CJ Darcl Logistics Limited is a pan-India integrated logistics and supply-chain solutions provider, offering services across road transportation, rail and coastal transport, warehousing and distribution, freight forwarding, project logistics and air cargo.
The company leverages an asset-right model supported by both owned and partnered fleets to serve a diversified set of industrial and commercial customers.
It operates 202 branch offices and a network covering over 6,600 pin codes & serving around 2,200+ customers across India.
It is a market leader in the FTL segment by revenue but holds less than 1% share of the overall fragmented domestic road freight industry.
CJ Darcl has filed DRHP to raise funds via IPO which comprises completely as Fresh issue of 26,470,000 Shares & Offer for Sale (OFS) of 9,905,355 equity shares.
Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.
| Issue Size: | 3,63,75,355 Equity Shares |
| Fresh Issue: | 26,470,000 Share |
| Offer for Sale: | 9,905,355 Shares |
| Price Range: | TBA |
| Lot Size: | TBA |
CJ Darcl Limited important data points
Revenue, PAT, EBITDA
| Year | Fiscal 2025 |
| Networth | ₹ 750.9 Cr |
| Revenue: | ₹ 5161.1 Cr |
| EBITDA | ₹ 268.2 Cr |
| PAT | ₹ 93.1 Cr |
| EBITDA Margin: | ~5.20% |
| PAT Margin | ~1.80% |
| Face Value: | ₹ 10 per Eq. Share |
IPO important dates
| Open Date: | TBA |
| Close Date: | TBA |
| Anchor Investor Bidding | TBA |
| Allotment Date: | TBA |
| Refunds & Demat Credit | TBA |
| Tentative Listing Date: | TBA |
Use of Proceeds
| Purpose | Amount |
| Borrowing payment | ~ ₹ 275 Cr |
| Working Capital Requirement | ~ ₹ 203.85 Cr |
| General Corporate Purpose | Balance |
| Technology & Infrastructure | – |
| – |
CJ Darcl Limited Financial Data
| 2023 | 2024 | 2025 | |
| Revenue (₹ Cr) | ₹ 4,215.8 | ₹ 4,594.4 | ₹ 5,161.1 |
| Profit (₹ Cr) | ₹ 67.7 | ₹ 82.8 | ₹ 93.1 |
| Asset (₹ Cr) | ₹ 1,480.2 | ₹ 1,672.2 | ₹ 2,006.5 |
| Net Worth (₹ Cr) | ₹ 576.6 | ₹ 659.9 | ₹ 750.9 |
CJ Darcl IPO Grey Market Premium
| Date | IPO Price | IPO GMP | Profit per lot |
| 07-Jan | ₹ – | ₹ – | ₹ – |
| 07-Jan | ₹ – | ₹ – | ₹ – |
| 06-Jan | ₹ – | ₹ – | ₹ – |
| 05-Jan | ₹ – | ₹ – | ₹ – |
| 04-Jan | ₹ – | ₹ – | ₹ – |
| 03-Jan | ₹ – | ₹ – | ₹ – |
CJ Darcl Logistics Limited Promoters – Pre offer equity (Approx)
| CJ Logistics Corporation | ~59.48% |
| Nitesh Agarwal | ~3.18% |
| Narender Kumar Agarwal | ~1.86% |
CJ Darcl Logistics Limited IPO Pros & Cons
Strengths:
- Strong positioning as an integrated, pan-India multimodal logistics player with diversified service offerings.
- Long operating track record since 1986 with established relationships across large industrial clients.
- Asset-right business model improves scalability and capital efficiency.
- Beneficiary of structural growth in India’s logistics, infrastructure, and manufacturing sectors.
- Backing by reputed promoter group and strategic association with CJ Group enhances credibility.
Risks:
- Operates in a highly fragmented and competitive logistics industry with pricing pressure.
- Low overall market share in the domestic road freight segment despite scale.
- Business performance is sensitive to fuel costs, economic cycles, and industrial demand.
- Dependence on third-party fleet operators may impact service consistency and margins.
- IPO valuation and price band risk until final details are disclosed.
CJ Darcl Logistics Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Lead Managers / Registrars of CJ Darcl Logistics Limited
| Lead / Book Running Lead Managers | ICICI Securities Limited, DAM Capital Advisors Limited |
| Registrar (RTA) | MUFG Intime India Pvt Ltd |
Founding Year of CJ Darcl Logistics Limited & Managing Director
CJ Darcl Logistics Limited was incorporated in the year 1986.
Mr. Krishan Kumar Agarwal is the Managing Director of the company.
CJ Darcl Logistics Limited FAQ
- Q1. What is the business of CJ Darcl Logistics Limited?
It is a pan-India integrated logistics and supply-chain services provider offering multimodal transportation, warehousing, distribution, freight forwarding and value-added logistics solutions. - Q2. Why is the company raising funds via IPO?
CJ Darcl is raising funds via IPO to repay/prepay certain borrowings, invest in capital expenditures (including purchase of equipment/Electric Vehicles) and support general corporate purposes. - Q3. What is the size of the issue and where will it list?
The issue size comprises a fresh issue of up to 26,470,000 equity shares and an offer for sale of up to 9,905,355 equity shares. It will be listed on both BSE and NSE platform. - Q4. What are the risks to an investor?
Key risks include customer concentration, dependence on specific industry demand, inability to pass on cost increases, and exposure to fuel price volatility and third-party service reliability. - Q5. What are the potential upsides?
Potential upsides include strong pan-India logistics network, asset-right model enabling scalability, and growth potential in warehousing, multimodal logistics and e-commerce segments. - Q6. How to apply for the IPO?
You can apply for the IPO via your brokerage/demat account or online trading platform when the IPO opens and follow usual IPO subscription steps (UAN, ASBA, etc). - Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.
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