CJ Darcl Logistics, the India arm of South Korea’s logistics giant 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 major milestone in the company’s growth and a significant development for India’s logistics sector. The IPO is subject to receipt of requisite approvals and prevailing market conditions.The proposed offering 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. The IPO will follow the book-building route, with allocation up to 50 per cent for qualified institutional buyers, not less than 15 per cent for non-institutional investors, and a minimum of 35 per cent for retail investors. ICICI Securities and DAM Capital Advisors are the Book Running Lead Managers, and MUFG Intime India is the registrar. The equity shares are proposed to be listed on BSE and NSE.CJ Darcl Logistics is a subsidiary of CJ Logistics Corporation, one of South Korea’s largest logistics firms by revenue. CJ Logistics Corporation reported consolidated sales of KRW 12,116,761.15 million (approximately USD 8.2 billion) for FY2024 and operates in over 38 countries, offering services including contract logistics, freight forwarding, express parcel delivery, and supply chain management.Incorporated in 1986, CJ Darcl Logistics provides integrated logistics solutions across India, offering multimodal transportation, warehousing, and distribution services. The company operates an asset-right model supported by a large, tech-enabled partner network. As of March 31, 2025, it had 6,691 locations across India, including 202 branch offices, 14 warehouses, 1 railway stock yard, and a fleet of over 9.5 lakh partnered vehicles alongside owned and leased assets. Its specialized container inventory is among the largest held by any private company in India. The warehousing footprint expanded from 0.60 million sq. ft. in FY23 to 1.13 million sq. ft. in FY25.CJ Darcl Logistics serves a diversified customer base across metals, minerals, coal, chemicals, FMCG, engineering, automotive, agriculture, and glass sectors. Revenue from operations rose to Rs 51.61 billion in FY25 from Rs 42.15 billion in FY23, while net profit increased to Rs 930.1 million from Rs 670.7 million over the same period. Long-term contracts contributed over 83 per cent of revenue in FY25.