DJ Mediaprint IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 26/03 - 31/03
Issue Size ₹2.40 Cr
Issue Price ₹20
Market Lot 6000 Shares
Shares on Offer 1,200,000
Registrar
GMP N/A
Kostak N/A
Subject to Sauda N/A
Listing Date N/A
Listing Price N/A
Listing Gain% N/A

About DJ Mediaprint & Logistics Ltd

DJ Mediaprint & Logistics Ltd. is a leading provider of Integrated Printing, Logistics and Courier solutions in India and overseas with an extraordinarily networked transport operations, pre-eminent quality standards and leading processes & operations. It also provides Bulk Mailing, Speed Post, Records Management, Manpower Supply, RTO Management, Bulk Scanning, Moving and other services.

With the capability to process over 40 to 50 lakh articles per month, the company has hundreds of employees and a remarkable and diverse client base of 1000+ organizations including LIC, Indian Institute of Architects, Dish TV, Bank of India, among others. DJ Mediaprint & Logistics Ltd. currently has eight branch offices spread across Greater Mumbai and one in New Delhi, where it is supported by a large network across the city.

What started as a sole proprietary business in 1999, is today a vast enterprise that operates on a national and international level and offers a smorgasbord of printing, courier and other services. Understanding the invaluable contribution of Small and Medium Enterprises to the Indian business ecosystem, DJ Mediaprint & Logistics Ltd. is committed to share the load of their peripheral business activities so that they can better focus on the core business functions.

A flag-bearer of the highest quality of work that is aligned with foolproof processes, and supported by a highly advanced and mechanised infrastructure, the company is committed to deliver printing and logistical solutions in a way that perfectly matches the expectations of its clients. A natural effect of its highly organized activities is the ISO 9001:2015 certification awarded to it. By virtue of its four pillars: Speed, Reliability, Dedication and Processes, DJ Mediaprint & Logistics Ltd. not only delivers impeccably to the satisfaction of all its clients, but also adds value for all the stakeholders involved in its magnanimous scale of operations.

From humble beginnings as a sole proprietary firm employing 5 people, with Courier & Logistics as its core business, the business has grown by leaps and bounds. Over the years the business added more feathers to its cap with the opening of more branch offices and the launch of mailing operations. In 2009, it became a private company incorporated as DJ Logistic Solutions Pvt. Ltd. and its operations included printing, courier and postal services. Upon further growth, the company installed state-of-the-art machinery with advanced capabilities and kept adding to its number of employees every year. The company has CRISIL Rating, ISO 9001:2015 certification and also opened 2 branch offices in Delhi. In 2017, the company rechristened itself to DJ Mediaprint & Logistics Ltd. to incorporate new lines of business.

DJ Mediaprint & Logistics Ltd. has brought value-addition, reliability, security and economy to its services and has emerged as the market leader in all offerings across various industries that it caters to. A customer-centric approach permeates all its activities, so that the outcomes generated meet the temporal, quality and utility standards of its clients.

The company boasts of a personalized delivery system and a pioneering set of systems and processes that regulate its entire spectrum of mailing operations. In line with the changes in printing technology, the company has entered a new field of printing by commissioning digital printing and associated equipment to its existing set-up of printing machinery. Its current infrastructure encompasses an assemblage of more than 30 types of machines for offset and digital printing as well as for other print-related jobs. The collective operations of these machines cover the entire gamut of printing solutions that can be imagined.

Incorporated in 2009, DJ Mediaprint & Logistics Limited is an Integrated Printing, Logistics and Courier solutions provider in India and some other countries. The company offers bulk scanning, newspaper print advertising services, manpower supply, records management, speed post, bulk mailing, and other services.

Some of the important clients of DJ Mediaprint are GIC Housing Finance, National Insurance, Citi Bank, Punjab National Bank, Philips, Aditya Birla Group, Union Bank of India, and NSDL. It has been awarded ISO 9001:2015 certification for a natural effect in highly organized activities.

The company is also registered with the National Small Industries Corporation Limited and participates in the Central Government Store Purchase Programme. The company has offices at several locations such as Bhiwandi (Thane), Navi Mumbai, Mumbai, Goa, and Delhi.

The services of the company can be divided into 14 categories which include printing solutions, variable data printing, continuous stationery printing, security printing, logistics, bulk mailing, speed post, international courier services, moving services, storage and record management services, bulk scanning, bulk SMS and e-mail, newspaper print advertising service and manpower supply.

Company Promoters

Mr. Dinesh Muddu Kotian and Mr. Santhosh Muddu Kotian are the promoters of the company.

Issue Details

To meet its working capital (Rs. 1.90 cr.) and general corpus fund (Rs. 0.15 cr.) needs, DJML is coming out with a maiden IPO of 1200000 equity shares of Rs. 10 each at a fixed price of Rs. 20 per share to mobilize Rs. 2.40 cr. The issue opens for subscription on 26.03.20 and will close on 31.03.20. Minimum application is to be made for 6000 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on BSE SME. Issue constitutes 28.48% of the post-issue capital of the company. DJML is spending Rs. 0.35 cr. for this IPO process.

The issue is solely lead managed by Finshore Management Services Ltd. and Purva Sharegistry (India) Pvt. Ltd. is the registrar to the issue. Nikunj Stock Brokers Ltd. is acting as a market maker for this IPO.

Having issued entire equity at par, DJML has also issued bonus shares in the ratio of 5 shares for every 1 share held in February 2020. The average cost of acquisition of shares by the promoters is Rs. 1.67 per share. Post issue, the company's current paid-up equity capital of Rs. 3.01 cr. will stand enhanced to Rs. 4.21 cr. With this IPO company is looking for a market cap of Rs. 8.43 cr.

Financia Performance

On the financial performance front, for the last three fiscals, DJML has posted turnover/net profits of Rs. 10.11 cr. / Rs. 0.29 cr. (FY17), Rs. 17.34 cr. / Rs. 0.65 cr. (FY18) and Rs. 20.67 cr. / Rs. 0.92 cr. (FY19). For the first nine months of FY20, it has earned net profit of Rs. 0.75 a cr. on a turnover of Rs. 13.12 cr.

For the last three fiscals, DJML has posted an average EPS of Rs. 2.41 and an average RoNW of 29.54%. The issue is priced at a P/BV of 1.62 based on its NAV of Rs.12.36 as on 31.12.19 and at a P/BV of 1.38 based on post issue NAV of Rs. 14.53.

If we annualize latest earnings and attribute it on fully diluted post issue equity then asking price is at a P/E of around 8.5, thus IPO appears reasonably priced.

Recommendation

Its financial data showing growth trends since FY17. Based on the latest earnings IPO appears reasonably priced. DJML is operating in a highly competitive and fragmented segment and raises concern. LM has poor track records. Considering the current market scenario, investors may consider investment for the long term.

Company Financials

Particulars 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets (In ₹ Millions) 1,261.09 1,082.88 893.81
Total Revenue (In ₹ Millions) 2,067.31 1,733.66 1,010.54
Profit After Tax (PAT) (In ₹ Millions) 92.38 64.79 28.95

DJ Mediaprint & Logistics Ltd IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 26 Mar 2020
Day 2 - 27 Mar 2020
Day 3 - 30 Mar 2020
Day 4 - 31 Mar 2020

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

DJ Mediaprint & Logistics Ltd IPO FAQs

  1. When will DJ Mediaprint & Logistics Ltd IPO open?

    DJ Mediaprint & Logistics Ltd IPO will open on 26/03 and close on 31/03.

  2. What is the listing date of DJ Mediaprint & Logistics Ltd IPO?

    DJ Mediaprint & Logistics Ltd IPO will list on .

  3. What is the offer price of DJ Mediaprint & Logistics Ltd IPO?

    The offer price of DJ Mediaprint & Logistics Ltd IPO is ₹20.

  4. What is the lot size of DJ Mediaprint & Logistics Ltd IPO?

    The lot size of DJ Mediaprint & Logistics Ltd IPO is 6000.

  5. What is the Grey Market Premium (GMP) price of DJ Mediaprint & Logistics Ltd IPO?

    The Grey Market Premium (GMP) price of DJ Mediaprint & Logistics Ltd IPO is Not Available at the moment.

  6. What is the Kostak price of DJ Mediaprint & Logistics Ltd IPO?

    The Kostak price of DJ Mediaprint & Logistics Ltd IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for DJ Mediaprint & Logistics Ltd IPO?

    The Subject to Sauda price for DJ Mediaprint & Logistics Ltd IPO is Not Available at the moment.

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