About the Company:
Shreeji Translogistics Limited (earlier known as Shreeji Transport Services Pvt. Ltd.) is a Pan-India surface logistics and parcel delivery service provider.
Over the years Company has grown into an integrated national logistical solution provider, catering a wide range of logistical requirements from Import-Export Container movement to local parcel delivery.
The various types of services provided by them includes: Full Truck Load Transport Services, Parcel and Part Truck Load Services/ less than Truck Load (LTL), Import- Export Services and Bonded Trucking Services.
Full Truck Load Transport service is company’s core business and in this space, they have been a trusted name for Time-Bound Deliveries.
Company also handles import- export cargo of various national and international airlines from many air cargo complexes.
Company is certified by ISO 9001:2015 for provision of Customs Bonded Trucking Services.
They own and operate a strong fleet of commercial vehicles consisting of 229 owned trucks and more than 500 outsourced trucks.
They serve a broad range of industries, including the fast moving consumer goods (FMCG), white goods, food, textiles and apparel, furniture and fixture, pharmaceutical, plastics and metal.
Company’s Regional offices are situated in Mumbai, Chennai and Bangalore, they also have their network offices throughout India.
Company’s Major Client List Includes:
- Arvind Ltd
- Asian Paints Ltd
- Carborundum Universal Ltd
- Cipla Ltd
- Life Style International Pvt. Ltd
- Godrej & Boyce Mktg. Co. Ltd
- Tata International Ltd
- Samsung India Electronics Pvt. Ltd
Management Team:
- Mr.Narendra Shah (Designation:Whole-Time Director)
- Mr.Mahendra Shah (Designation:Whole-Time Director)
- Mr.Bipin Shah (Designation:Whole-Time Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | Average Acquisition Cost (in Rs.) |
|---|---|
| Narendra Shah | 4.87 |
| Mahendra Shah | 4.55 |
| Bipin Shah | 3.63 |
| Rupesh Shah | 4.08 |
| Rajnikant Shah | 3.66 |
| Mukesh Shah | 5.66 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoter | ||
| Narendra Shah | 9.60% | 5.46% |
| Mahendra Shah | 9.66% | 5.52% |
| Bipin Shah | 7.49% | 3.47% |
| Rupesh Shah | 9.70% | 5.56% |
| Rajnikant Shah | 9.57% | 5.43% |
| Mukesh Shah | 8.48% | 4.41% |
| Promoter Group Entities | 45.5% | 42.85% |
| Total | 100.00% | 72.70% |
Positives for the Company:
- Experienced Management Team.
- Pan India Presence.
- Diverse customer base.
- Large Fleet of Transportation Vehicles.
- Established Marketing Setup.
- Presence at Strategic Locations.
Objectives of the Issue:
- Funding Working Capital Requirement.
- Funding expenditure for General Corporate Purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Lakhs) |
|---|---|
| Working Capital requirements | 195.50 |
| General Corporate Expenses | 51.70 |
| Net Proceeds | 247.20 |
| Check IPO Allotment Status: |
|---|
Bigshare Websitehttp://www.bigshareonline.com/bssipoapplicationstatus.aspx |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 |
|---|---|---|---|---|---|
| Revenue | 67.89 | 81.41 | 93.15 | 88.45 | 87.74 |
| Net Profit | 0.97 | 0.22 | 0.47 | 1.04 | 1.57 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW(%) | NAV |
|---|---|---|---|---|---|
| Chartered Logistics Limited | 1 | 1.24 | 19.27 | 27.96 | 44.23 |
| Transport Corporation of India | 2.00 | 9.18 | 25.49 | 12.09 | 75.86 |
| Allcargo Logistics | 2.00 | 4.24 | 39.80 | 7.92 | 54.64 |
| Gati Limited | 2.00 | 3.37 | 41.69 | 4.73 | 71.28 |
| SHREEJI TRANSLOGISTICS | 10.00 | 4.79 | 27.14 | 10.76 | 44.53 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 29th September 2017 |
| Issue Closes on:. | 5th October 2017 |
| Issue Price | Rs.130 |
| Face Value | Rs.10 |
| Minimum Lot | 1000 |
| Minimum Investment | Rs.1,30,000 |
| Issue Constitutes | 27.30% |
| Issue Size | Rs.12.4 cr |
| Market Cap | Rs.45.42 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh + OFS) | 9,54,000 |
| Equity Shares Prior | 32,90,175 |
| Equity Shares after the issue | 34,94,175 |
Important Dates:
| Finalization of Basis of Alottment | on or Before 10th October 2017 |
| Initiation of Refunds | on or Before 11th October 2017 |
| Credit of Equity Shares: | on or Before 12th October 2017 |
| Listing Date: | on or Before 13th October 2017 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 4.79 | 27.14 | 10.76% | 44.53 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Listing Gain | 10% |
