Jayesh Logistics Unveils IPO Details: Aiming High in the Logistics Sector
Jayesh Logistics has set a price range of Rs 116-122 per share for its Rs 28.63 crore IPO, launching on October 27. Proceeds will fund expansions in warehousing, logistics infrastructure, and working capital. The IPO is a fresh issue of 23.47 lakh shares, with NSE listing expected on November 3.
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- India
Kolkata-based Jayesh Logistics has announced a price range of Rs 116-122 per equity share for its Rs 28.63 crore initial public offering (IPO), scheduled to open on October 27. The IPO, comprising a fresh issue of 23.47 lakh equity shares, will close on October 29, with anchor investor bidding starting on October 24.
The funds raised will be directed towards acquiring sidewall trailers, expanding warehousing, enhancing smart logistics infrastructure, meeting working capital needs, and other corporate purposes. Jayesh Logistics, founded in 2011, is a key player in India's logistics and supply chain sector, specializing in freight transportation, truck forwarding, and cross-border cargo movements between India and Nepal.
For Q1 of FY25, Jayesh Logistics reported revenues of Rs 25.20 crore and profits of Rs 2.02 crore. The company plans to list its shares on the NSE's SME platform Emerge on November 3, with Indcap Advisors serving as the IPO's sole book-running lead manager.
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