The price band has been fixed at Rs 116–Rs 122 per share, and investors can bid for a minimum of 2,000 shares (two lots), requiring an investment of Rs 2.44 lakh at the upper end. Indcap Advisors is the book-running lead manager, with KFin Technologies as registrar and Giriraj Stock Broking as market maker.
Jayesh Logistics GMP
Market observers said the grey-market premium (GMP) stands at about Rs 4, or roughly 3% above the upper price band, suggesting a modest listing gain if sentiment holds.
Business profile
Jayesh Logistics provides end-to-end logistics and cross-border cargo movement, with a strong presence along the Indo-Nepal corridor and links to Bhutan and Bangladesh. Its portfolio covers inland transport, port handling, warehousing, and supply-chain management for sectors ranging from FMCG and autos to healthcare and PSUs.
The company uses GPS- and SAP-enabled tracking for real-time shipment visibility and operates its proprietary SMART-SYS platform integrating ERP, RFID, and AI-based CRM modules to automate fleet management.
Financial snapshot
Jayesh Logistics has posted healthy growth over the last two years. Revenue rose 27% in FY25 to Rs 112 crore, while profit after tax jumped 128% to Rs 7.2 crore from Rs 3.16 crore in FY24. The company reported a robust return on equity of 56.8% and EBITDA margin of 15%, though leverage remains high with a debt-to-equity ratio of 1.61.
The IPO values the company at a market capitalisation of Rs 106 crore.
Use of proceeds
The company plans to use the net proceeds for buying side-wall trailers (Rs 8.8 crore), working capital needs (Rs 11.2 crore), and phase-two implementation of its Smart Logistics application (Rs 0.7 crore). The remainder will go toward general corporate purposes.
Jayesh Logistics’ IPO adds to the busy October pipeline for SME issues, where investor appetite has turned selective amid a flood of smallcap offers. With valuations moderate and GMP muted, listing gains, if any, may stay limited.
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