New Delhi, 27 October (H.S.): Jayesh Logistics Limited launched its ₹28.63 crore Initial Public Offering (IPO) for public subscription on Monday, with the issue set to close on October 29. The company is expected to make its market debut on the National Stock Exchange’s SME platform on November 3.
The allotment of shares is scheduled for October 30, and the shares will be credited to the Demat accounts of allottees on October 31.The price band for the offering is fixed at ₹116 to ₹122 per share. The IPO comprises a fresh issue of 2,347,000 equity shares. Bids can be made for a minimum lot size of 1,000 shares.
Retail investors are required to apply for a minimum of two lots, totaling 2,000 shares, which amounts to an investment of ₹2,44,000 at the upper price band.On Friday, October 24, a day before the issue opened, Jayesh Logistics raised ₹6.78 crore from anchor investors. Ernesta Global Opportunities Fund was the largest contributor, investing ₹1.98 crore.
Other key anchor investors included Veera AIF Trust, LRSD Securities Private Limited, Fortune Hands Growth Fund, and Shine Star Build Cap Private Limited.
Issue Allocation and Financials
The IPO reserves 47.38% of the shares for Qualified Institutional Buyers (QIBs), 33.23% for retail investors, 14.27% for Non-Institutional Investors (NIIs), and 5.11% for the market maker. Indcap Advisors Private Limited is the book-running lead manager, KFin Technologies Limited is the registrar, and Giriraj Stock Broking Private Limited is the market maker for the issue.
According to the prospectus, the company has shown consistent financial growth.
Profitability: Net profit rose from ₹1.09 crore in FY23 to ₹7.20 crore in FY25. For the first quarter of the current fiscal year (April-June 2025), the company posted a net profit of ₹2.02 crore.
Revenue: Total revenue increased from ₹60.37 crore in FY23 to ₹112.03 crore in FY25. Revenue for the first quarter of this fiscal year was ₹25.25 crore.
Debt: The company’s borrowings have also increased, rising from ₹12.19 crore at the end of FY23 to ₹29.65 crore as of June 2025.
Reserves and EBITDA: Reserves and surplus grew to ₹13.01 crore by June 2025. EBITDA saw a significant jump from ₹4.78 crore in FY23 to ₹16.93 crore in FY25.
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Hindusthan Samachar / Jun Sarkar
