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SJ Logistics IPO: Investors flocked to SJ Logistics’ IPO as soon as it opened. The IPO was fully subscribed on the first day. Investors can place bets on this IPO till December 14. Good news regarding the SJ Logistics IPO has come from the gray market. Let us tell you that the company’s IPO price band is Rs 121 to Rs 125 per share.
Shares making waves in gray market (SJ Logistics IPO GMP)
Today SJ Logistics IPO gray market Rs. 125 is trading at a premium. Which shows that the company can be listed for 250 rupees. If this happens, investors’ money will be doubled on the first day itself. That means you can get 100 percent profit.
The IPO will list around Rs 1300, investors can place bets from today
24 times subscription on the first day
SJ Logistics’ IPO was oversubscribed 24 times on the first day. The IPO was subscribed 37.34 times in the retail category, 4.08 times in the qualified institutional investors category and 22.06 times in the non-institutional investors category.
Shares will be split into 10 pieces, record date this month
A company has created a lot of 1000 shares. Due to which any investor has to bet at least 1,25,000 rupees. Allotment of shares of the company is on 15 December 2023 and listing is on 19 December.
SJ Logistics IPO size Rs. 48 crores. The company’s IPO will be entirely based on a fresh issue. 38.4 lakh shares will be issued through fresh issue.