The initial public offering (IPO) will end on October 29 and bidding for anchor investors will open for a day on October 24, Jayesh Logistics said in a statement.
The IPO is entirely a fresh issue of 23.47 lakh equity shares of face value of Rs 10 each.
Proceeds from the issuance will be used to finance expenses for the purchase of sidewall trailers, expand storage capacity and smart logistics infrastructure, meet working capital requirements and for general corporate purposes.
Established in 2011, Jayesh Logistics Limited is a fast-growing player in the Indian logistics and supply chain management sector, offering freight forwarding (road and rail), freight forwarding, customs clearance, loading and unloading, and heavy machinery rental.
The company focuses on cross-border freight movements across the Indo-Nepal Corridor and hinterland of Nepal. On the financial front, Jayesh Logistics reported a turnover of Rs 25.20 crore and a profit after tax (PAT) of Rs 2.02 crore for the April-June quarter. The company posted revenues of Rs 111.88 crore and PAT of Rs 7.20 crore in FY25. The company’s shares are proposed to be listed on the NSE’s SME platform Emerge, with a tentative listing date set for November 3.
Indcap Advisors is the sole book-running lead manager for the IPO.
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