Jayesh Logistics IPO Sees Strong Start: Subscribed Nearly 4 Times on Day 1

Market Performance

The Indian stock market’s IPO space stayed buzzing as Jayesh Logistics IPO opened to a solid response on October 27.

Investors rushed in from all categories, driving subscription numbers sharply higher on the very first day.

By the end of Day 1, the Jayesh Logistics IPO was subscribed 3.98 times, reflecting strong interest from retail, institutional, and non-institutional investors alike — a promising start for the Kolkata-based logistics firm.

Jayesh Logistics IPO Details

The Jayesh Logistics IPO aims to raise ₹28.63 crore through a fresh issue of 23.47 lakh shares.

The price band has been fixed between ₹116–₹122 per share.

Here’s a quick breakdown of the IPO response and structure:

• IPO Size: 23.47 lakh shares
• Total Bids: 71.29 lakh shares received
• Total Applications: 1,221
• Overall Subscription: 3.98 times
• Qualified Institutional Buyers (QIB): 5.02 times subscribed
• Non-Institutional Investors (NII): 7.77 times subscribed
• Retail Investors: 2.22 times subscribed

The strong demand across investor categories highlights rising confidence in the logistics sector and the company’s growth story.

Anchor Investment Boost

Before opening for public subscription, Jayesh Logistics already raised ₹6.78 crore through its anchor book.

The company allotted 5.56 lakh shares at ₹122 per share to five institutional investors, helping establish early momentum for the IPO.

This early backing added credibility and investor confidence ahead of the public issue.

How Jayesh Logistics Plans to Use IPO Proceeds

The company has laid out a clear roadmap for utilizing the funds raised through the IPO. The proceeds are planned to be directed towards:

• Purchase of side wall trailers to expand fleet capacity
• Working capital requirements to support business operations
• Implementation of Phase 2 of its Smart Logistics Application
• General corporate purposes to strengthen long-term growth

Each step aligns with Jayesh Logistics’ vision to expand operations, improve efficiency, and enhance its technology-driven logistics capabilities.

Company Overview: Inside Jayesh Logistics’ Business

Founded in Kolkata, Jayesh Logistics is a leading player in India’s logistics and supply chain management space.

The company operates with an in-house fleet of 95 heavy material and cargo handling trucks, offering integrated solutions that cater to multiple industries.

Its services are spread across two broad verticals:

• Freight Services: Road transportation through trucks and railways
• Non-Freight Services:
  • Loading and unloading
  • Truck on hire (Truck Forwarding Note)
  • Custom clearance
  • Machinery on hire

Jayesh Logistics caters to sectors like iron and steel, cement, heavy industrial machinery, engineering, and infrastructure equipment — all crucial segments of India’s manufacturing backbone.

This diversified exposure offers stability and steady revenue streams, even in cyclical markets.

Summary

The Jayesh Logistics IPO debut has clearly struck the right chord with investors, witnessing a 3.98x overall subscription on Day 1.

Strong participation from institutional and non-institutional investors, coupled with a well-defined business model and clear fund utilization strategy, reflects growing optimism in India’s logistics sector.

With its mix of on-ground fleet strength and technology-led logistics solutions, Jayesh Logistics is positioning itself for the next phase of expansion in a rapidly evolving logistics landscape.