Jayesh Logistics IPO has seen 54% subscription on day one, led by strong NII participation. With a ₹28.63 crore issue price band of ₹116-122, the IPO benefits from a positive grey market premium of 4.1%, underpinned by strong revenue and profit growth prospects.
Jayesh Logistics Ltd’s Initial Public Offering (IPO) has garnered robust interest on day one, with 54% of the issue booked as of the latest update. The company’s IPO, valued at ₹28.63 crore, witnessed strong subscription momentum, particularly in the Non-Institutional Investor (NII) category, which has emerged as a key driver of investor enthusiasm.
Key Highlights
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The IPO opened on October 27 and will remain available for subscription until October 29, targeting NSE SME listing on November 3.
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The price band is set between ₹116 to ₹122 per share, with a minimum lot size of 1,000 shares, making the minimum investment approximately ₹1.22 lakh.
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NIIs have significantly subscribed, outpacing Retail Individual Investors (RIIs) and Qualified Institutional Buyers (QIBs).
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Grey Market Premium (GMP) reflects positive sentiment, with unlisted shares trading around ₹127, indicating a 4.1% premium over the upper price band.
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The IPO proceeds will fund fleet expansion, warehousing development, working capital, and general corporate purposes.
Jayesh Logistics reported a 27% revenue increase and a 128% surge in profit after tax (PAT) between FY24 and FY25, signaling strong operational growth.
Investors eye Jayesh Logistics for its strategic foothold in cross-border logistics across the Indo-Nepal corridor and growth potential in the logistics sector.
Source: News18, Economic Times, Moneycontrol