Jayesh Logistics to raise ₹28.64 cr from IPO; sets price band of ₹116-122 per share

Kolkata based Jayesh Logistics has announced its Initial Public Offering (IPO) to raise approximately ₹28.64 crores (₹286 million). The public subscription for the IPO will open on October 27 and conclude on October 29.

The company has set a fixed price band of ₹116 to ₹122 per equity share for the issue, which will be listed on the NSE SME platform.

The IPO is entirely a fresh issue of ₹28.64 crores, with a face value of ₹10 per equity share. Investors are required to bid for a minimum of 2,000 shares, and in multiples of 1,000 shares thereafter.

Jayesh Logistics plans to purchase new side wall trailers, the expansion of its warehousing and smart logistics infrastructure, as well as for meeting working capital requirements and general corporate purposes.

Founded in 2011, the company caters to various freight, non-freight, and port handling operations. It has a wide operational reach, moving freight nationwide and across neighboring countries like Nepal, Bhutan, and Bangladesh. Currently, Jayesh Logistics operates a fleet of over 90 trucks and trailer vehicles and has handled 1.5 million MT of cargo over its decade of experience.

For the financial year ending March 31, 2025, Jayesh Logistics revenue increased by 27% to ₹112 crore, up from ₹88 crore in the previous fiscal. The profit after tax (PAT) surged by 128%, rising to ₹7.20 crore from ₹3.16 crore between FY24 and FY25.

The tentative listing date for the IPO on the NSE SME is set for November 3, 2025.