CJ Darcl Logistics IPO consists of a fresh issue of shares worth INR 340 crores and an offer to sell 54.31 lakhs of existing equity shares. The company will use the funds raised to repay loans, fund EV purchases, and cover general corporate needs.
CJ Darcl Logistics Limited IPO – Important Details
| CJ Darcl Logistics IPO Date | NA |
| CJ Darcl Logistics IPO Listing Date | NA |
| CJ Darcl Logistics IPO Price | NA |
| CJ Darcl Logistics IPO Lot Size | NA |
| CJ Darcl Logistics IPO Total Issue Size | NA |
| CJ Darcl Logistics IPO Basis of Allotment | NA |
| CJ Darcl Logistics IPO Initiation of Refunds | NA |
| CJ Darcl Logistics IPO Credit of Shares to Demat | NA |
| CJ Darcl Logistics IPO Issue Type | Book Built Issue IPO |
| CJ Darcl Logistics IPO Listing At | BSE, NSE |
CJ Darcl Logistics IPO – Company Profile
CJ Darcl Logistics, India’s premier logistics company, holds market leadership in FTL. Offering multimodal services, warehousing, and integrated solutions, they operate across 5,249 locations through 187 branches. They strive to be the nation’s foremost ‘total logistics provider,’ focusing on technology-driven efficiency.
With 36 years of experience, CJ Darcl Logistics excels with pan-India coverage, integrated services, market intelligence, and tech-driven solutions. The partnership with CJ Logistics Corporation strengthens global competencies. A technology-first approach enhances customer experience, featuring ERP and a cloud-native TMS for efficient FTL operations.
Committed to ESG values, CJ Darcl Logistics prioritizes sustainable growth, offering eco-friendly solutions and targeting ‘zero-accidents.’ Investing in EVs and advanced safety solutions, they emphasize a customer-centric approach, fostering relationships and maintaining a record of revenue growth and profitability.
CJ Darcl Logistics IPO – Fundamental Analysis
CJ Darcl Logistics Ltd.’s IPO financial analysis presents a picture of consistent revenue growth, increasing profitability, and a stable financial position, but with a rising debt-equity ratio.
Revenue Growth:
The company’s revenue has shown a consistent increase, from ₹28,875.69 million in 2021 to ₹42,158.26 million in 2023. This steady growth indicates a robust and expanding business model.
Equity Increase:
Equity has been steadily increasing, from ₹4,481.82 million in 2021 to ₹5,766.51 million in 2023. This growth in equity indicates a strengthening financial base and confidence from shareholders.
Expense Management:
Expenses have been increasing proportionately with revenue, maintaining a balance. In 2023, expenses matched revenue, which might suggest a need for more efficient cost management to improve profitability.
Profitability:
Profit after tax has shown healthy growth, nearly doubling from ₹317.47 million in 2021 to ₹677.03 million in 2023. This growth in profitability is a positive sign for potential investors.
Return on Net Worth (RoNW):
The RoNW, while showing an increase from 7.08% in 2021 to 12.06% in 2022, slightly declined to 11.74% in 2023. Despite the slight drop, the RoNW remains strong, indicating efficient use of equity.
Earnings Per Share (EPS):
There’s a significant increase in diluted EPS, from ₹14.01 in 2021 to ₹29.87 in 2023, indicating increased profitability per share, which is beneficial for shareholders.
Net Asset Value (NAV) per Equity Share:
NAV per share has consistently increased, reaching ₹254.46 in 2023. This increase indicates a growing intrinsic value of the company.
Assets and Liabilities:
Total assets have shown a steady increase, indicating business growth. However, total liabilities have also increased, resulting in a higher debt-equity ratio.
Debt Equity Ratio:
The debt-equity ratio has risen from 0.93 in 2021 to 1.19 in 2023, suggesting increased reliance on debt financing. While not excessively high, this trend warrants attention for potential financial risk.
CJ Darcl Logistics IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in Million) | 28,875.69 | 36,813.81 | 42,158.26 |
| Equity (₹ in Million) | 4,481.82 | 5,088.58 | 5,766.51 |
| Expenses (₹ in Million) | 28,654.28 | 36,163.13 | 42,158.26 |
| Profit and Loss After Tax (₹ in Million) | 317.47 | 613.68 | 677.03 |
| RoNW (%) | 7.08 | 12.06 | 11.74 |
| NAV per Equity Share (₹) | 197.77 | 224.54 | 254.46 |
| Diluted EPS only (₹) | 14.01 | 27.08 | 29.87 |
| Total Assets (in million) | 10,260.12 | 12,827.81 | 14,801.77 |
| Total Liabilities (in million) | 5,778.3 | 7,739.23 | 9,035.26 |
| Debt Equity Ratio | 0.93 | 1.12 | 1.19 |
CJ Darcl Logistics IPO Peer Comparison
CJ Darcl Logistics Limited’s IPO positions it favorably among peers. With a robust revenue of ₹42,158.26 million, competitive EPS, and a notable RoNW of 11.74%, CJ Darcl Logistics displays strong financial standing compared to TCI Express, Mahindra Logistics, Container Corporation of India, and Transport Corporation of India.
| Company | Revenue (₹ in million) | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| CJ Darcl Logistics Limited | 42,158.26 | 10 | NA | 29.87 | 29.87 | 11.74 | 254.46 |
| TCI Express Limited | 12,410.10 | 2 | 40.48 | 36.24 | 36.20 | 23.35 | 155.66 |
| Mahindra Logistics Limited | 51,282.90 | 10 | 106.50 | 3.65 | 3.64 | 4.68 | 78.03 |
| Container Corporation of India Limited | 81,691.20 | 5 | 38.16 | 19.26 | 19.26 | 10.46 | 184.25 |
| Transport Corporation of India Limited | 37,825.73 | 2 | 19.28 | 40.96 | 40.83 | 18.65 | 219.41 |
CJ Darcl Logistics Ltd IPO Objective
The main objective of CJ Darcl Logistics IPO is to allocate INR 240 crores to repay certain borrowings, INR 10 crores to purchase 70 EVs to reduce emissions, and the remaining funds for general corporate purposes.
- Repayment of borrowings availed by the company: The Company proposes to utilize an estimated amount of INR 240 crores from the Net Proceeds towards full or partial repayment or prepayment of certain of such outstanding borrowings availed by the Company.
- Funding capital expenditure requirements of the company towards the purchase of EVs: The Company plans to utilize INR 10 crores out of the Net Proceeds towards the purchase of 70 EVs for our warehouse & distribution vertical and within-city distribution. They aim to reduce emissions by tracking, deploying EVs, and exploring hybrid lease agreements, fostering stakeholder awareness.
- General Corporate Purposes: The Company plans to balance the funds towards the general corporate goals, including business development, marketing, employee-related costs, rent, administration, insurance, repairs, taxes, and ordinary business expenses.
CJ Darcl Logistics Ltd IPO Risks and Challenges
CJ Darcl Logistics faces customer concentration risks with top clients, potential disruptions in sectors like metals and minerals, and uncertainties from economic shifts. Heavy dependence on FTL and rail/multimodal transport requires adequate diversification for sustainable business, evidenced by past decisions like closing the LTL vertical.
- The business depends on top customers, posing a customer concentration risk. Loss or reduction in business from these customers due to various reasons could adversely impact operations, financials, and cash flows. The lack of long-term agreements, disputes, and penalties further aggravate uncertainties.
- Their business hinges on sectors like metals, minerals, and others, making it vulnerable to economic shifts and regulatory changes. Customer loss or reduced business may result. Previous disruptions during COVID-19 highlight ongoing uncertainties in the future.
- Their revenue heavily depends on FTL and rail/multimodal transportation. Striving to become a ‘total logistics provider,’ but failure to diversify poses a risk. Effective management, integration, and past decisions, like closing the LTL vertical, impact business sustainability.
CJ Darcl Logistics Ltd IPO – Industry & Market Potential
At ~14% of GDP, India’s logistics cost exceeds BRIC and developed countries. Initiatives like GST, road infrastructure investments, inland waterways development, coastal shipping, and dedicated freight corridors aim to reduce this cost.
The market potential lies in transportation and freight services, with a notable dependence on intermediaries by SFOs and the emergence of technology-driven aggregators addressing inefficiencies. Government initiatives further contribute to streamlined processes and improved information gathering.
Regulatory initiatives and rail policies drive formalization and favor multimodal players; inefficiencies in road transport create space for technology solutions, benefiting smaller players, while larger ones with scale and technology gain sustainable advantages.
CJ Darcl Logistics IPO – Type of Offer
CJ Darcl Logistics plans a fresh issue of shares, seeking INR 340 crores to augment the capital needs of the company. Additionally, the company proposes an offer for sale, intending to sell 54.31 lakhs existing shares.
1. Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 340 crores. The company intends to utilize the proceeds from the fresh issue to repay loans, fund EV purchases, and cover general corporate needs.
2. Offer for sale: CJ Darcl Logistics is offering to sell 54.31 lakhs existing shares. The following are the details of the existing shareholders who are also the promoters selling the shares:
| Name of the promoter selling shareholder | Maximum number of offered shares for sale (in million) |
| Krishan Kumar Agarwal | 369, 000 |
| Roshan Lal Agarwal | 203,502 |
| Narender Kumar Agarwal | 230,897 |
CJ Darcl Logistics IPO Offer Size
The offer size of the IPO is INR XXX. This comprises a new issuance of shares totaling INR 340 crores and the sale of 54.31 lakhs of existing equity shares. The funds generated will be utilized to repay loans, fund EV purchases, and cover general corporate needs.
CJ Darcl Logistics IPO Allotment Structure
CJ Darcl Logistics allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) in accordance with SEBI regulations. A portion of the issue is also set aside for the eligible employees.
- Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
- Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
- Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Eligible Employees: A portion of the issue is reserved for eligible employees.
How to apply for an CJ Darcl Logistics Ltd IPO?
To apply for the CJ Darcl Logistics IPO through Alice Blue, you would typically follow these steps:
1. Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
2. Check for IPO Details: Once your account is active, you can check for the CJ Darcl Logistics IPO details in the IPO section of the Alice Blue platform.
3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
4. Submit the Application: Confirm all your details and submit your application.
You can apply for the CJ Darcl Logistics Limited’s IPO at Alice Blue [M1] in just a few clicks!
Check Allotment Status: Post the allotment process; you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check CJ Darcl Logistics IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the CJ Darcl Logistics IPO: If you have applied for multiple IPOs, there might be a dropdown menu or lists where you can select the IPO you are interested in. Select the CJ Darcl Logistics IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the CJ Darcl Logistics IPO:
Registrar’s Website: Visit the website of Link In time India Private Limited, the registrar of the CJ Darcl Logistics IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
NSE and BSE: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
CJ Darcl Logistics IPO Offer Registrar
The registrar for the CJ Darcl Logistics IPO is Link In time India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
C-101, 1stFloor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai –400083
Maharashtra, India
Telephone: +91 810 811 4949
E-mail: [email protected]
Website: www.linkintime.co.in
CJ Darcl Logistics IPO FAQs
What is the allotment date of the CJ Darcl Logistics IPO?
The allotment date of the CJ Darcl Logistics IPO has not yet been announced.
What is the price band of the CJ Darcl Logistics IPO?
The price band of the CJ Darcl Logistics IPO has not yet been announced.
What is the size of the CJ Darcl Logistics IPO?
CJ Darcl Logistics plans to launch an Initial Public Offering (IPO). This comprises a new share issuance of INR 340 crores and the sale of 54.31 lakhs of existing equity shares. The funds generated will be utilized to repay loans, fund EV purchases, and cover general corporate needs.
What is the listing date of the CJ Darcl Logistics IPO?
The listing date of the CJ Darcl Logistics IPO has not yet been announced.
