Jayesh Logistics Announces IPO Price Band of Rs 116-122 per Share for Upcoming Initial Public Offering

Jayesh Logistics, based in Kolkata, has set the price range for its initial public offering (IPO) at Rs 116-122 per share. This IPO, valued at Rs 28.63 crore, will be available for public subscription from October 27 to October 29. Anchor investors can place their bids on October 24, as stated by Jayesh Logistics.

The IPO consists entirely of a fresh issue of 23.47 lakh equity shares, each with a face value of Rs 10. The funds raised will be used for purchasing side wall trailers, expanding warehousing and smart logistics infrastructure, meeting working capital needs, and other corporate purposes.

Financial Performance and Growth

Established in 2011, Jayesh Logistics Limited is a growing entity in India's logistics and supply chain sector. It provides services like freight transportation by road and rail, truck forwarding, customs clearance, loading and unloading, and heavy machinery hire. The company specialises in cross-border cargo movement along the Indo-Nepal Corridor and within Nepal.

Financially, Jayesh Logistics reported a revenue of Rs 25.20 crore and a profit after tax (PAT) of Rs 2.02 crore for the April-June quarter. For the fiscal year FY25, the company recorded a revenue of Rs 111.88 crore and a PAT of Rs 7.20 crore.

IPO Details and Listing Plans

The company's shares are planned to be listed on the NSE's SME platform Emerge, with November 3 set as the tentative listing date. Indcap Advisors is serving as the sole book-running lead manager for this IPO.

Jayesh Logistics aims to strengthen its position in the logistics industry through this IPO by enhancing its infrastructure and operational capabilities. The focus remains on improving efficiency and expanding its service offerings across key regions.

With inputs from PTI