If this trend holds, the stock could list near Rs 130 per share, indicating modest listing-day gains for successful investors.
The IPO received a strong response during its three-day subscription window, being subscribed 65.59 times overall. The non-institutional investor (NII) category led the rally, oversubscribed 138.75 times, while the retail portion saw bids 51.79 times its reserved quota. Qualified institutional buyers (QIBs) also participated strongly, subscribing 40.86 times, underscoring robust institutional confidence in the company’s fundamentals.
Issue details and background
Jayesh Logistics IPO was entirely a fresh issue of 23.47 lakh shares, priced in a band of Rs 116–122 per share. The company raised Rs 7 crore from anchor investors ahead of the IPO, with their shares under a 30- to 90-day lock-in period.
Indcap Advisors acted as the book-running lead manager, while Kfin Technologies was the registrar to the issue. Giriraj Stock Broking is serving as the market maker.
About the company
Jayesh Logistics provides end-to-end logistics and supply chain management services, with a particular focus on cross-border cargo movement between India and Nepal. The company also handles port operations, inland transportation, and warehousing solutions for clients across sectors such as FMCG, automotive, pharmaceuticals, and industrial goods.Jayesh Logistics has built a niche in the Indo-Nepal corridor, leveraging technology such as GPS-integrated fleet tracking and its proprietary SMART-SYS logistics platform, which combines ERP, AI, and blockchain-based e-documentation for real-time tracking and delivery optimization.
Financially, the company has shown impressive growth. In FY25, revenue jumped 27% year-on-year to Rs 112 crore, while profit after tax more than doubled to Rs 7.20 crore.
The company’s long-term growth will depend on its ability to maintain margins, scale operations in other corridors like Bangladesh and Bhutan, and execute its Smart Logistics Application (Phase 2) rollout, one of the key projects funded by the IPO proceeds.