com
What are the Objects of the CJ DARCL Logistics IPO?
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company;
2. Funding capital expenditure requirements of the Company towards purchase of EVs; and
3. General corporate purposes.
| CJ DARCL Logistics IPO Details | |
| IPO opens on | ? ,2023 |
| IPO closes on | ? ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Sh/Rs ? Cr |
| * Fresh Issue | ? Sh/Rs 340 Cr |
| * Offer for Sale | 5431071 Sh /Rs (-) Cr |
| for employees | ? shares |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Employee discount | Rs. ? per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. |
| QIB (50 %) | ? | ? Cr |
| NII (15 %) | ? | ? Cr |
| RII (35 %) | ? | ? Cr |
| Employees | ? | ? Cr |
| Total Shares | ? | ? Cr |
| Retail portion will be oversubscribed by | ? Forms | |
| How much Shares to Apply? | Rs. | |
| Min Retail Application | ? Shares | ? |
| Max Retail Application | ? sh | ? |
| Small HNI (Min) application | ? Sh | ? |
| Small HNI (Max) application | ? sh | ? |
| Big HNI Application | ? sh | ? |
| CJ DARCL Logistics IPO Tentative timetable | |
| IPO opens on. | ? 2023 |
| IPO Closes on | ? 2023 |
| IPO Allotment on | ? 2023 |
| Unblocking of ASBA | ? 2023 |
| Credit of Shares | ? 2023 |
| Listing on | ? 2023 |
| Registered Office of CJ DARCL Logistics | |
| Darcl House, Plot No. 55P, Sector – 44, Institutional Area, Gurugram – 122003, Haryana, India |
|
| IPO Lead Managers ICICI Securities Limited, Axis Capital Limited, Mirae Asset Capital Markets (India) Pvt ltd |
|
| Registrar to IPO | |
| Link Intime India Private Limited |
| CJ DARCL Logistics IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 2908 | 31.75 | 14.01 | 7.08 |
| 2021-22 | 3696 | 61.37 | 27.08 | 12.06 |
| 2022-23 | 4239 | 67.70 | 29.87 | 11.74 |
| Book Value of the Share on | 31.03.2023 | Rs.254.46 | ||
| Book Value of the Share | after the IPO | Rs.? | ||
| Offer Price | Rs. ? | |||
| Ratio Analysis | |
| Price Band/last EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO Ratio | ? |
CJ DARCL Logistics IPO Particulars & Review: Peer Comparison
| As on date of RHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| The IPO Company | 4258 | 10 | ? |
| TCI EXpress | 1241 | 2 | 40.48 |
| Mahindra Logistics | 5128 | 10 | 106.50 |
| Container Corporation | 8169 | 5 | 38.16 |
| Transport Corporation | 3783 | 2 | 19.28 |
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