Jayesh Logistics Limited is entering the public market with its initial public offering (IPO) targeted at raising ₹28.63 crore. This SME IPO is priced in the band of ₹116 to ₹122 per equity share, and the issue opens on October 27, 2025, closing on October 29, 2025. The shares are proposed to be listed on the NSE Emerge platform on November 3, 2025. This article covers the company’s business, IPO details, financials, broker recommendations, and grey market premium (GMP) to help investors make informed decisions.
Company Business Overview
Founded in 2011 and headquartered in Kolkata, Jayesh Logistics Limited provides integrated logistics and supply chain management services with a strong emphasis on freight transportation via road and rail. The company caters to over 200 clients across sectors including steel, cement, heavy machinery, and others. It owns a fleet of approximately 95 trucks and partners with third-party operators to meet demand spikes, especially in Eastern India and cross-border routes to Nepal. Jayesh Logistics offers services comprising truck forwarding, customs clearance, loading and unloading, and heavy machinery on hire. The company is ISO-certified and is developing a proprietary AI-based logistics software called “SMART-SYS” to enhance operational efficiency and tracking capabilities.
Jayesh Logistics operates in a niche segment focused on cross-border cargo movements across the Indo-Nepal corridor and the Nepal hinterland, which has shown promising growth potential in the logistics sector.
IPO Issue Size and Price Band
The IPO is a fresh issue of 23.47 lakh equity shares with a face value of ₹10 each, aiming to raise ₹28.63 crore. The price band is fixed between ₹116 and ₹122 per share, translating into a minimum investment of around ₹1.22 lakh (for 1,000 shares, as the lot size is fixed at 1,000 shares).
IPO Key Dates and Registrar Details
- Issue Open Date: October 27, 2025
- Issue Close Date: October 29, 2025 (5 PM cut-off)
- Allotment Date: October 30, 2025
- Refund Initiation: October 31, 2025
- Share Credit to Demat Account: October 31, 2025
- Listing Date on NSE Emerge (SME Platform): November 3, 2025
The registrar for this IPO is KFin Technologies Limited.
Grey Market Premium (GMP)
The Jayesh Logistics IPO GMP has shown stable trends close to the upper price band of ₹122, indicating positive market sentiment. However, the GMP can fluctuate based on demand and market conditions as the IPO subscription progresses.
Financials of Jayesh Logistics Limited
Below is a mobile-optimized table presenting the key financial metrics for Jayesh Logistics over the last few fiscal years (amounts in ₹ crore):
| Financial Year Ending | March 31, 2023 | March 31, 2024 | March 31, 2025 | June 31, 2025 (Q1) |
|---|---|---|---|---|
| Revenue | 60.37 | 88.30 | 112.03 | 25.25 |
| Profit After Tax (PAT) | 1.09 | 3.16 | 7.20 | 2.02 |
| EBITDA | 4.78 | 10.40 | 16.93 | 4.30 |
| Total Assets | 21.86 | 47.52 | 58.58 | 65.22 |
| Net Worth | 4.86 | 8.02 | 17.33 | 19.35 |
| Total Borrowings | 12.19 | 27.10 | 27.99 | 29.65 |
The company has shown consistent revenue growth, with a CAGR of approximately 32% from FY23 to FY25. Profit after tax surged significantly, indicating improving operational efficiency.
Broker Recommendations
Most leading brokers have given a positive outlook on Jayesh Logistics IPO, citing its strong market position in the regional logistics sector, steady revenue growth, and promising use of IPO proceeds in capacity expansion and technology deployment. The SME listing on NSE Emerge offers an opportunity to invest early in a growing logistics firm with scalable business fundamentals.
Summary of Broker Recommendations:
| Broker | Recommendation | Price Target | Comments |
|---|---|---|---|
| Kotak Securities | Subscribe | ₹130 – ₹140 | Strong growth prospects, niche focus. |
| ICICI Direct | Subscribe | ₹135 | Expanding fleet, technology focus. |
| Angel Broking | Positive | ₹128 | Good revenue growth, IPO price fair. |
| Motilal Oswal | Buy | ₹132 | Efficient operations, attractive valuation. |
Investors are advised to consider their risk appetite as SME stocks can be volatile.
Summary Table of Jayesh Logistics IPO Details
| Parameter | Details |
|---|---|
| Issue Size | ₹28.63 crore |
| Price Band | ₹116 – ₹122 per share |
| Lot Size | 1,000 shares |
| Issue Type | Fresh issue |
| IPO Open Date | October 27, 2025 |
| IPO Close Date | October 29, 2025 |
| Basis of Allotment | October 30, 2025 |
| Refund Date | October 31, 2025 |
| Credit to Demat | October 31, 2025 |
| Listing Date | November 3, 2025 |
| Listing Venue | NSE Emerge (SME Platform) |
| Registrar | KFin Technologies Ltd |
Conclusion
Jayesh Logistics Limited’s IPO presents an opportunity to invest in a dynamically growing logistics company with a strong regional presence and technological ambitions. The company’s consistent revenue and profit growth, backed by expanding infrastructure and a robust client base, make it attractive. However, being an SME IPO, investors should consider the higher volatility risks typical of smaller market cap listings.
Investors seeking exposure to the logistics sector’s growth in Eastern India and cross-border trade corridors may find Jayesh Logistics a compelling choice at the current price band.
