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Kolkata-based Jayesh Logistics has set the price band for its initial public offering at INR 116-122 per equity share, raising a total of INR 28.63 crore through a fresh issue of 23.47 lakh shares. The IPO will open for public subscription later this week and conclude a few days afterward, with anchor investor bidding taking place a day before the public offer. Funds raised will support the purchase of trailers, expansion of warehousing and logistics infrastructure, working capital needs, and general corporate purposes. The company is a growing player in road and rail freight, cross-border cargo, and supply chain management.
Jayesh Logistics, headquartered in Kolkata, has announced the price band for its initial public offering (IPO) at INR 116-122 per equity share for a total issue size of INR 28.63 crore. The IPO comprises a fresh issue of 23.47 lakh shares, each with a face value of INR 10. Bidding for anchor investors is scheduled for a day before the public subscription opens later this week, and the public offering will close a few days afterward. Advertisement
The company stated that the proceeds from the IPO will be directed toward purchasing side wall trailers, expanding warehousing and smart logistics facilities, meeting working capital requirements, and supporting general corporate activities. Established in 2011, Jayesh Logistics has emerged as a growing entity in India's logistics and supply chain sector. Its services include freight transportation by road and rail, truck forwarding, customs clearance, loading and unloading, and heavy machinery rentals.
A key focus for the company has been cross-border cargo movements, particularly across the Indo-Nepal Corridor and within the Nepal hinterland. Financially, Jayesh Logistics reported revenue of INR 25.20 crore and a profit after tax (PAT) of INR 2.02 crore in the April-June quarter. For the financial year 2025, the company posted revenue of INR 111.88 crore and PAT of INR 7.20 crore.
The company plans to list its shares on the NSE's SME platform, Emerge, with a tentative listing date in early November. Indcap Advisors has been appointed as the sole book-running lead manager for the IPO.
Source PTI
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