S J Logistics IPO vs Siyaram Recycling IPO

Comparision between S J Logistics IPO and Siyaram Recycling IPO.

IPO Details

S J Logistics IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Siyaram Recycling IPO is a SME Book Built Issue proposed to list at BSE SME.

	S J Logistics IPO	Siyaram Recycling IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Hem Securities Limited
Registrar	Maashitla Securities Private Limited	Cameo Corporate Services Limited
Market Maker	Hem Finlease Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of S J Logistics IPO is up to ₹48.00 Cr whereas the issue size of the Siyaram Recycling IPO is up to ₹22.96 Cr. The final issue price of S J Logistics IPO is ₹125.00 per share and of Siyaram Recycling IPO is ₹46.00 per share.

	S J Logistics IPO	Siyaram Recycling IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹43.00 per share
Issue Price (Upper)	₹125.00 per share	₹46.00 per share
Issue Price (Final)	₹125.00 per share	₹46.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	3000 shares
Fresh Issue Size	38,40,000 shares	49,92,000 shares
Fresh Issue Size (Amount)	up to ₹48.00 Cr	up to ₹22.96 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,40,000 shares	49,92,000 shares
Issue Size Total (Amount)	up to ₹48.00 Cr	up to ₹22.96 Cr

IPO Timetable

S J Logistics IPO opens on Dec 12, 2023, while Siyaram Recycling IPO opens on Dec 14, 2023. The closing date of S J Logistics IPO and Siyaram Recycling IPO is Dec 14, 2023, and Dec 18, 2023, respectively.

	S J Logistics IPO	Siyaram Recycling IPO
Anchor Bid Date	Dec 11, 2023
Issue Open	Dec 12, 2023	Dec 14, 2023
Issue Close	Dec 14, 2023	Dec 18, 2023
Basis Of Allotment (Tentative)	Dec 15, 2023	Dec 19, 2023
Initiation of Refunds (Tentative)	Dec 18, 2023	Dec 20, 2023
Credit of Share (Tentative)	Dec 18, 2023	Dec 20, 2023
Listing date (Tentative)	Dec 19, 2023	Dec 21, 2023
Anchor Lockin End date 1	Jan 14, 2024	Jan 18, 2024
Anchor Lockin End date 2	Mar 14, 2024	Mar 18, 2024

Financials

S J Logistics IPO P/E ratio is 14.14, as compared to Siyaram Recycling IPO P/E ratio of 8.3.

S J Logistics IPO

Siyaram Recycling IPO

Financial

S J Logistics (India) Limited Financial Information (Restated Consolidated)

S J Logistics (India) Limited's revenue increased by 29.88% and profit after tax (PAT) rose by 340.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	10,541.07	8,104.32	5,062.51	5,013.55
Revenue	10,338.56	13,500.99	10,395.18	12,402.88
Profit After Tax	931.07	761.56	172.99	82.99
Net Worth	5,640.93	3,120.32
Reserves and Surplus	4,576.62	2,825.15	1,342.14	1,169.15
Total Borrowing	2,952.40	3,356.00
Amount in ₹ Lakhs

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	15,136.31	9,851.35	9,823.59
Revenue	49,786.27	42,644.34	13,972.93
Profit After Tax	765.42	322.47	142.28
Net Worth	4,642.12	3,876.71	3,554.23
Reserves and Surplus	3,261.57	2,496.16	2,173.68
Total Borrowing	6,706.95	2,821.02	2,931.72
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.55%

100%

Promoter Shareholding (Post-Issue)

49.64%

P/E Ratio

14.14

8.3

Market Cap

₹181.04 Cr.

₹86.47 Cr.

ROE

24.41%%

17.97%%

ROCE

18.58%%

13.42%%

Debt/Equity

1.08

1.44

EPS

₹8.84

₹5.54

RoNW

24.41%%

16.49%%

Shares Offered

In the S J Logistics IPO retail investors (RII) are offered 12,77,000 shares while in Siyaram Recycling IPO retail investors are offered 12,77,000 shares. Qualified institutional buyers (QIB) are offered 7,30,000 shares in S J Logistics IPO and 9,48,000 shares in Siyaram Recycling IPO.

	S J Logistics IPO	Siyaram Recycling IPO
Anchor Investor Reserveration	10,92,000 shares	14,22,000 shares
Market Maker Reserveration	1,93,000 shares	2,52,000 shares
QIB	7,30,000 shares	9,48,000 shares
NII	5,48,000 shares	7,11,000 shares
RII	12,77,000 shares	16,59,000 shares
Employee	0 shares	0 shares
Others
Total	25,55,000 shares	33,18,000 shares

Bids Received (Subscription)

S J Logistics IPO subscribed 316.26x in total, whereas Siyaram Recycling IPO subscribed 385.19x.

	S J Logistics IPO	Siyaram Recycling IPO
QIB (times)	116.16x	96.43x
NII (times)	489.45x	597.72x
Big NII (times)
Small NII (times)
RII (times)	356.33x	459.11x
Employee (times)
Other (times)
Total (times)	316.26x	385.19x

Compare with others

S J Logistics IPO	Siyaram Recycling IPO
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Siyaram Recycling IPO	Trident Techlabs IPO
Presstonic Engineering IPO	Shree OSFM E-Mobility IPO
Accent Microcell IPO	Presstonic Engineering IPO
Marinetrans India IPO	S J Logistics IPO
Shanti Spintex IPO	Accent Microcell IPO
Graphisads IPO	Marinetrans India IPO
AMIC Forging IPO	Shanti Spintex IPO

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