IPO Key Dates
| Anchor Investor Subscription | |
| IPO opens on | 27 Oct. 2025 |
| IPO Closes on | 29 Oct 2025 |
| Allotment on | 30 Oct 2025 |
| Credit of shares on | 31 Oct 2025 |
| Tentative Listing on | 3 Oct 2025 |
| Registered office |
| Jayesh Logistics Ltd. 1, Crooked Lane 3 rd Floor, Room no. 322 Kolkata, West Bengal, 700069 |
| Email: info@jayeshlogistics.com |
| Lead Manager of the IPO |
| Indcap Advisors Pvt ltd |
| Registrar to the IPO |
| Kfin Technologies ltd |
Business:
Incorporated in May 2011, Jayesh Logistics Ltd. is a full-spectrum logistics service provider with a strong focus on cross-border cargo movement across the Indo-Nepal Corridor and the Nepal hinterland. The company offers services such as inland and cross-border transportation, port handling, and end-to-end supply chain management, including warehousing and distribution.
Jayesh Logistics leverages advanced GPS tracking integrated with SAP for real-time visibility and operational control. Its proprietary SMART-SYS software combines ERP, GPS/RFID, blockchain-based e-POD, and AI-enabled CRM to automate and enhance fleet efficiency.
The company caters to diverse industries such as FMCG, automotive, industrial goods, pharmaceuticals, and government PSUs, ensuring reliable and technology-driven logistics solutions. As of April 2025, it employed 42 permanent staff members.
IPO Details
| IPO opens on | 27 October 2025 |
| IPO closes on | 29 October 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 23,47,200 Shares / Rs 28.64 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 120.000 Shares |
| Net offer to Public | 22,27,200 Shares Rs. 27.17 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 116-122 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
How shares can be applied?
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,000 | ₹2,44,000 |
| Retail (Max) | 2 | 2,000 | ₹2,44,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,66,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,76,000 |
| B-HNI (Min) | 9 | 9,000 | ₹10,98,000 |
The Promoters
The promoters hold 97.57% of the pre-IPO capital
The Objects of the IPO
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
| Objects of the Issue | Rs.in Millions |
| Funding the expenditure towards purchase of side wall trailers | 88.48 |
| Funding the working capital requirements | 112.38 |
| Funding the implementation for phase 2 of Smart Logistics Application | 7.15 |
| General Corporate Purpose |
Financials Snapshot
| Period Ended | 31-Jan-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 59.45 | 47.52 | 21.86 |
| Total Income | 79.6 | 88.3 | 60.37 |
| Profit After Tax | 3.73 | 3.16 | 1.09 |
| Net Worth | 12.97 | 8.02 | 4.86 |
| Reserves and Surplus | 6.69 | 7.46 | 4.3 |
| Total Borrowing | 29.77 | 27.1 | 12.19 |
| Amount in ₹ Crore | |||
Peer Comparison:
Key Financial Indicators
| KPI | Values |
| ROE | 56.77% |
| ROCE | 27.23% |
| RoNW | 56.77% |
| PAT Margin | 6.43% |
| EBITDA Margin | 15.13% |
| Price to Book Value | 4.47 |
| Market Capitalization | 106.04 |
| EPS | 4.99 |
| PE Ratio | 24.47 |
Jayesh Logistics Ltd. IPO Review (Chanakya Analysis)
Incorporated in 2011, Jayesh Logistics Ltd. provides integrated logistics solutions with strong presence in cross-border cargo movement across the Indo-Nepal Corridor and Nepal hinterland. The company offers freight forwarding, warehousing, transportation, and port-handling services, supported by in-house SMART-SYS software integrating ERP, GPS/RFID, Blockchain e-POD, and AI-based CRM for efficient operations.
The IPO, sized at Rs. 28.64 crore, is entirely a fresh issue of 23.47 lakh shares, with a price band of Rs. 116–122 per share. The issue opens on October 27, 2025, and closes on October 29, 2025, with listing proposed on NSE SME. Retail investors need a minimum investment of Rs. 2.44 lakh (2,000 shares).
The company recorded total income of Rs. 79.60 crore and PAT of Rs. 3.73 crore for the 10 months ended January 31, 2025, with impressive ROE of 56.77% and ROCE of 27.23%. Despite improved margins, high trade receivables (4.48 months) and dependence on promoters remain concerns.
Proceeds from the issue will be used for purchasing side-wall trailers, working capital, and Phase-2 of its Smart Logistics Application. While valuations at P/E of 24.47x appear moderate for a growing SME logistics player, sustainability of margins and professional scalability are key factors to watch.
Chanakya View: Attractive operating model with technology adoption and high return ratios; however, small size, limited scalability, and working-capital stretch call for cautious optimism. Suitable only for investors with high-risk appetite and long-term perspective.
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