CJ Darcl Logistics Ltd. IPO Details
CJ Darcl Logistics was incorporated on December 10, 1986. It is a diversified logistics company in India, with market leadership in the full truck load vertical in terms of revenue for Fiscal 2023.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 5.4 M | - | - | ₹3,400.0 M | DRHP DOC |
CJ Darcl Logistics Ltd. issue details
CJ Darcl Logistics Ltd. has 5.4 M shares on offer
CJ Darcl Logistics Ltd. IPO issue size is ₹ 3,400.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
CJ Darcl Logistics Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
CJ Darcl Logistics Ltd. NUMBER OF SHARES ON OFFER
CJ Darcl Logistics Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 677.0 | 42,158.3 | 1,267.1 | -233.5 | 4.4% |
| FY22 | 613.7 | 36,813.8 | -282.8 | -841.4 | 4.2% |
| FY21 | 317.5 | 28,875.7 | 713.3 | 553.1 | 4.3% |
CJ Darcl Logistics Ltd. INFORMATION ON IPO ISSUE
About CJ Darcl Logistics Ltd.
CJ Darcl Logistics was incorporated on December 10, 1986. It is a diversified logistics company in India, with market leadership in the full truck load vertical in terms of revenue for Fiscal 2023.
Object of the Issue
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company
- Funding capital expenditure requirements of the company towards the purchase of EVs
- General corporate purposes
CJ Darcl Logistics Ltd. - PROMOTERS
| Name |
|---|
| Krishan Kumar Agarwal |
| Darshan Kumar Agarwal |
| Roshan Lal Agarwal |
| Narender Kumar Agarwal |
| CJ Logistics Corporation |
CJ Darcl Logistics Ltd. Book Running Lead Managers
ICICI Securities Limited
cjdarcl.ipo@icicisecurities.com
CJ Darcl Logistics Ltd. Book Running Lead Manager
Axis Capital Limited
cjdarcl.ipo@axiscap.in
Mirae Asset Capital Markets (India) Private Limited
cjdarcl.ipo@miraeassetcm.com
CJ Darcl Logistics Ltd. Registrar to the Offer
Link Intime India Private Limited
cjdarcl.ipo@linkintime.co.in
CJ Darcl Logistics Ltd. Strengths
Pan-India operations
The company's logistics services, with multimodal capabilities across verticals, have pan-India operations covering over 5,249 locations through a network of 187 branch offices
Asset-right business model
The company relies on an 'asset-right' business model in which the assets necessary for providing quality services to customers, such as commercial vehicles, multi-axles, and containers, are either owned or provided by a large network of business partners
Longstanding relationship
The company has a longstanding relationship with a diverse set of customers across industries
CJ Darcl Logistics Ltd. Risks
Dependent on limited customers
The company derives a significant portion of its revenue from its top 20 customers. The loss of one or more of these customers could have an adverse effect on the business
Fragmented and competitive industry
The company operates in a highly fragmented and competitive industry and may not be able to sustain its market position, which could adversely affect the business
Negative cash flows
The company has had negative cash flows from operating, investing, and financing activities and may continue to have negative cash flows in the future
IPO FAQs
The promoters of the company are Krishan Kumar Agarwal, Darshan Kumar Agarwal, Roshan Lal Agarwal, Narender Kumar Agarwal and CJ Logistics Corporation.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.