Investors have an exciting opportunity as S J Logistics IPO opens today, promising potential gains. The company is offering a fresh issue, releasing 38.4 lakh shares for investors to bet on. As the IPO debuts, let’s explore the details and the buzz in the grey market.
IPO Details
- Company: S J Logistics
- Issue Type: Fresh Issue
- Number of Shares: 38.4 Lakh
- Price Band: ₹121 to ₹125 per share
Grey Market Performance
The Grey Market Premium (GMP) for S J Logistics IPO is indicating strong investor interest. Currently trading at a premium of ₹105, the GMP suggests a positive market sentiment. This premium implies that the listing price might be around ₹230, offering early investors a potential gain of 84% on the first day.
S J Logistics IPO: Potential Listing Price
If the current trend continues, S J Logistics might debut on the stock exchange at ₹230. This optimistic scenario could translate into a significant profit for investors on the listing day.
Investment Requirements
- Lot Size: 1000 shares
- Minimum Investment: ₹1,25,000
- Retail Investor Reservation: 35% of the issue
- Anchor Investors: The IPO opened for anchor investors on December 11, 2023, and successfully raised ₹13.65 crores.
Conclusion
S J Logistics IPO presents an attractive investment opportunity with a potential listing premium. As investors eagerly watch the market dynamics, the IPO’s opening day could pave the way for substantial gains. Don’t miss out on this chance to participate in the exciting world of IPOs and potential early-bird profits.
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