Shreeji Translogistics Ltd

shreeji logistics

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:

  1. Mr.Narendra Shah (Designation:Whole-Time Director)
  2. Mr.Mahendra Shah (Designation:Whole-Time Director)
  3. 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
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 Website


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%