CJ Darcl Logistics, the India arm of South Korea’s CJ Logistics, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed Initial Public Offering (IPO), marking a key milestone for both the company and India’s logistics sector. The IPO is subject to regulatory approvals and market conditions.
The issue comprises a fresh issue of up to 26.47 million equity shares and an offer for sale of up to 9.91 million equity shares. The offer will be made through the book-building route, with up to 50% reserved for qualified institutional buyers, at least 15% for non-institutional investors, and a minimum of 35% for retail investors. ICICI Securities and DAM Capital Advisors are acting as Book Running Lead Managers, while MUFG Intime India is the registrar. The shares are proposed to be listed on both BSE and NSE.
CJ Darcl, incorporated in 1986, is an integrated logistics player offering multimodal transport, warehousing, and distribution solutions. Operating on an asset-right model, it has a nationwide presence across 6,691 locations, supported by 202 branch offices, 14 warehouses, a railway stockyard, and a partner fleet network of over 9.5 lakh vehicles. As of March 2025, it also maintained one of India’s largest private inventories of specialized containers.
The company reported revenue from operations of ₹5,161 crore in FY25, up from ₹4,215.8 crore in FY23, while net profit rose to ₹93.1 crore in FY25 from ₹67.7 crore in FY23. Long-term contracts (one year or more) accounted for over 83% of its FY25 revenue.
CJ Logistics Corporation, its parent, is one of South Korea’s largest logistics companies by revenue, with operations in more than 38 countries and consolidated sales of about USD 8.2 billion in 2024.